Compass Group The world's biggest
catering firm said it would hit its financial targets for the year and was
confident about the coming fiscal year, despite economic uncertainty. They
said like-for-like turnover growth would be at least six percent in the year
with like-for-like margins up 20-30 basis points.
mmO2 reported strong customer and
average revenue growth through the second quarter, but it expected revenue
growth in its core UK market to slow in the second half. Europe's
fifth-largest listed mobile phone operator also said it expected full-year
capital expenditure to be between five and 10 percent below a previous
forecast of 1.3 billion pounds
Severn Trent said in a trading update
that underlying pre-tax profit at its Biffa waste division was expected to
be around four to eight percent ahead of the first half of last year,
excluding the impact of any change to pension valuations. First-half profit
at the group's services division was expected to be more than 20 percent
higher than a year earlier.
Thus telecoms said it was on course to
meet forecasts for turnover and earnings growth in its year ending in March
after a strong first-half performance.
They also said it was confident of achieving its target for sustainable
positive cash flow after interest and capital expenditure in the fourth
quarter of the current financial year.
Wolverhampton & Dudley Breweries said
that trading for its 51 week period to September 20 was in line with its own
expectations.
The group which also runs over 1,600 pubs said that good summer weather
contributed to satisfactory trading in its second half, but warned of
continued pressure from rising employee and regulatory costs.

United Kingdom Calendar
(F)inals (I)nterim |

United States
(GMT) |

Europe & World
(GMT) |
Mon 29th Sep
Reporting
Company Updates
Financial Data |
Close Brothers (F) PBT 82m exp, Alexon Group (I),
Hardy Underwriting (I), Personal Group (I), White Young Green (F)
Compass Group Trading
Statement, HMV Trading Statement
mmO2 Trading Statement,
SABMiller Trading Statement
Scottish Radio Trading Statement,
Severn Trent Pre-Close Statement
Biocompatibles (BII). Return
of Capital and Consolidation Ex Date. Terms are 25p per share and 11 New
Shares for every 13 Ordinary Shares held
00.01 September CBI Pay
Settlements,
09.30 August Final M4 Money Supply y/y
09.30 August Net consumer Credit 1.7bn exp,
09.30 September Preliminary M0 Money Supply y/y 7.6% exp.
09.30 2nd Quarter Business Investment q/q,
10.30 September Gfk Consumer Confidence 2.0 exp. |
13.30 August Personal Income 0.3% exp.
13.30 August Personal Spending 0.8% exp. |
07.00 October German Gfk Consumer Confidence |
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