The Week Ahead: Regus set to meet first-half forecasts



All those new business start-ups that the Government keeps promoting need new homes, and the likes of Regus have been providing them with just that.

Serviced-office specialist Regus opened 100 new centres in the first quarter, including the 64 it had acquired through its purchase of MWB Business Exchange. Now investors and analysts want to hear how much all this expansion has cost.

Analysts at Oriel Securities think the “extra costs of growth” will be absorbed, and expect the company to say it will meet full-year guidance when it reveals half-year results today.

Panmure Gordon reckons Regus will deliver progress this year “despite taking some of the MWB costs above the line”.

Oriel anticipates progress in improving margins, and rates it a buy ahead of the results. Panmure also makes it a buy, and would like to know more about its plans for new centre openings in the second half.

Results/Updates: Antofagasta, British Polythene Industries, Bunzl, FBD, Kentz, Petrofac, Regus, UTV Media.


APR Energy’s raft of new contract wins may just keep investors happy even if its results could reveal a first-half loss.

Analysts at Numis predict it will reveal a small, first-half, pre-tax loss, but said earnings should be better than the same period last year.

Investec is even more optimistic about the temporary power group, and thinks it will meet expectations for 2013 figures. Investec also expects better guidance for the full year 2014. The stock looks on “the cheap side”, Investec claims.

Also reporting is online betting group 888 Holdings. Panmure Gordon’s analysts think the first-half results will be in line, but they expect to hear more about its plans for the US market re-entry in the third or fourth quarter in Nevada and New Jersey.

Results/Updates: 888 Holdings, APR Energy, Chemring, Chime Communications, G4S, Grafton, Johnston Press, Kenmare Resources, Mattioli Woods, Paddy Power, Polymetal International, Randall & Quilter, Seadrill.


So could the merger of advertising giants Omnicom and Publicis mean that a spate of clients will jump ship to Sir Martin Sorrell’s WPP, claiming conflicts?

Investors certainly hope so, but analysts at Numis think competition is hard, “particularly in media buying and digital”, so new clients do not come easily. Numis predicts that following organic revenue growth of 2.1 per cent in the first quarter, the half-year growth will come in at 2.4 per cent on Thursday.

Numis also notes that margins are ahead of budget so full-year forecasts could be adjusted upwards.

Results/Updates: Admiral, Aseana Properties, Bumi, Cape, Churchill China, Evraz, Hansteen, Hays, Hardy Oil & Gas, Hellermann Tyton, Hunting, International Public Partnerships, Irish Continental, Lombard Medical Technologies, Macfarlane, Melrose, Molins, Oxford Biomedica, Partnership Assurance, Petropavlovsk, Playtech, Salamander Energy, Serco, Soco, Unite, Vislknk, WPP, Xaar.


During May and June, we went to the cinema a bit more than earlier in the year, and this could have helped Frankie & Benny’s, Chiquito and Garfunkel’s owner The Restaurant Group.

The mid-cap food group’s outlets are mainly on retail parks close to cinemas and Numis analysts expect that comparable sales for the first half will be up by around 5 per cent.

But the good news ends there. The analysts think subsequent trading will have slowed because of “unfavourable warm weather”, and the chain could begin to be hit by “Cineworld and Odeon opening their own restaurants”, and the growing competition from pub operators such as Greene King, Marston’s and Mitchells & Butlers.

Numis recommends “taking profits into these results” ahead of a tougher second half.

Results/Updates: Bwin.Party Digital Entertainment, Computacenter,  Charles Taylor, Chesnara, Frontline, Goldenport, Headlam, Haynes Publishing, Lavendon, Marshalls, Perform, Polyus Gold International, Restaurant Group, Shaft Sinkers, Stagecoach, Tyman.

Economics Diary


US consumer confidence index.


UK CBI reported sales, EU GfK German consumer climate, EU M3 money supply, US pending home sales, crude oil inventories.


US GDP figures, US unemployment claims.


UK net lending, EU KOF economic barometer, EU unemployment rate, US personal spending data.

Start your day with The Independent, sign up for daily news emails
ebooksAn unforgettable anthology of contemporary reportage
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

Recruitment Genius: Digital Optimisation Executive - Marketing

£30000 - £35000 per annum: Recruitment Genius: The UK's fastest growing, multi...

Recruitment Genius: Financial Reporting Manager

£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...

Recruitment Genius: Payments Operations Assistant

£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...

Recruitment Genius: Telephone Debt Negotiator

£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...

Day In a Page

Sepp Blatter resignation: The beginning of Fifa's long road to reform?

Does Blatter's departure mean Fifa will automatically clean up its act?

Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
The future of songwriting: How streaming is changing everything we know about making music

The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

Beating obesity

The new pacemaker which helps over-eaters
9 best women's festival waterproofs

Ready for rain: 9 best women's festival waterproofs

These are the macs to keep your denim dry and your hair frizz-free(ish)
Cycling World Hour Record: Nervous Sir Bradley Wiggins ready for pain as he prepares to go distance

Wiggins worried

Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific