The Week Ahead: Quadrise shares on course for new leap
Monday 07 October 2013
Investors turned detectives last month when an unexplained leap in alternative fuel producer Quadrise Fuels could not be explained by management. The group, which supplies fuel to global shipping, refining and steam and power generation markets, has been winning new contracts and recently signed a deal with Mærsk to supply it with fuel oil. Its results today could be another reason for the share price to rise.
Pork producer Cranswick is expected by analysts at Numis to report a strong second quarter. It is expected to include a period when it “enjoyed its highest sales of sausages” outside of Christmas, and Numis expects comparable sales in double digits.
Results/Updates: Cranswick, Quadrise Fuels, Waterman.
Hiring and firing has been a difficult business during the financial crisis but in recent months recruiter Robert Walters has outperformed peers. Numis says: “The staffing debate is now turning towards recovery. While the timing and economic path is likely to remain uncertain, we believe that the investment made throughout the downturn in new offices will reap the rewards as end markets start to recover.” Numis forecasts comparable fee growth of 5 per cent. Shares have been the best-performing staffing major over the past three months, outperforming the wider market by 37 per cent, but Numis says it “remains a strong recovery play in the sector”.
Results/Updates: EKF Diagnostics, Ferrexpo, Robert Walters, Victrex.
Angela Spindler will preside over her first presentation as chief executive of home shopping group N Brown on Wednesday. Peel Hunt thinks there are a “number of compelling medium-term opportunities” such as international growth, new stores and a revamp of catalogue firm JD Williams. The Figleaves lingerie website owner is forecast to report half-year profit of £45.5m, up 8.3 per cent year on year. Numis expects “continued positive trading through the remainder of the period” and forecasts pre-tax profit of £46.5m. Analysts expect Spindler to give more detail on expanding its womenswear range, new UK stores, growth in the US and how she will grow the group to entice new, younger customers.
Results/Updates: N Brown, Centamin, Greggs, HG Capital, Marston’s, Vedanta Resources, Scapa.
Stationer and chocolate bar retailer WH Smith will release its full-year results on Thursday – the first since former chief executive Kate Swann departed. New chief Steve Clarke is not expected to the rock the boat with any big changes. Cost-cutting and share buybacks are still on the agenda. Analysts at Barclays expect earnings per share growth of 12 per cent and say any sales declines will be offset by gross margin improvements.
Results/Updates: Air Partner, Ashmore, Hays, WH Smith, Immunodiagnostics Systems.
Investors hope RWS’s year-end update won’t be lost in translation on Friday. The translation specialist last month bought Inovia, which sees the group take on additional work. Numis analysts, who are concerned that currency fluctuations confuse the figures of the business, admit near-term trading is hedged at attractive rates. They think the business has a “very strong and defensible market position” as well as opportunities to gain market share. They expect growth in excess of 10 per cent.
Results/Updates: XP Power, RWS Holdings.
EU final GDP, US consumer credit.
British Retail Consortium sales monitor, Royal Institution of Chartered Surveyors’ house price balance, US economic optimism.
UK British Retail Consortium shop price index, industrial production data, manufacturing output figures, trade figures, National Institution of Economic & Social Research GDP estimate.
Bank of England asset purchase target, base rate announcement, European Central Bank monthly bulletin, Federal Budget Balance.
Construction output, CB Leading Index, US retail sales and consumer sentiment data.
- 1 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 2 Nick Kyrgios calls former Olympian Dawn Fraser a 'blatant racist' after she tells Wimbledon star to 'go back where their parents came from'
- 3 World learns of app that shows you who unfriended you on Facebook, app promptly crashes
- 4 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
- 5 The Greece debt crisis explained in less than 100 words
Florida man sentenced to two-and-a-half years for having sex on the beach in front of a child
Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
Man who was struck and killed by lightning in Brecon Beacons 'was carrying a selfie stick'
Greece debt crisis as it happened: EU chiefs at loggerheads hours before Alexis Tsipras’s last ditch deal proposals
Florida teacher sentenced to 22 years in prison for sexually abusing three pupils
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
iJobs Money & Business
£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...
competitive: SThree: Are you passionate about sales?Do you have a keen interes...
£17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...