|
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. |
|
UK Corporate Announcements Close Brothers announces a full year adjusted pre-tax profit of £134.2m up 27% and states that it is well positioned for the current financial year Daily Mail states that it sees full year results in line with the expectations Hargreaves announces a full year adjusted pre-tax profit of £47.5m on revenues of £688.3m up 24.6% Euromoney states that trading has been in line with the forecasts Hornby warns that it will not achieve forecasts for the current full year citing lower than expected sales of London 2012 merchandise |
|
UK Market News Reports continues of a possible Russian bid to buy out BP from its troubled TNK BP unit Diageo announces that it is in talks to take a stake in United Spirits, but states that there was no certainty that the talks will lead to a deal David Cameron is to speak at the UN in New York later today and then arguably later on has the more important role of appearing as a guest on Late Night with David Letterman Cairn Energy is in the news on reports that it is selling a $940m stake in Cairn India and details today that it has sold 8% of its stake, leaving a 10% holding Bumi details that its former CEO Ari Hudaya has quit the board, after the probe into accounting irregularities at its Indonesian operations announced yesterday Reports suggest that Temasek the Singapore government owned fund is looking to sell its 18% stake in Standard Chartered The Times suggests that Tesco is to reduce coupon promotions and instead focus on personalised offers |
|
UK Analyst Upgrades Anite Rated New Equalweight At Barclays; Pt 140P Intertek Rated New Hold At Socgen, Pt 3,040P Mitie Group Rated New Overweight at Barclays; PT 345p Spirent Rated New Overweight At Barclays; Pt 195P |
|
UK Analyst Cuts Bumi Cut to Reduce from Neutral at Nomura C&W Communications Cut To Sell From Hold At Liberum |
|
UK Insider Buying Cls Holdings Plc, (CLI), 1 insider(s) bought 1,368 shares, £7 |
|
UK Insider Selling IG Group Holdings Plc, (IGG), 1 insider(s) sold 156,012 shares, £4.52 Pennon Group Plc, (PNN), insider(s) sold 2,700 shares, £7.43 |
|
Major European Companies Reporting Mediobanca SpA, R, 0.451 |
|
European Market Summary The IMF has cut its forecasts and urges again that the European authorities need to deliver Spain is due to sell 3 and 6 month bills at 10:30 and Italy sells up to €4bn Bonds at 11:00 |
|
S&P 500 Companies Reporting Carnival Corp, Q3, 1.436, Jabil Circuit Inc, Q4, 0.583 S&P 500 Ex Dividends (gross):- Philip Morris International Inc, PM, (0.85), Zimmer Holdings Inc, ZMH, (0.18) |
|
Major US Stock Movers After Hours MarketAxess gains 1.7% after hours as the S&P announces it will replace Par Pharm. In the S&P 500 SmallCap 600 Radioshack came off 2.6% as S&P details that it will exit the S&P500 Caterpillar announces that it is cutting its 2015 target range and its CEO states that he does not see a big rash of M&A opportunities and fell 2% after hours, it is the world’s largest construction and mining equipment maker |
|
US Market News S&P details that ADT and Pentair are to join the S&P 500 replacing Lexmark and Devry Verizon announces that it is paying TiVo $250m to settle patent litigation claims, the stock gained 4% in late trading on the news The Fed’s Williams states that the US housing market remains depressed The FT details how Google has been attempting to follow Apple’s high profile gains, as Google’s shares have reached a fresh all time high of their own, closing at $749.38, up 30% since July, Apple shares have steadily been posting fresh all time highs but closed down $9 at $690 as it details 5m iPhone 5 were sold in the opening week, positive but under some of the stellar forecasts |
|
Overnight Market News Samsung has alleged jury misconduct in its recent patent case with Apple in the US The ex Chairman of Olympus has pleaded guilty to covering up losses at the camera maker China has increased the quotas allowing foreign investors to buy its benchmark stock index, as it trades down at three year lows, and is off over 36% from the 2010 highs |
|
Major Global IPOs Due Today Clinigen Healthcare Ltd, (0193150Z), 30.5m, GBp 164 |
|
FX Summary Israel’s central bank has left its interest unchanged overnight Some German lawmakers again cannot refrain from commenting on the lack of a decision from Spain to ask for a full bailout or not, with the spokesman for the Christian Democratic Union stating that ‘Rajoy evidently has a communication problem, if he needs help he must say so’ |
|
Commodity Summary Silver holds in exchange traded products have moved to within 0.6% of all time records, as the metal looks set to match the moves posted by gold and platinum |
|
Economic Data Due 15:00 US September Consumer Confidence, 63.0 exp. 60.6 previous |
|
Economic Events IMF Financial Stability Report Geithner speaks at Clinton Initiative
|