The Week Ahead: Flybe investors hope for an end to turbulence

Today

Punters in Flybe have been hit by a run of profit warnings recently, with the last one coming in January. They will therefore be hoping there is no more bad news today when the small-cap regional airline announces a pre-close update ahead of its full-year results, which are set for release in June.

While the group's third-quarter numbers were given a boost by the launch of its Flybe Finland joint venture with Finnair, its UK passenger revenues dipped 0.3 per cent during the period, although Bank of America Merrill Lynch believes the slowdown will have abated over the following three months.

Results/Updates: Ferrexpo, Flybe, RWS Holdings and Vedanta Resources.

Tomorrow

Dunelm will be in the spotlight on Wednesday as the rapidly expanding home furnishings retailer unveils its figures for the third quarter, with Panmure Gordon's Jean Roche forecasting like-for-like sales to have risen 2.5 per cent over the period.

Looking further ahead, the scribe is bullishly expecting the homewares sector in the UK to return to growth during the second half of 2012, pointing out that the high street giant Next is investing a lot of cash into that side of its business over the next couple of years.

After Robert Walters released first-quarter figures last week, it is Michael Page's turn tomorrow to continue the run of updates from the recruiters. At the time of its final results in March the group said gross profits had risen by roughly 10 per cent during the first two months of the year, and Oriel Securities' analysts – noting March tends to be its most important month – say they "are looking for growth to have picked up".

In terms of Michael Page's performance on the continent, they believe strong growth in Germany and France should more than offset "pressure from the relatively small exposure in southern Europe".

Few surprises are expected from WS Atkins' pre-close statement following the engineer's third-quarter update in February, in which it said that, despite tough market conditions, it was still on course to meet forecasts. Numis Securities' Will Wallis believes the group will not "say anything materially different" about trading during the rest of the financial year, although the analyst will be looking out for Atkins' comments on expectations going forward.

Results/Updates: Dunelm, Matchtech, Michael Page, Porvair and WS Atkins.

Thursday

Times have been tough for Mothercare recently, with the baby products retailer's share price around half of what it was before last October's profits warning. That sparked the resignation of its long-time boss Ben Gordon, and in February it was announced that Simon Calver had been poached from Amazon's LoveFilm to take the top job.

Before Mr Calver starts his role at the end of this month, the small-cap firm announces its fourth-quarter figures on Thursday. Panmure's Jean Roche is expecting like-for-like sales to have dropped 11 per cent over the three months, which would be a significant deterioration from the 3 per cent fall that Mothercare suffered during the third quarter.

The scribbler also thinks there is a 50 per cent chance the update will include the results of its UK review, adding that parts of its turnaround plan are seemingly already being implemented, such as gathering feedback from shoppers at the till.

At the same time, Hays will become the latest in the recruitment sector to unveil its numbers for the third quarter. Oriel fears net fee growth will have fallen to around 4 per cent, after the company managed 8 per cent the previous three months and 15 per cent the quarter before that.

Results/Updates: Ashmore, Elektron Technology, Escher, Hays, JD Sports, Mothercare, Networkers International, Punch Taverns and XP Power.

Friday

The week is brought to an end by Norcon, the AIM-listed communications consultancy which is announcing its final results. Punters are already braced for bad news following February's warning from the group that its pre-tax profit for the 12 months would miss market forecasts thanks to foreign exchange, financial, recruitment and relocation costs all being higher than expected.

Results/Updates: Norcon and Polar Capital.

Economics Diary

TODAY CB leading index; French industrial production; German trade balance; Royal Institution of Chartered Surveyors house price balance; US wholesale inventories.

TOMORROW British Retail Consortium retail sales monitor;US beige book; US crude oil inventories; US Federal budget balance; US import prices.

THURSDAY French consumer price index; Trade balance; US producer price index; US trade balance;US unemployment claims.

FRIDAY Construction output data; German consumer price index; Producer price index; US consumer price index; US preliminary University of Michigan consumer sentiment index.

Start your day with The Independent, sign up for daily news emails
News
The cartoon depicts the UK (far left) walking around a Syrian child refugee
newsIn an exclusive artwork for The Independent, Ali Ferzat attacks Britain's lack of 'humanity'
Life and Style
Man taking selfie in front of car
health
Sport
footballManager attacks Sky Sports pundit Jamie Redknapp after criticism of Diego Costa's apparent stamping
Life and Style
food + drink
PROMOTED VIDEO
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
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: Web Developer - PHP

£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...

Ashdown Group: Client Services Manager - Relationship Management - London

£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...

Recruitment Genius: Credit Controller / Customer Service

£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...

Guru Careers: In-House / Internal Recruiter

£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...

Day In a Page

Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness
Homeless Veterans appeal: Homeless in Wales can find inspiration from Daniel’s story

Homeless Veterans appeal

Homeless in Wales can find inspiration from Daniel’s story
Front National family feud? Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks

Front National family feud?

Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks
Pot of gold: tasting the world’s most expensive tea

Pot of gold

Tasting the world’s most expensive tea
10 best wildlife-watching experiences: From hen harriers to porpoises

From hen harriers to porpoises: 10 best wildlife-watching experiences

While many of Britain's birds have flown south for the winter, it's still a great time to get outside for a spot of twitching
Nick Easter: 'I don’t want just to hold tackle bags, I want to be out there'

'I don’t want just to hold tackle bags, I want to be out there'

Nick Easter targeting World Cup place after England recall
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore