The week ahead: Michael Page puts City jobs in focus

Today

When last updating the City in July, Michael Page warned the financial jobs market – one of the recruiter's areas of speciality – was likely to be knocked by the scandals surrounding British banks. Since then both HSBC and Standard Chartered have been in the news for all the wrong reasons so, with the group announcing its interim results today, any comments on whether this has made conditions worse are likely to be interesting.

Results/Updates: Michael Page, Mitie and Petrofac.

Tomorrow

Henderson unveils its interim figures on Tuesday, and having suffered net outflows of £857m from its funds during the first three months of the year, the scribblers at Shore Capital believe the fund manager could have seen a net drain over the second quarter as well.

They also predict the group will have managed a pre-tax profit for the first-half of £75.3m, more than £10m less than the same period a year ago, and warn they "harbour reticence going into the results".

Another updating the market is Irish building materials group CRH, and UBS are worried its interim results could disappoint. Analysts from the broker point out that while the evidence is that trading in North America was strong for the sector over the second-quarter, Europe has seen "very weak volume trends" – not good news for CRH given its exposure to the continent.

Results/Updates: Anglo Pacific, Centamin, CRH, Dragon Oil, EnQuest, Essar Energy, Henderson, JKX Oil & Gas, John Menzies, Mears, NWF, SDL, Standard Life, Tribal Group and United Drug.

Wednesday

Last month investors in Resolution were dismayed to learn Clive Cowdery's insurance conglomerate had cancelled a planned £250m handout, as bosses pinned the blame on the economic climate as well as the uncertainty around the sector. However, investors may have some reason to cheer on Wednesday when the group publishes its first-half numbers, with JP Morgan Cazenove's Ashik Musaddi expecting a 5 per cent increase in its interim dividend to 6.8p.

In terms of the figures, the analyst is predicting Resolution will have managed an operating profit for the six months of £173m which, discounting one-off gains, represents a slight improvement on the same period last year.

Results/Updates: Balfour Beatty, Capital & Regional, Eurasian Natural Resources, Interserve, Lookers, PPHE Hotel Group and Resolution.

Thursday

Cineworld's figures for the first-half of the year should show a 10 per cent rise in pre-tax profits, according to Douglas Jack from Numis Securities, driven by box office revenues climbing 4.1 per cent.

More recently, the analyst believes trading will have suffered from the effects of the Olympics. However, he is not expecting to have to trim his forecasts for the full-year, pointing out that the cinema chain should get a benefit from a number of major titles soon to hit the screens including the latest James Bond film Skyfall and Twilight-finale Breaking Dawn: Part 2.

Results/Updates: BATM Advanced Communications, Cineworld, Hikma Pharmaceuticals, Huntsworth, Micro Focus, PV Crystalox Solar, Talvivaara and Xaar.

Friday

The Square Mile should not be expecting Pennon's bosses to give out much information on Friday when the utility announces its second-quarter update, with Angelos Anastasiou, an analyst from Investec, noting their "comments tend to be relatively brief".

Its waste-management business Viridor was hit during the last financial year by falling recycled materials prices plus increasing bid costs, and Mr Anastasiou believes the latest news from the unit will "continue to reflect [these] trends", although he also expects Pennon's South West Water business to have continued "its strong performance".

Results/Updates: HiWave Technologies, Pennon and Rank Group.

Start your day with The Independent, sign up for daily news emails
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

Selby Jennings: Oil Operations

Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...

The Jenrick Group: Night Shift Operations Manager

£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...

SThree: Trainee Recruitment Consultant - LONDON

£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...

SThree: Trainee Recruitment Consultant

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

Day In a Page

Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there