Portfolio

Week Ahead: Debenhams facing tough comparitives

Date: Friday 22 Jun 2012

Week Ahead: Debenhams facing tough comparitives

Department store group Debenhams is set to give a trading update on Thursday and broker Panmure Gordon thinks the positives should include the strong womens-wear collection at the recent autumn/winter 2012 show, and something described as 'a market-leading front end multichannel proposition.'

That being said, the company is going up tough comparatives from a year ago at a time when the High Street is having a rough old time of it. On top of that, Debenhams has 20 of its stores undergoing refurbishment in the second half of its financial year, which is sure to disrupt sales.

The statement is set to cover trading in the 16 weeks to June 23rd, with numbers also provided for a 42-week period to the same date.

"For the 16 week period to be reported next week, we think that 1.4% GTV [gross transaction value] growth and 1.3% LFL [like-for-like] sales decline are reasonable estimates," Panmure Gordon said.

Monday June 25

INTERIM DIVIDEND PAYMENT DATE
Titon Holdings

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
New Homes Sales (US) (15:00)

GMS
Monitise

FINALS
Bango, City of London Group, Cohort

ANNUAL REPORT
HydroDec Group

AGMS
Andes Energia, Anglo Asian Mining, Coca-Cola HBC S.A., Condor Resources, Crawshaw Group, Energetix Group, European Islamic Investment Bank, HydroDec Group, Open Joint Stock Company Inter Rao Ues GDR RegS, Oxus Gold, Pactolus Hungarian Property, Panmure Gordon & Co, SeaEnergy, Westside Investments, YCO Group

FINAL DIVIDEND PAYMENT DATE
Nippon Telegraph & Telephone Corp.

Tuesday June 26

INTERIMS
Domino Printing Sciences, Lo-Q, Ocado Group, Porvair

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence (US) (15:00)

GMS
Public Power GDR SA (Reg S)

FINALS
Carpetright, Stagecoach Group, Victoria

EGMS
Air China Ltd.

AGMS
Anglo-Eastern Plantations, Asterand, British American Inv Trust, Carador Income Fund EUR Shares, Downing Planned Exit VCT 6, Downing Planned Exit VCT 8, Fitbug Holdings, InterQuest Group, Mediterranean Oil & Gas, Mitsubishi Corp., OSJC Center for Cargo Container Traffic Transcontainer GDR (Reg S), Prime People, Providence Resources, Sierra Rutile Ltd, Strategic Minerals, Sunkar Resources, Tangent Communications, Ultima Networks, Universe Group, Zincox Resources

TRADING ANNOUNCEMENTS
Petrofac Ltd.

UK ECONOMIC ANNOUNCEMENTS
Public Sector Finances (09:30)

FINAL DIVIDEND PAYMENT DATE
Dillistone Group, Spectris, St Peter Port Capital Ltd

Wednesday June 27

INTERIM DIVIDEND PAYMENT DATE
Majedie Investments

INTERIM EX-DIVIDEND DATE
Compass Group, Jupiter Green Inv Trust, Octopus Titan VCT 1, Octopus Titan VCT 2, Octopus Titan VCT 3

QUARTERLY PAYMENT DATE
BP

QUARTERLY EX-DIVIDEND DATE
Africa Opportunity Fund Ltd., Dow Chemical Co, Molex Inc., Molex Inc. 'A' Shares, Yamana Gold Inc.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Durable Goods Orders (US) (13:30)
MBA Mortgage Applications (US) (12:00)
Pending Homes Sales (US) (15:00)

GMS
Hampson Industries

FINALS
Northgate, Plastics Capital, Sutton Harbour Holdings

ANNUAL REPORT
Pennon Group

AGMS
Aberdeen New Thai Inv Trust, BlackRock Smaller Companies Trust, Brightside Group, C&C Group, Forum Energy, Global Energy Development, Herencia Resources, IFG Group, Invista Real Estate Investment Management Holdings, JSC Chelyabinsk Zinc Plant GDR (Reg S), Lukoil 'B' GDR (Reg S), Martin Currie Pacific Trust, Natasa Mining Ltd. (DI), NBNK Investments, Nostra Terra Oil & Gas Co, Octopus VCT 2, Sovereign Mines of Africa, Viridas, Walker Greenbank, Westminster Group, Yujin International Ltd. (DI)

TRADING ANNOUNCEMENTS
CPP Group

UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
CBI Distributive Trades Surveys (11:00)

FINAL DIVIDEND PAYMENT DATE
Fortune Oil, Share Plc

FINAL EX-DIVIDEND DATE
Aberdeen All Asia Inv Trust, Aurora Investment Trust, Brown (N.) Group, Caffyns, Chamberlin, Charles Stanley Group, Downing Planned Exit VCT 2 'C' Shares, Downing Planned Exit VCT 2 'D' Shares , Downing Planned Exit VCT 3 'C' Shares, Downing Planned Exit VCT 3 'D' Shares , Ensor Holdings, Helical Bar, Hogg Robinson Group, Homeserve, ICAP, IFG Group, KCOM Group, MDM Engineering Group Ltd. (DI), Montanaro European Smaller Companies Trust, Montanaro UK Smaller Companies Inv Trust, Next, Norcros, Northern 2 VCT, Octopus Apollo VCT 1, Octopus Apollo VCT 2, Octopus Apollo VCT 3, PayPoint, Petropavlovsk, Phaunos Timber Fund Ltd., Restaurant Group, Tate & Lyle, Templeton Emerging Markets Inv Trust, Trifast, UK Mail Group , Vislink, Wynnstay Properties

Thursday June 28

INTERIM DIVIDEND PAYMENT DATE
Town Centre Securities

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Bloomberg Consumer Confidence (US) (14:45)
Business Climate Indicator (EU) (10:00)
Continuing Claims (US) (13:30)
Economic Sentiment Indicator (EU) (10:00)
GDP (Final) (US) (13:30)
Initial Jobless Claims (US) (13:30)
PMI Retail (EU) (09:00)
PMI Retail (GER) (08:55)
Unemployment Rate (GER) (08:55)

FINALS
Greene King, ReNeuron Group, Smith (DS)

ANNUAL REPORT
Castings, Maple Energy

AGMS
Amati VCT , Black Sea Property Fund Ltd (The), Cosalt, Crimson Tide, DCD Media, Dods (Group) , EIH Plc, Elektron Technology, Eurasia Mining, Evolve Capital, Harvey Nash Group, JSC Acron GDR (Reg S), JSC Sitronics GDR (Reg S), Ludorum, Maple Energy, National Bank of Greece ADR, OAO Severstal GDR (Reg S), Red Leopard Holdings, Scottish Mortgage Inv Trust, Serica Energy, Solgold, Stobart Group Ltd., Tullow Oil, Watermark Global, Xenetic Biosciences, Xtract Energy

UK ECONOMIC ANNOUNCEMENTS
Balance of Payments (Payment Balance) (09:30)
Current Account (09:30)
GDP (quarterly national accounts) (09:30)
Index of Services (09:30)

FINAL DIVIDEND PAYMENT DATE
British American Inv Trust

Friday June 29

INTERIMS
eServGlobal Ltd.

INTERIM DIVIDEND PAYMENT DATE
A&J Mucklow Group, Artemis VCT, GCP Infrastructure Investments Ltd, Jersey Electricity 'A' Shares, Keystone Inv Trust, Local Shopping REIT, Northern Venture Trust, Numis Corporation

QUARTERLY PAYMENT DATE
MedicX Fund Ltd., Premier Energy & Water Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Payments (GER) (07:00)
Chicago PMI (US) (13:45)
International Reserves (EU) (11:00)
M3 Money Supply (EU) (09:00)
Retail Sales (GER) (07:00)
U. of Michigan Confidence (Final) (US) (15:00)

GMS
Alpha Bank GDR (Reg S) USD, Motive Television

FINALS
Berkeley Group Holdings (The), Betfair Group

ANNUAL REPORT
Investec, Synergy Health

AGMS
3i Group, AEC Education, Alecto Minerals, Allanfield Group, Alpha Bank GDR (Reg S) USD, Ambrian Capital, Aqua Resources Fund Ltd, Ariana Resources, Atlantic Coal, Beowulf Mining, Cellcast, China Food Co, Deo Petroleum, Dragon-Ukrainian Properties & Development, Energiser Investments, Global Brands S.A, Gold Oil, Hals-Development JSC GDR (Reg S), Hambledon Mining, Inspired Energy, InternetQ, JSC Federal Grid Company of Unified Energy System GDR (REG S), KEFI Minerals, Kryso Resources, Leni Gas & Oil, Magnolia Petroleum, Mercury Recycling Group, MMC Norilsk Nickel ADR, North River Resources, Northern Petroleum, OAO Tatneft GDR (Reg S), Photon Kathaas Productions (DI), Photonstar LED Group, PLUS Markets Group, Reach4Entertainment Enterprises, Rurelec, Silanis International Ltd., Specialist Energy Group, Straight, Tesco, Treveria, Water Hall Group, Woburn Energy

TRADING ANNOUNCEMENTS
Keller Group, Wood Group (John)

UK ECONOMIC ANNOUNCEMENTS
Consumer Confidence (09:30)
GFK Consumer Confidence (00:01)
Index of Services (09:30)

FINAL DIVIDEND PAYMENT DATE
Aberdeen New Thai Inv Trust, BrainJuicer Group, Cupid, Dignity, Downing Planned Exit VCT 6, Downing Planned Exit VCT 7, Downing Planned Exit VCT 8, Downing Planned Exit VCT 9, Hilton Food Group, International Power, Pacific Assets Trust, Prime People, Rotala, Vindon Healthcare

FINAL EX-DIVIDEND DATE
Air China Ltd.

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