The week ahead



Fairey, the engineering and aerospace group, is expected to announce strong results for 1995, backed by its international businesses and a recovery in the electric power sector. NatWest expects a 32 per cent rise in pre-tax profits to about to pounds 34m.

Interims: Cortecs Intl, DCS Group, Domestic & General, Redrow, Kleinwort Dev Fund.

Finals: British Vita, DRS Data & Research, Fairey, Forward Technology, Hibernian, Hiscox Select Insurance, Laporte, Lopex, Merchants Trust, Partco, Pentland, Persimmon, Refuge, Roxboro, RPS Group, Rugby Group, Spandex, Spirax-Sarco, Suter.

AGMs: Ford Motor Company, Ovoca Resources.

EGMs: Secure Retirement.


A busy week for economic data kicks off with producer price figures for February and January's industrial output. Chancellor Kenneth Clarke said on Friday that these were behaving better than expected. Analysts have pencilled in a decline in the index of prices paid for fuel and materials, taking the year-on-year rate of increase below January's 3.7 per cent, and at most a small increase in prices charged at the factory gate, reducing their annual rate of inflation below January's 3.6 per cent.

The consensus is that industrial output was probably flat in January, with manufacturing output up slightly after December's shock fall. This would leave manufacturing production lower in the three months to January than the previous three, but most economists are optimistic that it will begin to recover.

US markets will focus on housebuilding figures for December and January, with any new data under close scrutiny after Friday's nosedive on Wall Street after the stunning employment report. Higher mortgage rates and bad weather are likely to mean weak figures.



TI Group is expected to announce solid results, with 1995 pre-tax profits forecast at between pounds 176m and pounds 182m, compared to pounds 153m last time. However, the good news is probably already reflected in the share price.

Prudential, Britain's biggest life insurer, is expected to announce operating profits of pounds 740m to pounds 780m, compared to pounds 693m last time.

Interims: Everest Foods, Headway, M&G Recovery Inv Trust, Thorntons.

Finals: Billam, Britton, Calderburn, Capital Corp, Christies Intl, CMG, Cordiant, Crestcare, Delta, Dunedin Income Growth, Expamet, Fidelity Japanese Values, Holliday Chemical, Huntingdon Int'l, Kalon, M&G Income Inv Trust, Pacific Assets Trust, Parity, Prudentia, TI Group, Williams Hldgs, Yorkshire- Tyne Tees.

AGMs: Euro Disney, Shani Group, Witan Investment.


Construction orders (January).



Reed International, in the spotlight last week after shelving its plans to sell its consumer books division, should encourage with robust pre- tax profits in 1995 of pounds 716m, ahead 18 per cent, according to NatWest. Attention will focus on signs that the company has identified an acquisition target in professional and electronic publishing.

Interims: Ricardo, Shire Pharmaceutical, Throgmorton Dual Trust.

Finals: Charles Baynes, BPP, Brent Int'l, Church & Co, English China Clays, Haden MacLellan, Heywood Williams, JIB Group, Lambert Howarth, Radius, Reed Int'l, Rosebys, Schroders, Tilbury Douglas, Waste Recycling.

AGMs: Gartmore British Income, London Scottish Bank.

EGMs London Scottish Bank.


Last month is expected to have seen the 30th decline in theunemployment count, although Deutsche Morgan Grenfell puts the expected fall at only 5,000 after January's drop of more than 29,000. The growth in underlying average earnings in January is likely to reflect the upward trend in basic pay settlements and bonuses.

A European Union conference on the single currency opens in London.



A chance to see the damage caused to Coats Viyella, Britain's largest textiles firm, by a hot summer and sluggish consumer confidence. Analysts expect pre-tax profits to fall to between pounds 142.5m and pounds 147.5m (pounds 152.4m last time).

Interims: BZW Endowment Fund, F&C High Income, Sirdar, Television Corp.

Finals: Anglo American Industrial, Biotrace Int'l, BTR, Coats Viyella, CU Environmental Trust, Davis Service, Emess, Exco, L&G, Mayflower, Micro Focus, MTL, Pittards, Reckitt & Colman, Steel Burrill Jones, United Biscuits, Watmoughs, A Wood & Son.

AGMs: Loades, Lookers.

EGMs: Bolton Group, MTM.


US factory gate prices point to further moderation of inflationary pressures.



Aspen Communications, the media group, is expected to announce pre-tax profits of pounds 3.8m, up 65 per cent, according to NatWest. Margins have probably improved even in printing and publishing, where the cost of paper is expected to have had an impact.

Finals: Aspen Communications, British Data Mngmt, Molins, Wembley

AGMs: Alexanders Holdings, Central Motor Auctions, Eurocamp, Johnson Fry Second Utilities Trust, Perry, Pohang Iron & Steel, Serif, T Walker.


Further key February figures for the US economy could trigger a reaction in Treasury bonds and shares. Consumer prices are likely to show a smaller increase than January's 0.4 per cent, leaving consumer price inflation unchanged at 2.7 per cent.

Industrial output is expected to rebound by about 0.5 per cent after a sharp drop in January. But markets are watching out for a bigger increase - mirroring the surprise rise in the number of new jobs revealed by last Friday's figures.

Suggested Topics
Kenny Ireland, pictured in 2010.
peopleActor, from House of Cards and Benidorm, was 68
A scene from the video shows students mock rioting
newsEnd-of-year leaver's YouTube film features staging of a playground gun massacre
View from the Llanberis Track to the mountain lake Llyn
Du’r Arddu
environmentA large chunk of Mount Snowdon, in north Wales, is up for sale
A family sit and enjoy a quiet train journey
voicesForcing us to overhear dull phone conversations is an offensive act, says Simon Kelner
i100This Instagram photo does not prove Russian army is in Ukraine
Arts and Entertainment
The cast of The Big Bang Theory in a still from the show
tvBig Bang Theory filming delayed by contract dispute over actors' pay
Morrissey pictured in 2013
Arts and Entertainment
The Secret Cinema performance of Back to the Future has been cancelled again
filmReview: Sometimes the immersive experience was so good it blurred the line between fiction and reality
Arts and Entertainment
Sydney and Melbourne are locked in a row over giant milk crates
Life and Style
The director of Wall-E Andrew Stanton with Angus MacLane's Lego model
gadgetsDesign made in Pixar animator’s spare time could get retail release
ebookA unique anthology of reporting and analysis of a crucial period of history
peopleGuitarist, who played with Aerosmith, Lou Reed and Alice Cooper among others, was 71
Tyred out: should fair weather cyclists have a separate slow lane?
environmentFormer Labour minister demands 'pootling lanes' for women cyclists
England celebrate a wicket for Moeen Ali
sportMoeen Ali stars with five wickets as Cook's men level India series
Field of broken dreams: Andy Bell visits Passchendaele
news5 News's Andy Bell visited the killing fields of the Great War, and his ancestor - known only from his compelling war diary - came to life
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

1st Line Support Technician / Application Support

£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...

Team Secretary - (Client Development/Sales Team) - Wimbledon

£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...

Accountant / Assistant Management Accountant

Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...

Senior Investment Accounting Change Manager

£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...

Day In a Page

Dress the Gaza situation up all you like, but the truth hurts

Robert Fisk on Gaza conflict

Dress the situation up all you like, but the truth hurts
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
5 News's Andy Bell retraces his grandfather's steps on the First World War battlefields

In my grandfather's footsteps

5 News's political editor Andy Bell only knows his grandfather from the compelling diary he kept during WWI. But when he returned to the killing fields where Edwin Vaughan suffered so much, his ancestor came to life
Lifestyle guru Martha Stewart reveals she has flying robot ... to take photos of her farm

Martha Stewart has flying robot

The lifestyle guru used the drone to get a bird's eye view her 153-acre farm in Bedford, New York
Former Labour minister Meg Hillier has demanded 'pootling lanes' for women cyclists

Do women cyclists need 'pootling lanes'?

Simon Usborne (who's more of a hurtler) explains why winning the space race is key to happy riding
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices
Could our smartphones soon be diagnosing diseases via Health Kit and Google Fit?

Could smartphones soon be diagnosing diseases?

Health Kit and Google Fit have been described as "the beginning of a health revolution"
Ryanair has turned on the 'charm offensive' but can we learn to love the cut-price carrier again?

Can we learn to love Ryanair again?

Four recent travellers give their verdicts on the carrier's improved customer service
Billionaire founder of Spanx launches range of jeans that offers

Spanx launches range of jeans

The jeans come in two styles, multiple cuts and three washes and will go on sale in the UK in October
10 best over-ear headphones

Aural pleasure: 10 best over-ear headphones

Listen to your favourite tracks with this selection, offering everything from lambskin earmuffs to stainless steel