The Week Ahead: After Morrisons’ disastrous results, investors will be watching Sainsbury’s closely

 

George Osborne’s fifth budget on Wednesday will dominate financial news this week, but there’s also a strong crop of companies reporting.

The first big numbers come from Sainsbury tomorrow, in the form of fourth-quarter trading figures. After Morrisons’ disastrous results last week, investors will be watching Sainsbury’s closely to see if Morrisons was a straggler or an indication of broader supermarket health.

Jefferies is expecting a 2.5 per cent fall in Sainsbury’s sales and warns that it is most vulnerable to competition from discounters such as Aldi and Lidl.

Spirit Pub Company serves up its first half trading numbers on Tuesday. Last time we heard from the pub group it reported strong Christmas trading and Numis is predicting more good news, pointing to a 4.3 per cent rise in sales in the first 20 weeks of the period.

Chilean-based copper miner Antofagasta will also deliver its full-year report tomorrow. Investec predicts earnings before exceptional costs of $2.7bn (£1.6bn).

The Aim-listed fashion retailer Asos will update investors on trading tomorrow. Sheridan Admans at The Share Centre highlights US sales figures and news on expansion in China and Russia as the key things to look out for.

Wednesday sees second-quarter figures from the engineer Smiths Group. Shareholders will be looking to see if divisions such as defence and healthcare have been hit by government cuts and hoping for more news on the sale of its medical devices business.

The retail goliath Next will lift the lid on how it’s been trading in the past three months on Thursday. Merrill Lynch expects good news, predicting pre-tax profit above consensus thanks to online strength and benefits from the recovering housing market.

The advertising group M&C Saatchi’s full-year figures come out on Thursday. The house broker, Numis, is bullish, predicting a pre-tax profit of £18.5m.

The up-market estate agent Savills and stylish high-street regular Ted Baker will both deliver preliminary numbers on Thursday.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

SThree: Talent Acquisition Consultant

£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...

Day In a Page

John Palmer: 'Goldfinger' of British crime was murdered, say police

Murder of the Brink’s-MAT mastermind

'Goldfinger' of British crime's life ended in a blaze of bullets, say police
Forget little green men - aliens will look like humans, says Cambridge University evolution expert

Forget little green men

Leading evolutionary biologist says aliens will look like humans
The Real Stories of Migrant Britain: An Algerian scientist adjusts to life working in a kebab shop

The Real Stories of Migrant Britain

An Algerian scientist struggles to adjust to her new life working in a Scottish kebab shop
Bodyworlds museum: Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy

Dying dream of Doctor Death

Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy
UK heatwave: Temperature reaches 39.8 degrees on Central Line - the sweatiest place in London

39.8 degrees recorded on Tube

There's hot (London) and too damn hot (the Underground). Simon Usborne braved the Central line to discover what its passengers suffer
Kitchens go hi-tech: From robot chefs to recipe-shopping apps, computerised cooking is coming

Computerised cooking is coming

From apps that automatically make shopping lists from your recipe books to smart ovens and robot chefs, Kevin Maney rounds up innovations to make your mouth water
Jessie Cave interview: The Harry Potter star has published a feminist collection of cartoons

Jessie Cave's feminist cartoons

The Harry Potter star tells Alice Jones how a one-night stand changed her life
Football Beyond Borders: Even the most distruptive pupils score at homework club

Education: Football Beyond Borders

Add football to an after-school homework club, and even the naughtiest boys can score
10 best barbecue books

Fire up the barbie: 10 best barbecue books

We've got Bibles to get you grilling and smoking like a true south American pro
Wimbledon 2015: Nick Bollettieri - Junk balls and chop and slice are only way 5ft 1in Kurumi Nara can live with Petra Kvitova’s power

Nick Bollettieri's Wimbledon Files

Junk balls and chop and slice are only way 5ft 1in Kurumi Nara can live with Petra Kvitova’s power
Ron Dennis exclusive: ‘This is one of the best McLaren teams ever – we are going to do it’

‘This is one of the best McLaren teams ever – we are going to do it’

Ron Dennis shrugs off a poor start to the season in an exclusive interview, and says the glory days will come back
Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most