The full-year results release from mining giant BHP Billiton is in the diary for Wednesday.
The company announced its full-year production report in July, saying that annual output in the year to June 30th 2012 reached records across ten operations. More specifically, it was the group's 12th consecutive annual production record in iron ore.
However, rising costs and lower commodities prices are expected to see the company report a pre-tax profit of just $25.8bn, down from $31.3bn previously, according to consensus estimates. Revenues are expected to be slightly higher than last year's $71.7bn.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Meanwhile, the miner announced a few weeks ago that it will have to take an eye-watering hit of $2.84bn in its results on a project in Fayetteville, Arkansas, after falls in the price of domestic gas in the US. To make matters worse, BHP said it also had to take a $450m impairment on its Nickel West site in Australia, bringing the total impairments in the full year results to $3.29bn.
Latest Videos FromMoneyWeek
Marius Kloppers, BHP's Chief Executive, and the head of the Petroleum division, Mike Yeagar, "advised the remuneration committee that they do not wish to be considered for a bonus for the 2012 financial year," the firm revealed.
INTERIMS
Carillion, Clarkson, Derwent London, Elringklinger AG, Frutarom Industries Ltd GDR (Reg S), Hardy Oil & Gas, Kenmare Resources, London Capital Group Holdings, Melrose Resources, office2office, Plaza Centers NV, Soco International, Spirax-Sarco Engineering, TT Electronics
INTERIM DIVIDEND PAYMENT DATE
IDOX
INTERIM EX-DIVIDEND DATE
BlackRock World Mining Trust, Brewin Dolphin Holdings, Capital & Counties Properties , Catlin Group Ltd., CRH, Dragon Oil, Eurasian Natural Resources Corp., Fidessa Group, Henderson Opportunities Trust, InterContinental Hotels Group, Mondi, PPHE Hotel Group Ltd, Prudential, Puma VCT V, Rights & Issues Inv Trust Income Shares, Secure Trust Bank, St James's Place, Standard Life, Stanley Gibbons Group, Synectics, Taylor Wimpey, UBM, Witan Inv Trust, Xaar
QUARTERLY EX-DIVIDEND DATE
Canaccord Financial Inc., Carnival
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Existing Home Sales (US) (15:00)
FOMC Interest Rate Minutes (US) (19:00)
MBA Mortgage Applications (US) (12:00)
Q2
Frutarom Industries Ltd GDR (Reg S)
FINALS
BHP Billiton
ANNUAL REPORT
Immofinanz AG
SPECIAL EX-DIVIDEND PAYMENT DATE
PHSC
AGMS
Aberdeen New Dawn Inv Trust, Latham (James)
FINAL DIVIDEND PAYMENT DATE
Halma
FINAL EX-DIVIDEND DATE
Cohort, Eckoh, First Property Group, iEnergizer Ltd., NWF Group, PHSC
BC
