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A Brief Look At The Week Ahead | |
As the banking reporting season rolls on, Barclays is first up this week with annual results on Tuesday. Concern will centre on the continued weakness of Barclaycard amid an otherwise strong performance. Alliance & Leicester reports the next day, and Lloyds TSB on Friday. Cadbury Schweppes will give its annual results on Tuesday, and after not one but two product recalls, it will be happy to bid farewell to a distasteful 2006. A key part of the group's strategy will be the launch of Trident gum, already established in the US, over here. Although it will be difficult to gain any of the 90% share commanded by Wrigley in the UK, Cadbury hopes to make inroads into that market dominance. Anglo American's annual results are on Wednesday, and riding the wave of demand from China and India, as well as the sale of some assets, it is expected to report around $9.6bn in pre-tax profit, against $5.6bn last year. BAE Systems, should publish strong annual results on Thursday, powered by increasing turnover in the US, where the defence budget continues to swell. However, a pall remains over the company due to the six separate Serious Fraud Office investigations that continue into the company's dealings from Qatar to Romania to Tanzania. The UK's number three pharmaceutical company, Shire, will unveil its annual numbers on Friday. Shire is expected to deliver both solid profit growth and an update on five drugs awaiting marketing approval and seven in development. Amongst others in the spotlight this week will be Alizyme on Monday; Scottish & Newcastle and Rexam on Tuesday; George Wimpey on Wednesday and Capita and Rentokil Initial on Thursday. Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.) |
SCR price 5.75p | Rising buy volume for the last couple days and mainly last Friday | Could be the start of a new trend after last Friday rise and indicators at well overdsold | Director bought 350K shares last Wednesday and reported after Market close last Friday, Copper prices are recovering for the last couple weks | Has bought recently a 53% interest in the Zhunuo copper project in Tibet. The project has the clear hallmarks of a world class porphyry copper project |
Director Dealings - Friday 16 February, 2007 |