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

31 Jan 2012
Cantor Opening Call
  • The FTSE is seen opening down around 15 points this morning
 
 
UK Corporate Announcements
  • BSkyB announces H1 revenues of £3.53bn up 5% and an adjusted operating profit of £647m ahead of the expectations of around £636m seen
  • Lonmin details that Q2 was proceeding well and with the positive momentum seen in Q1
  • SSE states that it remains on track to achieve its operation and investment objectives
  • Investec announces total operating income has gained 1% from previous year
  • Shell reports Q4 profit of $5.6bn, from $4.8bn, but just under the forecasts of around $6.2bn seen, and that the economic outlook remains uncertain, Exxon and Chevron are due to update tomorrow
  • Diageo reports H1 EBIT of £2.029bn, largely in line and confirms its medium term guidance
  • AstraZeneca announces Q4 EPS ex items of $1.56, ahead of the forecasts of $1.33 seen, on revenues of $28bn also ahead, and that no share repurchases will take place in 2013
  • Mitchells & Butlers states that the economic conditions remain challenging but remains confident that it will perform well in the year ahead
  • Babcock states that the market conditions remain positive
 
UK Market News
  • UK Mortgage lending in December was at its strongest for 11 months, up to 55,785k new mortgages
  • The Telegraph suggests that the UK government is to pull a 2nd rail franchise bidding contest extending the current contract to current operator first group, FirstGroup confirms today that the First Great Western Franchise will continue beyond its current March end date, with a 28 week extension
  • Kenneth Clarke has stated that an exit of the EU would be fatal
  • Lord Lawson has stated that consultants who advise on bankers’ pay make prostitutes look respectable
 
UK Analyst Upgrades
  • Lonmin Raised To Overweight From Neutral At Jpmorgan
  • Soco Raised To Buy Vs Hold At Numis
 
UK Analyst Cuts
  • Imagination Raised To Overweight Vs Equalweight:
  • Carphone Warehouse Cut From Equalweight At Morgan Stanley
  • Carphone Warehouse Cut To Underweight At Morgan Stanley
  • Debenhams Cut To Equalweight Vs Overweight At Morgan Stanley
  • Greene King Cut To Neutral Vs Buy At Goldman
  • Home Retail Cut To Equalweight Vs Overweight At Morgan Stanley
 
UK Insider Buying
  • Chemring Group Plc, (CHG), 1 insider(s) bought 20000 shares, £2.82
 
UK Insider Selling
  • Kcom Group Plc, (KCOM), 1 insider(s) sold 500000 shares, £0.73
  • Pennon Group Plc, (PNN),  insider(s) sold 5000 shares, £7.07
 
FTSE 100 Movers
 
Major European Companies Reporting
  • Amer Sports Oyj, R, 0.707,  AstraZeneca PLC, R, 6.202,  Atlas Copco AB, R, 11.433,  Banco Santander SA, R, 0.414,  British Sky Broadcasting Group PLC, S1, 0.275,  Deutsche Bank AG, R, 3.518,  Diageo PLC, S1, 0.597,  Fiat Industrial SpA, R, 0.755,  Fortum OYJ, R, 1.285,  Infineon Technologies AG, Q1, 0.025,  Klepierre, R, 1.965,  Konecranes OYJ, R, 1.593,  LVMH Moet Hennessy Louis Vuitton SA, R, 7.204,  Novo Nordisk A/S, R, 38.053,  Royal Dutch Shell PLC, R, 4.202,  Skandinaviska Enskilda Banken AB, R, 5.37,  Telefonaktiebolaget LM Ericsson, R, 3.492,  TeliaSonera AB, R, 4.253,  UPM-Kymmene OYJ, R, 0.659
 
European Market Summary
  • Deutsche Bank today announces a Q4 net loss of €2.17bn against expectations of a €311m loss as it increases capital levels and cuts staffing levels
 
Major US Stock Movers After Hours
  • Facebook announces net income fell 79% to $64m in the last quarter after higher spending, with revenues up 40% to $1.59bn, the stock came off 3.5% on the news
  • Skyworks, the Apple parts supplier, gained 13% after hours as it announces Q1 results ahead of thee forecasts and also lifts its forecasts for Q2
  • JDS Uniphase gained 7.7% in late trading as it announced revenues ahead of the forecasts
  • Fusion-io was the leading faller off 24% as the data storage maker lowered its outlook for Q3
 
S&P 500 Companies Reporting
  • Aetna Inc, Q4, 0.945,  Altria Group Inc, Q4, 0.545,  AutoNation Inc, Q4, 0.642,  Ball Corp, Q4, 0.655,  Bemis Co Inc, Q4, 0.496,  Cameron International Corp, Q4, 0.954,  CH Robinson Worldwide Inc, Q4, 0.7,  Chubb Corp/The, Q4, -0.457,  Colgate-Palmolive Co, Q4, 1.395,  CONSOL Energy Inc, Q4, 0.231,  CR Bard Inc, Q4, 1.67,  Dominion Resources Inc/VA, Q4, 0.692,  Dow Chemical Co/The, Q4, 0.341,  Eastman Chemical Co, Q4, 1.19,  Harman International Industries Inc, Q2, 0.89,  Helmerich & Payne Inc, Q1, 1.292,  Hershey Co/The, Q4, 0.751,  Invesco Ltd, Q4, 0.473,  Mastercard Inc, Q4, 4.827,  McKesson Corp, Q3, 1.631,  Mead Johnson Nutrition Co, Q4, 0.677,  NASDAQ OMX Group Inc/The, Q4, 0.609,  Occidental Petroleum Corp, Q4, 1.66,  PACCAR Inc, Q4, 0.681,  PerkinElmer Inc, Q4, 0.654,  Pitney Bowes Inc, Q4, 0.515,  Principal Financial Group Inc, Q4, 0.736,  PulteGroup Inc, Q4, 0.317,  Ryder System Inc, Q4, 1.102,  Sherwin-Williams Co/The, Q4, 1.16,  Thermo Fisher Scientific Inc, Q4, 1.281,  Time Warner Cable Inc, Q4, 1.551,  United Parcel Service Inc, Q4, 1.376,  Viacom Inc, Q1, 0.911,  Whirlpool Corp, Q4, 2.248,  Xcel Energy Inc, Q4, 0.28,  Zimmer Holdings Inc, Q4, 1.496
 
US Market News
  • The US Commerce Dept details that US defence purchases fell 22% in Q4, and contributed to the economy slipping by 0.1% in the quarter
  • Research in Motion’s shares have continued the recent losses, coming off 12%, as it latest phone launch under whelms investors
 
Overnight Market News
  • Honda announces that it is cutting its full year net income forecasts to 370bn yen from 375bn yen
  • Nintendo fell 5% yesterday as it details it was seeing a consumer shift away from gaming consoles to smartphones
  • Sinochem agrees to take a 40% stake in a Texas Oil acreage for $500m from Pioneer Natural Resources
 
Economic Data Due
  • 00:01 UK January Consumer Confidence, -29 exp. -29 previous
  • 07:00 UK January Nationwide House Prices, -0.1% previous
  • 10:00 Eurozone January CPI Estimates, 2.3% exp. 2.2% previous
  • 13:30 US December Personal Income, 0.8% exp. 0.6% previous
  • 13:30 US Initial Jobless Claims, 355k exp. 330k previous
  • 14:45 US January Chicago Purchasing Manager, 51.0 exp. 51.6 previous
 
Economic Events
  • IMF News Conference
  • EU Foreign Ministers Meeting in Brussels
 
US Personal Income
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