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Week Ahead 13-17 May

A summary of key company announcements expected in the coming week
May 10, 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 13 May

Interims: Diploma, Planet Payment, Treatt

Final: Blinkx

Trading statements: Centrica, Dignity, DRS Data & Research Services, Glencore, Interserve, Johnston Press, Lonmin, Velti

AGMs: Bioquell, Centrica, DRS Data & Research Services, Fiberweb, Interserve, Microgen, PPHE Hotel Group

Tuesday 14 May

Interim: Enterprise Inns

Finals: Babcock International, Braemar Shipping Services, British Land, DCC, e-Therapeutics, ICAP, Lombard Risk Management, Nature

Trading statements: APR Energy, Balfour Beatty, Capita, Paddy Power, Rathbone Brothers, Sportech

AGMs: Amerisur Resources, APR Energy, Capita, Cello, Grafton, IP, Paddy Power, Rathbone Brothers, Royal Bank of Scotland, Sportech, Standard Life, Toumaz

Economics: RICS house prices

A pre-close trading update for the year to the end of March from engineering outsourcer Babcock International (BAB) revealed that the group's order book had merely remained stable at £12bn. Of more interest was the growth of the bid pipeline - that increased from £14bn in January to £15.5bn at the start of April.

The most significant addition to the pipeline was a logistic and commodities services transformation contract with the Ministry of Defence (MoD). That involves supplying spare parts to keep the military moving and comprises a joint venture with DHL that's expected to be awarded in 2015. The MoD has valued the contract at between £6bn and £13bn - yet analysts think management has only included about a £1bn from this so far, which suggests that the pipeline is valued too conservatively at present.

Espirito Santo expect adjusted pre-tax profit to rise 17 per cent in the year to the end of March 2013 to give profits of £319.6m, EPS of 69.9p and a dividend of 25.9p. On that basis, the shares are rated on 15 times earnings, which is starting to look full enough.

Wednesday 15 May

Interims: Compass, easyJet, OMG

Finals: C&C, Datatec, Land Securities, London Stock Exchange, Speedy Hire

Trading statements: Ark Therapeutics, Cape, Centamin, FBD, Greggs, Hill & Smith, Hilton Food, ITV, Marshalls, Serco, Vitec, Wood (John).

AGMs: Burford Capital, Candover, Cape, Chime Communications, Cineworld, EKF Diagnostics, FBD, French Connection, Greggs, Gresham Computing, Hill & Smith, Hilton Food, Informa, ITV, Marshalls, Rentokil, Restaurant Group, RSA Insurance, Sagentia, SeaEnergy, Serco, Vitec, Unilever, Wood (John), Xchanging, Zotefoams

Economics: Employment data, Average earnings, Bank of England inflation report

Catering giant Compass (CPG) - one of our Tips of the Year for 2013 - has had a strong first half of the year and management guidance for the full year remain positive. Organic revenue growth for the first half is expected to be towards 5 per cent on a comparable working days basis, excluding the negative impact of the timing of easter. This has been driven by good levels of new business wins and high rates of retention for the group overall.

Contributions from acquisitions are expected to be largely offset by the impact of the disposal of the US Corrections business in March 2012. Free cash flow conversion is forecast to remain strong, which underpins the 10 per cent-plus dividend hike forecast by analysts and a £400m share buy-back programme.

For the 12 months to the end of September 2013, analysts expect adjusted EPS to rise by 10 per cent to 46.2p. The shares are up 16 per cent on our buy tip and we remain positive on the company's long-term prospects.

Thursday 16 May

Interims: Euromoney Institutional Investor, Grainger, Impax Asset Management, Marston's, Optos

Finals: Invensys, National Grid, Shanks, Stobart, Talktalk Telecom, Vedanta Resources

Trading statements: Afren, Antofagasta, Aviva, Bovis Homes, Bumi, Cairn Energy, Capital & Regional, Dixons Retail, Inchcape, Kier, New World Resources, Premier Oil, Rank, Synthomer, Trinity Mirror, SIG, UTV Media

AGMs: Amlin, Balfour Beatty, Bovis Homes, Cairn Energy, Corac, Hikma Pharmaceuticals, Hiscox, Inchcape, Lloyds Banking, Next, Prudential, Resolution, Synthomer, Trinity Mirror, Tullow Oil, Unite, UTV Media, Xcite Energy, Xaar

Friday 17 May

Final: Rugby Estates

Trading statements: Brammer, Centaur Media, Chesnara, Headlam, Huntsworth, Intertek, John Menzies, Petrofac, Premier Farnell, Tribal

AGMs: Brammer, Chesnara, Comptacenter, Derwent London, Dunedin Enterprise, Intertek, John Menzies, Kazakhmys, Kentz, Petrofac, Symphony Environmental Rechnologies, Tribal

Shares going ex-dividend on 15 May

CompanyDividend (p)Payment
888313 Jun
8881.33313 Jun
Acorn Income Fund228 Jun
Carillion11.8514 Jun
Computacenter10.514 Jun
G4S5.5414 Jun
Gresham House2.57 Jun
Hydro3.610 Jun
Inmarsat23.7224 May
Management Consulting0.5952 Jul
Medicx Fund NPV1.42528 Jun
Morrison (Wm) Supermarkets8.3119 Jun
Northbridge Industrial Services3.5757 Jun
Office2Office3.611 Jul
Polymetal2019 Jun
Premier Oil527 Jun
Robinson2.251 Jun
Royal Dutch Shell 'A'29.0727 Jun
Sagentia17 Jun
SDL6.114 Jun
Tandem2.214 Jun
TT Electronics3.530 May
Utilico Emerging Markets Utilities1.5255 Jun
Vesuvius9.527 Jun
Whitbread37.912 Jul

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.