The Week Ahead: JJB problems to gather pace with FY loss

Today: Oil & gas assurance and quality control company Velosi is expected to announce an impressive set of first-half results this morning, showing that trading was better than expected. Last year's pre-tax profits increase of 30 per cent will most probably be replicated.

Analysts at Charles Stanley expect the positive trend to continue into 2010, bolstered by increased demand for quality assurance in the oil and gas industry, as environmental and safety concerns become priorities. In the first six months of the year, Velosi has secured its position by negotiating several lucrative new contracts as well as renewing existing ones. The analysts reckon: "We expect demand for the group's services to remain resilient."

Results/updates: Ideal Shopping Direct, Lighthouse Group, Millbrook Scientific Instruments, MP Evans, Velosi.



Tomorrow: Third-quarter results from the cruise operator Carnival are expected to show that the business has remained resilient despite the impact of the credit crunch and other nasties like swine flu. While ticket prices, especially in North America, have been forced down by the tough economic conditions, on-board spending, which accounts for 25 per cent of revenue, has remained broadly flat.

Bookings for Mexican cruises have recovered since the US lifted a travel warning for that country, though ticket prices there have nonetheless been forced down. Carnival has also benefited from a 43 per cent decline in the average price of fuel, as well as reductions in other costs, such as food. The experts at Charles Stanley describe Carnival as "still the number one player in a global duopoly," adding that it "has a strong balance sheet and cruising is a growth industry". They argue that returning consumer confidence in the US will be crucial for the business in the next six months.

Results/updates: Highland Gold Mining, Gulfsands Petroleum, Carnival, JD Sports Fashion, Savile Group, AI Claims, CVS Group.



Wednesday: Game Group is expected to post a profit before tax of £15.8m, which is at the upper end of predictions, even if it is down 57 per cent on last year. Retail analysts at KBC say: "The [video] game release schedule has affected profits though first-half results are largely irrelevant for a business like Game, which has only twice before posted a profit in the first half. " They add: "Game enjoys a strong market share which it can hope to increase still further going into the all-important second half, which includes Christmas."

KBC expects profits to keep falling, however. Competitor HMV has already observed that the UK video games market was down by over 30 per cent on last year, though high-profile releases such as Beatles Rock Band have boosted trade recently.

Another problem facing Game Group is competition from the supermarket giants such as Tesco and Asda, which have increased stocks of reduced price games and consoles, using them as loss leaders to entice customers into their stores.

Results/updates: Ceres Power Holdings, EG Solutions, Game Group, Charlemagne Capital.



Thursday: JJB Sports is expected to post a loss of £40 million for the half year. The chain was dogged by fears that it could go bust at the bottom of the market, and struggled to build up stock levels as suppliers were reluctant to do business with the group.

The results are expected to indicate a double-digit drop in sales compared to last year, while in-store stock levels remain a concern.

While JJB has proved its short-term viability, the company is struggling to acquire new stock quickly enough, as well as facing challenges in enticing customers back into its stores.

Another concern is store presentation, which some analysts have identified as a weakness in the company's model. The opening of a new flagship store at the Trafford centre in Manchester where lines are broken down by brand has gone some way to addressing concerns, though a nationwide roll out is not expected imminently.

JJB Sports and its larger competitor Sports Direct are still under investigation by the Serious Fraud Office for alleged price fixing, which has further hampered JJB's appeal to both customers and investors.

Results/Updates: S&U, JJB Sports, M&C Saatchi, Group NBT.



Friday: Results/Updates:Afren, Dillistone, Alexon, Mission Marketing.

Sport
Alexis Sanchez has completed a £35m move to Arsenal, the club have confirmed
sportGunners complete £35m signing of Barcelona forward
Voices
Poor teachers should be fearful of not getting pay rises or losing their job if they fail to perform, Steve Fairclough, headteacher of Abbotsholme School, suggested
voicesChris Sloggett explains why it has become an impossible career path
Sport
world cup 2014
Sport
Popes current and former won't be watching the football together
PROMOTED VIDEO
Arts and Entertainment
Celebrated children’s author Allan Ahlberg, best known for Each Peach Pear Plum
books
News
Wayne’s estate faces a claim for alleged copyright breaches
newsJohn Wayne's heirs duke it out with university over use of the late film star's nickname
Life and Style
It beggars belief: the homeless and hungry are weary, tortured, ghosts of people – with bodies contorted by imperceptible pain
lifeRough sleepers exist in every city. Hear the stories of those whose luck has run out
News
peopleIndian actress known as the 'Grand Old Lady of Bollywood' was 102
Arts and Entertainment
In a minor key: Keira Knightley in the lightweight 'Begin Again'
film
News
business
News
Mick Jagger performing at Glastonbury
people
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Arts and Entertainment
Currently there is nothing to prevent all-male or all-female couples from competing against mixed sex partners at any of the country’s ballroom dancing events
Potential ban on same-sex partners in ballroom dancing competitions amounts to 'illegal discrimination'
Sport
Germany's Andre Greipel crosses the finish line to win the sixth stage of the Tour de France cycling race over 194 kilometers (120.5 miles) with start in Arras and finish in Reims, France
tour de franceGerman champion achieves sixth Tour stage win in Reims
Extras
indybest
Life and Style
beautyBelgian fan lands L'Oreal campaign after being spotted at World Cup
News
people
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

Business Analyst Consultant (Financial Services)

£60000 - £75000 per annum: Harrington Starr: Business Analyst Consultant (Fina...

Systems Administrator - Linux / Unix / Windows / TCP/IP / SAN

£60000 per annum: Harrington Starr: A leading provider in investment managemen...

AVS, JVS Openlink Endur Developer

£600 - £700 per day: Harrington Starr: AVS, JVS Openlink Endur Developer JVS, ...

Technical Support Analyst (C++, Windows, Linux, Perl, Graduate)

£30000 per annum: Harrington Starr: A global leader in trading platforms and e...

Day In a Page

A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice
Hollywood targets Asian audiences as US films enjoy record-breaking run at Chinese box office

Hollywood targets Asian audiences

The world's second biggest movie market is fast becoming the Hollywood studios' most crucial