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Week Ahead 3-7 December

A summary of key company announcements expected in the coming week
November 30, 2012

Welcome to the week ahead, our summary of the forthcoming key company announcements. Companies are no longer obliged to notify the London Stock Exchange (LSE) of results and trading updates, so this list does not claim to be comprehensive. You can read company announcements on at http://announce.ft.com and our daily online news summaries record all key company announcements and business press headlines.

Monday 3 December

Interim: Sirius Real Estate

Trading statement: City of London Investment Group

EGM: Integra

Economics: Purchasing managers' index - manufacturing, Hometrack housing survey

 

Tuesday 4 December

Interims: Anite, Greene King, May Gurney Integrated Services, NewRiver Retail, Northgate, ReNeuron, Vianet

Finals: Datong, ITE, Pressure Technologies, TUI Travel

Trading statement: Wolseley

AGM: Northamber

EGMs: Cenkos Securities, Yule Catto

Economics: British Retail Consortium November sales, Purchasing managers' index - construction

 

Wednesday 5 December

Interims: First Property, Stagecoach

Finals: Brewin Dolphin, Innovation, Jelf, Numis, Sage, Silverdell

Trading statement: Tesco

AGMs: Asia Digital, K3 Business Technology

Economics: British Retail Consortium shop price index, Official reserves, Purchasing managers' index - services, Chancellor of the exchequer Autumn Statement

Three weeks ago Stagecoach (SGC) said profitability was "good" and that there had been no change to forecasts for the full year. Investec Securities is looking for a 9 per cent increase in underlying earnings to 27.3p a share and a quick look at the numbers explains the company's positive tone. April's price hikes increased revenue at the regional bus division by 3.6 per cent and rail accelerated during the second quarter, too, so half-year revenue there will be up almost 8 per cent. Letting loss-making contracts go meant income from Stagecoach's London bus routes fell slightly, but new contracts and dearer tickets will reverse that in the months ahead. Budget coach operator Megabus is driving double-digit growth in North America. We may also find out what the West Coast mainline extension will be worth, although it's the potential for new rail franchises when the Department of Transport eventually fixes the process next year that's of real interest. Any disruption from super storm Sandy is likely to be negligible.

 

Thursday 6 December

Interims: Falkland Island, Micro Focus International, Mulberry, Smith (DS)

Finals: Caretech, OMG, Redhall, Titon

Trading statements: Aer Lingus, easyJet, Premier Farnell, PZ Cussons, Standard Chartered

AGMs: RSM Tenon, Wessex Exploration

EGM: 3Legs Resources

Economics: Trade figures, Bank of England interest rate announcement, BoE asset purchase target, New car registrations

 

Friday 7 December

Interims: Berkeley, Polar Capital

Trading statements: Air Partner, Bellway

AGMs: Air Partner, Associated British Foods, Frontier Mining, Gleeson (MJ), Interior Services, James Halstead, Minco, Renewable Energy Generation, Waterman

Economics: Industrial production, Manufacturing output

Berkeley (BKG) announces half-year results on Friday and is expected to confirm that a strong trading performance from the bespoke housebuilder will underpin its long-term strategy of returning £13 a share in dividends to investors by 2021. In an interim management statement, the group has already confirmed that earnings for this year are likely to be at the top end of consensus estimates of pre-tax profits of £224m and EPS of 122.1p. Three new sites have been acquired predominantly on deferred terms since the start of the year in Wapping, Hammersmith and Chiswick, and Berkeley expects to achieve a potential gross margin on its land holdings of £3bn by April 2014. Selling prices are likely to have held up well, reflecting continued limited supply of quality homes in London. Pre-tax profits in the financial year to April were up 58 per cent to £215m, and while the shares, at 1,587p, now trade at the highest premium to net asset value of all the UK housebuilders, and not an overly cheap 13 times forecast earnings, the strong growth profile and the prospect of a hefty dividend return justify the premium.

Shares going ex-dividend on 5 December

CompanyDividend(p)Payment
Alliance Pharma0.27515 Jan
Alpha Pyrenees0.67 Jan
Associated British Foods20.011 Jan
Atkins (WS)10.011 Jan
Baronsmead VCT 25.018 Jan
Baronsmead VCT3.518 Jan
Big Yellow5.04 Jan
British Empire Sec & General Trust3.57 Jan
British Empire Sec & General Trust7.57 Jan
Britvic12.418 Jan
Brown (N)5.454 Jan
Carnival3.12528 Dec
Cello0.584 Jan
City Of London0.334 Jan
CVS1.521 Dec
Debenhams2.311 Jan
Electrocomponents5.011 Jan
Grainger1.378 Feb
Headlam4.652 Jan
Homeserve3.633 Jan
Invesco Income Growth Trust2.031 Dec
IRP Property Investments1.828 Dec
Land Securities7.410 Jan
London Stock Exchange9.77 Jan
Majestic Wines4.04 Jan
Management Consulting0.238 Jan
Norcros0.1558 Jan
Northamber0.7518 Jan
Northern 3 VCT2.011 Jan
Renewable Energy Generation1.59 Jan
Rensburg AIM VCT1.528 Dec
SABMiller15.058414 Dec
Shanks1.111 Jan
Slingsby (HC)4.04 Jan
Tarsus2.218 Jan
TR Property Inv Trust2.658 Jan
TR Property Inv Trust Sigma1.058 Jan
UK Mail6.418 Jan
Value & Income Trust4.04 Jan
YouGov0.517 Dec

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.