The Week Ahead: Hunt for clues on how Cairn will spend its India fortune

Today

Cairn Energy has already announced that it is returning 160p a share to its investors after completing the sale of its majority stake in Cairn India, but the question still remains as to what it will do with the rest of the dough.

Investors will therefore be eager for any clues in today's trading statement from the explorer on its plans. Recent reports claim Cairn has held talks with the AIM-listed group Rockhopper over the possibility of taking a stake in its Falkland Islands operations, so a reaction to this will be interesting especially since a number of analysts have expressed misgivings over a tie-up between the two.

Results/Updates: Cairn Energy and Optos.

Tomorrow

With the soap maker coming clean last December and admitting its first-half figures would miss forecasts, investors are already braced for bad news ahead of PZ Cussons' interim results tomorrow. Since the profits warning, however, there have been further worrying developments thanks to a national strike in Nigeria, where around a third of the group's earnings come from.

Last time it updated the market PZ Cussons said it was still aiming to post an increase in its full-year profits. Yet Numis Securities' Charles Pick is worried about this, pointing out that the strike – as well as recent religious unrest in the north of the country – "could jeopardise" the company's goal.

As firms cut back on their IT spending, it is shaping up to be a tough year for the software groups. Still, analysts are relatively optimistic about Sage's defensive qualities and they will be hoping its first-quarter statement proves this confidence to be well-placed.

The company has said it expects to see its revenues grow organically by as much as 5 per cent over the full year, so it will be interesting to see whether it is on track. Bank of America Merrill Lynch certainly believes this target is achievable, and the broker also says Sage should meet its goal of keeping earnings margins flat.

Results/Updates: Carphone Warehouse, Chemring, Land Securities, Sage and PZ Cussons.

Wednesday

The last of the major retailers to update the market post-Christmas, WH Smith does not traditionally get as much of a festive boost as many of its peers. UBS is expecting it to announce a drop in like-for-like sales at its high street operations of 7 per cent, thanks partly to less people choosing to shop in town centres, but the broker's analysts are more positive over the travel side of its business.

They say its shops in places such as train stations and airports will see a sales fall of just 3 per cent, while they are also confident WH Smith's gross margins will have continued to increase.

Results/Updates: Britvic, BTG, Renishaw and WH Smith.

Thursday

Misys issues its first-half figures on Thursday, although the City will be aware that the final six months of the year are normally stronger for the banking software firm. Its focus on the financial sector – which is not exactly booming at the moment – has created some concern, but Canaccord Genuity believes the group will still end up meeting forecasts

The broker's analysts are predicting Misys will post revenues of £201.1m and an adjusted pre-tax profit of £23.9m. They will also be looking out for the numbers from its overseas operations, which have been seeing high levels of growth.

Results/Updates: easyJet, Kazakhmys, Misys and Mitchells & Butlers.

Friday

As any dealer in the Square Mile will tell you, trading volumes have not exactly been through the roof recently. With many investors scared away by the current uncertainties, this will not have helped the London Stock Exchange ahead of its third-quarter update on Friday.

Numis' James Hamilton expects the trading statement to show the effects of a quiet three months for listing activities as well. However, it is not all doom and gloom, as the analyst adds that the Eurozone crisis will continue to have "supported treasury revenues" from its Italian clearing operations.

Results/Updates: Fuller, Smith & Turner, London Stock Exchange and Petropavlovsk.

Economics Diary

TODAY CML mortgage lending figures; Eurozone consumer confidence data.

TOMORROW Eurozone industrial new orders; Eurozone PMI; Public sector finances.

WEDNESDAY Bank of England Monetary Policy Committee minutes; BBA high street bank statistics; CBI industrial trends survey; GDP Q4 preliminary estimate; Service sector figures; US Federal Open Market Committee rate decision.

THURSDAY CBI monthly distributive trades survey; US durable goods orders; US new home sales.

FRIDAY US GDP Q4; US personal consumption data; US University of Michigan confidence data.

News
peopleChildren leave in tears as Santa is caught smoking and drinking
Arts and Entertainment
A host of big name acts recorded 'Do They Know It's Christmas?' in London on Saturday
musicCharity single tops chart
Arts and Entertainment
Steve Backshall has become the eighth celebrity to leave Strictly Come Dancing
tv
News
people
PROMOTED VIDEO
News
ebooksNow available in paperback
Arts and Entertainment
tvStrictly presenter returns to screens after Halloween accident
News
peopleFormer civil rights activist who was jailed for smoking crack cocaine has died aged 78
News
i100
News
Boxing promoter Kellie Maloney, formerly known as Frank Maloney, entered the 2014 Celebrity Big Brother house
people
Sport
Dwight Gayle (left) celebrates making it 1-1 with Crystal Palace captain Mile Jedinak
premier leagueReds falter to humbling defeat
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

Reach Volunteering: Trustee – PR& Marketing, Social Care, Commercial skills

Voluntary Only - Expenses Reimbursed: Reach Volunteering: Age Concern Slough a...

Reach Volunteering: Charity Treasurer

Voluntary Only - Expenses Reimbursed: Reach Volunteering: Crossroads Care is s...

SThree: Trainee Recruitment Consultant - Soho

£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...

Ampersand Consulting LLP: Markit EDM (CADIS) Developer

£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...

Day In a Page

Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible
Look what's mushrooming now! Meat-free recipes and food scandals help one growing sector

Look what's mushrooming now!

Meat-free recipes and food scandals help one growing sector
Neil Findlay is more a pink shrimp than a red firebrand

More a pink shrimp than a red firebrand

The vilification of the potential Scottish Labour leader Neil Findlay shows how one-note politics is today, says DJ Taylor
Bill Granger recipes: Tenderstem broccoli omelette; Fried eggs with Mexican-style tomato and chilli sauce; Pan-fried cavolo nero with soft-boiled egg

Oeuf quake

Bill Granger's cracking egg recipes
Terry Venables: Wayne Rooney is roaring again and the world knows that England are back

Terry Venables column

Wayne Rooney is roaring again and the world knows that England are back
Michael Calvin: Abject leadership is allowing football’s age-old sores to fester

Abject leadership is allowing football’s age-old sores to fester

Those at the top are allowing the same issues to go unchallenged, says Michael Calvin