Wednesday preview: Thomas Cook and United Utilities
It looks like the holiday is already over for the new head of Thomas Cook, Harriet Green, who joined the firm from electronics outfit Premier Farnell in July.
It looks like the holiday is already over for the new head of Thomas Cook, Harriet Green, who joined the firm from electronics outfit Premier Farnell in July.
Peel Hunt analyst Nicholas Batram predicts underlying pre-tax profits of £154m for the year to September 30th - that's around half of last year's £304m.
On top of this the City expects exceptional items to push the firm into the red.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
"Of much greater interest will be what [Green] has to say in terms of the turnaround strategy," Batram said in a note.
"The company has said that the results of a detailed strategic review will not be revealed until the spring but we do expect some colour."
As the rain continues to fall, United Utilities presents its half yearly figures.
Revenue is expected to be around five per cent higher at £835m as a result of allowed regulatory price rises offset by customer switching and lower commercial volumes.
Pre-tax profits, like Severn Trent before it, are seen coming in broadly flat at £188m (up two per cent). The dividend is expected to grow seven per cent to 11.4p, according to analysts at Charles Stanley.
INTERIMS
Advanced Computer Software Group, Assura Group Ltd., Creston, Daisy Group, Telford Homes, United Utilities Group, VP
INTERIM DIVIDEND PAYMENT DATE
Konami Corp., Restore
INTERIM EX-DIVIDEND DATE
Amec, Anglo Pacific Group, Castings, Clean Energy Brazil, E2V Technologies, Hansa Trust, Hansa Trust 'A' Non Voting Shares, Helical Bar, Intermediate Capital Group, JD Sports Fashion, Johnson Matthey, Mckay Securities, MS International, National Grid, Sepura, Tate & Lyle, Telecom Plus, Young & Co's Brewery 'A' Shares, Young & Co's Brewery (Non-Voting)
QUARTERLY EX-DIVIDEND DATE
Anglogold Ashanti Ltd., Canaccord Financial Inc., Energy XXI (Bermuda) (Di), Molex Inc., Molex Inc. 'A' Shares, Premier Energy & Water Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Payments (GER) (07:00)
Beige Book Fed Survey (US) (19:00)
Crude Oil Inventories (US) (15:30)
M3 Money Supply (EU) (09:00)
MBA Mortgage Applications (US) (12:00)
New Homes Sales (US) (15:00)
Q3
OJSC Cherkizovo Group GDR (Reg S)
FINALS
GW Pharmaceuticals, Hangar 8
SPECIAL EX-DIVIDEND PAYMENT DATE
Lancashire Holdings
EGMS
East Balkan Properties
AGMS
Jupiter Primadona Growth Trust, Kea Petroleum, Neos Resources, Plexus Holdings, Seeing Machines Ltd., Wildhorse Energy Ltd. (DI)
FINAL DIVIDEND PAYMENT DATE
AIREA, Allocate Software, Impax Asian Environmental Markets, JPMorgan Global Markets Emerging Income Trust, Kier Group
FINAL EX-DIVIDEND DATE
A&J Mucklow Group, Daily Mail and General Trust 'Ord' Shares, Daily Mail and General Trust A (Non.V), Diploma, Dunelm Group, Games Workshop Group, GCP Infrastructure Investments Ltd, JPMorgan Japanese Inv Trust, Northern Venture Trust, Smart (J) & Co., St Ives, Standard Life Equity Income Trust, Utilitywise
-
4 tax tips for the Bank of Mum and Dad before the end of the tax year
Parents and grandparents wishing to gift money in a tax-efficient way need to be aware of the looming 5 April end-of-tax year deadline. Here are our tips to beat the deadline.
By Ruth Emery Published
-
What can we expect from the NS&I British Savings Bond?
NS&I’s new British Savings Bond will launch next month. What will it look like, what sort of interest rate could it pay, and how will it compare to the rest of the savings market?
By Vaishali Varu Published