Home | Log In | Register | Our Services | My Account | Contact | Help |
A Brief Look At The Week Ahead | |
British banks are expected to make a strong showing this week, as two of the sector's reference companies unveil annual earnings. Charles Stanley expects Barclays to announce final pre-tax profits of 5.2bn on Tuesday, with strong growth in particular at its investment banking unit, Barclays Capital, and fund management division, Barclays Global Investors. The improving fortunes of fund management businesses are also expected to be at the centre of strong numbers from Lloyds TSB on Friday. Wider margins at its Scottish Widows life business are likely to contribute to an annual pre-tax profit of 3.3bn, says Charles Stanley. Investors will also be looking for a clear stance from the company on the recurring bid speculation that has kept the shares buoyant of late. Full-year results are due this Tuesday from Cadbury Schweppes. Pre-tax profits should rise, to 960m from 886m, and like-for-like sales are expected to meet the company's expectations and rise by between 4% and 6%. There are a couple of other issues likely to interest investors, namely soaring sugar prices and takeover speculation. Nestlhas been touted as a potential bidder but insiders don't give the rumours much credence. Brewer, Scottish & Newcastle hopes to follow the lead set by fellow brewer Diageo when it reports on Tuesday. Rumours that S&N may tie up with Danish brewer Carlsberg, its partner in the Baltic Beverage joint venture, gave the former's shares a recent lift. Pundits think it unlikely that the chatter will provoke any official response this week. On Thursday, BAE Systems is set to unveil a year of solid growth fuelled by headline-making deals such as Saudi Arabia's decision in December to arm its air force with the Eurofighter Typhoon jet, which is made by BAE. Williams de Broestimates 931m in pre-tax profits. The company may also shed some light on its interpretation of the Pentagon's recently released Quadrennial Defense Review, which outlines the views of the world's. Other companies of interest taking the stage this week include George Wimpey and Schroders on Tuesday; Anglo American and Rexam on Wednesday; Centrica and Rentokil Initial on Thursday and WPP on Friday. A busy week with financial and building sectors to the fore! I hope you all find something there to profit by. Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.) |
Share | Volume | Chart | News | Various |
VOS price 4.75p | Good volume buying all week specially last Friday | Forming a double bottom, very positive if breaking 5.375p last high, MACD now crossing on the way up | Cash shell company seeking suitable acquisition targets on the mining sector ( most likely Nickel ) after new Chairman, to increase shareholder value | There is revive talk of the expected RTO is on the cards soon, after last June company comments" Southern Hemisphere adquisitions are at a very early stage" |