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A Brief Look At The Week Ahead | |
Cadbury Schweppes will be a hot topic this week. News last week that its 8bn drinks business is being eyed up by a pair of private equity firms sent the company's shares up. The speculation is that KKR could launch a bid within the next two weeks. The possibility that the entire company could be on the menu has created excitement, though it is understood that such a prospect was suggested as a way to increase the urgency of the drinks disposal. At the company's AGM on Thursday, CEO, Todd Stitzer, will give a trading update, but it does not take a genius to guess what the questions will be about. On Tuesday, Marks & Spencer should wow the City with a performance far surpassing last year. Charles Stanley, the stockbrokers, expects the group to have registered a pre-tax profit of 966m on the year, up from 751m the year before, with growth coming from improving food and merchandise sales and an increase of retail space. Also on the retail front will be Burberry, which reports its annual numbers on Thursday. Analysts are expecting a strong if dull performance. Most of the emphasis from the City will be on the look forward from CEO, Angela Ahrendts. On the property front, British Land and Great Portland Estates will unveil their annual results on Tuesday and Wednesday, respectively. Both are expected to have been major beneficiaries of the UK property boom. British Land, which develops and rents superstore, commercial and office space, is expected to have grown its net asset value to 1,670p per share, up from 1,486p last year. It is likely to be a similar story for Great Portland Estates, for which analysts are expecting net asset value growth from 437p per share to 570p per share. Sugar giant Tate & Lyle will follow with its full-year performance on Thursday. The company should produce a significant gain on last year's 295m in pre-tax profit, with management likely focusing on its plans for Splenda, the artificial sweetener. The company opened a new factory to produce Splenda in Singapore last month, and CEO, Iain Ferguson, will be pressed for details on the group's plans to roll out the product globally. Amongst others in the spotlight this week will be Big Yellow on Monday; Mitchells & Butlers on Tuesday; Experian and EMI on Wednesday and Cable & Wireless; Scottish Power on Thursday and Britvic on Friday. Good hunting! Greystone Thanks, as always to Supermum, Digger and Kyoto for their invaluable input to the Traders Thread (Greystone is Alan English, City Editor at MoneyAM.) |
SVE price 27.50p | Higher for the last two days and it was buys only not one sell | On a rising trend it managed to BREAKOUT late last Friday as Indicators moving up from oversold | NAV at about 50% discount to share price as a couple of stocks have been rising to record level lately | Going 1p X-dividend next Wednesday 23th after selling APP for a record price and doing a bit of buyback at the same time |