Week Ahead: Standard Chartered has its work cut out when it delivers half-year figures
Monday 04 August 2014
The under-pressure bank Standard Chartered has its work cut out proving there are some silver linings when it delivers half-year figures on Wednesday.
Investors have been agitating for change at the top after a profit warning from the emerging markets bank earlier in the year. Numis predicts pre-tax profits will have dipped to $3.2bn (£1.9bn), compared to $4bn a year earlier. The chief executive, Peter Sands, must convince shareholders that the bad news is coming to an end and things are now moving in the right direction.
Today sees half-year figures from Alent, esure, Fidessa, HSBC, Interek, Keller, Morgan Sindall, Senior, Telecity and Ultra Electronics.
Construction PMI figures are due out today, while the latest snapshot of the UK service sector comes tomorrow. The services PMI reading fell to a three-month low in June and Investec is predicting only a mild improvement for July.
In corporate news, tomorrow sees first-half figures from the temporary power provider Aggreko, Avocet Mining, BBA Aviation, Dragon Oil, Fresnillo, Genel Energy, Hill & Smith Holdings, InterContinental Hotels, LSL Property, Meggitt, Novae Group, Pendragon, Rotork and Standard Life.
The satellite specialist Inmarsat has second-quarter results, while the animal feed distributor NWF Group has finals.
Investors in the Ukrainian-focused iron ore producer Ferrexpo will be looking for clarification of new natural resource levies passed by Ukraine last week when the company delivers its first-half report on Wednesday.
Friends Life, Grainger, Interserve and Legal & General also have half-year figures, while GW Pharmaceuticals releases its third-quarter report and easyJet publishes traffic statistics.
Turning to Thursday, investors will be treated to updates from Amec, Aviva, Cobham, Enterprise Inns, Henderson, Mondi, Old Mutual, Rio Tinto, RSA Insurance, Randgold Resources and Spirax-Sarco.
The Bank of England’s Monetary Policy Committee will also put out its latest announcement.
The week comes to a quiet end with updates from Caitlin and Bellway and third-quarter figures from TUI Travel.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 3 Kim Kardashian 'naked pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'naked pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Isis in Syria: 60,000 Kurds flee terror in new exodus
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
4Chan naked photos leak: Celebrity Twitter reactions to the mass breach of privacy
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'
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