The Week Ahead: Dairy Crest's cheesy ads win City friends

Today

What do cheese and pop stars have in common? Dairy Crest has had a habit of using singers to promote its brands. First there was Johnny Rotten's Country Life ads, now there is "up and coming" singer Ed Prosek singing Paul Simon's "Homeward Bound" in its Cathedral City telly ads.

The commercials are going down well, we are told. And so is the company's strategy. Now the group has flogged its French spreads brand St Hubert, analysts think it is in good shape. Its food business is doing rather well, in contrast to milk, which has been at the centre of the milk pricing scandal.

The Jefferies scribe Alex Howson rates the cheese to butter business a buy, ahead of its trading update today, and gives its shares a price target of 400p, up from 370p. He thinks its key food brands have maintained encouraging growth, but the milk business remains challenged. But he argues that there is "scope for management to restore Dairies profitability mid-term" and Mr Howson remains "positive" on the company. He expects profit before tax for the full year to come in at £49.1m.

Results/Updates: AG Barr, China Food Company, DDD Group, EKF Diagnostics, Lighthouse Group, Manganese Bronze, Michelmersh Brick Holdings, Personal Group, RGI International, VPhase, Finsbury Food, Petra Diamonds, Aberdeen Asset Management, QinetiQ.

Tomorrow

There is no indication how much money Daily Mail owner Daily Mail & General Trust makes from the most-visited newspaper website in the world: Mail Online. But despite this still unknown fact, scribes at Investec rate DMGT a buy, ahead of its pre-close trading update tomorrow. It has sold the US-based Evanta conference business for £58m, and earlier this year sold its Australian radio joint venture. Investec analysts think both the sales produced a good lot of cash to be re-invested. Investec's analyst Steve Liechti said: "Management continues to refocus the portfolio to concentrate on core growth and drive a higher ultimate rating" and he reiterated his share price target of 578p.

Results/Updates: Albemarle & Bond, Augean, Bond International Software, InternetQ, Judges Scientific, KBC Advanced Technologies, PhotonStar LED Group, Close Brothers, CVS, Hargreaves Services, Netcall, Regenersis.

Wednesday

Last month house repair and insurance group Homeserve got traders spooked that the Financial Services Authority was set to release the results of its investigation into the group. But the rumours were wide of the mark and there are still no signs of the FSA report ahead of Homeserve's trading update on Wednesday. Analysts at Liberum Capital think the update will be "unexciting" and "unlikely – although not impossible – that there will be any clarification from the FSA." But the bid speculation that emerged earlier this year could resurface. Liberum did not "rule out an eventual bid from private equity" but said that any potential bidder would need greater clarification on Homeserve's business going forward after the FSA report into mis-selling.

Results/Updates: ACTA, Dillistone, Domino's Pizza, IQE, HMV, Icap, London Stock Exchange, S&U, Scisys.

Thursday

Feeding canteen food to overseas miners, schoolchildren and the Army is still a pretty good business. Simon French at the broker Panmure Gordon said Compass Group offers "attractive investment qualities given its defensive, predominantly non-UK earnings". Panmure, which rates the stock a buy, raised its share price target for the company from 785p to 820p ahead of its trading update on Thursday. The pre-tax profit consensus for the group is £1.089bn.

Results/Updates: Fairpoint, Inditherm, Nationwide Accident Repair Services, SimiGon, Straight, WANdisco, Hansard Global, Indigovision, Pan African Resources, Euromoney Institutional Investor, Tate & Lyle, TUI Travel, Trinity Biotech.

Friday

Investors will be hoping there aren't any more own goals for five-a-side football operator Goals Soccer Centres on Friday. Shareholders did not approve the planned takeover by one of Canada's biggest pension funds, Ontario Teachers' Pension Plan, last month. Goals accepted a £73.1m bid, but then surprised the market by announcing that not enough independent shareholders passed the motion.

Goals, which operates 43 outdoor centres in the UK and one in the US, will update the market on its half-year results on Friday. It is also set for a windfall after winning an appeal against a tax ruling by HMRC earlier this month.

Results/Updates: Harvey Nash, Orchid Developments, Helphire, Electrocomponents, Hyder Consulting, Thomas Cook.

Economics Diary

Today German retail sales, import prices and business climate update.

Tomorrow BBA house purchase loans.

Wednesday CBI reported sales.

Thursday GDP (Q2 final revision); Current account (Q2); total business investment.

Friday GfK consumer confidence (September); Index of services.

Voices
voicesGood for Lana Del Rey for helping kill that myth, writes Grace Dent
News
The University of California study monitored the reaction of 36 dogs
sciencePets' range of emotions revealed
Life and Style
fashion Designs are part of feminist art project by a British student
Arts and Entertainment
The nomination of 'The Wake' by Paul Kingsnorth has caused a stir
books
PROMOTED VIDEO
Arts and Entertainment
The Tour de France peloton rides over a bridge on the Grinton Moor, Yorkshire, earlier this month
film
News
Snoop Dogg pictured at The Hollywood Reporter Nominees' Night in February, 2013
people... says Snoop Dogg
News
i100
Life and Style
food + drinkZebra meat is exotic and lean - but does it taste good?
Arts and Entertainment
Residents of Derby Road in Southampton oppose filming of Channel 4 documentary Immigration Street in their community
tv
Voices
voicesSiobhan Norton on why she eventually changed her mind
News
ebookA unique anthology of reporting and analysis of a crucial period of history
News
i100
Extras
indybest
Sport
Scottish singer Susan Boyle will perform at the Commonwealth Games opening ceremony in Glasgow
commonwealth games
Arts and Entertainment
Dwayne 'The Rock' Johnson stars in Hercules
filmReview: The Rock is a muscular Davy Crockett in this preposterous film, says Geoffrey Macnab
Life and Style
tech
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

PMO Analyst - London - Banking - £350 - £400

£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...

Cost Reporting-MI Packs-Edinburgh-Bank-£350/day

£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...

Insight Analyst – Permanent – Up to £40k – North London

£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...

Test Lead - London - Investment Banking

£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...

Day In a Page

Noel Fielding's 'Luxury Comedy': A land of the outright bizarre

Noel Fielding's 'Luxury Comedy'

A land of the outright bizarre
What are the worst 'Word Crimes'?

What are the worst 'Word Crimes'?

‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do The Independent’s experts think he’s missed out?
Can Secret Cinema sell 80,000 'Back to the Future' tickets?

The worst kept secret in cinema

A cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Facebook: The new hatched, matched and dispatched

The new hatched, matched and dispatched

Family events used to be marked in the personal columns. But now Facebook has usurped the ‘Births, Deaths and Marriages’ announcements
Why do we have blood types?

Are you my type?

All of us have one but probably never wondered why. Yet even now, a century after blood types were discovered, it’s a matter of debate what they’re for
Honesty box hotels: You decide how much you pay

Honesty box hotels

Five hotels in Paris now allow guests to pay only what they think their stay was worth. It seems fraught with financial risk, but the honesty policy has its benefit
Commonwealth Games 2014: Why weight of pressure rests easy on Michael Jamieson’s shoulders

Michael Jamieson: Why weight of pressure rests easy on his shoulders

The Scottish swimmer is ready for ‘the biggest race of my life’ at the Commonwealth Games
Some are reformed drug addicts. Some are single mums. All are on benefits. But now these so-called 'scroungers’ are fighting back

The 'scroungers’ fight back

The welfare claimants battling to alter stereotypes
Amazing video shows Nasa 'flame extinguishment experiment' in action

Fireballs in space

Amazing video shows Nasa's 'flame extinguishment experiment' in action
A Bible for billionaires

A Bible for billionaires

Find out why America's richest men are reading John Brookes
Paranoid parenting is on the rise - and our children are suffering because of it

Paranoid parenting is on the rise

And our children are suffering because of it
For sale: Island where the Magna Carta was sealed

Magna Carta Island goes on sale

Yours for a cool £4m
Phone hacking scandal special report: The slide into crime at the 'News of the World'

The hacker's tale: the slide into crime at the 'News of the World'

Glenn Mulcaire was jailed for six months for intercepting phone messages. James Hanning tells his story in a new book. This is an extract
We flinch, but there are degrees of paedophilia

We flinch, but there are degrees of paedophilia

Child abusers are not all the same, yet the idea of treating them differently in relation to the severity of their crimes has somehow become controversial
The truth about conspiracy theories is that some require considering

The truth about conspiracy theories is that some require considering

For instance, did Isis kill the Israeli teenagers to trigger a war, asks Patrick Cockburn