Business Information Service: This week

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The Independent Online
MONDAY: Pre-tax profits from Dalgety, the food group, are expected to grow 5 per cent to pounds 116m for the year to June.

Half-year profits from industrial materials group Morgan Crucible are expected to have risen to pounds 31m ( pounds 28.5m) for the period to June.

German inflation indicators for August are due out in the first half of this week. The wholesale price index is expected to show a 0.5 per cent fall, following a 1.3 per cent decline in July. The producer price index is expected to remain unchanged from the 0.1 per cent fall in July, implying a year-on- year rise of 1 per cent, down from 1.1 per cent in the year to July.

TUESDAY: Paper maker Arjo Wiggins Appleton is expected to report lower pre-tax profits of pounds 108m ( pounds 136m) for the half year to June.

Pre-tax profits from stores operator Kingfisher are forecast to be little changed at pounds 62m ( pounds 62.5m) in the six months to July.

MB Caradon, the building products manufacturer, is expected to produce a 29 per cent rise in pre-tax profits to pounds 61m for the half year to June.

UK indicators for producer prices in August are expected to show input prices down by 0.3 per cent, implying a year-on-year fall of 0.5 per cent. Output prices are expected to have risen by 0.1 per cent on the month and 3.3 per cent on a year ago, compared with 3.4 per cent in the year to July.

In the US, consumer prices are expected to show a modest rise of 0.2 per cent for August, still up on the 0.1 per cent rise reported for July. Retail sales are forecast to have remained unchanged from July.

WEDNESDAY: The combination of a mild winter, restructuring costs and a depressed housing market are expected to have slashed pre-tax profits at Calor Group, the oil and gas concern, from pounds 32.7m to pounds 11m in the six months to June.

UK retail sales figures for August are expected to reveal a 0.2 per cent increase. The public sector borrowing requirement for August is forecast to show a deficit of around pounds 3.5bn.

US industrial production is expected to have fallen by 0.3 per cent, almost wiping out the 0.4 per cent rise in July.

Thursday: Half-year pre-tax profits from drinks group Guinness are expected to show a 3 per cent rise from pounds 350m to pounds 359m.

Laporte, the chemicals specialist, is expected to post a 15 per cent reduction in pre-tax profits to pounds 43m in the half year to June.

Interim figures from Legal & General are likely to show a recovery from the pounds 56.1m loss reported last time to pre-tax profits of pounds 75m.

Pre-tax profits at RMC Group, a supplier of materials for the construction industry, are forecast to have slipped from pounds 69.9m to pounds 65m in the half year to June.

Analysts expect a significant turnaround in the fortunes of Thames Television since it lost its franchise. Interim pre-tax profits of pounds 14.4m are predicted, compared with a pounds 4m loss last time.

UK manufacturing output in July is forecast to be unchanged on the month and 1.5 per cent down on a year ago. Overall industrial production, including oil, is expected to show a 0.2 per cent rise. Unemployment is estimated to have increased by around 25,000, down from the 29,000 rise in July.

FRIDAY: UK money supply figures for August are expected to show annual growth of the narrow M0 measure steady at 2.4 per cent, while the M4 measure is forecast to be up pounds 2.9bn against pounds 2.8bn in July.

Company results: County NatWest Woodmac. Median economic forecasts: MMS International.

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