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For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 13 Nov 2012 UK Corporate Announcements Vodafone states it takes a £5.9bn impairment on Spain and Italy, and plans a £1.5bn share buyback, as it details Q2 organic service revenues fell 1.4% worse than the forecasts 0.7% falls, but sees its full year adjusted operating profit in the upper half of the guided range ITV announces group revenues gained 4% to £1573m and states it makes further progress in reshaping and rebalancing its business, and states that the TV ad market remains volatile Persimmon states that full year trading is seen in line Capita details that its organic growth for 2012 is in line with the forecasts and that it remains well placed Afren reports nine month pre-tax profit of $145.5m as revenues gain to $1.1bn and maintains its full year outlook De La Rue states that its H1 performance has been in line with the expectations Workspace announces an H1 pre-tax profit of £34m from £33.1m Cineworld states that the strong open to Skyfall has buoyed trading and confirms its full year outlook |
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UK Market News Vodafone and Verizon are to receive $8.5bn dividend from their US joint venture, down from last year but ahead of the expectations The UK Energy Secretary is expected to announce today that regulators are looking into allegations of manipulations in the wholesale natural gas market Bloomberg highlights sources which suggest that Xstrata is considering a revised offer for Lonmin, which previously rejected an offer from its largest shareholder The Times writes on how the judge in the UBS $2.3bn trial of the ‘rogue trader’ should not acquit him just because of any general dislike of the banking industry The UK RICS fell to only -7 in October, well inside the forecasts of around -15 seen, suggesting that while prices have still been falling the rate of the falls has slowed, only gaining in London and the South East William Hill and GVC Holdings announce they are extending their offer period on Sportingbet until December 4th |
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UK Analyst Upgrades Cobham Raised To Hold From Sell At Socgen |
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UK Analyst Cuts Balfour Beatty Cut To Hold From Buy At Berenberg Cobham Pt Cut To 175P Vs 195P At Morgan Stanley Cobham Pt Cut To 190P From 205P At Socgen Enrc Pt Cut To 275P From 375P At Nomura, Stays Reduce |
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UK Insider Buying Admiral Group Plc, (ADM), 1 insider(s) bought 10000 shares, £10.64 Diageo Plc, (DGE), 1 insider(s) bought 458 shares, £18.11 Dotdigital Group Plc, (DOTD), 1 insider(s) bought 215000 shares, £0.13 Jarvis Securities Plc, (JIM), 1 insider(s) bought 1176 shares, £1.71 Ubm Plc, (UBM), 1 insider(s) bought 375000 shares, £7.1 |
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UK Insider Selling Low & Bonar Plc, (LWB), insider(s) sold 14500 shares, £0.5 Jupiter Fund Managemen, (JUP), insider(s) sold 100000 shares, £2.67 Hambledon Mining Plc, (HMB), 1 insider(s) sold 170500 shares, £0.02 Getech Group Plc, (GTC), 1 insider(s) sold 4500000 shares, £0.42 |
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Major European Companies Reporting Acciona SA, Q3, 0.493, Afren PLC, Q3, 0, Banca Monte dei Paschi di Siena SpA, Q3, 0.06, Banca Popolare di Sondrio SCARL, Q3, 0, Banco Espirito Santo SA, Q3, 0.01, Banco Popolare SC, Q3, 0.022, Deutsche Euroshop AG, Q3, 0.45, E.ON AG, Q3, 0.213, Enel SpA, Q3, 0.08, FLSmidth & Co A/S, Q3, 8.3, Intesa Sanpaolo SpA, Q3, 0.025, K+S AG, Q3, 0.614, Kabel Deutschland Holding AG, Q2, 0.637, Leoni AG, Q3, 0.973, Mediaset SpA, Q3, -0.08, PSP Swiss Property AG, Q3, 0.92, SCOR SE, Q3, 0.578, Sonova Holding AG, S1, 2.218, Tod’s SpA, Q3, 1.7, Topdanmark A/S, Q3, 26.483, UniCredit SpA, Q3, 0.038, Unione di Banche Italiane SCPA, Q3, 0.045, Vivendi SA, Q3, 0.473, Vodafone Group PLC, S1, 0.077 |
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European Market Summary Euro Finance Ministers have given Greece two more years to work on its budget, with a target of 2016 to cut the deficit to 2% of GDP, as they respond to concerns that placing too much pressure could create too much local political uncertainty Italy sells €6.5bn in bills at 11:00 Greece sells in 28 day bills and €1bn in 91 day bills at 11:00 |
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Major US Stock Movers After Hours Cornerstone gained 10% in late trading as it announces Q3 sales ahead of the forecasts posting a loss well inside the forecasts |
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S&P 500 Companies Reporting TJX Cos Inc, Q3, 0.617, Cisco Systems Inc, Q1, 0.462, Home Depot Inc/The, Q3, 0.7 |
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US Market News Early trading may be affected today as a computer error on the NYSE meant that 216 stocks failed to have a normal closing auction yesterday, causing issues for hedge fund managers and brokers that are obliged to trade at the official closing price, set by the closing auction Microsoft announces that Windows and Windows Live President is to leave the company, he had previously been tipped to be the next CEO US press suggests that Google is being pressured by the US FTC to settle the antitrust probe or risk facing a lawsuit Kodak announces $793m in financing to emerge from bankruptcy US press writes on how Weintraub Capital Management, the $1bn long/short fund is returning money to investors and will just become a family office overseeing the wealth of founder Jerry Weintraub, as 424 hedge funds have liquidated so far in 2012, from 775 last year, the highest since 2009 Jefferies has agreed to sell itself to Leucadia National in a $2.8bn deal, and states the moves would allow the investment bank to handle the ongoing market uncertainty, Leudcadia already owned 28% of the bank Amazon, Starbucks and Google would be top of the UK papers if there was not the ongoing media circus at the BBC, as senior executives faced UK politicians yesterday and were accused of being immoral over the international accounting practises |
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Overnight Market News An Australian business confidence survey fell into negative territory and matched the sentiment of the markets PepsiCo has opened up its largest research centre outside of the US in China, as it looks to tailor food and snack food brands to the growing market In Australian trading Seven West Media gained 11% as it announces that earnings may gain, the stock has fallen 60% so far in 2012 |
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Major Global IPOs Due Today Crius Energy Trust, (KWH-U), 10m, CAD 10 Moa Group Ltd, (MOA), 12m, NZD 1.25 Silvercrest Asset Management Group LLC, (SAMG), 4.617m, USD 11 – 13 |
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FX Summary The euro stays down at two month lows after the Finance Ministers meeting, as many questions remain unanswered The shekel has come down to two month lows as Israel’s leaders state that they would not hesitate to escalated operations against the Gaza strip |
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Commodity Summary The Independent writes that the US could become the world’s largest producer of oil and gas within 5 years, through the growth of the ‘fracking’ industry Analyst consensus forecast are for Cocoa prices to gain 8% in H1 2013 as demand fro chocolate stays strong amid declining West African supply |
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Economic Data Due 00:01 UK October RICS House Price Balance, -15% exp. -15% previous 09:30 UK October PPI Output, 0.1% exp. 0.5% previous 09:30 UK October CPI, 0.1% exp. 0.5% previous 10:00 Germany November ZEW Survey, 8.0 exp. 10.0 previous 19:00 October Monthly Budget Statement, -$125bn exp. |
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Economic Events EU-27 Finance Ministers Meet in Brussels |