The Week Ahead: Pollster YouGov hopes to win backing of the City

Today

Pollster YouGov will hope it gets a vote of confidence from the City after the release of its interim results today. Last February, the AIM-listed group announced its trading was on course to meet forecasts, saying it was seeing organic revenue growth in the double digits.

Paul Richards, from the firm's house broker Numis Securities, is expecting a pre-tax profit of £1.6m although he notes that, thanks to "increased investment in new products and markets, profits will be weighted towards the second half" of the year.

Another in focus tomorrow will be Andor Technology, with the specialist digital camera group unveiling a trading update. Back at the time of its AGM in February, chairman Colin Walsh announced that the first third of its financial year had met expectations and that it had enjoyed strong revenue growth from the Asia-Pacific region.

The month before, AIM-listed Andor released updated versions of both its iXon and Neo cameras, so any news on demand for these will be eagerly examined by investors.

Results/Updates: Andor Technology, InternetQ, KCOM Group and YouGov.

Tomorrow

AIM-listed driller Gulfsands Petrol-eum releases its preliminary results on Tuesday amid continuing uncertainty over its Syrian operations. Back in February, the oil firm said it was stopping its exploration in the country following the unrest, having already halted its involvement in production there last December.

Results/Updates: Gulfsands Petrol-eum, Huntsworth and Vernalis.

Wednesday

Investors in Shanks will not have enjoyed watching the waste group's share price being flushed down the toilet recently, with the stock dropping nearly a quarter since last July. Noting its underperformance compared to the rest of the UK market, Jefferies International believes Wednesday's pre-close statement could "provide a catalyst to reignite ... interest", pointing out the firm has "one of the lowest valuations in the European waste sector".

The update comes ahead of its final results next month, and the broker's analysts are expecting a full-year pre-tax profit of £37.8m. Meanwhile, any comments from chief executive Peter Dilnot will also be closely watched, given he only took up the position at the start of February.

Results/Updates: Burford Capital, International Airlines Group, Prezzo and Shanks.

Thursday

Halfords announces its pre-close update on Thursday, and Oriel Securities warns it does not believe the bike retailer's insight into recent trading will "look pretty". Over the third quarter, the group saw like-for-like sales drop 4.8 per cent, and although the broker's scribes feel there will have been an improvement during the final three months of the year, they are still predicting a fall of 3.2 per cent.

Deutsche Bank's Charlie Muir-Sands is more positive, expecting a 1 per cent drop. This, he says, will be helped by a 2 per cent rise from its car maintenance operations. The analyst had previously predicted a growth of 6 per cent but adjusted his forecasts thanks to the relatively mild weather seen during the start of 2012.

Also updating the market is Booker, with the cash and carry wholesaler releasing its trading statement for the fourth quarter. The previous three months saw its like-for-like sales – minus tobacco – jump 5.8 per cent, and UBS's Mike Tattersall is expecting "another solid underlying trading performance".

The analyst believes there is "some scope for forecasts to move higher", pointing out that such "upgrades have been a notable and consistent feature of the... investment case in recent years". However, he warns that as a result there is "often a 'travelling and arriving' element to the Booker share-price reaction around results with strong performance in the run-up to announcements in anticipation of upgrades".

Results/Updates: Booker, easyJet, Halfords, Panmure Gordon, Robert Walters and Victrex.

Friday

Results/Updates: UK markets closed for Good Friday.

Economics Diary

TODAY Eurozone unemployment rate; Manufacturing PMI; US ISM manufacturing PMI.

TOMORROW Construction PMI; US factory orders; US Federal Open Market Committee meeting minutes.

WEDNESDAY British Retail Consortium shop price index; European Central Bank meeting and press conference; Eurozone retail sales; Services PMI.

THURSDAY Bank of England Monetary Policy Committee interest rate announcement; Industrial production; Manufacturing production; NEISR GDP Estimate.

FRIDAY UK markets closed for Good Friday; US non-farm payroll figures.

Independent Comment
blog comments powered by Disqus
News in pictures
World news in pictures
       

Day In a Page

James Pembroke: The man who's eaten everywhere

The man who's eaten everywhere

Few people know more about restaurants than James Pembroke, who only spent five mealtimes at home during his entire childhood.
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?

A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?

The young JFK praised 'superior' Nordic races during visits to Germany
Banned Iranian director Mohammad Rasoulof to attend Cannes Film Festival 2013, his first public appearance since prison

Banned Iranian director to attend Cannes Film Festival

Mohammad Rasoulof to make his first public appearance since being imprisoned three years ago
Seeing the larger picture: Inspiring images of space

Seeing the larger picture: Inspiring images of space

An exhibition explores images how photography has shaped astronomy
Eat Spam and carry on: Wartime pamphlets could teach us a thing or two about healthy, thrifty eating

Eat Spam and carry on

Wartime pamphlets could teach us a thing or two about healthy, thrifty eating
Facial hair: Cat beards and the purrrsuit of excellence

Facial hair

Cat beards and the purrrsuit of excellence
The 10 Best salt and pepper sets

The 10 Best salt and pepper sets

Whether they're for everyday use or to make your dining table look just right, it's worth getting a stylish shaker...
Ferran Soriano: Predicting success if Manchester City 'vision' is followed

Ferran Soriano: Predicting success if Manchester City 'vision' is followed

Chief executive says trophies will come if a 'core' of suitable players is in place
Thomas Müller: We couldn't handle losing a Champions League Final again

Thomas Müller: We couldn't handle losing a Champions League Final again

The Bayern Munich forward tells Tim Rich his side have to shed chokers' tag after two recent final defeats
Giro d'Italia: The Stelvio Pass - cycling's killer climb

The Stelvio Pass - cycling's killer climb

As the Giro d'Italia tackles the brutal climb, Simon Usborne takes on the snow and switchbacks – and soon realises what the fuss is about
National archives: Edward VIII’s phone calls - and how MI5 bugged them

Edward VIII’s phone calls - and how MI5 bugged them

Newly unearthed papers reveal a shocking extra dimension to the constitutional crisis over monarch’s abdication
Sent down at the Old Bailey: A tour of the world's most famous court

Sent down at the Old Bailey

A tour of the world's most famous court
Hollywood's random acts of red-carpet kindness

Hollywood's random acts of red-carpet kindness

The Hangover actor Zach Galifianakis’s date for his movie premieres isn’t arm candy  – it’s his 87-year-old friend who he saved from homelessness
British football scores an own goal

British football scores an own goal

Many managers barely survive a year in post. Martin Baker talks to experts who make a case for clubs using forensic business skills to find the best staff
James Lawton: Sergio Garcia cracks as major fault line opens up again

James Lawton

Sergio Garcia cracks as major fault line opens up again