The Week Ahead: Catlin strengthened by dearth of disasters

Today

Last year was tough for the Lloyd's of London insurers as a run of natural disasters resulted in catastrophe claims reaching a record high. Thankfully for the sector, 2012 has been somewhat quieter so far – good news for Catlin, which kicks off the week with its half-year figures.

However, although he says the group will have benefited, Numis Securities' Nick Johnson does point out that it is less exposed to catastrophe risk that some of its rivals. The analyst also adds it will have been hit by such events as the recent drought and wildfires in the US, although he says he is still expecting "a strong first-half result".

Results/Updates: Catlin, easyJet, Morgan Sindall, Share and Telecity.

Tomorrow

Will investors be persuaded to check into InterContinental by the hotel giant's interim results on Tuesday? The company should reveal a 5.2 per cent increase in its revenue per available room, according to JP Morgan Cazenove's predictions, with analysts from the broker expecting a lack of growth in Europe to be countered by a 10.6 per cent jump in greater China.

There could also be further comments from bosses on the Office of Fair Trading's accusation last week that deals struck by InterContinental with the online travel agents Booking.com and Expedia are against UK competition law.

Results/Updates: BBA Aviation, Bellway, Greggs, InterContinental Hotels, Legal & General, Meggitt, Mondi, Playtech, Premier Food, T Clarke, Xstrata and Zotefoams.

Wednesday

After fellow heavyweight miner Anglo American missed forecasts with its results last month thanks to rising costs and falling prices, the same issues will be in focus when Rio Tinto announces its first-half numbers on Wednesday.

RBC Capital Market's Des Kilalea points out that the digger's huge exposure to iron ore means it will have been hit by the sharp drop in the commodity's price. Meanwhile, the analyst will also be looking for comments about whether Rio will make any cuts to its capital expenditure plans and the level of cost inflation it has suffered from.

Results/Updates: Aquarius Platinum, Cobham, Expansys, Old Mutual, Rio Tinto and Yamana Gold.

Thursday

Following recent reports claiming it has received a number of approaches for its US division, Aviva's attempts to slim down by exiting 16 of its units should continue to be at the forefront of investors' minds on Thursday when the insurer announces its interim results.

The group has already managed to sell half of its shares in Dutch peer Delta Lloyd, and Investec's Kevin Ryan notes there could be news "as to the likely timing of the next stage of the non-core business disposal programme". In terms of the numbers, the analyst predicts that the severe weather conditions in the UK will have seen Aviva's general insurance profits drop 5 per cent, while he also expects its interim dividend to be kept steady.

Although the final three months of the year is when Tui Travel makes most of its money, Numis Securities' Wyn Ellis believes Thursday's third-quarter trading update will be "important for setting the scene".

The rainy summer in the UK should have helped the tour operator with last-minute bookings, he says, adding that although the Olympics may have caused some disruption, "we do not expect the impact to be significant."

Results/Updates: AMEC, Aviva, Bumi, Enterprise Inns, Hill & Smith, Grainger, Psion, Randgold Resources, Savills and TUI Travel.

Friday

The end of the week sees Prudential release its half-year results, and JP Morgan Cazenove's Ashik Musaddi says he will be focusing on news from the insurance giant's US operations.

Pointing out that there was a £320m dividend paid from that side of the business to the main company in the first half of the last financial year, the scribbler is not confident about a repeat, saying a payment this time "would be a stretch" for Prudential.

Results/Updates: Essar Energy, Flybe, Prudential, SVG Capital and UK Coal.

Economics Diary

Today Eurozone Sentix investor confidence data.

Tomorrow British Retail Consortium retail sales monitor; Industrial production; Manufacturing production; National Institute of Economic and Social Research GDP estimate; US consumer credit data.

Wednesday Bank of England inflation report; US 10-year bond auction; US crude oil inventories; US preliminary nonfarm productivity data; US preliminary unit labour costs.

Thursday European Central Bank monthly bulletin; Trade balance; US 30-year bond auction; US natural gas storage report; US trade balance; US unemployment claims; US wholesale inventories.

Friday Producer price index; US import price index; US monthly budget statement; US Treasury International Capital long-term purchases.

Start your day with The Independent, sign up for daily news emails
Life and Style
Steve Shaw shows Kate how to get wet behind the ears and how to align her neck
healthSteven Shaw - the 'Buddha of Breaststroke' - applies Alexander Technique to the watery sport
Arts and Entertainment
The sight of a bucking bronco in the shape of a pink penis was too much for Hollywood actor and gay rights supporter Martin Sheen, prompting him to boycott a scene in the TV series Grace and Frankie
tv
Sport
footballShirt then goes on sale on Gumtree
Voices
Terry Sue-Patt as Benny in the BBC children’s soap ‘Grange Hill’
voicesGrace Dent on Grange Hill and Terry Sue-Patt
Arts and Entertainment
Performers drink tea at the Glastonbury festival in 2010
music
Arts and Entertainment
Twin Peaks stars Joan Chen, Michael Ontkean, Kyle Maclachlan and Piper Laurie
tvName confirmed for third series
Sport
Cameron Jerome
footballCanaries beat Boro to gain promotion to the Premier League
Arts and Entertainment
art
News
ebookA unique anthology of reporting and analysis of a crucial period of history
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

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Neil Pavier: Management Accountant

£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...

Sheridan Maine: Commercial Accountant

£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...

Laura Norton: Project Accountant

£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...

Day In a Page

Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine