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Date: Wednesday 15 Oct 2008
LONDON (ShareCast) - Soft drinks company Britvic said last month that trading performance in the second half has been better than expected, with the exception of Ireland, where conditions have been more difficult. The two factors should balance each other out, allowing the company to hit full-year profit expectations. US banking group Citigroup is expecting revenue growth of just under 5%.
Carbon trading credits company Trading Emissions should announce pre-tax profits of close to £200m, according to broker KBC Peel Hunt. The broker says: “Upside potential remains, with further value potential from equity investment revaluations, further growth in the portfolio, reinvestment opportunities and life beyond 2012.”
KBC, which rates the stock a “buy”, expects the company’s net asset value per share will be upgraded to 230p+ from 184p previously, although KBC’s “fair value” estimate is lower at 160p, since it takes into account greater risk discounts.
INTERIM DIVIDEND PAYMENT DATE
Computacenter, Davis Service Group, French Connection, Restaurant Group, United Business Media
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Capacity Utilisation (US) (14:15), Consumer Price Index (US) (13:30), Industrial Production (US) (14:15), Initial Jobless Claims (US) (13:30), Philadelphia Fed Index (US) (15:00)
FINALS
Air Partner, Nautical Petroleum, Smiths News, Trading Emissions
AGMS
City of London Investment Trust, Eaga, Finders Resources, Mattioli Woods, Mirada, Stonemartin
FINAL DIVIDEND PAYMENT DATE
Mid Wynd International Trust
TRADING STATEMENTS
Britvic