LONDON (ShareCast) - After Michael Page's profit warning on Monday, shareholders in sector peer Hays must be fearing the worst ahead of the recruiter's third quarter trading update.

Peel Hunt says markets are clearly still challenging. "Asian markets, where NFI [net fee income] is weighted towards banking, are weak and European and RoW [Rest of World] markets excluding Germany and Canada have become increasingly tough. Australia is likely to be slowing, as the pause in mining resources activity will likely [have an] impact [on] other sectors in that region," Peel Hunt said.

dotDigital, a provider of software as a service and managed services to the digital marketing industry, unveils full-year results on Tuesday.

In July’s pre-closed period trading statement it reported that results would be in line with market expectations at the top and bottom lines, which Northland Capital Partners says suggests profit before tax of £2.7m on revenue of £11.8m (+17% and +32% respectively).

"Within this, revenue at the SaaS Email Marketing and Managed Service division increased 36% and Agency Services & Search grew 16%," Northland notes.

"The company is building up a good recurring revenue stream (73% at year-end) particularly around the dotMailer email marketing product. The company is also extending from the SME [small-to-medium enterprises] to the corporate that should increase the lifetime revenue per client," the broker continued.

The Agency & Search division has not fared as well, Northland notes, with changes to the Google algorithm affecting the search engine optimisation business.

On the economic front, UK industrial production for August is tipped to fall 0.5% afrer rising 2.9% in July. The year-on-year change, according to Charles Stanley's forecasts, will remain negative at -1.1%, versus -0.8% in July.


INTERIM DIVIDEND PAYMENT DATE
Abbey Protection, Bwin.party Digital Entertainment

QUARTERLY EX-DIVIDEND DATE
Marsh & Mclennan Cos Inc.

FINALS
CAP-XX Ltd., DotDigital Group, Utilitywise

IMSS
XP Power Ltd. (DI)

SPECIAL EX-DIVIDEND PAYMENT DATE
InterContinental Hotels Group

TRADING ANNOUNCEMENTS
May Gurney Integrated Services

UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BRC Sales Monitor (00:01)
Industrial Production (09:30)
Manufacturing Production (09:30)

FINAL DIVIDEND PAYMENT DATE
Colefax Group


JH

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