The Week Ahead: Intertek a winner in horse-meat stakes

Have you backed one of the winners following the horse-meat scandal? Beneficiaries include local butchers and vegetarian brand Quorn. But if you have shares in a certain safety inspector you are onto a good thing too. Intertek has been able to boast about its "state-of –the-art lab facilities" that are staffed by "world-class experts". Checking for equine DNA makes a change from tests on children's pyjamas or fire doors. Food testing is only 2 per cent of the business, but WH Ireland's analysts reckon the "horse-meat scandal is an example of the intense public concern about product integrity" which is helping Intertek perform so well. Today Intertek updates shareholders on its full-year results. Analysts at Berenberg Bank reckon it will report strong, organic growth with earnings of £335m – up 19 per cent on the previous year. They also predict an upbeat view about the "state of the industry and the structural drivers powering its growth".

Results/Updates: Advanced Computer Software, Amlin, British Polythene Industries, CLS, City of London Investment, FBD, Foreign & Colonial, Intertek, HSBC, Keller, Sagentia, Ultra Electronics.


Last week, the world's largest commodity trader confirmed its appetite for iron ore when it started stake building in Brazilian producer Ferrous. Tomorrow Glencore will report its full-year results. The long-awaited, $80bn (£53bn) merger with Xstrata will complete by 15 March. Liberum Capital's scribblers said they continue to favour it "given their sector-leading cash-flow generation and upside potential from cost synergies and … streamlining".

Results/Updates: Abcam, Ashtead, Breedon Aggregates, Cupid, Glencore, Johnson Service Group, Meggitt, Michael Page,, John Menzies, Jardine Lloyd Thompson, Pace, Paddy Power, PPHE Hotel, Regus, Rotork, Serco, Standard Chartered, Wood Group, Xstrata, 4imprint.


Insurers are in focus for the next few days. Admiral will report its final results on Wednesday while Aviva's come on Thursday. The share price of insurers was hit last month when RSA Insurance announced it would slash its dividend. Its shares fell more than 13 per cent and temporarily dragged Aviva down with it. Some analysts had expected good news for the insurance industry this year but Investec's Kevin Ryan said: "We do not buy the idea that a ban on legal referral fees will lower claims costs. Claims costs move upwards continually, it is an immutable law of insurance." Mr Ryan expects Admiral's 2012 results to be in line with expectations. He rates the stock a sell with a 582p price target.

Results/Updates: Admiral, Belgravium Technologies, Cape, Chime Communications, Costain, Dignity, International Personal Finance, easyJet, Legal & General, James Fisher, Lookers, Management Consulting Group, Melrose Industries, Ophir Energy, Sportech, Tarsus, Unite.


A batch of popular new films are likely to have helped cinema operator Cineworld. Les Miserables, Django Unchained and children's film Wreck-it Ralph are thought to have boosted the UK box office. Canaccord Genuity's Wayne Brown rates Cineworld a buy ahead of its results on Thursday with a 350p price target for the shares. He estimates earnings will come in at £65.4m. He admits that while the preliminary results "will not contain much by the way of new information, all eyes will be on current trading" which is predicted to be good.

Results/Updates: Aggreko, Aviva, Avocet Mining, Balfour Beatty, Betfair,Cineworld, Clarkson, Cobham, DS Smith, Communisis, Futura Medical, Grafton, Hardy Oil & Gas, H&T, Hunting, IMI, Nichols, Novae, Petropavlovsk, Schroders, SIG, Spirax-Sarco, Standard Life..


Numis' Andrew Wade, advisor to AGA, thinks the groups' pension-deficit problem is still a major factor in determining equity value. He has put his rating under review ahead of the final results on Friday. But he thinks next year could be warming up for the group as it makes "further bottom line progress".

Results/Updates: AGA Rangemaster, Headlam, Marshalls, SThree.

Economics Diary


Hometrack housing survey; Lloyds busness barometer; purchasing managers' index – construction.


British Retail Consortium February sales; purchasing managers' index – services.


British Retail Consortium shop price index; new car registrations.


Bank of England's MPC interest rate announcement; asset purchase target; ECB press conference; US bank stress-test results.


UK 30-year bond auction; consumer inflation expectations; US non-farm employment change and unemployment rate.

ebooksAn unforgettable anthology of contemporary reportage
Life and Style
Britons buy more than 30 million handsets each year, keeping them for an average of 18 months
Arts and Entertainment
Alloysious Massaquoi, 'G' Hastings and Kayus Bankole of Young Fathers are the surprise winners of this year's Mercury Music Prize
musicThe surprise winners of the Mercury Prize – and a very brief acceptance speech
Arts and Entertainment
TV Presenters Ant McPartlin and Dec Donnelly. Winners of the 'Entertainment Programme' award for 'Ant and Dec's Saturday Night Takeaway'
musicAnt and Dec confirmed as hosts of next year's Brit Awards
Arts and Entertainment
Orson Welles made Citizen Kane at 25, and battled with Hollywood film studios thereafter
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

Finance Assistant - Part time - 9 month FTC

£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...

Marketing Manager

£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...

Market Risk Manager - Investment Banking - Mandarin Speaker

£45,000 - £65,000: Saxton Leigh: Our client is a well-known APAC Corporate and...

Compensation and Benefits Manager - Brentwood - Circa £60,000

£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...

Day In a Page

Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

A Syrian general speaks

A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

Fall of the Berlin Wall

History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
How to turn your mobile phone into easy money

Turn your mobile phone into easy money

There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes
Independent writers remember their Saturday jobs:

Independent writers remember their Saturday jobs

"I have never regarded anything I have done in "the media" as a proper job"
Lyricist Richard Thomas shares his 11-step recipe for creating a hit West End musical

11-step recipe for creating a West End hit

Richard Thomas, the lyricist behind the Jerry Springer and Anna Nicole Smith operas, explains how Bob Dylan, 'Breaking Bad' and even Noam Chomsky inspired his songbook for the new musical 'Made in Dagenham'
Tonke Dragt's The Letter for the King has finally been translated into English ... 50 years on

Buried treasure: The Letter for the King

The coming-of-age tale about a boy and his mission to save a mythical kingdom has sold a million copies since it was written by an eccentric Dutchwoman in 1962. Yet until last year, no one had read it in English
Can instilling a sense of entrepreneurship in pupils have a positive effect on their learning?

The school that means business

Richard Garner heads to Lancashire, where developing the 'dragons' of the future is also helping one community academy to achieve its educational goals
10 best tablets

The world in your pocket: 10 best tablets

They’re thin, they’re light, you can use them for work on the move or keeping entertained
Lutz Pfannenstiel: The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents

Lutz Pfannenstiel interview

The goalkeeper who gave up Bayern Munich for the Crazy Gang, Bradford and a whirlwind trawl across continents
Pete Jenson: Popular Jürgen Klopp can reignite Borussia Dortmund’s season with visit to Bayern Munich

Pete Jenson's a Different League

Popular Klopp can reignite Dortmund’s season with visit to Bayern
John Cantlie video proves that Isis expects victory in Kobani

Cantlie video proves that Isis expects victory in Kobani

The use of the British hostage demonstrates once again the militants' skill and originality in conducting a propaganda war, says Patrick Cockburn
The killer instinct: The man who helps students spot potential murderers

The killer instinct

Phil Chalmers travels the US warning students how to spot possible future murderers, but can his contentious methods really stop the bloodshed?
Clothing the gap: A new exhibition celebrates women who stood apart from the fashion herd

Clothing the gap

A new exhibition celebrates women who stood apart from the fashion herd
Fall of the Berlin Wall: Goodbye to all that - the lost world beyond the Iron Curtain

The Fall of the Berlin Wall

Goodbye to all that - the lost world beyond the Iron Curtain