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
Company | Dividend (p) | Payment |
Alpha Real Trust | 1.05 | 3 May |
Costain | 7.25 | 24 May |
EMIS | 7.1 | 3 May |
Fresnillo | $0.424 | 8 May |
Glanbia | €0.0543 | 31 May |
Hikma Pharmaceutical | 6.7 | 23 May |
IDOX | 0.4 | 28 Apr |
Johnson Service | 0.74 | 17 May |
John Wood | $0.113 | 22 May |
Melrose | 5.0 | 13 May |
Mobeus Income & Growth VCT | 2.0 | 15 May |
Molins | 3.0 | 10 May |
Mondi | 16.51 | 16 May |
Morgan Crucible Company | 6.4 | 31 May |
Novae | 14.5 | 9 May |
Persimmon | 75.0 | 28 Jun |
Petrofac | 28.4 | 24 May |
Rentokil Initial | 1.43 | 21 May |
Resolution | 14.09 | 20 May |
RM | 2.25 | 15 May |
Smith & Nephew | 10.3 | 8 May |
Spirax-Sarco Engineering | 37.0 | 17 May |
Taylor Wimpey | 0.43 | 21 May |
Tullow Oil | 8.0 | 16 May |
Unite | 3.0 | 20 May |
Vitec | 13.5 | 17 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.