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For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. 16 Nov 2012 UK Corporate Announcements Serco states that its outlook is unchanged from that given with its results in August and that its sees the full year 2012 in line Rotork details Q3 revenues gained 9.9% from last year and details that it expects higher margins in H2 from H1 IMI announces that trading in H2 has been in line Aegis details total revenues for the first nine months gained 16.3% and Q3 revenues were up 14.5% Melrose states that trading has been in line for 2012 but that sales for 2013 have become more uncertain and revenue trends have slowed Lavendon announces that its trading has been in line with the forecasts Bodycote announces that full year earnings expectations are unchanged Brammer states that trading in the period has been in line with the forecasts Ultra Electronics states that it stays confident on its strategies for growth LSE states that market conditions remain challenging in some areas, as H1 revenues gained 7% to £349m Headlam stays confident of hitting its performance target for 2012 and sees no significant change in its financial position since H1 |
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UK Market News BP has now agreed to a $4.5bn settlement with the US authorities, the largest criminal penalty in US legal history The OFT states that it is to look into Tesco’s Clubcard and Sainbury’s Nectar loyalty card as it explores personalised pricing Balfour Beatty is named by a couple of the UK papers today as being the centre of some M&A talk Megafon the second largest mobile phone operator in Russia announced yesterday it is planned to list 15% through Global Depository Receipts which will be traded both in Moscow and in London, and raise as much as $2.1bn The SFO has been ordered to pay the legal costs of the Tchenguiz brothers after their successful defence from the challenges made by the SFO last year Lord McAlpine has reportedly accepted a £185,000 settlement from the BBC after he was publicly linked to the ongoing child abuse scandal The UK sells £2.5bn in bills at 10:00 |
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UK Analyst Upgrades Diageo Pt Raised To 2,050P Vs 1,900P At Socgen, Stays Buy Genus Added To Conviction Buy List At Goldman Next Added To Credit Suisse’S Focus List Next Rated New Outperform At Credit Suisse, Pt 4,200P Paragon Pt Raised To 280P Vs 230P At Berenberg, Stays Buy Premier Oil Pt Cut To 500P Vs 525P At Socgen, Stays Buy Premier Oil Raised To Hold From Sell At Liberum Wolfson Microelectronics Pt Raised To 230P Vs 200P At Liberum |
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UK Analyst Cuts Pennon Cut To Underperform Vs Neutral At Bofaml Pennon Group Cut to Equalweight from Overweight at Barclays |
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UK Insider Buying Chemring Group Plc, (CHG), 2 insider(s) bought 100000 shares, £2.24 Cls Holdings Plc, (CLI), 2 insider(s) bought 14459 shares, £6.66 Computacenter Plc, (CCC), 1 insider(s) bought 30000 shares, £3.53 Dialight Plc, (DIA), 1 insider(s) bought 2350 shares, £10.55 Fidessa Group Plc, (FDSA), 2 insider(s) bought 12941 shares, £12.74 Low & Bonar Plc, (LWB), 1 insider(s) bought 27969 shares, £0.32 Macfarlane Group Plc, (MACF), 1 insider(s) bought 100000 shares, £0.25 Tate & Lyle Plc, (TATE), 1 insider(s) bought 2000 shares, £7.59 |
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UK Insider Selling Galliford Try Plc, (GFRD), 1 insider(s) sold 300000 shares, £7.24 M Winkworth Plc, (WINK), insider(s) sold 112500 shares, £0.86 |
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Major European Companies Reporting Henkel AG & Co KGaA, Q3, 0.994, London Stock Exchange Group PLC, S1, 0.402 |
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European Market Summary Merkel meets with Putin in Moscow today STMicroelectronics responds to talk and states that there is no plan to compromise the unit of the company, after reports it may be looking to split the business |
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Major US Stock Movers After Hours Schiff gained 29% after hours as Reckitt Benkiser announces a $42/share move ahead of the offer from Bayer, in a deal worth around $1.4bn Penn National gained 5% as it detailed that it is to pursue a split into two publicly traded companies Aruba Networks gained 5% as it announces Q1 revenues ahead of the forecasts and also lifts its outlook for Q2 Dell slipped around 2% as its revenue of $13.72bn came in just under the forecasts citing a slowdown in the PC market |
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S&P 500 Companies Reporting JM Smucker Co/The, Q2, 1.444 |
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US Market News Nike announces that it is planning a 2 for 1 share split and increases its dividend 17% Hertz has been given anti-trust clearance for its planned $2.6bn purchase of Dollar Thrifty Starbucks details that it has added a further 25m to its share buyback program, representing around $1.2bn Wal-Mart came off 3% yesterday as its Q3 numbers missed the expectations Economists expect industrial production in the US to have cooled in October, hampered by Sandy |
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Overnight Market News Singapore announces that it sees 1.5% growth in 2012, at the lower end of the forecasts range, as Q3 GDP falls to 5.9% China’s CSI Index has fallen to its lowest level since 2009 on some local concerns that the new leadership will not accelerate economic reforms Kirin Holdings, the largest drinks maker in Japan, announces that it is seeking to acquire Fraser & Neave Ltd’s food and beverages unit, however trading in Kirin fell on the news |
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FX Summary The yen has continued the near term weakness and is now down towards 6 month lows, as the market continues to price in a new government next month, which has signalled it would increase pressure to increase monetary easing Citigroup has detailed that currencies that in the past that have gained from dollar weakness are now themselves weakening, suggesting the market is not convinced that the Federal reserve will fulfil its pledge to continue with its rescue stimulus through to 2015 |