Market news round up, upgrades & downgrades courtesy of Cantor Index

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23 Jan 2013
Cantor Opening Call
  • The FTSE is seen opening up around 20 points higher today
Cantor Capital Graphs
UK Corporate Announcements
  • Land Securities announces Q3 LFL VOIDS gained 2.9% from 2.3%
  • Sage states that AMEA continues to trade well and that stronger trading in North America continued into Q1, and that conditions in mainland Europe remain challenging
  • Hochschild Mining states that it meets its full year production target for 2012
  • Close Brothers details that it expects to achieve a good result in H1 and continues to perform on track
  • WH Smith states that the trading environment remains challenging  but that gross margins have improved strongly
  • Flybe announces it is to cut 300 jobs and confirms its full year guidance
  • Severfield Rowen states that its UK performance has been materially hurt by costs and that its CEO is standing down
  • Unilever announces that its Europe performance has been sluggish
UK Market News
  • David Cameron today makes his long awaited speech on the UK’s relationship with the EU
  • Standard Chartered’s CEO states that the banking industry is still being attacked
  • Barclays announces that it has started to consult with its employees on further reducing its investment banking employees, and expects to detail the effect os some strategic changes on February 12
  • UK press is mentioning the likes of BG, Marks & Spencer and Smiths Group as all being mentioned in possible M&A deals
  • Mervyn King has warned against abandoning its inflation targeting remit and could risk a return to the high inflation era seen in the 1970s
  • The Telegraph writes on how the government is looking to put pressure on BSkyB to stop charging BBC and ITV for running their channels on its satellite services, which only total around £7m/year
  • The UK’s AAA rating is under threat following the official borrowing figures in December came in higher than expected, most of the major ratings agencies already had the UK on negative watch
  • Rio Tinto states that it needs a clear unconditional commitment from the Australian government on gas supply to its Gove refinery and continues to work on such an agreement
  • Prudential announces that its sees growth ahead mostly organically and that Europe is better than last year
  • FTSE 100 Dividends:- Compass Group, CPG, (14.1), Scottish & Southern, SSE, (25.2)
  • FTSE 250 Dividends:- Anite PLC, AIE, (.575),  City of London Investment Trust PLC/The, CTY, (3.52),  IG Group Holdings PLC, IGG, (5.75),  Shaftesbury PLC, SHB, (6.05 gross)
  • FTSE Small Share:- F&C Private Equity Trust PLC, FPER, (1.675), NCC Group PLC, NCC, (.98)
UK Analyst Upgrades
  • Michael Page Raised To Neutral From Underperform At Exane

UK Insider Buying
  • United Utilities Group Pl, (UU/), 1 insider(s) bought 5000 shares, £7.2
FTSE 100 Movers
FTSE 100 Movers Graphic
Major European Companies Reporting
  • Novartis AG, R, 5.252,  SAP AG, R, 3.075,  Siemens AG, Q1, 1.454,  Unilever NV, R, 1.545,  Unilever PLC, R, 1.545
European Market Summary
  • Draghi states that the Darkest Clouds over the Euro Area have subsided
  • Deutsche Bank agrees to pay $1.6m in settlement with the US FERC
  • Allergan announces it is to buy Map Pharmaceuticals for $25/share, at a 60% premium
  • The World Economic Forum in Davos officially starts today
Major US Stock Movers After Hours
  • Google gained over 5% after hours as it announced results ahead of the expectations, with the sector in general hoping this will set the tone for the ongoing results season, Apple report today
  • CREE was the major gained up over 14% after the energy efficient lighting products maker gained sharply
  • Annie’s was the largest faller, down 11% as it announces a recall of its Homegrown Pizza after a faulty screen mesh at a third party flour mill could result in metal fragments in the pizza’s
S&P 500 Companies Reporting
  • Abbott Laboratories, Q4, 0.461,  AbbVie Inc, Q4, 0.987,  Air Products & Chemicals Inc, Q1, 1.29,  Allegheny Technologies Inc, Q4, 0.163,  Altera Corp, Q4, 0.392,  Amgen Inc, Q4, 1.381,  Apple Inc, Q1, 13.421,  Baker Hughes Inc, Q4, 0.609,  Coach Inc, Q2, 1.287,  Crown Castle International Corp, Q4, 0.133,  F5 Networks Inc, Q1, 1.148,  General Dynamics Corp, Q4, 1.902,  Lam Research Corp, Q2, 0.45,  LSI Corp, Q4, 0.139,  McDonald’s Corp, Q4, 1.33,  Molex Inc, Q2, 0.387,  Motorola Solutions Inc, Q4, 1.018,  Netflix Inc, Q4, -0.129,  Noble Corp, Q4, 0.619,  Praxair Inc, Q4, 1.377,  Quest Diagnostics Inc, Q4, 1.069,  SanDisk Corp, Q4, 0.74,  St Jude Medical Inc, Q4, 0.891,  Stryker Corp, Q4, 1.126,  Symantec Corp, Q3, 0.377,  TE Connectivity Ltd, Q1, 0.643,  Teradyne Inc, Q4, 0.006,  Textron Inc, Q4, 0.551,  United Technologies Corp, Q4, 1.03,  Varian Medical Systems Inc, Q1, 0.865,  WellPoint Inc, Q4, 0.94,  Western Digital Corp, Q2, 1.819
US Market News
  • A poll suggests that the state of the US government finances is now the world’s greatest risks
    Bloomberg highlights how Yahoo! has been avoiding hundreds of millions of dollars of taxes by opening up an offshore unit HQ in Amsterdam
  • The S&P gained a touch yesterday after trading resumed following the long weekend, closing at 1492,  close to the psychologically important 1,500 level
Overnight Market News
  • Japanese stocks have come off as the Bank of Japan announced yesterday it was deferring new monetary stimulus
  • North Korea has stated that it plans to increase its nuclear capability despite the UK UN increased sanctions following its rocket launch last month
Economic Data Due
  • 09:30 UK December Jobless Claims, 0.5k exp. -3.0k previous
  • 09:30 UK November ILO Unemployment Rate, 7.9% exp. 7.8% previous
  • 15:00 Eurozone Consumer Confidence, -26.0 exp. -26.5 previous
Economic Events
  • MPC Meeting Minutes
  • IMF World Economic Outlook
UK Unemployment
UK Retail Sales

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