Week Ahead: 10-14 February

Monday 10 February

Final: Catlin

AGM: Impax Asset Management

Companies paying dividends: ITE (4.7p), Laura Ashley (special 1p), Paragon Group of Companies (4.8p)

Tuesday 11 February

Interims: dotDigital, Dunelm, Hargreaves Services, McBride

Final: Barclays

Trading statements: Babcock International, Bellway, Cable & Wireless Communications, Glencore Xstrata, Thomas Cook

AGM: RWS

Economics: British Retail Consortium like-for-like sales

Companies paying dividends: DCG Iris (1.25p), Dunedin Smaller Companies (3.1p)

After media speculation last month suggesting that mass branch closures were on the cards at Barclays (BARC), a focus on the bank's cost base looks likely when the lender announces full-year figures on Tuesday. Management has since insisted that there's "no intention to make an announcement about branch closures", which has left some analysts sounding disappointed about the bank's plans to tackle costs. Indeed, late last month Barclays reiterated its 2013 cost-base guidance of £18.5bn, compared with a consensus estimate of around £18.3bn. "Barclays can and should move quicker on costs," notes banking analyst Ian Gordon of Investec Securities.

Capital adequacy is another issue likely to face scrutiny. True, last July's rights issue did help to bolster the bank's fairly slender capital ratios, but concerns still persist regarding Barclays' ability to comfortably meet tough Basel III capital rules. Still, unlike RBS (RBS) and Lloyds (LLOY), Barclays seems unlikely to face unexpected provision hikes against PPI and the mis-selling of interest-rate products - it's widely thought to have effectively kitchen-sinked those issues in the second quarter of 2013. Further credit-quality improvements at the retail bank are also likely as economic recovery continues to take hold. But after mixed investment bank figures from US lenders, analysts are expecting a somewhat soft performance from Barcap. Overall, Investec expects reported group pre-tax profit to bounce back to £2.8bn for 2013 from 2012's £797m.

At 268p and trading at 0.9 times Investec's 2013 net tangible assets estimate (292p), Barclays' shares aren't expensive for the sector. But with concerns on capital and costs, and with a relatively significant exposure to volatile investment banking, re-rating potential remains limited for now. Hold.

Wednesday 12 February

Interims: Avanti Communications, Town Centre Securities

Finals: African Barrick Gold, Reckitt Benckiser, Telecity, Tullow Oil

Trading statements: Asia Resource Minerals, Atkins (WS), Smurfit Kappa

EGM: IP

Economics: Bank of England inflation report

Companies paying dividends: Octopus VCT 3 (5p), Octopus VCT 4 (5p)

Tullow Oil's (TLW) market value has contracted by a third over the past year as the market has been forced to digest an uncharacteristically poor run on the exploration front, combined with production shortfalls at the company's flagship Jubilee field off the coast of Ghana. Much of the bad news, including write-downs in excess of $700m, has already been factored into Tullow's share price, so the market will be looking beyond the numbers on release of the full-year results next Wednesday. There is renewed optimism in light of two recent oil discoveries in northern Kenya, which prompted Tullow to nearly double its estimate of discovered resources in the South Lokichar Basin to more than 600m barrels of oil. Further details on Tullow's drilling progress in Mauritania are also keenly anticipated by investors - and the industry generally - as a successful programme could open up another new arena in West Africa. We anticipate a share price bounce once appraisal work crystallises the prospective resources in east Africa, but for now the shares rate a hold.

Thursday 13 February

Finals: Amec, Lancashire, Lloyds Banking, Morgan Advanced Materials, New World Resources, Rio Tinto, Rolls-Royce, Shire, SVG Capital

Trading statements: Imperial Tobacco, Tate & Lyle

AGMs: easyJet, LXB Retail Properties

EGM: IMI

Economics: RICS house prices

Companies paying dividends: Cardiff Property (9.25p), Conygar Investment (1.5p), Euromoney Institutional Investor (15.75p)

Plane manufacturers are racing to work through record order backlogs. That's good news for Rolls-Royce (RR.), whose engines power many of them, including the Boeing 787 and new Airbus A350. Defence work - estimated to be over a fifth of sales last year - has also been surprisingly reliable, and full-year results should reveal "modest" growth in group revenue and "good" growth in underlying profit, according to a November update.

Yes, there have been unwelcome headlines. A Serious Fraud Office probe into alleged bribery in China and Indonesia, and allegations that Rolls risked radiation exposure at its plant in Derby, could result in big fines. But with an estimated £1.6bn of net cash at the year-end, that will not be a problem. Spending what's left might be. An attempt to buy Finnish marine engine maker Wärtsilä - which would have given Rolls greater balance between aerospace and industrial markets - failed. But a big-money acquisition in this area is still the most likely outcome.

Broker JPMorgan Cazenove expects adjusted pre-tax profit to have risen 27 per cent in 2013 to £1.81bn, giving adjusted EPS of 68.4p, and for earnings to grow by at least 13 per cent each year until 2017. That makes Rolls' shares, trading on less than 15 times earnings, a snip at 1,153p. Buy

Friday 14 February

Finals: Anglo American, Riverstone Energy

Trading statement: Severn Trent

EGM: McKay Securities

Economics: Construction output

Companies paying dividends: Alcentra European Floating Rate (1.35p), Anite (0.575p), British Land (6.75p), Consort Medical (7.35p), CVC Credit Partners European (1p), Investors in Global Real Estate (1.05p), North American Income Trust (6p), Numis Corporation (5p), QinetiQ (1.4p), Shaftesbury (6.25p)

Companies going ex-dividend on 12 February

The ex-dividend date is the first day on which it is no longer possible to buy the shares and qualify for the dividend. Ex-days are almost always a Wednesday. The record date is usually two days after the ex-date. The payment day is the day on which the funds are transferred to shareholders.