If London’s booming property market is anything to go by investors can expect good things from Foxtons tomorrow. The posh estate agent, known for its plush offices and fleet of minis, was one of last year’s biggest floats and shareholders will see how listed life has been treating it on Tuesday.
Numis expects a “robust set of maiden results”, estimating a pre-tax profit of £37.4m, up from £28.2m in 2012. That conservatively assumes flat prices and just a 5 per cent rise in sales. Shareholders will be hoping for a dividend, with Foxtons now trading at quite a premium to peers such as Countrywide.
Also on Tuesday we’ll hear from the insurer esure. Oriel reckons the Sheilas’ Wheels owner will deliver another solid set of numbers, with underwriting making up a bigger slice of earnings despite weak premiums.
Expect bad news from G4S on Wednesday. The scandal-hit outsourcer had a terrible 2013, with a ban on UK government work and two inquiries by the Serious Fraud Office. Profits will be hit, but investors are looking for a convincing turnaround strategy from the chief executive, Ashley Almanza, who joined in July.
On Thursday Trinity Mirror deliver its finals. The former HMV boss Simon Fox has been pushing digital strategy at the newspaper group with mini-sites such as Ampp3d and UsVsTh3m. The group recently announced it was shutting the revamped Sunday People website less than three months after launching, and Thursday’s results will be a chance to see how the others are faring.
Finally, on Friday, investors will raise a glass to JD Wetherspoon, which announces first-half numbers. Numis expects a pre-tax profit of £37m and thinks the pub group will stick to its full-year forecasts.Reuse content