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Banks(8350)

Closing Price Change

Price Down-16.50

Value

7,922.50

Week ahead: HSBC, Wolseley, Land Securities, Enterprise Inns

Date: Friday 09 May 2008

LONDON (ShareCast) - The banking sector and property-related stocks have been among the main victims of the credit crunch, so trading statements from HSBC and building supplies group Wolseley will be closely watched Monday.

In March, HSBC reported $17bn in bad debts linked to US sub-prime mortgages, but still managed to boost profits. The weak US housing market hit half year profits at Wolseley, which has seen its value fall by more than half in the past year.

Elsewhere in property, real estate giant Land Securities issues full-year results, the week after it was double-downgraded by Morgan Stanley to ‘underweight’ from ‘overweight’ in a review of the European property sector. It also saw its peer Liberty International, owner of the Covent Garden shopping centre in London, report a sharp drop in its net asset value.

Enterprise Inns’ interim results will be of particular interest following a sharp rise in the tenanted pub group’s share price after it said it was now eligible for Real Estate Investment Trust (REIT) status. Worries such as the indoor smoking ban and weak consumer confidence still loom large though.

Monday May 12

INTERIMS
Diploma, RM Group, Southern Cross Healthcare Group

INTERIM DIVIDEND PAYMENT DATE
Eco Animal Health Group

FINALS
Freeplay Energy, Gable Holdings, Metal-Tech, Robert Wiseman, Stobart Group

EGMS
Innobox, Proventec

AGMS
Burst Media, Centrica, Colliers CRE, Raven Mount, Zirax

TRADING STATEMENTS
Centrica, Dignity, Hiscox, HSBC, Wolseley

FINAL DIVIDEND PAYMENT DATE
CRH, Dealogic, EP Global Opportunities Trust, Gibbs and Dandy, HBOS, HGCapital Trust, Somero Enterprises (Reg S)

Tuesday May 13

INTERIMS
Carluccio’s, Enodis, Enterprise Inns, European Capital, Prodesse Investment, TUI Travel

INTERIM DIVIDEND PAYMENT DATE
Maxima Holdings, Thorpe (F.W.)

FINALS
Babcock International Group, INVU, VT Group

AGMS
ARM Holdings, BlackRock Latin American Inv Trust, British Smaller Technology Companies VCT 2, Frenkel Topping, Henderson High Income, Keller Group, Kerry Group 'A' Shs, Lookers, Merchants Trust, NETeller, New Europe Property Investments, Next, Polymer Logistics, Spirax-Sarco Engineering, TG21, Travis Perkins

UK ECONOMIC ANNOUNCEMENTS
BRC Sales Monitor (11:00)

FINAL DIVIDEND PAYMENT DATE
Cattles, Hochschild Mining, Rightmove

QUARTERLY RESULTS
Clean Diesel Technology, European Capital, First Quantum Minerals, Prodesse

TRADING STATEMENTS
G4S, Greggs, Premier Foods, Kofax

Wednesday May 14

INTERIMS
Compass Group, Dimension Data, Fountains, Gateway Telecommunications, Interserve

INTERIM EX-DIVIDEND DATE
Aberdeen Asset Management, Anglo Irish Bank Corp, Numis Corporation, Sage Group, Smart (J) & Co., United Drug

QUARTERLY PAYMENT DATE
Merchants Trust

QUARTERLY EX-DIVIDEND DATE
BP, Royal Dutch Shell 'A'

FINALS
Datatec (DI), FirstGroup, Land Securities Group, Leisure and Gaming, J Sainsbury, Titanium Resources, Vertu Motors

EGMS
Iimia Investment Trust

AGMS
Amec, Athelney Trust, Bunzl, First Derivatives, Glanbia, Graphite Enterprise Trust, Henry Boot, Imagesound, International Personal Finance, Interserve, Invesco Perpetual UK Sm Cos, Landore Resources, Legal & General Group, LogicaCMG, Matica, Mediwatch, Nichols, Northbridge Industrial Services, Oxford Catalysts, Rentokil Initial, STM Group, TT Electronics, Unilever, Venture Production

TRADING STATEMENTS
Amlin, Barratt Developments, Chime Communications, DSG International, Interserve, Johnston Press, LogicaCMG

UK ECONOMIC ANNOUNCEMENTS
BoE Inflation Report (09:30)

FINAL DIVIDEND PAYMENT DATE
Dairy Farm International (Singapore), Devro, GKN, Hongkong Land Holdings, Impax Environmental Markets, Jardine Matheson (Singapore), Jardine Strategic (Singapore), Management Consulting Group, Rathbone Brothers, Savills, SR Europe Investment Trust, St James's Place

FINAL EX-DIVIDEND DATE
Ambrian Capital, Computacenter, Hiscox, Independent Media Distribution, K3 Business Technology Group, Lamprell, M. P. Evans Group, Mallett, Matrix Income & Growth 4 VCT, Oakdene Homes, Provident Financial, Public Service Properties Investments, Robert Walters, Severfield-Rowen, Ted Baker, TT Electronics, Win, Work Group, Xaar

QUARTERLY RESULTS
ReneSola

Thursday May 15

INTERIMS
Atlas Estates, Euromoney Institutional Investors, Freshwater UK, Hoilidaybreak

INTERIM DIVIDEND PAYMENT DATE
London and St lawrence Investment, Macro 4

FINALS
3i Group, BT Group, Findel, First Derivatives, Investec, Invensys, National Grid, Phoenix IT Group, SABMiller, Vedanta Resources

AGMS
Arthro Kinetics, Balfour Beatty, Corero, Dow Chem., Emerald Energy, Ferrexpo, Hikma Pharmaceuticals, Huntsworth, Inchcape, Informa, IS Solutions, ITV, Marshalls, MTI Wireless Edge, New Star Asset Management Group, Paddy Power, Prudential, Stem Cell Sciences, Telspec, Tullett Prebon, Uniq, Zhejiang Exp'H'

FINAL DIVIDEND PAYMENT DATE
Core VCT V, LogicaCMG, Nichols, Tomkins, Travis Perkins

QUARTERLY RESULTS
Atlas Estates, Atlas Estates, BT Group

TRADING STATEMENTS
Barclays, Henderson Group, Paddy Power, Prostakan Group, Tullett Prebon

Friday May 16

INTERIM DIVIDEND PAYMENT DATE
Air Partner, GSH Group, St Ives

EGMS
Southampton Leisure

AGMS
Canton Property Investment, Charter, Fidelity European Values, Ladbrokes, Matrix Income & Growth 3 VCT, Matrix Income & Growth VCT, Petrofac Ld, Premier Foods, S & U, UTV Media, Vindon Healthcare

FINAL DIVIDEND PAYMENT DATE
Aggreko, Athelney Trust, Aviva, British Smaller Technology Companies VCT 2, Cadbury, Cayenne Trust, Close Brothers Dev, Delcam, Dunedin Enterprise Inv Tst, F&C Asset Management, Financial Objects, Hansteen Holdings, Melrose, Millennium & Copthorne Hotels, Murray International Trust, New Europe Property Investments, Ocean Wilsons, Parkwood Holdings, Psion, Raven Mount, Reed Elsevier, Smurfit Kappa, Sperati (Ca), Standard Chartered, Xstrata

TRADING STATEMENTS
Avis Europe, Burren Energy, Computacenter, Hansard Global, Ladbrokes

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

 

Price Data

Price 7,922.50 Price Down
Closing Price Change -16.50
15-May-08 Close 7,922.50

Top Risers

Price Change
UBLS $8.70 +7.4%
BGEO $26.29 +4.8%
STAN 1,828.00p +1.0%
VTBR $8.19 +0.7%
ALBK € 13.70 +0.7%
RBS 276.00p +0.7%
ANGL € 9.40 +0.1%

Top Fallers

Price Change
BB. 135.00p -6.3%
BARC 418.75p -2.0%
AL. 439.75p -1.3%
HBOS 465.25p -1.1%
LLOY 409.00p -0.4%
BKIR € 8.74 -0.2%
HSBA 892.00p -0.2%
BNC 1,128.00p -0.1%
ICB 110.50p -0.0%