19

May

The week ahead in company and finance

 

 

 

Monday June 13

 

No corporate reporting arranged

 

No economics scheduled

 

Tuesday June 14

 

Style chain Ted Baker will offer a photo of the luxury clothes market today when it publishes its outcomes for the 19 weeks to June 11 and holds its yearly investor meeting.

 

Shares in the FTSE 250 company have been volatile lately, trading at 22pc lower in the year to this day amidst broader concerns over its presence in China and the United States wholesale business. An ongoing depression in Chinese spending has struck luxury style houses such as Burberry, which posted a hefty 10pc slide in pre-tax earnings in its yearly results last month, but Ted Baker is expected to brush off the background of unpredictability overseas.

 

Analysts predict like-for-like sales will stay in the 1pc to 2pc range during the January 31 to June 11 duration, amidst double-digit total income growth. Ted Baker’s Chinese sales comprise just 2pc of business, although a downturn in United States outlet store sales is anticipated to temper growth.

 

Last year, yearly sales increased 17pc to 456.2 m across the group’s portfolio of 448 shops and concessions. We have 2 concerns, said John Stevenson, of analysts Peel Hunt. In the US, it is prematurely for sales weak point to impact orders. Menswear pricing feels on the high side for us, another location to probe. Financiers were rewarded with an 18.6 pc boost in the annual dividend to 47.8 p in 2014, on the back of a 20.3 pc jump in pre-tax profits to 58.7 m.

 

Increased confidence in the building market in North America will press Ashtead s earnings up when it reports its complete- year results.

 

Agreement figures said the hire company s pre-tax profit will be 620m, up from 489.6 m last year. As an outcome, dividend per share will move up from 15.25 p to 18.2 p.

 

Ashtead’s bid to quote the market share of its North American business, Sunbelt, looks to be moving ahead, and after the market reacted badly to terribly about statements capital expenditure earlier expense previously, Ashtead is likely to concentrate on focus plans for growth.

 

Full-year results Shield Therapeutics, Park Group, Ashtead Group, Falkland Islands Holdings, CML Microsystems, Halma, Trifast, Findel

 

Interim outcomes Crest Nicholson, Servoca

 

Economics BoE home mortgage loan providers and administrator’s stats

 

Wednesday June 15

 

Real estate huge Berkeley Group remains in line to report record profits for the year ending April 30, with agreement price quotes anticipating a 4.9 pc rise in earnings to 1.96 bn.

 

The Surrey-based property developer is expected to report pre-tax earnings of 487.3 m, up 3.8 pc on the year. Investors are likewise keeping an eye on the housebuilder s future prospects, as the market is currently facing the prospect of stagnating rates, or even a small fall in housing, as first-time property buyers are stretched and foreign financiers may cut back spending if the UK leaves the EU.

 

As Berkeley is particularly exposed to the London market, creator and chairman Tony Pidgeley will be expected to upgrade investors on the outlook for rates in the capital.

 

Full-year outcomes Berkeley Group

 

Yearly general conferences International Consolidated Airlines Group, Kingfisher, Jimmy Choo, HSS Hire

 

Group

 

Thursday June 16

 

Charles Stanley, the 224-year old wealth management firm in the middle of a turnaround, posts results for what has shown to be a hard year for the City veteran.

 

Business has been rocked by tumultuous markets that have actually alarmed investors, and it revealed in April that possessions under management had been up to 20.5 bn at the end of March, from 21.3 bn a year earlier. It also said in April that total group profits for the 12 months were down 5.4 pc to 141.5 m, partly because it offloaded its stockbroking company during the year to concentrate on wealth management.

The sale formed part of employer Paul Abberley’s turn-around plan and investors will be keen to become aware of the overhaul s progress.

 

Full-year outcomes Consort Medical, Purplebricks, WS Atkins, Darty, Redcentric

 

Interim outcomes Safestore Holdings, CareTech Holding

 

Economics Publication of the June MPC choice and minutes

 

Friday June 17

 

Yearly general meetings JD Sports, Hunters Property, Silence Therapeutics, Zincox Resources

 

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