The Week Ahead: Irn Bru still fizzing with sales and profits increase

 

Today

Irn Bru maker AG Barr will hope it can start the week with a fizz as it announces its full-year results, with the soft drinks group already having said it expects sales to have risen by around 6 per cent. Panmure Gordon believes this will translate into an operating profit of £34m, which would be an increase of4 per cent on the previous year, although the broker's analysts note that margins are likely to have dropped thanks to an increase in input costs. They expect the outlook for this issue to be one major focus, while they will also be watching out for further updates on the Scottish firm's plans to build a new plant south of the border.

Results/Updates: AG Barr, Bowleven, Kentz, Lamprell, Nanoco, Personal Group Holdings and Salamander Energy.

Tomorrow

The state of its operations in the US is expected to dominate the conversation around builders' merchant Wolseley's first-half figures on Tuesday. Last year the group said its sales growth in the country was roughly 7 per cent higher than its rivals, so Jefferies' scribblers are interested in whether this impressive state of affairs has continued.

Growth in the States, they predict, will offset a slowdown in Europe, while they also expect some news on Wolseley's spending plans. Pointing out that its balance sheet is currently on track to turn cash positive next year, the analysts believe that possibilities include a dividend increase or a step-up in its acquisition strategy.

Results/Updates: 888 Holdings, Afren, Babcock, Bellway, Bumi, Compass, EnQuest, Kazakhmys, Resolutionand Wolseley.

Wednesday

At its final results last month Domino's Pizza said like-for-like sales for the first seven weeks of 2012 had risen 3.7 per cent. This was an improvement on the3 per cent growth it managed over the previous year, so punters in the delivery company will be hoping Wednesday's first-quarter update shows this trend has continued.

Results/Updates: Domino's Pizza, Evraz, Henry Boot, JKX Oil & Gas, Melrose Resources, Petropavlovsk, Topps Tiles and Valiant Petroleum.

Thursday

Back in February Tui Travel revealed that – thanks in no small part to the woes of Thomas Cook – the tour operator had been enjoying a much better time of it in the UK than its rivals. Numis Securities' Wyn Ellis believes Thursday's pre-close update will be similarly bullish, while – regarding trading elsewhere in the world – he says that although there has been some weakness in its Nordic and German markets, a slight improvement in North Africa should partially offset this.

Bwin.Party releases its final results on Thursday, and Deutsche Bank warns that with an increasing proportion of its revenues being captured in tax because of a step-up in gaming duty across Europe, it expects the online gambling group's gross profit for 2011 to have dropped to €736m (£615m).

In terms of how the current year has been developing, the broker's scribblers predict the update will "show positive current trading momentum", although they add that Bwin's share price will remain under pressure until further clarity emerges over the regulation of online gambling in Germany, Spain and Greece.

Results/Updates: 3i, Bwin.party, Clinton Cards, Dairy Crest, FirstGroup, Future, Hilton Food, Imperial Tobacco, James Halstead, London Mining, Moss Bros, S&U and TUI Travel.

Friday

Electrocomponent's latest statement in February may have shown revenues rising 4 per cent over the previous four months, but the electrical parts supplier's shares were hit by the news that growth slowed in January to only 1 per cent. The group will be hoping for a better reaction to its pre-close trading update on Friday, although Numis's Steve Woolf is expecting a 2 per cent increase in revenues over the second half of the financial year, "implying a dip into negative territory in the last two months".

Results/Updates: Chesnara, Electrocomponents, QinetiQ, Songbird Estates and Tate & Lyle.

ECONOMICS DIARY

TODAY US pending home sales.

TOMORROW CBI reported sales; US consumer confidence;US house price index.

WEDNESDAY Current account; Eurozone M3 money supply; Final revision of fourth-quarter GDP;US crude oil inventories; US durable goods orders.

THURSDAY Bank of England consumer credit; Bank of England mortgage approvals; Bank of England net mortgage lending; Services index; US final revision of fourth-quarter GDP;US unemployment claims.

FRIDAY GfK consumer confidence; US Chicago PMI; US consumer sentiment survey; US personal spending.

PROMOTED VIDEO
News
peopleStella McCartney apologises over controversial Instagram picture
Voices
voices
Arts and Entertainment
Hayley Williams performs with Paramore in New York
musicParamore singer says 'Steal Your Girl' is itself stolen from a New Found Glory hit
Sport
Ronaldinho signs the t-shirt of a pitch invader
footballProof they are getting bolder
News
William Hague
people... when he called Hague the county's greatest
Extras
indybestKeep extra warm this year with our 10 best bedspreads
News
ebooksAn unforgettable anthology of contemporary reportage
News
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete today
Voices
voicesBy the man who has
Arts and Entertainment
Ed Sheeran performs at his Amazon Front Row event on Tuesday 30 September
musicHe spotted PM at private gig
Sport
Arsene Wenger tried to sign Eden Hazard
footballAfter 18 years with Arsenal, here are 18 things he has still never done as the Gunners' manager
News
people'I’d rather have Fred and Rose West quote my characters on childcare'
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

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

Day In a Page

Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?
Why do we like making lists?

Notes to self: Why do we like making lists?

Well it was good enough for Ancient Egyptians and Picasso...
Hong Kong protests: A good time to open a new restaurant?

A good time to open a new restaurant in Hong Kong?

As pro-democracy demonstrators hold firm, chef Rowley Leigh, who's in the city to open a new restaurant, says you couldn't hope to meet a nicer bunch
Paris Fashion Week: Karl Lagerfeld leads a feminist riot on 'Boulevard Chanel'

Paris Fashion Week

Lagerfeld leads a feminist riot on 'Boulevard Chanel'
Bruce Chatwin's Wales: One of the finest one-day walks in Britain

Simon Calder discovers Bruce Chatwin's Wales

One of the finest one-day walks you could hope for - in Britain
10 best children's nightwear

10 best children's nightwear

Make sure the kids stay cosy on cooler autumn nights in this selection of pjs, onesies and nighties
Manchester City vs Roma: Five things we learnt from City’s draw at the Etihad

Manchester City vs Roma

Five things we learnt from City’s Champions League draw at the Etihad
Martin Hardy: Mike Ashley must act now and end the Alan Pardew reign

Trouble on the Tyne

Ashley must act now and end Pardew's reign at Newcastle, says Martin Hardy
Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?