Thursday preview: Aberdeen Asset Management and Associated British Foods results

FTSE 100 companies Aberdeen Asset Management and Associated British Foods will be the talk of the town Thursday as they release interim management statements.

By
published
in Features

FTSE 100 companies Aberdeen Asset Management and Associated British Foods will be the talk of the town Thursday as they release interim management statements.

Shares in investment management group Aberdeen were down one per cent the day ahead of its results.

The company's last results revealed an 11% increase in revenues for the year to September 30th.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

They made £869.2m for the year, following growth in assets under management and strong interest in the group's funds.

Underlying profit before tax increased by 15% to £347.8m compared to 2011.

Investors will also be hungry for news from Associated British Foods. Nomura on Monday downgraded the group to 'neutral' from 'overweight' as it was the top faller on the FTSE 100.

However, shares recovered Wednesday, rising 1.57% to 1,556.00p.

The international food, ingredients and retail group delivered a strong set of results last year with group revenues up 11% to £12.3bn. Adjusted profit before tax climbed 17% to £974m, while net debt stood at £1,061m.

At the time the group said it expected growth to continue in 2013.

Thursday January 17

INTERIMS

NCC Group

INTERIM DIVIDEND PAYMENT DATE

Hyder Consulting, red24, Sweett Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Budget Statement (US) (19:00)

Consumer Price Index (EU) (10:00)

ECB Report (EU) (09:00)

Harmonised Index of Consumer Prices (EU) (10:00)

Housing Starts (US) (13:30)

Philadelphia Fed Index (US) (15:00)

Wholesale Price Index (GER) (07:00)

GMS

Darty

IMSS

Aberdeen Asset Management, Associated British Foods, Home Retail Group

AGMS

Aberdeen Asset Management

TRADING ANNOUNCEMENTS

Computacenter, Dixons Retail

FINAL DIVIDEND PAYMENT DATE

Sportingbet

MoneyWeek
Latest