The Week Ahead: Make or break for Euronext in Stock Exchange bidding war

One broadcast that won't be short of an audience this week will be BSkyB's first-quarter results on Friday. Traditionally, attention is focused on increases in the satellite broadcaster's subscriber base, but this time it will be on the decision to shell out £211m on broadband supplier Easynet, and the £1bn raised recently from a bond issue.

Analysts are therefore keen to hear the broadcaster flesh out its future strategy, especially for Easynet, which should enable BSkyB to offer better video-on-demand services. On the same day, BSkyB faces a shareholder revolt at its AGM over plans to buy in up to 5 per cent of its shares. Investors worry that this will increase the influence of 37 per cent shareholder News Corporation, which is run by Rupert Murdoch, father of BSkyB's chief executive, James.

Another company investing heavily is BAA, now two-thirds of the way through construction of the new £4.2bn terminal at Heathrow. Though strike action on the site looms for the new year, analysts will hear that work is ahead of schedule and on budget when the airports operator reports half-year results this week. BAA's financial performance is expected to be strong and analysts will want to see if revenues hit the upper edge of the £402m to £421m range of forecasts, despite disruption from the Gate Gourmet dispute and July's London bombings. BAA is also expected to report that its retail outlets are outperforming the high street by at least 1 per cent.

Still in transport, the City will also be watching to see just how badly the Gate Gourmet dispute affects the second-quarter results of British Airways. The cost to the airline is thought to amount to around £40m, but the City will be looking to see if that masks underlying gains. High oil prices are expected to hit revenues, too, but analysts say the airline should also report that passenger numbers have grown robustly.

Analysts expect more bad news from retail as it enters the run-up to the crucial Christmas trading period. Shares in Clinton Cards fell dramatically earlier this year when the company revealed it expected profits to fall by twice as much as forecast and there is little optimism for the company's interims. There are similar sentiments for Matalan, which has also had a difficult six months, revealing in August that sales had slid as consumers cut back on spending.

Consumer appetite for mobile phones does not appear diminished, however, and the City expects half-year results from Carphone Warehouse to be well ahead of forecasts. Indeed, profits could be as much as 35 per cent more than last year.

Still on consumer goods, Unilever, the maker of Dove soap, Lynx spray and Wall's ice cream, is expected to provide the City with a hint of good news as cost savings help to produce some growth in earnings. "The European consumer market remains depressed, although this should be more than countered by Unilever's significant exposure to fast-growing developing markets," said one analyst.

On a sour note, Tate & Lyle, publishing interims this week, has warned that profits from its sugar refineries may be down this year, but analysts will want to see how concern about obesity has improved the sales of T&L's calorie-free sweetener Sucralose.

From food to cigarettes ,and analysts expect Imperial Tobacco's full-year results to be in line with forecasts, and possibly improved on last year's growth of 7 per cent after a campaign of cutting costs.

A solid performance is anticipated from ICI, which is expected to report in third-quarter figures that paints have sold well. Analysts say, however, that they only expect significant improvements in the company's business once the oil price falls, and that isn't likely until the next financial year.

Across the Atlantic, analysts will be watching for the latest interest rate decision from the Federal Reserve. Interest in the media industry will be maintained by Time Warner after it was reported that the company is discussing the possibility of working more closely with either Microsoft or Google. The news prompted a rally in the stock, which had been falling since September. Analysts will look for further news when the media giant presents results this week.

In Germany, both Hugo Boss and Volkswagen are among the companies posting third-quarter figures but it's likely to be Adidas - in the process of taking over Reebok - and Puma giving reasons for cheer. Adidas reported second-quarter profits surging ahead in August, raising expectations that this week's third quarter would be equally good. Good things are also expected of Puma, which revised its annual growth figures up to 10 per cent in July on the back of half-year figures that also beat forecasts.


Tomorrow 31

UK RESULTS: (final) Lok'nStore Group, Net b2b2; (interim) Clinton Cards, London & Boston Investments; (3Q) Bede

Tuesday 1

UK RESULTS: (F) Dickinson Legg Group, Imperial Tobacco; (I) BAA, Matalan, TTP Communications; (1Q) Surfcontrol

Wednesday 2

UK RESULTS: Armour Group, Phytopharm; (I) Theo Fennell

Thursday 3

UK RESULTS: (F) McCarthy & Stone; (I) Alliance Pharma, Carphone Warehouse, Danka Business Systems, London Stock Exchange, Pilkington, Shanks Group, Tate & Lyle; (3Q) Millennium & Copthorne, ICI, International Power, Shire Pharmaceuticals, Unilever

Friday 4

UK RESULTS: (I) (Q1) BSkyB; (Q2) British Airways

Start your day with The Independent, sign up for daily news emails
Kim Wilde began gardening in the 1990s when she moved to the countryside
peopleThe singer is leading an appeal for the charity Thrive, which uses the therapy of horticulture
Alexis Sanchez celebrates scoring a second for Arsenal against Reading
Life and Style
An easy-peel potato; Dave Hax has come up with an ingenious method in food preparation
voicesDave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Japan's population is projected to fall dramatically in the next 50 years (Wikimedia)
ebooksA special investigation by Andy McSmith
  • Get to the point
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

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...

Ashdown Group: IT Manager / Development Manager - NW London - £58k + 15% bonus

£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...

Recruitment Genius: Sales Consultant / Telemarketer - OTE £20,000

£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...

Ashdown Group: Training Programme Manager - City, London

£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...

Day In a Page

NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own