The Week Ahead: All eyes on Tesco

 

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The Independent Online

All eyes will be on Tesco on Thursday when it delivers its interim results.

This will be the first presentation by Dave Lewis, the new chief executive, since he was parachuted in last month to turn the retailer round. Investors will want to hear more about the £250m black hole Mr Lewis found in Tesco’s books and whether the inquiry into the problem has uncovered any more skeletons in the closet.

The corporate calendar is quiet today with just a management statement from the cleaning product maker McBride and a trading update from Sports Direct, but the pace picks up tomorrow with interims from Costa Coffee’s owner, Whitbread; third-quarter results from the microchip designer Arm Holdings and management statements from Devro, GKN, Go-Ahead Group, InterContinental Hotels, Reckitt Benckiser Group and William Hill.

Investors are ready for bad news from Asos when the online fashion retailer reports final results tomorrow. The company has been hit by a string of profit warnings and a costly warehouse fire.

Home Retail Group, owner of Argos and Homebase, reports on half-year performance on Wednesday, while management statements are due from British American Tobacco, Computacenter, International Personal Finance, Laird, Playtech and Senior. The Israeli spread-betting specialist Plus500 has a trading statement, the Russian gold miner Petropavlovsk has production figures, and GlaxoSmithKline reports third-quarter results.

Debenhams, Hochschild Mining and Volution Group all have finals on Thursday, while Bloomsbury Publishing and Stobart Group have half-year figures.

African Barrick Gold and Unilever have quarterly reports out on Thursday, while Anglo American has production results and Britivic, Photo-Me and River and Mercantile all publish trading statements.

Shire reports third-quarter results on Friday. Pearson, Spectris, TSB Banking Group and Vesuvius all have management statements.

An earlier version of this article mistakenly said Polymetal International is reporting earnings on Tuesday.

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