Week Ahead: Morrisons, Aberdeen Asset

Date: Friday 29 Apr 2011

It’s another shortened week in the UK, but with just as many – if not more – big companies producing results as in a full week.

Supermarket group Morrison (Wm.) brings out a trading update on Thursday covering the three months to the beginning of May. Nomura predicts like for like sales growth, excluding fuel and value added tax (VAT) of 1.3% from a year earlier. With fuel included, the broker is tipping growth will hit the 4% mark.

“With the Netto stores set to come through in Q2 and, we believe, no new store openings in Q1, we expect a new space impact on sales of less than +2%. This should build through not only in 2011 but also 2012 and 2013 to reach +5% (c.8% gross space),” the broker said.

“As management provided a much greater depth of strategy at the recent prelims and surprised positively with respect to its new space plans, we expect little new information on its strategic initiatives. Nonetheless, trade press continues to highlight the group‘s quiet progress, notably with trial convenience stores to be opened in the affluent northern towns of Ilkley and Wilmslow, and with a further site in Merseyside,” Nomura added.

Fund manager Aberdeen Asset Management issues its interim results, with RBS going for underlying profit before tax of £133.2m.

“In terms of fund flows, we forecast 2Q11 flows of £0.7bn, up from -£0.8bn in 1Q11 (and £0.2bn for two months to 28 February). We expect a dividend of 3.8p, in line with the 2010 final,” RBS added.


Monday May 02

QUARTERLY PAYMENT DATE
Verizon Communications

FINAL DIVIDEND PAYMENT DATE
Bayer AG

Tuesday May 03

INTERIM DIVIDEND PAYMENT DATE
Asian Citrus Holding, NWF Group, St Ives

INTERIM EX-DIVIDEND DATE
Telefonica SA

QUARTERLY PAYMENT DATE
Mercantile Inv Trust

FINALS
GoIndustry-DoveBid

AGMS
F&C Asset Management, Inmarsat, IP Group, Randgold Resources Ltd., Restore, Tikit Group, Volkswagen AG

UK ECONOMIC ANNOUNCEMENTS
CBI Distributive Trends Surveys (11:00)

FINAL DIVIDEND PAYMENT DATE
Lavendon Group

Wednesday May 04

INTERIMS
Aberdeen Asset Management, Avon Rubber, Sage Group

INTERIM EX-DIVIDEND DATE
Lok'n Store Group, Swallowfield

QUARTERLY EX-DIVIDEND DATE
Bankers Inv Trust, Barclays

IMSS
AZ Electronic Materials SA (WI), CRH, CRH, Legal & General Group, Logica, Next, Provident Financial, WSP Group

SPECIAL EX-DIVIDEND PAYMENT DATE
Antofagasta, Edinburgh Inv Trust

EGMS
Aviva

AGMS
Abbey Protection, Aviva, AZ Electronic Materials SA (WI), BAE Systems, BBA Aviation, BlackRock World Mining Trust, Carillion, CEPS, Communisis, CRH, Grafton Group Units, Henderson Group, JSC Kazkommertsbank GDR (Reg S), Logica, Media Corp., Moneysupermarket.com Group, Nichols, Provident Financial, Quadnetics Group, Rightmove, Savills, Spirent Communications, Weir Group, WSP Group, Xstrata, Yamana Gold Inc.

FINAL DIVIDEND PAYMENT DATE
4imprint Group, Athelney Trust, China Shoto, Edinburgh UK Tracker Trust, Jardine Lloyd Thompson Group, RAB Capital, Rank Group, Ultra Electronics Holdings

FINAL EX-DIVIDEND DATE
AG Barr, Anglo Pacific Group, Antofagasta, Blackstar Group, CBG Group, Chaucer Holdings, Cobham, Collins Stewart, Elementis, G4S, GlobeOp Financial Services SA (DI), H&T Group, Henderson Group, Highcroft Investment, Holders Technology, JD Sports Fashion, JKX Oil & Gas, KBC Advanced Technologies, Keller Group, Kentz Corporation Ltd., Kingfisher, Laird, Maven Income & Growth 3 VCT, Maven Income & Growth 4 VCT, Maven Income & Growth 4 VCT 'S' Shares, Michael Page International, Morson Group, Neptune-Calculus Income & Growth VCT, Pennant International Group, Persimmon, Porvair, Public Service Properties Inves (DI)tments Ltd., SDL, Senior, SThree, Straight, Travis Perkins, Weir Group, William Hill

Q1
Yamana Gold Inc.

Thursday May 05

GMS
Johnson Service Group

FINALS
Rugby Estates, Vedanta Resources, Vedanta Resources

IMSS
Aer Lingus Group, Amec, Diageo, Mondi, Petropavlovsk, Schroders, Schroders (Non-Voting), St James's Place

AGMS
Aga Rangemaster Group, Amec, Avocet Mining, Biome Technologies, F&C Inv Trust, Fisher (James) & Sons, Futura Medical, GlaxoSmithKline, GVC Holdings, Johnson Service Group, JSC KazMunaiGaz Exploration GDR (Reg S), Lancashire Holdings, Mondi, Morgan Sindall Group, Norsk Hydro ASA, Novae Group, Oxford Biomedica, Reckitt Benckiser Group, Rexam, Rio Tinto, Robinson, Schroders, Schroders (Non-Voting), Standard Chartered, Stratex International

TRADING ANNOUNCEMENTS
Carphone Warehouse Group, Flybe Group, Thorntons

FINAL DIVIDEND PAYMENT DATE
Berendsen, British American Tobacco, FBD Holdings, First Quantum Minerals Ltd., Flying Brands Ltd. Units, Goals Soccer Centres, Logica, SEGRO, Spirent Communications, Stadium Group

Q1
Komercni Banka GDR (Level 1), Smith & Nephew

Friday May 06

INTERIM DIVIDEND PAYMENT DATE
Begbies Traynor Group, Kier Group, Octopus Eclipse VCT 1, Octopus Eclipse VCT 3, Octopus Eclipse VCT 4, Photo-Me International, Telefonica SA

QUARTERLY PAYMENT DATE
Investors Capital Trust 'A' Shares

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Industrial Production (GER) (11:00)

GMS
Lombard Medical Technologies

IMSS
Forth Ports, IMI, RPS Group

AGMS
Admiral Group, Aer Lingus Group, Arena Leisure, Cobham, Coca-Cola Hellenic Bottling Company SA, Colgate-Palmolive Co, Fidessa Group, Forth Ports, IMI, JPMorgan American Inv Trust, Laird, Millennium & Copthorne Hotels, Rolls-Royce Group, RPS Group, Smurfit Kappa Group, STM Group

FINAL DIVIDEND PAYMENT DATE
Bodycote, Devro, Dialight, Foresight 2 VCT, Foresight 2 VCT 'C' Shares, Holidaybreak, Meggitt, Microgen, Nichols, Parkwood Holdings, Pearson, Rotork, Tikit Group

Q1
Hellenic Telecom Industries SA ADS, Lancashire Holdings, Smurfit Kappa Group

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