The Week Ahead: There are concerns ABF may have to cut forecasts at its sugar division
Tuesday 22 April 2014
Investors will be closely scrutinising Associated British Foods’ first-half results tomorrow.
There are concerns that ABF may have to slash forecasts at its sugar division after a calamitous profit warning from German sugar giant Südzucker earlier this month pointed to trouble in the industry.
But booming sales at ABF’s other big business Primark, which now has two stores in France and is plotting further overseas expansion, has led analysts to predict a broadly unchanged outlook.
Also tomorrow, Sports Direct will post a trading statement. Analysts predict solid numbers despite a share price wobble earlier this month after founder Mike Ashley sold a £200m stake.
Troubled flooring firm Carpetright also updates the market tomorrow, following a profit warning last month. Although sales are up on last year, investors will be concerned by an expected slowdown in growth since the end of 2013.
Thursday sees a slew of updates, with consumer goods giant Unilever among them. City consensus expects a slight fall in earnings at the Lynx-to-Cornetto owner.
Astrazeneca, the major pharmaceuticals company, delivers first-quarter results on Thursday. As we report elsewhere on this page, investors will have plenty to ask about potential mergers.
Mining firm Anglo American also has first-quarter results. Investors will be looking for more of the same following a solid rise in profits last year.
The Spirit Pub Company, which owns the Chef and Brewer Pubs, will serve up first-half results, having reported a jump in food and drink sales in the eight weeks to March 1. The company is forecast to report another increase in sales.
Turning to Friday, the last major report of the week will be William Hill’s first-quarter numbers, which come against the backdrop of a struggling gambling industry. Ivor Jones at Numis says: “The share price has a wall of worry to climb. We are at a trough in terms of trading and uncertainty.”
Publishers Reed Elsevier and Pearson also update the market this week.
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
- 3 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
Russian girl takes her own life after parents find pornography on her computer
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...