Wednesday preview: Land Securities releases full-year results

Land Securities Group is expected to report an increase in net asset value (NAV) when the property investment company unveils its annual results Wednesday.

Analysts at Investec forecasts NAV per share of 885p for the full-year to March 31st 2013, up from 856p the previous year.

"This reflects our view that the investment portfolio will perform at-least in line with the Investment Property Databank index (the data for which we now have to Land's year-end), plus development surpluses on London assets where the weight of evidence for rising rents, in particular in the City, is growing, supporting our bullish view for such assets," the broker said in a note last week.

However, pre-tax profits are projected to fall to £417.7m from £515.7m and earnings per share to drop to 53.6p from 67.5p.

In January the company said it was making strong progress after signing new development lettings in London in the third quarter.

Ahead of its latest results, Investec recommended a 'hold' rating and target price of 882p.

Also on investors' radars Wednesday will be Centamin and easyJet which will release their latest financials.

Wednesday May 15th

INTERIMS

easyJet

INTERIM EX-DIVIDEND DATE

Numis Corporation, Sage Group, United Drug

QUARTERLY PAYMENT DATE

Abbott Laboratories, Marsh & Mclennan Cos Inc.

QUARTERLY EX-DIVIDEND DATE

MedicX Fund Ltd., Royal Dutch Shell 'A', Royal Dutch Shell 'B'

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Capacity Utilisation (US) (14:15)

Crude Oil Inventories (US) (15:30)

GDP (Flash Estimate) (EU) (10:00)

Gross Domestic Product (GER) (07:00)

Industrial Production (US) (16:15)

MBA Mortgage Applications (US) (12:00)

Producer Price Index (US) (13:30)

FINALS

Beximco Pharmaceuticals Ltd. GDR (Reg S), Datatec Ltd. (DI), Land Securities Group, Speedy Hire

ANNUAL REPORT

Beximco Pharmaceuticals Ltd. GDR (Reg S)

IMSS

FBD Holdings, G4S, Ruspetro

SPECIAL EX-DIVIDEND PAYMENT DATE

888 Holdings

AGMS

Burford Capital Ltd., Cape, Cineworld Group, EKF Diagnostics Holdings , FBD Holdings, Greggs, Hill & Smith Holdings, Hilton Food Group, Hongkong Land Holding Ltd. (Sing.Reg), Informa, ITV, Journey Group, Marshalls, Miton Group, Rentokil Initial, Restaurant Group, RSA Insurance Group, Sagentia Group, SeaEnergy, Serco Group, Unilever, Vitec Group, Wood Group (John), Xchanging, Zotefoams

UK ECONOMIC ANNOUNCEMENTS

BoE Inflation Report (09:30)

Claimant Count Rate (09:30)

Unemployment Rate (09:30)

FINAL DIVIDEND PAYMENT DATE

HGCapital Trust, Hongkong Land Holding Ltd. (Sing.Reg), Merchants Trust, Mobeus Income & Growth Vct, RM, Sagicor Financial Corp.

FINAL EX-DIVIDEND DATE

21st Century Technology, 888 Holdings, Carillion, Computacenter, G4S, Gresham House, Hydro International, Inmarsat, Management Consulting Group, Morrison (Wm) Supermarkets, Northbridge Industrial Services, office2office, Polymetal International, Premier Oil, Robinson, Sagentia Group, Sainsbury (J), SDL, Tandem Group, TT Electronics, Vesuvius, Whitbread

Q1

Centamin (DI), New Europe Property Investments

RD