The Week Ahead: Irn Bru still fizzing with sales and profits increase
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.
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.
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.
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.
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.
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.
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 The confessions of men who ordered mail-order brides
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 4 Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
- 5 'Isis' schoolgirls: Missing British teenager tweets picture of her Syrian takeaway
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Power of Nepal earthquake was equivalent to 20 huge atomic bombs
Nepal earthquake video: Terrifying footage shows moment avalanche hit Everest Base Camp
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...
£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...