'Rain, rain, go away' should be the mantra for landscaping products firm Marshalls, which issues a pre-close trading update on Friday.
In its interim management statement in May the firm grumbled about the rainfall in April being an important factor in sales being down that month by £5m on April 2011, so the wettest June in living memory in the UK will not have pleased management.
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
that we'll see any market-led improvements," suggests Peel Hunt.
"Marshalls remains very active, however, on self-help measures to underpin the revenue while markets are tough. Ultimate recovery in markets and growth from self-help feeding through to high marginal profitability remains the key attraction," the broker added.
INTERIMS
Sandvine Corp.
INTERIM DIVIDEND PAYMENT DATE
Alternative Networks, Associated British Foods, Cardiff Property, Daily Mail and General Trust A (Non.V), Debenhams, Grainger, Noble Investments (UK), Shaftesbury
QUARTERLY PAYMENT DATE
British Assets Trust
QUARTERLY EX-DIVIDEND DATE
Verizon Communications
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Industrial Production (GER) (11:00)
Non-Farm Payrolls (US) (13:30)
Unemployment Rate (US) (13:30)
Q2
Sandvine Corp.
SPECIAL DIVIDEND PAYMENT DATE
F&C Managed Portfolio Trust Income Shares
AGMS
Northern Investors Co, Software Radio Technology
FINAL DIVIDEND PAYMENT DATE
Balfour Beatty, Camellia, Cello Group, Densitron Technologies, First Derivatives, Hill & Smith Holdings, Huntsworth, Judges Scientific, JZ Capital Partners Ltd, M&C Saatchi, Marshalls, Morgan Crucible Co, Prezzo, Stobart Group Ltd., Tesco, Utilico Emerging Markets Ltd (DI), Yule Catto & Co
TRADING STATEMENT
Marshalls
JH
-
MoneyWeek news quiz: How much could you get in car finance compensation?The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz
-
The biggest fossil fuel financing banks – is yours on the list?You may not know it, but your savings could be being used to finance the fossil fuel industry. We look at the banks with the best and worst climate policies.
