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Week ahead: GlaxoSmithKline, Capita, Ryanair
16-07-2010 13:05
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In GlaxoSmithKline's second quarter results on Wednesday, Charles Stanley is looking for revenues of £6.99bn and a pre-tax profit of £2m.
'Expect these results to show continued growth in emerging market activities and a continued positive contribution over the quarter from H1N1 pandemic 'flu preparations estimated at £125m,' says the broker.
Charles Stanley expects outsourcing giant Capita's interim results on Thursday to show only modest organic turnover growth due to a slowdown in activity in the second half of 2009. It is looking for pre-tax profits of £155m.
Capita may also give an update on its impression of the new government's deficit-slashing plans.
'For Capita, there will be new outsourcing opportunities though some existing projects may come under some pressure to improve purchasing,' says Charles Stanley.
Ryanair has been in the headlines for the wrong reasons this week with chief executive Michael O'Leary forced to 'unreservedly apologise' and pay libel damages to Sir Stelios Haji-Ioannou, the founder of rival EasyJet. The focus will shift to the Irish airline's first quarter results on Tuesday.
Volcanic ash disruption is forecast to have cost the company €50m, but Nomura expects Ryanair to reiterate guidance of 10% to 15% profit growth. The broker is predicting revenues of €862m and EBIT of €135m.
Panmure Gordon expects the positive theme in the pub company reporting season so far to continue when Enterprise Inns updates the market, helped by the weather and the World Cup.
'At its interim results Enterprise reported that average net income per pub across the whole estate was down 3% compared to the same period last year. We expect the group to report a similar level of net income per pub decline after 39 weeks,' Panmure says.
Monday July 19
INTERIMS
Access Intelligence, NeutraHealth, SThree, TEO LT GDR (Reg S)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Current Account (EU) (09:00)
Q2
Electrolux AB
GMS
D1 Oils
FINALS
IG Group Holdings, MBL Group, Scientific Digital Imaging
EGMS
Goldenport
AGMS
Ensor Holdings, Jetion Solar Holdings
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (09:30)
Retail Price Index (09:30)
FINAL DIVIDEND PAYMENT DATE
Sinosoft Technology
Tuesday July 20
INTERIMS
Landkom International, Ryanair
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ABC Consumer Confidence (US) (22:00)
Building Permits (US) (13:30)
Housing Starts (US) (13:30)
Producer Price Index(GER) (07:00)
RBA Interest Rate Minutes (AUS) (00:00)
FINALS
Findel
IMSS
Enterprise Inns, Severn Trent
EGMS
West China Cement
AGMS
@UK, Aqua Bounty Technologies (Reg S), Dairy Crest Group, Infoserve Group, Securities Trust of Scotland, Severn Trent, Speedy Hire
TRADING ANNOUNCEMENTS
William Hill
UK ECONOMIC ANNOUNCEMENTS
M4 Money Supply (estimate) (09:30)
M4 Sterling Lending (estimate) (09:30)
Producer Price Index (09:30)
Public Sector Finances (09:30)
FINAL DIVIDEND PAYMENT DATE
Man Group, Melrose Resources, Nature Group
Wednesday July 21
INTERIMS
Galiform, GlaxoSmithKline
INTERIM EX-DIVIDEND DATE
Domino's Pizza UK & IRL, Heavitree, Imperial Tobacco Group, Sanderson Group
QUARTERLY EX-DIVIDEND DATE
Merchants Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Q2
GlaxoSmithKline
GMS
Intelligent Environments
FINALS
CSF Group, Eredene Capital, West Pioneer Properties (DI), Zetar
IMSS
Cable & Wireless Communications, Land Securities Group, Optos
EGMS
Bulgarian Land Development
AGMS
Akers Biosciences, Inc (Reg S), Alterian, API Group, B.P. Marsh & Partners, Blacks Leisure Group, Cable & Wireless Communications, Cable & Wireless Worldwide, Caledonia Investments, Experian Group, F&C Global Smaller Companies, Helical Bar, IQE, Johnson Matthey, MobilityOne, NewRiver Retail Ltd. (Reg S), Prosperity Russia Domestic Fund Ltd., RAB Special Situations Company Ltd., Rensburg AIM VCT, Sepura, UBC Media Group, Wincanton
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Minutes (09:30)
FINAL DIVIDEND PAYMENT DATE
Framlington AIM VCT 2, Hasgrove, Home Retail Group, Printing.com
FINAL EX-DIVIDEND DATE
Castings, Cropper (James), Halma, ICAP, Kewill, London Stock Exchange Group, MDM Engineering Group, Mulberry Group, ProVen VCT
Q1
Optos
Thursday July 22
INTERIMS
Capita Group, Holders Technology, International Personal Finance, Lilly(Eli), Microgen, Uniq
INTERIM DIVIDEND PAYMENT DATE
Edinburgh Worldwide Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence Indicator (EU) (10:00)
Continuing Claims (US) (13:30)
Existing Home Sales (US) (15:00)
Industrial New Orders (EU) (10:00)
Initial Jobless Claims (US) (13:30)
Leading Indicators (US) (15:00)
Q2
Lilly(Eli)
GMS
Thor Mining
FINALS
Siteserv, Sports Direct International
ANNUAL REPORT
Imagination Technologies
IMSS
De La Rue, Great Portland Estates, Imperial Tobacco Group, Mitchells & Butlers, Petropavlovsk
EGMS
Northbridge Industrial Services
AGMS
Abbeycrest, ACP Capital, ACP Mezzanine Ltd., BT Group, Clarity Commerce Solutions, CML Microsystems, Coastal Energy Company (DI), De La Rue, Dee Valley Group, GB Group, Land Securities Group, Mavinwood, Mckay Secs., Personal Assets Trust, SABMiller, Scottish & Southern Energy, Shanks Group, SSL International, Tate & Lyle, Tinci Holdings, Vertu Motors, Zhaikmunai GDR (Reg S)
TRADING ANNOUNCEMENTS
Kingfisher, SABMiller
UK ECONOMIC ANNOUNCEMENTS
Retail Sales (09:30)
FINAL DIVIDEND PAYMENT DATE
Brulines, DCC, Hamworthy, Wynnstay Properties
Friday July 23
INTERIMS
Beazley Group
INTERIM DIVIDEND PAYMENT DATE
ATH Resources, Dunedin Smaller Companies Inv Trust, Octopus Titan VCT 1, Octopus Titan VCT 2
QUARTERLY PAYMENT DATE
Henderson Financial Opportunities Limited, Queen's Walk Investment Ltd., Stobart Group Ltd. Income Shares
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
GMS
eXpansys
FINALS
Ebiquity
IMSS
Britvic, United Utilities Group, Vodafone Group
SPECIAL DIVIDEND PAYMENT DATE
Rotork
EGMS
Ote ADS
AGMS
Capital Management & Investment, Edinburgh Inv Trust, Helesi, Meikles Ld, Messaging International, Origo Partners , RIT Capital Partners, Tanjong, Templeton Emerging Markets Inv Trust, United Utilities Group
TRADING ANNOUNCEMENTS
Close Brothers Group
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
GDP (Preliminary) (09:30)
Index of Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Electrocomponents, Experian Group, Helical Bar, Maven Income and Growth VCT , SVM UK Active Fund, Tex Holdings, UK Mail Group , Walker Crips Group
'Expect these results to show continued growth in emerging market activities and a continued positive contribution over the quarter from H1N1 pandemic 'flu preparations estimated at £125m,' says the broker.
Charles Stanley expects outsourcing giant Capita's interim results on Thursday to show only modest organic turnover growth due to a slowdown in activity in the second half of 2009. It is looking for pre-tax profits of £155m.
Capita may also give an update on its impression of the new government's deficit-slashing plans.
'For Capita, there will be new outsourcing opportunities though some existing projects may come under some pressure to improve purchasing,' says Charles Stanley.
Ryanair has been in the headlines for the wrong reasons this week with chief executive Michael O'Leary forced to 'unreservedly apologise' and pay libel damages to Sir Stelios Haji-Ioannou, the founder of rival EasyJet. The focus will shift to the Irish airline's first quarter results on Tuesday.
Volcanic ash disruption is forecast to have cost the company €50m, but Nomura expects Ryanair to reiterate guidance of 10% to 15% profit growth. The broker is predicting revenues of €862m and EBIT of €135m.
Panmure Gordon expects the positive theme in the pub company reporting season so far to continue when Enterprise Inns updates the market, helped by the weather and the World Cup.
'At its interim results Enterprise reported that average net income per pub across the whole estate was down 3% compared to the same period last year. We expect the group to report a similar level of net income per pub decline after 39 weeks,' Panmure says.
Monday July 19
INTERIMS
Access Intelligence, NeutraHealth, SThree, TEO LT GDR (Reg S)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Current Account (EU) (09:00)
Q2
Electrolux AB
GMS
D1 Oils
FINALS
IG Group Holdings, MBL Group, Scientific Digital Imaging
EGMS
Goldenport
AGMS
Ensor Holdings, Jetion Solar Holdings
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (09:30)
Retail Price Index (09:30)
FINAL DIVIDEND PAYMENT DATE
Sinosoft Technology
Tuesday July 20
INTERIMS
Landkom International, Ryanair
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ABC Consumer Confidence (US) (22:00)
Building Permits (US) (13:30)
Housing Starts (US) (13:30)
Producer Price Index(GER) (07:00)
RBA Interest Rate Minutes (AUS) (00:00)
FINALS
Findel
IMSS
Enterprise Inns, Severn Trent
EGMS
West China Cement
AGMS
@UK, Aqua Bounty Technologies (Reg S), Dairy Crest Group, Infoserve Group, Securities Trust of Scotland, Severn Trent, Speedy Hire
TRADING ANNOUNCEMENTS
William Hill
UK ECONOMIC ANNOUNCEMENTS
M4 Money Supply (estimate) (09:30)
M4 Sterling Lending (estimate) (09:30)
Producer Price Index (09:30)
Public Sector Finances (09:30)
FINAL DIVIDEND PAYMENT DATE
Man Group, Melrose Resources, Nature Group
Wednesday July 21
INTERIMS
Galiform, GlaxoSmithKline
INTERIM EX-DIVIDEND DATE
Domino's Pizza UK & IRL, Heavitree, Imperial Tobacco Group, Sanderson Group
QUARTERLY EX-DIVIDEND DATE
Merchants Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Q2
GlaxoSmithKline
GMS
Intelligent Environments
FINALS
CSF Group, Eredene Capital, West Pioneer Properties (DI), Zetar
IMSS
Cable & Wireless Communications, Land Securities Group, Optos
EGMS
Bulgarian Land Development
AGMS
Akers Biosciences, Inc (Reg S), Alterian, API Group, B.P. Marsh & Partners, Blacks Leisure Group, Cable & Wireless Communications, Cable & Wireless Worldwide, Caledonia Investments, Experian Group, F&C Global Smaller Companies, Helical Bar, IQE, Johnson Matthey, MobilityOne, NewRiver Retail Ltd. (Reg S), Prosperity Russia Domestic Fund Ltd., RAB Special Situations Company Ltd., Rensburg AIM VCT, Sepura, UBC Media Group, Wincanton
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Minutes (09:30)
FINAL DIVIDEND PAYMENT DATE
Framlington AIM VCT 2, Hasgrove, Home Retail Group, Printing.com
FINAL EX-DIVIDEND DATE
Castings, Cropper (James), Halma, ICAP, Kewill, London Stock Exchange Group, MDM Engineering Group, Mulberry Group, ProVen VCT
Q1
Optos
Thursday July 22
INTERIMS
Capita Group, Holders Technology, International Personal Finance, Lilly(Eli), Microgen, Uniq
INTERIM DIVIDEND PAYMENT DATE
Edinburgh Worldwide Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence Indicator (EU) (10:00)
Continuing Claims (US) (13:30)
Existing Home Sales (US) (15:00)
Industrial New Orders (EU) (10:00)
Initial Jobless Claims (US) (13:30)
Leading Indicators (US) (15:00)
Q2
Lilly(Eli)
GMS
Thor Mining
FINALS
Siteserv, Sports Direct International
ANNUAL REPORT
Imagination Technologies
IMSS
De La Rue, Great Portland Estates, Imperial Tobacco Group, Mitchells & Butlers, Petropavlovsk
EGMS
Northbridge Industrial Services
AGMS
Abbeycrest, ACP Capital, ACP Mezzanine Ltd., BT Group, Clarity Commerce Solutions, CML Microsystems, Coastal Energy Company (DI), De La Rue, Dee Valley Group, GB Group, Land Securities Group, Mavinwood, Mckay Secs., Personal Assets Trust, SABMiller, Scottish & Southern Energy, Shanks Group, SSL International, Tate & Lyle, Tinci Holdings, Vertu Motors, Zhaikmunai GDR (Reg S)
TRADING ANNOUNCEMENTS
Kingfisher, SABMiller
UK ECONOMIC ANNOUNCEMENTS
Retail Sales (09:30)
FINAL DIVIDEND PAYMENT DATE
Brulines, DCC, Hamworthy, Wynnstay Properties
Friday July 23
INTERIMS
Beazley Group
INTERIM DIVIDEND PAYMENT DATE
ATH Resources, Dunedin Smaller Companies Inv Trust, Octopus Titan VCT 1, Octopus Titan VCT 2
QUARTERLY PAYMENT DATE
Henderson Financial Opportunities Limited, Queen's Walk Investment Ltd., Stobart Group Ltd. Income Shares
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
GMS
eXpansys
FINALS
Ebiquity
IMSS
Britvic, United Utilities Group, Vodafone Group
SPECIAL DIVIDEND PAYMENT DATE
Rotork
EGMS
Ote ADS
AGMS
Capital Management & Investment, Edinburgh Inv Trust, Helesi, Meikles Ld, Messaging International, Origo Partners , RIT Capital Partners, Tanjong, Templeton Emerging Markets Inv Trust, United Utilities Group
TRADING ANNOUNCEMENTS
Close Brothers Group
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
GDP (Preliminary) (09:30)
Index of Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Electrocomponents, Experian Group, Helical Bar, Maven Income and Growth VCT , SVM UK Active Fund, Tex Holdings, UK Mail Group , Walker Crips Group
| Related share prices |
|---|
| GlaxoSmithKline (GSK) share price |
| Capita (CPI) share price |
| Enterprise Inns (ETI) share price |
| Ryanair Holdings (RYA) share price |
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