Business week ahead: 9 - 13 July
Here are all the scheduled results, business events and economic data releases due for this week.
Tuesday 10th July
• A trading update from Marks & Spencer should be the highlight this week, as analysts look for an insight into current trading on the high street. Concerns expressed by leading investors over executive pay were addressed last week. But recent sales figures have revealed a slowdown, led in particular by clothing sales, as the poor weather over May and June put shoppers off renewing their summer wardrobes.
• Fast-growing online fashion retailer Asos is expected to please the City with full-year profits of more than double the previous year. Analysts predict that Asos - which stands for As Seen On Screen - will post pre-tax profits of around £3.2m for the year to 31 March, well ahead of last year's £1.42m.
INTERIM RESULTS: Safestore
PRELIMINARY RESULTS: Anite Group, Asos, Fletcher King, SSP Holdings, Vega Group
ANNUAL MEETINGS Business Post Group, Independent News & Media, Young & Co's Brewery, Marks & Spencer
TRADING STATEMENTS: Johnson Service Group
ECONOMICS: BRC June retail sales monitor, UK May trade data, DMO auctions new index-linked 2022 gilt, CML detailed May mortgage lending
Wednesday 11th July
• Bespak, a maker of drug-delivery devices, reports full-year results. Pre-tax profits are expected to reach £17.2m, compared with £13.7m the year before.
ANNUAL MEETINGS Big Yellow Group, London Stock Exchange, J Sainsbury, Serabi Mining, Telecom Plus
EGMS 3i Group, Premier Research Group
TRADING STATEMENTS British Sky Broadcasting, London Stock Exchange (Q1)
Thursday 12th July
• The sub-prime mortgage sector has had a tumultuous past six months, thanks to the high profile default crises in the US, and British lender Kensington Group is this week expected to show that the UK market has not emerged unscathed.
The group has warned repeatedly since the end of last year that 2007 profits will fall far short of 2006 results. Kensington is now being snapped up by banking group Investec in a 519.5p-a-share deal - a significant discount to the 1200p that shares were fetching last April.
• Civil engineering consultancy Scott Wilson Group is expected to report pre-tax profits of about £17m compared with £8.3m the year before, thanks to buoyant trading conditions in its core markets.
INTERIM RESULTS: Kensington Group, Xploite
PRELIMINARY RESULTS: Capital Pub Company, Chapelthorpe, Forest Support Services, Scott Wilson Group
ANNUAL MEETINGS: Emap, FirstGroup, Aveva Group, Man Group, Mano River Resources, Pactolus
TRADING STATEMENTS Experian, Spectris
ECONOMICS: UK Rics June house price survey, UK Q2 British Chamber of Commerce quarterly survey
Friday 13th July
PRELIMINARY RESULTS: Avocet Mining
ANNUAL MEETINGS: Babcock International, Booker Group, Electrocomponents
EGMS Aquabella Group, Provident Financial
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