Christmas is coming, which is the most important time of the year for model railway set and Scalextric maker Hornby, but before then the company releases its interim results on Friday.
The company has already signalled that it is on track for a good year after broadening its supply base, while its London 2012 Olympics range of collectibles is gaining sales momentum.
The market will be looking for more news on how much the London Olympiad is likely to boost revenues. The company indicated in August that the company's range of London Olympics-themed collectibles has opened the door to a number of new retail outlets for the firm which it hopes to continue selling to when the 2012 Olympiad is but a memory.
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
Power systems developer Rolls-Royce releases an interim management statement where the hot topic could be the company's new partnership with Pratt & Whitney to develop engines to power future mid-size aircraft which hold between 120 and 230 passengers.
"The new collaboration brings together complementary technological resources and is designed to offer the best, most competitive response to customer demand for the next generation powerplant in the mid-size segment," Rolls said in a statement last month.
The collaboration coincided with a decision by Rolls-Royce to dispose of its interest in International Aero Engines (IAE) - a joint venture between Pratt & Whitney (a United Technologies Corp company), MTU Aero Engines (MTU) and Japanese Aero Engine Corporation (JAEC) - to Pratt & Whitney for $1.5bn, in addition to further payments for every hour IAE engines are flown over the next 15 years.
The deal represents a substantial change of direction for Britain's flagship engineering company, but $1.5bn dropping into the coffers never goes down badly, and the markets were highly appreciative of the deals.
INTERIMS
Hornby
INTERIM DIVIDEND PAYMENT DATE
All Leisure Group, Cenkos Securities, Cobham, Corin Group, Huntsworth, Johnson Service Group, Just Car Clinics Group, Kerry Group 'A' Shares, Kingfisher, Maven Income & Growth 2 VCT, Petropavlovsk, Rightmove, S & U, Spectris, Spirax-Sarco Engineering, Staffline Group, Unite Group, Walker Greenbank
QUARTERLY PAYMENT DATE
British Land Co, Merchants Trust
QUARTERLY EX-DIVIDEND DATE
Lilly (Eli) & Co
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
U. of Michigan Confidence (Prelim) (US) (15:00)
Q3
Grupo Clarin SA GDR (Reg S), Telefonica SA
FINALS
Carr's Milling Industries
IMSS
Rolls-Royce Group, Spectris
SPECIAL DIVIDEND PAYMENT DATE
TR European Growth Trust
AGMS
Galliford Try, GCP Infrastructure Investments Ltd.
UK ECONOMIC ANNOUNCEMENTS
Producer Price Index (09:30)
FINAL DIVIDEND PAYMENT DATE
Daejan Holdings, Jupiter Primadona Growth Trust, TR European Growth Trust
--
jh
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
