Join our community of smart investors

Week Ahead 15-19 April

A summary of key company announcements expected in the coming week
April 12, 2013

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 at http://announce.ft.com and our daily online news summaries record all key company announcements and business press headlines.

Monday 15 April

Final: waterlogic

Trading statement: Primary Health Properties

AGMs: Antisoma, Primary Health Properties, Tanfield

Economics: Rightmove house price data

Tuesday 16 April

Interims: Carrs Milling Industries, Utilitywise

Finals: MP Evans, Walker Greenbank

Trading statements: Michael Page International, Porvair, Rio Tinto

AGMs: Perform Group, Porvair, Telecity

Economics: Producer price index, Office for National Statistics - house price data, consumer price index, Retail price index

Wednesday 17 April

Interim: Smiths News

Finals: JD Sports Fashion, Tesco

Trading statements: BHP Billiton, Burberry, Bunzl, Falkland Island Holdings, Hargreaves Lansdown, Hochschild Mining, MoneySupermarket.com, Speedy Hire

AGMs: Bunzl, Carnival, CLS, Hunting, MoneySupermarket.com, RusPetro

Economics: Bank of England Monetary Policy Committee minutes, unemployment data, average earnings data

Supermarket Tesco (TSC) reports full-year figures on Wednesday and the group is widely expected to use these results to announce its departure form the US. Tesco's business there - Fresh & Easy - is loss-making and chief executive Philip Clarke has been under pressure to review the operation since he took the helm in March 2011. But an exit won't be cheap - while a write-down of about £1bn is anticipated, broker Shore Capital also expects the process to involve cash costs of around £250m. In fact, Tesco's overseas operations have been a drag on recent performance. With its Christmas trading update in January, for example, the group reported like-for-like sales growth (excluding petrol sales) of just 0.3 per cent - yet UK like-for-like sales rose 1.7 per cent, while international like-for-like sales dropped 2 per cent. Broker Charles Stanley expects full-year pre-tax profit of £3.22bn, down from £3.54bn in 2012, with EPS down 11 per cent at 31p.

Thursday 18 April

Interim: Debenhams

Finals: Circle, Integra

Trading statements: African Barrick Gold, Diageo, e2v technologies, Evraz, Ferrexpo, Fresnillo, GKN, Jupiter Fund Management, Persimmon, Rexam, SABMiller

AGMs: African Barrick Gold, Belvoir Lettings, Devro, H&T, Jupiter Fund Management, Lavendon, Management Consulting, Persimmon, Rexam, Rio Tinto, SThree

EGM: Persimmon

Economics: Retail sales figures

Few surprises are likely from Debenhams' (DEB) half-year figures on Thursday after the department store group released a fairly grim half-year trading update last month. While like-for-like sales did rise 3 per cent overall in the half, snowy weather meant underlying sales slumped 10 per cent between 14-27 January. That also hit profit margins as management attempted to shift unwanted stocks. Accordingly, first-half pre-tax profit is likely to be about £120m, which is below the City's previous expectations. Broker Numis Securities now expects pre-tax profit for the year to the end of August 2013 of £155.9m - a downgrade from the broker's previously expected £166m and a fall on last year’s £158.3m - giving EPS of 9.9p. However, the broker also expects a 3.6p a share dividend - meaning an attractive 4.6 per cent yield. What's more, with the shares rated on just eight times expected earnings, there's plenty of recovery potential.

Friday 19 April

Trading statements: Anglo American, Anglo Platinum, Filtronic, Record, Spectris, William Hill

AGMs: Anglo American, Breedon Aggregates, Spectris, Sterling Energy, Ubisense

Shares going ex-dividend on 17 April

CompanyDividend (p)Payment
Alpha Real Trust1.053 May
Costain7.2524 May
EMIS7.13 May
Fresnillo$0.4248 May
Glanbia€0.054331 May
Hikma Pharmaceutical6.723 May
IDOX0.428 Apr
Johnson Service0.7417 May
John Wood$0.11322 May
Melrose5.013 May
Mobeus Income & Growth VCT2.015 May
Molins3.010 May
Mondi16.5116 May
Morgan Crucible Company6.431 May
Novae14.59 May
Persimmon75.028 Jun
Petrofac28.424 May
Rentokil Initial1.4321 May
Resolution14.0920 May
RM2.2515 May
Smith & Nephew10.38 May
Spirax-Sarco Engineering37.017 May
Taylor Wimpey0.4321 May
Tullow Oil8.016 May
Unite3.020 May
Vitec13.517 May

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.