The Week Ahead: Analysts await Travis Perkins investment plan


The week begins with builders' merchant Travis Perkins revealing how it managed over the first three months of the year and, having said in February that 2012 would remain tough, the group is expected to stay cautious.

Analysts from Peel Hunt are predicting overall like-for-like growth of around 3 per cent, although they believe comments on the outlook and its investment plan will be more important.

Interim results from Lonmin are also being released today and Credit Suisse believes the event could provide an opportunity for the platinum producer to announce a moderation of its capital expenditure plans "in order to preserve the balance sheet".

Results/Updates: Diploma, Dignity, Lonmin, Providence Resources, Renishaw, Serco and Travis Perkins.


Although its share price dipped at the time, RBC Capital Market's scribblers were impressed by G4S's final results back in March and they are expecting the security services group's first-quarter update on Tuesday to show "continued momentum", predicting organic growth of around 5 per cent.

Results/Updates: Afren, Babcock, Enterprise Inns, Evraz, G4S, Spirax-Sarco, TT Electronics and UNITE.


Although Greggs' campaign against the so-called "pasty tax" has given it plenty of publicity, the high street baker's share price has been under pressure ever since March's budget. We already know like-for-like sales over the first 10 weeks of the current financial year dropped 1.8 per cent and – despite the recent focus on the company – Numis Securities' Andrew Wade still expects Wednesday's 18-week update to show this remaining in negative territory.

Results/Updates: Bovis Homes, Cineworld, Compass, Greggs, Hardy Oil & Gas, Hilton Food, ICAP, Interserve, Land Securities, New World Resources, Speedy Hire, SSE and Tullow Oil.


In the run-up to June – which, with Euro 2012 football and the Jubilee celebrations, is expected to be a strong month for the boozers – Marston's releases its interim results on Thursday. The market already largely knows what to expect, given that the group announced that like-for-like sales over the first 23 weeks of the year from its managed estate were up 3.5 per cent, although Deutsche Bank's scribes suggest the sunny weather in March could see this go slightly higher by the end of the half-year. At the same time, they predict its leased and tenanted pubs will have seen "modest growth" while admitting their expectations of a small margin increase from that side of its business may be too optimistic.

Meanwhile, Aviva will once again be in focus as the insurer announces its figures for the first-quarter on Thursday a little more than a week after the resignation of its chief executive Andrew Moss.

Results/Updates: 3i Group, Amlin, Antofagasta, Aviva, Cairn Energy, Close Brothers, Cookson, Euromoney, French Connection, Grainger, Hikma Pharmaceuticals, Intertek, Invensys, Investec, Jersey Electricity, Kesa Electricals, Kier, Marston's, National Grid, Optos, Premier Oil, Restaurant Group, Shanks, Stobart, TalkTalk, UTV, Vedanta Resources and Yule Catto.


The London Stock Exchange will reveal quite how much it has been helped by the turmoil in the Italian banking system on Friday when it releases its preliminary results, with Numis' James Hamilton believing the bourse's net treasury income will have more than doubled.

Also updating the market on Friday is All Bar One and Harvester owner Mitchells & Butlers, whose interim results follow in the wake of figures this week from rivals Enterprise Inns and Marston's.

The pubs company – which still hasn't found a replacement for former chief executive Adam Fowle, who left over a year ago – is expected by Peel Hunt's Paul Hickman to have seen a slowdown in like-for-like sales growth over the second-quarter, resulting in a rise of 3 per cent for the first six months of the year.

Results/Updates: Blinkx, Centaur Media, Chesnara, Headlam, Keller, Kentz, London Stock Exchange, Mitchells & Butlers, MJ Gleeson, Wilmington and SIG.

Economics Diary

TODAY Eurozone industrial production.

TOMORROW Eurozone provisional GDP (first-quarter); Eurozone ZEW economic sentiment survey; Trade balance; US business inventories; US CPI; US Empire State manufacturing Index; US retail sales.

WEDNESDAY Eurozone CPI; Unemployment data; US capacity utilisation rate; US Federal Open Market Committee meeting minutes; US housing starts; US industrial production

THURSDAY US Philadelphia Fed manufacturing index; US unemployment claims.

FRIDAY G8 summit begins in Maryland.

Suggested Topics
Start your day with The Independent, sign up for daily news emails
ebooksA celebration of British elections
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

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

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

Recruitment Genius: Senior SEO Executive

£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...

Recruitment Genius: Online Customer Service Administrator

£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...

Recruitment Genius: Digital Marketing Executive

£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before