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


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.


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.


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.


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.


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.

John Travolta is a qualified airline captain and employed the pilot with his company, Alto
people'That was the lowest I’d ever felt'
Life and Style
healthIt isn’t greasy. It doesn’t smell. And moreover, it costs nothing

Other places that have held independence referendums
Arts and Entertainment
Pharrell dismissed the controversy surrounding
musicThe singer said 'the last thing I want to do is degrade'

Arts and Entertainment
Blossoming love: Colin Firth as Stanley and Emma Stone as Sophie, in 'Magic in the Moonlight'

Actors star in Woody Allen's 'Magic in the Moonlight'

A male driver reverses his Vauxhall Astra from a tow truck
newsThe 'extremely dangerous' attempt to avoid being impounded has been heavily criticised
peopleThe Times of India said actress should treat it as a 'compliment'
Arts and Entertainment
Jack Huston is the new Ben-Hur

It scooped up an unprecedented 11 Academy Awards when it was first remade in 1959


Watch this commuter wage a one-man war against the Circle Line
ebooksAn unforgettable anthology of contemporary reportage
Home body: Badger stays safe indoors
lifeShould we feel guilty about keeping cats inside?
Life and Style

Olympic diver has made his modelling debut for Adidas

Arts and Entertainment
Toby Jones (left) and Mackenzie Crook in BBC4’s new comedy The Detectorists
tvMackenzie Crook's 'Detectorists' makes the hobby look 'dysfunctional', they say
Arts and Entertainment
Maxine Peake plays Hamlet at Manchester's Royal Exchange
theatreReview: Maxine Peake brings emotional ferocity to Shakespeare's starring part
10 best table lamps
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

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

iJobs Job Widget
iJobs Money & Business

Trainee Recruitment Consultant Birmingham

£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Recruitment Consultant - Soho - IT, Pharma, Public Sector

£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...

Sales Executive

£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week