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A Brief Look At The Week Ahead | |
After a few light results weeks and the long Easter weekend, the City is set to resume normal service this week, fronted by a couple of the real heavyweights; Tesco and BP. Tesco is expected to unveil another year of unswerving growth when it publishes full-year results on Tuesday with profits of over 2.2bn anticipated. Investors will be hoping for news of more cashback plans tied up with re-shaping the company's property portfolio. Also on Tuesday, BP takes the floor. Just a week after the oil price broke yet another record, pushing above $74 per barrel, Williams de Broexpects the company to post $5.24bn in net income for the first three months of the year. More important than those numbers, however, will be the company's view about production for the rest of the year and to what degree its massive share buyback program, funded by the soaring oil price, is likely to continue. Imperial Tobacco should light up Wednesday with Williams de Broexpecting the group to report 543m in pre-tax profit, a 10% jump over the same period last year. As much as analysts would like its CEO to give his view on a JP Morgan research note that suggested IMT should buy the Franco-Spanish rival Altadis, he is unlikely to say a word. Thursday is set to be a "medical day" as AstraZeneca, GlaxoSmithKline and Shire line up to publish interim results, along with prosthetics maker, Smith & Nephew. GlaxoSmithKline is arguably the best positioned among its peers in terms of new drugs in development. Williams de Broexpects 1.8bn in profits before tax. Goldman predicts $401m, 20% ahead of the year before, from Shire Pharma, on the back of surging sales for its hyperactivity treatment, Aderrall XR. Investors, however, continue to worry about the attempts by Barr Pharmaceuticals to make a cheap generic version of the drug. The US Food and Drug Administration said last week that it needs more time to test copycat versions, which could lead Barr to the negotiating table. Solid numbers are expected from Smith & Nephew, rather than anything very exciting. Other companies under scrutiny this week will include Peter Hambro Mining on Monday; Whitbread on Tuesday; Amvescap on Wednesday, with Reckitt Benckiser and Fortune Oil on Thursday. A busy week in prospect, whatever sector interests you. Should be fun! Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.) |
Share | Volume | Chart | News | Various |
CHP price 16.125p | Higher volume buying than usual last Friday | Last week end of pendant on the chart has change the direction on the share price, now the MACD is crossing on the way up an becomes more positive | Still waiting for an update of flowing rates on Puerto Lopez, Colombia are ahead of previous expectations, has recently raised funds which should see it through its current near term exploration budget | Has three exploration blocks in Colombia and 3 in Paraguay with new updates about some of the blocks around the end of this month and next |