Business Information Service: This week

MONDAY: As demand for steel continues to fall, the City expects final pre-tax losses of between pounds 130m and pounds 170m at British Steel, against a pounds 55m loss last time. The dividend could be slashed from 4.5p to 1p.

The UK ex-EC visible trade figures for May are expected to show a pounds 0.9bn deficit, little changed from the deficit of pounds 0.83bn in April.

TUESDAY: Interim figures from First Leisure should show tentative signs of recovery even though earnings will be depressed by a higher tax charge. Pre-tax profits up by 5 per cent to pounds 12.3m are expected.

Final results from Hazlewood Foods are expected to show that it is the furthest company along the road to recovery in the sector, with profits up by 6 per cent to pounds 54.5m.

The final figure for UK Q1 GDP is expected to show little change on the preliminary figure, which had annual growth at 0.8 per cent. The UK Q1 current account will show estimates of the invisible surplus.

WEDNESDAY: Charter Consolidated ends the year with a cash pile of pounds 395m, swelled by the disposal of its Johnson Matthey stake for pounds 275m. Analysts expects pre-tax profits to have fallen 5 per cent to pounds 70m.

Norweb should report pre- tax profits up 12 per cent to pounds 154m, its distribution business being the main provider. The dividend increase is likely to be restricted to 12 or 13 per cent.

THURSDAY: Lonrho's full-year results will be boosted by the recent strength in gold and platinum, but trading conditions in the first half have remained difficult and an 8 per cent fall in interim pre-tax profits to pounds 35m is likely.

No surprises at Shanks & McEwan, whose 1 June announcement regarding construction provisions indicated that final pre-tax profits would be around pounds 29m, a 7 per cent fall, which is better than the City had feared.

Investors in South Western Electricity will scrutinise its final figures for the performance of its retail division, which made a pounds 2.6m loss in the first half. Profits should still be ahead by 20 per cent at pounds 100m.

TSB Group's interim results should show an encouraging fall in bad debt provisions relative to the previous six months. Pre- tax profits are forecast at pounds 90m, flat on last year, but a turnaround from the pounds 49m loss in the second half of 1992.

FRIDAY: Final profits of pounds 35m at London International would mean an 11 per cent fall. Analysts will watch the photoprocessing division, where revenues were ahead 4 per cent in the first half and profits declined 45 per cent. Revenue growth from the condom business should be above group average.

The City is looking for an increase of 10 per cent in Yorkshire Electricity's final pre-tax profits, although retail provision will probably prevent it producing its 15 per cent 'managed' earnings growth.

UK CBI trends will attract interest, given recent evidence that the manufacturing sector is relatively robust.

Results: NatWest Securities. Median economic forecasts: MMS International.

Start your day with The Independent, sign up for daily news emails
Sport
England's women celebrate after their 3rd place play-off win against Germany
Women's World CupFara Williams converts penalty to secure victory and bronze medals
Arts and Entertainment
Ricardo by Edward Sutcliffe, 2014
artPortraits of LA cricketers from notorious suburb go on display
News
newsHillary Clinton comments on viral Humans of New York photo of gay teenager
Arts and Entertainment
The gang rape scene in the Royal Opera’s production of Gioachino Rossini’s Guillaume Tell has caused huge controversy
music
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'