THE WEEK AHEAD

TODAY

Companies

The current strength of demand in the power supply market, in which Astec (BSR) is the world's largest manufacturer, should see the company post a healthy interim pre-tax profit. The company will benefit from its new management team - chief executive David Farr, who joined in August 1994, and finance director Michael Arrowsmith, who joined from Smithkline Beecham in June.

Analyst Andrew Bryant of NatWest Securities says PC volume growth, the shortage of semiconductors and the increasing trend towards outsourcing for standard power supplies could lead to a rise in interim pre-tax profit of around 28 per cent to pounds 9.5m. This translates into an earnings growth of 25 per cent and an increase in the dividend to 0.5p from 0.4p.

BI Technologies, the group's component manufacturing business, which was reorganised last year, is expected to contribute pounds 1.7m, up from pounds 1.4m previously.

Interims: Astec (BSR), Gartmore GN Great Nordic, Johnson Fry Holding, Parambe, Sanderson Bramall Motor.

Finals: Throgmorton 100 Small.

Annual meetings: Jurys Hotel Group, Learmonth & Buchett.

Economics

Japanese unemployment in July is expected to stay at 3.2 per cent. A study by Yamaichi Research Institute has assessed the real rate of unemployment as 6.3 per cent. In the US, new home sales are expected to fall to 705,000 from 728,000. Keep an eye out for the August consumer confidence index from the Conference Board. This is expected to remain about 99.9 in August after its sharp rise in July from 92.8 in June.

WEDNESDAY

Companies

Filtration manufacturer Domnick Hunter, is expected to post a 23-25 per cent increase in pre-tax profits of around pounds 2.6m on the back of improved overseas orders from the industrial division, although higher raw material prices may depress margins.

The new Tearn Valley factory should help the group to increase capacity and investment in the Process division in 1994 should help counter margin squeezes. The division reported a 23 per cent rise in 1994 sales. SNC sees scope for an EPS of 5.1, up 20 per cent, and a net dividend of 2p.

Interims: Charles Baynes, Burnfield, Domnick Hunter, Eclipse Blinds, Johnson Press, Irish Permanent, Nurdin & Peacock, Provident Financial, Psion, Serco Group, T&N, Topdanmark.

Finals: Stoves.

Annual meetings: Aberforth Split Level, Colourvision, Countyglen, Faupel Trading, Phonelink, St James Beach Hotels.

EGMs: Halkin Holdings.

Economics:

The US issues its first revision to real GDP in the second quarter. The consensus view is that it will continue to show an annualised growth rate of 0.5 per cent.

THURSDAY

Companies:

The market will be waiting to see if improvements from reorganisation and rationalisation will offset price pressure at Rolls-Royce, the aerospace and industrial power group, as it reports half-year results.

On the downside, an improved order book at the industrial power division is not yet expected to kick into the results while competition in the civil engine market is expected to hit the company hard.

Sandy Morris of NWS expects a lower R&D budget to boost pre-tax profits by 62 per cent to between pounds 40-pounds 65m, coupled with a pounds 6m maiden contribution from Allison. EPS of 2.5p, up 6.4 per cent, and a net dividend unchanged at 2p.

Interims: Beauford, Cairn Energy, Cattle's, EBC Group, EFT Group, Gibb & Dandy, Irish Continental Group, Ladbroke Group, Macfarlane Group (Clansman), Persimmon, Reckitt & Colman, Rolls-Royce, Schroder Mediter- ranean Fund.

Finals: Verity Group, Wiggins Group

Annual meetings: Greene King, Lazard Select Investment Trust, Morris Ashby, Radstone Technology, Scottish & Newcastle.

EGMs: Alpha Airports Group.

Economics:

In the US, personal income is expected to grow in July by 0.5 per cent compared with June. Consumption is expected to increase at 0.3 per cent. Factory goods orders are expected to rise by 0.6 per cent compared with June. In Japan, industrial production has been falling since April and is forecast to show a further monthly decline in July. In France, the Banque de France council meets after its summer break and the markets will be watching to see if the upset to the franc following Alain Madelin's departure as finance minister will affect an expected cut in the 5-10 day repo rate.

FRIDAY

Companies:

Interims: Mithras Investment Trust.

Finals: Isotron.

Annual meetings: General Electric, Ivory & Sime, Prism Leisure Corp, Taunton Cider.

EGMs: Property Trust.

Economics:

Following disappointing trade figures for countries outside the European Union, the trade deficit with the whole world is expected to be pounds 1.1bn. The City will also be watching the purchasing managers' index for signs of further growth in the manufacturing sector. In July it stood at 52.3; any fall below 50 would indicate recession. In the US, the markets will be watching the purchasing managers' index for any further sign of recovery. In July it bounced back to 50.5 from 45.7 in June. The most important release is the employment report for August. A growth in non-farm payroll jobs of 160,000 is anticipated.

Arts & Entertainment
A stranger calls: Martin Freeman in ‘Fargo’
tvReview: New 10-part series brims with characters and stories

News
peopleActress speaks out against historic sexual assault claims, saying things have 'gone quite far now'

Arts & Entertainment
Shaun Evans as Endeavour interviews a prisoner as he tries to get to the bottom of a police cover up
tvReview: Second series comes to close with startling tale of police corruption and child abuse
Sport
Raheem Sterling and Luis Suarez celebrate during Liverpool's game with Norwich
football Another hurdle is out of the way for Brendan Rodgers' side
VIDEO
Life & Style
Guests enjoy food and cocktail parings by Chefs Jimmy Bannos, Jimmy Bannos Jr, Daniel Rose and Mindy Segal with mixologists Josh King and Alex Gara at Bounty & Barrel: A Jack Daniel's Single Barrel Dinner Series at Heaven on Seven on April 9, 2014 in Chicago, Illinois.
news Sprinkle Palcohol 'on almost any dish' for 'an extra kick' firm says...
Arts & Entertainment
Charlotte Brontë, the English novelist, poet and the eldest of the three Bronte sisters who lived into adulthood, has been celebrated with a Google Doodle depicting her most famous novel, Jane Eyre.
arts + ents "Reader, they doodled her".

Arts & Entertainment
Schwarzenegger winning Mr. Universe 1969
arts + entsCan you guess the celebrity from these British Pathe News clips?
News
Portrait of Queen Elizabeth-II by David Bailey which has been released to mark her 88th birthday
peoplePortrait released to mark monarch's 88th birthday
Arts & Entertainment
The star of the sitcom ‘Miranda’ is hugely popular with mainstream audiences
TVMiranda Hart lined up for ‘Generation Game’ revival
Life & Style
The writer, Gerda Saunders, with her mother, who also suffered with dementia before her death
healthGerda Saunders on the most formidable effect of her dementia
Arts & Entertainment
Oxegen in Ireland has been axed as promoters decide it is 'no longer viable'
arts + ents Promoters have axed the event as it is 'no longer viable in current form'
News
The troubled star is set to give fans the biggest insight into her life away from the headlines
people Star made the announcement during the final episode of the programme, entitled Lindsay
News
YouTube clocks up more than a billion users a month
mediaEuropean rival Dailymotion certainly thinks so
Arts & Entertainment
The original design with Charles' face clearly visible, which is on display around the capital
arts + ents
Arts & Entertainment
‘Self-Portrait Worshipping Christ’ (c943-57) by St Dunstan
books How British artists perfected the art of the self-portrait
Have you tried new the Independent Digital Edition iPad app?
Independent Dating
and  

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

iJobs Job Widget
iJobs Money & Business

Database Team Lead ( Leadership, Sybase, Computer Science)

Negotiable: Harrington Starr: Database Team Lead ( Leadership, Sybase, Compute...

C#.NET Delphi SQL Developer (C#,DELPHI,SQL)

£40000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: C#.NET D...

VB.NET SQL Junior-Mid Level Developer (VB.NET,SQL,Excellent com

£25000 - £35000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET S...

Trade Support, Application Support, Operations Analyst, CRM MS

£45000 - £55000 per annum + Bonus and Benefits: Harrington Starr: Trade Suppor...

Day In a Page

Rubin ‘Hurricane’ Carter: The man who could have been champion of the world - and the Bob Dylan song that immortalised him

The man who could have been champion of the world

Rubin ‘Hurricane’ Carter and the Bob Dylan song that immortalised him
Didn’t she do well?

Didn’t she do well?

Miranda Hart lined up for ‘Generation Game’ revival
The Middle East we must confront in the future will be a Mafiastan ruled by money

The Middle East we must confront in the future will be a Mafiastan ruled by money

In Iraq, mafiosi already run almost the entire oil output of the south of the country
Before they were famous

Before they were famous

Can you guess the celebrity from these British Pathe News clips?
Martin Freeman’s casting in Fargo is genius

Martin Freeman’s casting in Fargo is a stroke of genius

Series is brimming with characters and stories all its own
How I brokered a peace deal with Robert Mugabe: Roy Agyemang reveals the delicate diplomacy needed to get Zimbabwe’s President to sit down with the BBC

How I brokered a peace deal with Robert Mugabe

Roy Agyemang reveals the delicate diplomacy needed to get Zimbabwe’s President to sit down with the BBC
Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'

British Muslims's Happy video attacked as 'sinful'

The four-minute clip by Honesty Policy has had more than 300,000 hits on YouTube
Church of England-raised Michael Williams describes the unexpected joys in learning about his family's Jewish faith

Michael Williams: Do as I do, not as I pray

Church of England-raised Williams describes the unexpected joys in learning about his family's Jewish faith
A History of the First World War in 100 moments: A visit to the Front Line by the Prime Minister's wife

A History of the First World War in 100 moments

A visit to the Front Line by the Prime Minister's wife
Comedian Jenny Collier: 'Sexism I experienced on stand-up circuit should be extinct'

Jenny Collier: 'Sexism on stand-up circuit should be extinct'

The comedian's appearance at a show on the eve of International Women's Day was cancelled because they had "too many women" on the bill
Cannes Film Festival: Ken Loach and Mike Leigh to fight it out for the Palme d'Or

Cannes Film Festival

Ken Loach and Mike Leigh to fight it out for the Palme d'Or
The concept album makes surprise top ten return with neolithic opus from Jethro Tull's Ian Anderson

The concept album makes surprise top ten return

Neolithic opus from Jethro Tull's Ian Anderson is unexpected success
Lichen is the surprise new ingredient on fine-dining menus, thanks to our love of Scandinavian and Indian cuisines

Lichen is surprise new ingredient on fine-dining menus

Emily Jupp discovers how it can give a unique, smoky flavour to our cooking
10 best baking books

10 best baking books

Planning a spot of baking this bank holiday weekend? From old favourites to new releases, here’s ten cookbooks for you
Jury still out on Manchester City boss Manuel Pellegrini

Jury still out on Pellegrini

Draw with Sunderland raises questions over Manchester City manager's ability to motivate and unify his players