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

30 Jan 2013

Cantor Opening Call
  • The FTSE is seen opening down around 5 points this morning
 
UK Corporate Announcements
  • Imperial Tobacco states that it stays confident on its strategic focus and that the macro economic environment remains challenging
  • Polymetal details that Q4 sales gained 5% to $571m
  • United Utilities states that it is trading in line and stays confident on its prospects
  • Renishaw announces H1 adjusted operating profit of £42.3m up 42% and lifts its dividend buoyed by growth in China
  • Safestore announces that its CFO resigns and details a full year pre-tax loss of £19.5m from a profit of £8.5m  and sees a challenging year ahead
 
UK Market News
  • India’s Finance Minister states that he hopes the $2.6bn tax dispute with Vodafone could get resolved in talks this week
  • The FT writes that RBS is winding down its M&A business after attempts to spin off the unit failed
  • FTSE 100 Dividends:- None Scheduled
  • FTSE 250 Dividends:- Bankers Investment Trust PLC/The, BNKR, (3.43),  Fenner PLC, FENR, (7),  Merchants Trust PLC/The, MRCH, (5.80),  Pennon Group PLC, PNN, (8.76)
  • FTSE Small Share:- BlackRock Frontiers Investment Trust PLC, BRFI, ($0.026),  City Natural Resources High Yield Trust PLC, CYN, (.86)
 
UK Analyst Upgrades
  • Imagination Raised To Overweight Vs Equalweight: Morgan Stanley
  • Wpp Pt Raised To 1,150P Vs 800P At Jefferies

UK Insider Buying
  • Experian Plc, (EXPN), 1 insider(s) bought 20000 shares, £10.84
  • Easyjet Plc, (EZJ), 1 insider(s) bought 1066 shares, £9.3
 
UK Insider Selling
  • Kcom Group Plc, (KCOM), 1 insider(s) sold 500000 shares, £0.74
  • Pennon Group Plc, (PNN),  insider(s) sold 5000 shares, £7.07
 
FTSE 100 Movers
Major European Companies Reporting
  • Coloplast A/S, Q1, 3.026,  Fiat SpA, R, 0.311,  Hennes & Mauritz AB, R, 10.155,  NCC AB, R, 14.967,  Nordea Bank AB, R, 0.751,  Roche Holding AG, R, 13.683,  Scania AB, R, 8.238,  SKF AB, R, 10.18,  STMicroelectronics NV, R, -0.229,  Swedbank AB, R, 12.246,  Unibail-Rodamco SE, R, 9.451,  Zardoya Otis SA, R, 0.489
 
European Market Summary
  • GfK states that it has taken provisions of various suspected Turkish irregularities reportedly where its Turkish subsidiary may have collaborated to defraud GfK through tax and social security avoidance schemes over several years
  • Europe’s leading trade official has become more terse with Chinese officials stating that Europe needs a larger share of the Chinese market in telecoms equipment
  • Swiss banks have reportedly lifted the cost for holding physical gold by 20%
  • Germany sells €1bn in 30 year notes at 11:30
 
Major US Stock Movers After Hours
  • Amazon gained after hours as it announces Q4 operating profit ahead of the forecasts although revenues slightly missed, it gained a solid 8% after hours as it detailed that gross margins had improved to 24.1% from 20.7%
 
S&P 500 Companies Reporting
  • ADT Corp/The, Q1, 0.43,  Ameriprise Financial Inc, Q4, 1.47,  AvalonBay Communities Inc, Q4, 1.392,  Avery Dennison Corp, Q4, 0.486,  Boeing Co/The, Q4, 1.186,  Citrix Systems Inc, Q4, 0.841,  ConocoPhillips, Q4, 1.414,  Electronic Arts Inc, Q3, 0.561,  Hess Corp, Q4, 1.253,  Hudson City Bancorp Inc, Q4, 0.119,  JDS Uniphase Corp, Q2, 0.139,  L-3 Communications Holdings Inc, Q4, 2.121,  Marathon Petroleum Corp, Q4, 2.074,  MeadWestvaco Corp, Q4, 0.181,  Murphy Oil Corp, Q4, 1.344,  Northrop Grumman Corp, Q4, 1.736,  Owens-Illinois Inc, Q4, 0.365,  Phillips 66, Q4, 1.664,  QUALCOMM Inc, Q1, 1.125,  Rockwell Automation Inc, Q1, 1.254,  Southern Co/The, Q4, 0.39,  Wisconsin Energy Corp, Q4, 0.42
 
US Market News
  • Sources suggest that the CEO at Chesapeake was forced out by Carl Icahn, Aubrey McClendon co-founded the company, the stock fell over 43% last year, the stock gained 9% after hours on the news
  • Michael Dell is reportedly heading up a move to increase his 15% stake in Dell above 50% and to take the company private
  • The CEO of Pfizer announces that it is looking at the possibility of splitting its branded medicines and generic products into separate businesses
  • The US Senate has now backed Kerry to replace Hilary Clinton as Secretary of State
  • Data out suggests that individual investors have been buying the market as $6.8bn moved into equity mutual funds in the first three weeks of 2013, the largest influx since 2001
  • US house prices have gained at the fastest rate since 2006
  • Google is reportedly close to allowing paid content to be shown through its YouTube service
 
Overnight Market News
  • Residents in Beijing have been told for the second day to stay indoors due to high levels of smog
 
Economic Data Due
  • 10:00 Eurozone January Consumer Confidence, -23.9 exp. -23.9 previous
  • 13:30 US Q4 GDP 1.2% exp. 3.1% previous
  • 19:15 US FOMC Rate Decision 0.25% exp. 0.25% previous
 
Economic Events
  • Monti speaks in Brussels
 
US Interest Rates
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