J.W. | ShareCast | 15 Apr, 2009 17:48 - Updated: 07:10 | | |
Acquisitive brewing giant SABMiller will give a fourth-quarter trading update on Thursday in which it is expected to report beer volumes grew by around 1% on a like-for-like basis.
The company has been busy in Asia, mopping up the outstanding 50% stake in its Vietnamese joint venture and acquiring numerous Chinese breweries, and the company could give an indication of how the integration of these companies is proceeding.
Credit checking specialist Experian updates the market on its second half trading performance. The company saw organic revenue growth of 5% in the final three months of 2008 and will have done well to have maintained that sort of level in the first three months of 2009. Focus will be on the companys debt levels, with Citigroup forecasting net debt of $2.13bn.
Bike and car components retailer Halfords is set to give a pre-close trading update for the year to 31 March, and broker KBC Peel Hunt is expecting the figures to provide a mildly pleasant surprise.
Given more recent High Street trends (which have been fairly stable) and the positive backdrop for Halfords key categories, we see scope for the underlying sales and profit performance to have been marginally ahead of our current forecast expectations, the broker said, noting that the retailer is one of the few retailers still trading on a single-digit price/earnings ratio.
The companys Christmas trading was hit by a decline in the prices of satellite navigation devices, with the value of sales down by 7.8% on a like-for-like basis in the companys third quarter. KBC expects the final quarter of the companys financial year will have seen an improvement in trading, and is forecasting full-year sales will be down just 1.6% in total, or by 4.2% on a like-for-like basis.
QUARTERLY EX-DIVIDEND DATE
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Building Permits (US) (13:30)
Housing Starts (US) (13:30)
Initial Jobless Claims (US) (13:30)
New Car Registrations (EU) (07:00)
Philadelphia Fed Index (US) (15:00)
EC CPI (10:00)
EC Core CPI (10:00)
EC Industrial Production (10:00)
Machine Tool Orders (JPN)
Ideal Shopping Direct, Praesepe, The Mission Marketing Group, Walker Greenbank
BP, Ceres Agriculture Fund, Forum Energy, Moneysupermarket.com, MW Tops Ltd Part Red Pref Shs GBP, MW TOPS Ltd Part Red Pref Shs USD, MW TOPS Ltd Red Part Pref Shs EUR
Aggreko, Aveva Group, Eaga, Elementis, Halfords
UK ECONOMIC ANNOUNCEMENTS
BRC Sales Monitor (00:01)
SABMiller, Ashmore Group, Experian
US stocks fell on Wednesday, amid growing signs of economic weakness in Europe and increasing concerns over Ebola, after a first case was confirmed in Texas on Tuesday.
Pimco's flagship Total Return Fund saw an estimated $23.5 billion in outflows in September, the investment firm said Wednesday.
Julia Pierson, the US Secret Service director, resigned on Wednesday following growing criticism over a series of security breaches.
The first confirmed case of Ebola in US had contact with children since returning to Texas from Liberia.
German e-commerce investor Rocket Internet is raising €1.4bn in its initial public offering, ahead of one of the most highly anticipated listings of 2014 on the Frankfurt Stock Exchange.
Four members of a Highland Council staff counting ballot cards for the Scottish referendum were replaced because they booed ‘no’ votes and celebrated pro-independence votes.
US health experts are monitoring “a handful” of individuals who could have been exposed to Ebola by coming into contact with the first patient diagnosed with the disease in the US.
1630:Close Stocks ended the first session of October firmly lower, dragged down by the intense selling seen on Wall Street as a result of the modestly weaker than expected readings on the manufacturing sector which were to be seen in the Eurozone, UK and US on Wednesday. While the same still pointed to a “strong” US economy they confirmed that a sharp slowdown had taken place in British manufacturing and served to underline that growth in the Eurozone is slowing, analysts at Capital Economics pointed out. Supermarket operators were by far the weakest sector on the London market after Sainsbury’s financial guidance disappointed analysts, with some turning more cautious on the company’s dividend policy. The FTSE 100 ended the day down by 65 at 6,557.20 points.
The New York Times has unveiled restructuring plans which will see 100 newsroom jobs being cut as the newspaper seeks to control its costs.
Head office staff ordered to work at stores to help improve service amid investigation into accounting practices.