The week ahead: Analysts expecting better by Informa

 

Today

Publishers–turned-events specialists will be in focus this week with Informa today and UBM tomorrow. Informa hasn’t had a great year and its healthcare business and events arm both underperformed.

Analysts at Peel Hunt think it might now be back on track and they predict its larger-scale events such as Cityscape Global “have been booking well”. Peel Hunt’s experts note that at the half-year stage, the group said it was trading “in line” with expectations and its outgoing chief executive also suggested that “cautious optimism over underperforming operations is now justified” so Peel thinks the update will not be amazing but shouldn’t lead to downgrades. Panmure Gordon’s analysts even think its management change will “ignite bid speculation”. Peel isn’t much keener on UBM which is searching for a new boss when David Levin leaves next year.   Results/Updates: Informa, Senior.

Tomorrow

Those clever techies who design the microchips in your smartphones will be in the spotlight tomorrow. Cambridge-based ARM Holdings will report its third-quarter update and analysts at Liberum Capital expect it good licensing growth but slowing royalties. Liberum predicts demand overall to have slowed so its royalty outlook will be hit by this “slowing device demand amidst a shift to the low-end, as well as gradual market share losses to Intel”. Liberum admits ARM is in an extremely strong position in the “post-PC world” this is already priced into the stock. It thinks rival Intel will gradually take about a 15-20 per cent share in both the smartphone and tablet markets which is also likely to affect ARM’s royalty progression.

Results/Updates: ARM Holdings, BHP Billiton, BP Marsh & Partners, Epistem, Eurasia Drilling Company, GKN, Petropavlovsk, Reckitt Benckiser, Spirit Pub Company, UBM, Whitbread.

Wednesday

Fashion group ASOS, a favourite with the likes of Hollywood star Sandra Bullock (pictured) will reveal another set of stomping numbers at its fourth-quarter results midweek. At its update in mid-September it reported strong sales growth. Andrew Wade at Numis, one of its house brokers, expects full-year, pre-tax profit of £53.6m and also hopes the group will update on strategy and Chinese expansion. Analysts at HSBC rate it overweight and last week hiked their target price to 7,160p – a huge jump from their previous 4,380p – ahead of Wednesday’s update.

Results/Updates: ASOS, British American Tobacco, Computacenter, GlaxoSmithKline, International Personal Finance, Laird, Home Retail Group, Mecom, Sports Direct International.

Thursday

Debenhams has not had a good year so far, and Peel Hunt points out that “the company mishandled a number of investor communications, including failing to disclose a material prior-year pensions credit, which had boosted reported earnings”. But its full-year results on Thursday are expected to reveal pre-tax profit of £153m. The group has already said comparable sales growth came in at 2 per cent for the full year and margins were flat. The City wants to know more on the investments in stores, product, online and international. Numis is negative on the stock because of “the declining UK profitability” of the business.

Results/Updates: Avacta Group, AZ Electronics, Bloomsbury Publishing, Debenhams, Ensco, Go Ahead, ICON, Inchcape, International Ferro Metals, Kazakhhmys, Segro, Shire, St James’s Place, Stobart Group, Tracsis, Unilever.

Friday

By the end of the week it is time for the namesake of a volcano to step up and issue its third-quarter trading update. Vesuvius – once Cookson before it was split into two last year and the chemicals-focused part became Alent – is unlikely to cause investors to erupt. Although analysts at Numis said the steel industry has weakened which has hit the group. Vesuvius makes everything from pipes to valves for steel mills and foundries but there are pockets of the business that are still performing well such as truck production. Investec thinks the outlook for its markets shows there are “conflicting signals and little visibility”. While Scott Cagehin at Numis said: “Overall, market background would suggest the company should be on track to meet full-year guidance or even a touch ahead driven by higher foundry volumes.”

Results/Updates: APR Energy, Phoenix Group, SVG Capital, Vesuvius.

Economics Diary

Today

Rightmove house price data.

Tomorrow

Public sector borrowing figures, US non-farm payroll and unemployment rate.

Wednesday

Bank of England Monetary Policy  Committee minutes, British Bankers’  Association house purchase loans data.

Thursday

Confederation of British Industry – trends data for total orders and selling prices and business optimism data, US weekly jobless claims, US new homes sales.

Friday

Third-quarter GDP figures, index of services, US durable goods orders, US consumer sentiment index.

PROMOTED VIDEO
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Sport
Luis Suarez looks towards the crowd during the 2-1 victory over England
sport
Life and Style
Cheesecake frozen yoghurt by Constance and Mathilde Lorenzi
food + drinkThink outside the cool box for this summer’s frozen treats
News
John Barrowman kisses his male “bride” at a mock Gretna Green during the Commonwealth Games opening ceremony
peopleBarrowman's opening ceremony message to Commonwealth countries where he would be sent to prison for being gay
Sport
Sir Bradley Wiggins removes his silver medal after the podium ceremony for the men’s 4,000m team pursuit in Glasgow yesterday
Commonwealth games Disappointment for Sir Bradley in team pursuit final as England are forced to settle for silver
Sport
Alistair Brownlee (right) celebrates with his gold medal after winning the men’s triathlon alongside brother Jonny (left), who got silver
England's Jodie Stimpson won the women’s triathlon in the morning
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

Trade Desk Specialist (Linux, Windows, FIX, Finance, Networks)

£60000 per annum: Harrington Starr: Trade Desk Specialist (Linux, Windows, FIX...

Associate CXL Consultant

£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...

Project Manager - ETRM/CTRM

£70000 - £90000 per annum + Job Satisfaction: Harrington Starr: Project Manage...

C#.NET Developer

£300 - £350 per day: Harrington Starr: C#.NET Developer C#, WPF,BLL,MVVM, SOA...

Day In a Page

Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform