Friday preview: SThree to update on fourth-quarter trading
Looking at the calendar, Friday is looking pretty quiet on the corporate front with a few small-cap stocks scheduled for trading statements and results.
Looking at the calendar, Friday is looking pretty quiet on the corporate front with a few small-cap stocks scheduled for trading statements and results.
Among these is recruitment agency SThree which is due to give an update on trading in the fourth quarter of its financial year (ended November 25th).
The company reported in September that gross group profits were up 6% year-on-year on a constant currency basis in the third quarter (three months to August 26th), down from the 9% growth in the second quarter and 15% growth in the first.
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The Contract side of the business was driving growth with a 10% increase, compared with Permanent gross profit which rose 2%.
The group seems reasonably equally balanced between Contract and Permanent placements, with both divisions producing £25.6m in gross profit each in the third quarter.
Meanwhile, international businesses grew profits by 13%, compared with the UK & Ireland division which reported a 6% decline.
The company's Chief Executive Russell Clements said that it had "traded satisfactorily" in the third quarter given the difficult macro-economic backdrop.
Investec said in September following the third-quarter statement that it expects full-year revenue to rise from £195.5m last year to £209m this year, with profit before tax falling from £30.3m to £25m.
INTERIMS
Acal, Creightons
INTERIM DIVIDEND PAYMENT DATE
BAE Systems, Bloomsbury Publishing, Booker Group, Charles Taylor, DCC, Development Securities, Downing Planned Exit VCT 2 'C' Shares, Downing Planned Exit VCT 2 'D' Shares , Downing Planned Exit VCT 2 'F' Shares, Downing Planned Exit VCT 2011 (General Shares), Downing Planned Exit VCT 2011 (Low Carbon Shares), Downing Planned Exit VCT 2011 (Structured Shares), Downing Planned Exit VCT 3 'C' Shares, Downing Planned Exit VCT 3 'D' Shares , Downing Planned Exit VCT 3 F Shares, Hargreave Hale AIM VCT 2, Hilton Food Group, Howden Joinery Group, ITV, Laird, Lookers, Octopus AIM VCT, Old Mutual, Panther Securities, Provident Financial, Senior
QUARTERLY PAYMENT DATE
City of London Inv Trust, F&C Commercial Property Trust Ltd., Henderson International Income Trust, Picton Property Income Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (13:45)
International Reserves (EU) (11:00)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
Retail Sales (GER) (07:00)
Unemployment Rate (EU) (10:00)
Q3
Frontline Ltd.
GMS
Prime Focus London
FINALS
Cambria Africa
SPECIAL DIVIDEND PAYMENT DATE
IndigoVision Group, Ryanair Holdings
EGMS
Alpha Real Trust Ltd.
AGMS
Aquarius Platinum Ltd., Charteris, Ferrum Crescent Ltd NPV (DI), Forte Energy NL, Pan African Resources, Prime Focus London, Utilitywise
TRADING ANNOUNCEMENTS
SThree
FINAL DIVIDEND PAYMENT DATE
IndigoVision Group, JPMorgan Overseas Inv Trust, London Finance & Investment Group, Manchester & London Inv Trust, Swallowfield, Wolseley
BC
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