Wednesday preview: Atkins and Halfords Group results

Engineering giant Atkins (WS) is expected to confirm it has been trading in line with expectations in an update Wednesday ahead of its annual results.

Engineering giant Atkins (WS) is expected to confirm it has been trading in line with expectations in an update Wednesday ahead of its annual results.

The FTSE 250 company last month said it was on track to meet targets despite difficult market conditions and analysts predict the trend to continue in its next trading update.

"Its most recent update confirmed trading in line in tough markets and we expect a similar stance with the forthcoming full year update," Panmure Research said.

"Atkins remains a quality operation that we are long term positive on but for now the share price looks up with events. We have a neutral stance."

The broker recommended a 'hold' rating on the stocks.

Atkins also recently announced it was selling its UK Highways Services business to Skanska UK, a wholly owned subsidiary of Skanska AB.

Prof Dr Uwe Krueger, the group's Chief Executive Officer, said the disposal of the business was part of a strategy to focus on growth sectors in engineering, design services and project management.

Its latest results will coincide with a trading update from another FTSE 250 company, Halfords Group.

The retailer of car maintenance, cycling and touring products last reported a 1.6% increase in total revenue for the 15 weeks to January 2013 following strong performance at its autocentres.

Shares in Halfords and Atkins advanced in Tuesday afternoon trading.

Wednesday April 10th

INTERIM DIVIDEND PAYMENT DATE

Colefax Group, Galliford Try, Haynes Publishing Group, Quayle Munro Holdings, Stewart & Wight, Utilico Investments Ltd (DI)

INTERIM EX-DIVIDEND DATE

Animalcare Group, Begbies Traynor Group, Catalyst Media Group, Edge Performance VCT 'H' Shares, Foresight 4 VCT, Manchester & London Inv Trust, Northamber, Plexus Holdings, St Ives, Thorpe (F.W.)

QUARTERLY PAYMENT DATE

XP Power Ltd. (DI)

QUARTERLY EX-DIVIDEND DATE

Assura Group Ltd., Middlefield Canadian Income PCC

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Treasury Budget Statement (US) (19:00)

FINALS

Amiad Water Systems Ltd, InternetQ, Vernalis

SPECIAL DIVIDEND PAYMENT DATE

Impellam Group, Utilico Investments Ltd (DI)

SPECIAL EX-DIVIDEND PAYMENT DATE

James Halstead, Savills

TRADING ANNOUNCEMENTS

Atkins (WS), Halfords Group

FINAL DIVIDEND PAYMENT DATE

CQS Rig Finance Fund Ltd., TUI Travel

FINAL EX-DIVIDEND DATE

Aer Lingus Group, Amlin, BBA Aviation, Berendsen, Bodycote, Charles Taylor, Chesnara, Chrysalis VCT, Dialight, Edinburgh UK Tracker Trust, Filtrona PLC, Fisher (James) & Sons, Fyffes, GKN, Herald Inv Trust, IMI, JPMorgan American Inv Trust, JPMorgan US Smaller Companies Inv Trust, Kerry Group 'A' Shares, LSL Property Services, Merchants Trust, Rotork, RPS Group, Savills, Secure Trust Bank, Shore Capital Group Ltd., Smurfit Kappa Group, St James's Place, Tamar European Industrial Fund Ltd., Ultra Electronics Holdings

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
The world’s fund managers are getting very bullish – be careful out there
Stockmarkets

The world’s fund managers are getting very bullish – be careful out there

The latest survey of fund managers shows them to be extremely bullish on all the same things. And that, says John Stepek, means the market is in dange…
21 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021