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Tuesday preview: Interim profits to rise at Greene King

First-half results from pubs giant Greene King will be released on Tuesday morning with the market expecting a slight improvement in profits.

First-half results from pubs giant Greene King will be released on Tuesday morning with the market expecting a slight improvement in profits.

The company had reported a strong start to the year in September with like-for-like (LFL) sales up 5.1% in the first 18 weeks despite the poor summer weather.

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Analysts at Panmure Gordon are forecasting a first-half profit before tax of £82.4m (earnings per share of 28.8p), up 6.7% year-on-year.

In a research report on Friday, the broker said: "We expect LFL sales growth in managed pubs to have moderated over the rest of H1 reflecting the tougher comps, particularly in October.

"We expect the current trading update will highlight a robust performance in November and the group well positioned to capitalise on the Christmas trading period."

INTERIMS

Anite, Greene King, May Gurney Integrated Services, Northgate

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Auto Sales (US) (15:00)

Producer Price Index(EU) (10:00)

GMS

Cenkos Securities

FINALS

Character Group, Datong, ITE Group, TUI Travel

AGMS

AI Claims Solutions, Northamber

TRADING ANNOUNCEMENTS

Dolphin Capital Investors Ltd

UK ECONOMIC ANNOUNCEMENTS

BRC Sales Monitor (00:01)

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Jupiter Primadona Growth Trust, NWF Group

BC

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