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 Moscow voted the world's unfriendliest city
- 2 The excuses your boss is most likely to believe when you call in sick
- 3 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 4 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Senior British politicians tell David Cameron: When dead children are being washed up on beaches, it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...