Investors look to an encouraging update from Aggreko on Friday as it releases its interim management statement.
The temporary power and temperature control firm has been bolstered by contract wins and strong performance of its North American division in recent months.
Last month, the group announced it secured contracts to supply 122 megawatts (MW) of gas-fuelled power to utilities in Mozambique and Namibia from the largest cross-border interim power plant in the world.
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
It signed tri-party power purchase agreements with Electricidade de Moambique and NamPower to provide them with power from its plant located in Gigawatt Park at Ressano Garcia, Mozambique.
"A 122MW contract win to the Southern African power pool is testament to the success of the existing contracts in place," analysts at Jefferies International said at the time.
JP Morgan Chase will also hog headlines on Friday with its first quarter earnings announcement.
The consensus analyst estimate has gone from $1.35 per share to the current projection of earnings of $1.38 per share, Zacks analysts said.
The estimate is up 5.3% from a year ago, when JP Morgan reported earnings of $1.31 per share.
Revenue is forecast to decrease 12.8% year-over-year to $25.94bn for the quarter.
JP Morgan will share the lime light with Wells Fargo, which also unveils its first quarter results.
Zacks predicts earnings of $0.87 a share, up from $0.75 a year earlier. Revenue is expected to fall 6.1% year-over-year to $21.6bn for the quarter.
The company has seen profits increase in each of the past three quarters.
Friday April 12th
INTERIM DIVIDEND PAYMENT DATE
AdEPT Telecom, Ashmore Group, Asian Citrus Holding, Centaur Media, Craneware, Dunelm Group, Foresight Solar VCT, Go-Ahead Group, London Finance & Investment Group
QUARTERLY PAYMENT DATE
Africa Opportunity Fund Ltd., British Assets Trust, Schlumberger Ltd.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (15:15)
Industrial Production (EU) (10:00)
Manufacturing Inventories (US) (15:00)
Retail Sales (US) (15:15)
Retail Sales Inventories (US) (15:15)
GMS
Berkeley Resources Ltd. (DI)
ANNUAL REPORT
Henderson High Income Trust
IMSS
Aggreko, XP Power Ltd. (DI)
SPECIAL DIVIDEND PAYMENT DATE
Asian Citrus Holding
AGMS
AFC Energy, Heavitree Brewery, Heavitree Brewery 'A' Shares
FINAL DIVIDEND PAYMENT DATE
Athelney Trust, Domino's Pizza Group, Foresight 2 VCT, Foresight 2 VCT 'C' Shares, Numis Corporation, Safestore Holdings
FINAL EX-DIVIDEND DATE
First Quantum Minerals Ltd.
RD
-
‘I installed a heat pump in my home – here are five things I’ve learnt’From the size and noise of a heat pump to how much it costs to run one, Ruth Emery reveals what she’s learnt after installing one in her home six months ago
-
3 ways to work out if a stock is good valueThe only thing you can really control in investing is the price you pay for an asset – but how can you tell if you’re getting a good deal when it comes to the price of a stock?
