Fashion chain Burberry suffered a rare stumble in September when it issued a profit warning, but showed signs of getting the show back on the road in its last trading update on October 11th, with the group reporting that the quarter ended on a strong note.
From Burberry's interim results on Wednesday, Seymour Pierce is looking for more detail on the bringing in-house of the Interparfums' fragrance and cosmetic licence with effect from April 1st next year. The broker is also looking forward to an update on global demand, particularly China, and an understanding of what investment has been put on hold and what has not.
"Having just updated the market, we expect no change to management guidance which is for H2 [second half] average retail space to increase by c14%, underlying H2 wholesale revenues to be broadly flat, FY [full year] licensing revenues broadly unchanged and FY capex [capital expenditure] £180-200m," writes Seymour Pierce analyst Kate Calvert.
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Seymour Pierce is forecasting profit before tax of £165m, earnings per share (EPS) of 27.4p and an interim dividend of 7.8p.
Environmental consultancy group RPS Group, which issues an interim management statement on Wednesday, should have continued to benefit from the oil companies ploughing money into exploration.
However, since the company's last update, mining companies have reduced their investment plans, increasing investor nervousness over the economy, but infrastructure spend and energy investment remains robust, notes Peel Hunt.
By Wednesday morning, the winner of the US Presidential election should already have been projected, but Irish bookie Paddy Power is not even bothering to wait for the exit polls; it has already paid out on an Obama victory.
Burberry Group, Canaccord Financial Inc., FirstGroup, Vedanta Resources
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Bodycote, Carillion, SIG, StatPro Group
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