The Week Ahead: Investors have liked Barclays’ cost-cutting plans and its dividend yield

 

The banks backlash continues as bonus payouts and the sheer amount of money being set aside for PPI mis-selling claims appears to be endless.

Tomorrow is Barclays’ turn to face the City.

The big issues for investors were its capital requirements and regulatory pressure.

There was an easing in the amount needed for banks to hold on their balance sheets last year, although Barclays still performed a rights issue.

Analysts at Deutsche Bank expect its fourth-quarter results to show a £862m adjusted pre-tax profit and investors have liked its planned cost cutting, the deleveraging of its balance sheet and its good dividend yield. Deutsche rates it a buy.

On Wednesday the focus will be on consumer goods giant Reckitt Benckiser. Analysts at Credit Suisse argue the interest in the group has been too focused on its pharmaceuticals and drugs arm rather than the rest of its consumer goods divisions.

Ahead of its 2013 results they raised their rating to outperform while Panmure Gordon expects sales to be up 5 per cent on a comparable basis “driven by strong growth in its health & hygiene brands” which account for around 70 per cent of sales. The shares have also been in favour recently on the back of M&A rumours as traders hoped it may bid for US-based Merck’s consumer care division and sell off its drugs arm. But Liberum Capital expects it to miss consensus estimates and has rated it a sell.

First-half figures from pawnbroker Albemarle & Bond are due midweek. The group abandoned plans to sell itself recently and the share price is down 90 per cent on a year ago.

On Thursday when Lloyds Banking Group issues its 2013 results. After a fourth-quarter £1.8bn PPI charge it will report a fourth consecutive year of negative earnings. Investec’s banks expert Ian Gordon said Lloyds is now his “fourth-favourite UK bank”. It forecasts pre-tax profit of £6.2bn.

Also on Thursday is Primark-to-sugar business Associated British Foods’ trading update. Worries about sugar pricing have weighed on the group. Although Primark’s sales are still booming this might not make up for the problems elsewhere.

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
News
A poster by Durham Constabulary
news
Sport
Cameron Jerome
footballCanaries beat Boro to gain promotion to the Premier League
Arts and Entertainment
Performers drink tea at the Glastonbury festival in 2010
music
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