Lara Croft can't rescue SCi's profits

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The Independent Online

The release of the next game in the Lara Croft franchise will come too late to save SCi Entertainment from announcing huge losses of £100m tomorrow.

Tomb Raider Underworld, the eighth game in the series, is launched in November, and SCi hopes it will lift turnover after an expected £10m fall to £134m.

Its chief executive, Phil Rogers, has made several structural changes this year, including a 25 per cent reduction in staff numbers and the sale of Proein SL, its Spanish distribution business.

On the high street, Ian Cheshire, chief executive at B&Q's owner Kingfisher, will announce his first set of results at the helm on Thursday. Dresdner Kleinwort forecasts pre-tax profits of £204m, up from £176m last year.

Minerva, the property group, will announce full-year results tomorrow, when the market will look for an update on its 160p-a-share offer from Limitless, the Dubai state-owned vehicle. There have been rumours that the offer has been dropped as it represents a huge premium on the share price – 86.75p at close on Friday.