Tuesday preview: BP, Whitbread, Imperial Tobacco Group report

BP, Whitbread and Imperial Tobacco Group will storm headlines Tuesday as the FTSE 100 companies reveal their latest results.

BP, Whitbread and Imperial Tobacco Group will storm headlines Tuesday as the FTSE 100 companies reveal their latest results.

Oil heavyweight BP is expected to report a fall in profit in the first quarter following the fallout of the Gulf of Mexico disaster.

The Deepwater Horizon explosion and oil spill three years ago has cost the company a potential $90bn as it continues legal proceedings in New Orleans.

The company has sold more than $38bn of assets to raise funds for the compensation payout while concentrating on its core operations.

BP will post profits for the first three months of 2013 of $3.27bn, a 30% drop from the previous year, according to analysts.

Whitbread, on the other hand is anticipated to unveil another double-digit hike in annual profits despite adverse weather.

Full-year profits are forecast to leap 14% to £347.60m thanks to solid performance from its Costa coffee arm which delivered a 32.2% leap in total sales.

Meanwhile Imperial Tobacco will report its first-half results. Analysts predict a 5.0% decline in group volumes to 151bn stick equivalents with overall revenue declining by 2.0% to £3.33bn.

The tough economic environment, rising levels of illicit trade in Europe and increased levels of investment behind its brands is likely to have weighed heavily on the group's first-half performance.

Tuesday April 30th

INTERIMS

Imperial Tobacco Group

INTERIM DIVIDEND PAYMENT DATE

Abbey

QUARTERLY PAYMENT DATE

Dow Chemical Co, JP Morgan Chase & Co, Middlefield Canadian Income PCC, Schroder Income Growth Fund

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (13:45)

Consumer Confidence (US) (15:00)

Consumer Price Index (EU) (10:00)

GFK Consumer Confidence (GER) (07:00)

Harmonised Index of Consumer Prices (EU) (10:00)

International Reserves (EU) (11:00)

Retail Sales (GER) (07:00)

Unemployment Rate (GER) (08:55)

FINALS

Harvey Nash Group, Incadea, Media Corporation, Puricore, Whitbread

ANNUAL REPORT

Kenmare Resources, Plaza Centers NV

SPECIAL DIVIDEND PAYMENT DATE

DP World Limited

AGMS

Bilfinger Berger Global Infrastructure Sicav S.A.(DI), Dragon Oil, EMIS Group, Hexaware Technologies Ltd. GDS (Reg S), IBM Corp., Jardine Lloyd Thompson Group, JPMorgan US Smaller Companies Inv Trust, Mediterranean Oil & Gas, Somero Enterprises Inc.(Reg S), Witan Inv Trust

UK ECONOMIC ANNOUNCEMENTS

Consumer Confidence (09:30)

Consumer Credit (09:30)

GFK Consumer Confidence (00:01)

M4 Money Supply (09:30)

M4 Sterling Lending (09:30)

Mortgage Approvals (09:30)

Trends in Lending (09:30)

FINAL DIVIDEND PAYMENT DATE

Caledonia Mining Corporation, Chrysalis VCT, DP World Limited, Filtrona PLC, Lavendon Group, Wynnstay Group

Q1

BP, Hrvatske Telekom D.D GDR (Reg S), Qatar Telecom (Q-TEL) Q.S.C. GDR (Reg S), Wolfson Microelectronics

RD

Recommended

I wish I knew what a share buyback was, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what a share buyback was, but I’m too embarrassed to ask

A share buyback means just what it says – a company buys back its own shares. But why? And how does that benefit shareholders?
3 Aug 2021
Improve your odds of investment success with these three stocks
Share tips

Improve your odds of investment success with these three stocks

Professional investor Tom Wildgoose of the Nomura Global High Conviction Fund highlights three of his favourite stocks.
2 Aug 2021
How to profit from pampered pets beyond the pandemic
Share tips

How to profit from pampered pets beyond the pandemic

Covid-19 has greatly boosted ownership. But the market had been expanding for years, and demographic, cultural and medical trends all point to long-te…
30 Jul 2021
Share tips of the week – 30 July
Share tips

Share tips of the week – 30 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Jul 2021

Most Popular

Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021