Business Information Service: This week
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.MONDAY: As demand for steel continues to fall, the City expects final pre-tax losses of between pounds 130m and pounds 170m at British Steel, against a pounds 55m loss last time. The dividend could be slashed from 4.5p to 1p.
The UK ex-EC visible trade figures for May are expected to show a pounds 0.9bn deficit, little changed from the deficit of pounds 0.83bn in April.
TUESDAY: Interim figures from First Leisure should show tentative signs of recovery even though earnings will be depressed by a higher tax charge. Pre-tax profits up by 5 per cent to pounds 12.3m are expected.
Final results from Hazlewood Foods are expected to show that it is the furthest company along the road to recovery in the sector, with profits up by 6 per cent to pounds 54.5m.
The final figure for UK Q1 GDP is expected to show little change on the preliminary figure, which had annual growth at 0.8 per cent. The UK Q1 current account will show estimates of the invisible surplus.
WEDNESDAY: Charter Consolidated ends the year with a cash pile of pounds 395m, swelled by the disposal of its Johnson Matthey stake for pounds 275m. Analysts expects pre-tax profits to have fallen 5 per cent to pounds 70m.
Norweb should report pre- tax profits up 12 per cent to pounds 154m, its distribution business being the main provider. The dividend increase is likely to be restricted to 12 or 13 per cent.
THURSDAY: Lonrho's full-year results will be boosted by the recent strength in gold and platinum, but trading conditions in the first half have remained difficult and an 8 per cent fall in interim pre-tax profits to pounds 35m is likely.
No surprises at Shanks & McEwan, whose 1 June announcement regarding construction provisions indicated that final pre-tax profits would be around pounds 29m, a 7 per cent fall, which is better than the City had feared.
Investors in South Western Electricity will scrutinise its final figures for the performance of its retail division, which made a pounds 2.6m loss in the first half. Profits should still be ahead by 20 per cent at pounds 100m.
TSB Group's interim results should show an encouraging fall in bad debt provisions relative to the previous six months. Pre- tax profits are forecast at pounds 90m, flat on last year, but a turnaround from the pounds 49m loss in the second half of 1992.
FRIDAY: Final profits of pounds 35m at London International would mean an 11 per cent fall. Analysts will watch the photoprocessing division, where revenues were ahead 4 per cent in the first half and profits declined 45 per cent. Revenue growth from the condom business should be above group average.
The City is looking for an increase of 10 per cent in Yorkshire Electricity's final pre-tax profits, although retail provision will probably prevent it producing its 15 per cent 'managed' earnings growth.
UK CBI trends will attract interest, given recent evidence that the manufacturing sector is relatively robust.
Results: NatWest Securities. Median economic forecasts: MMS International.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments