Interims: Laird, Robotic Technology Systems These will be Laird's first results since the ...
Interims: Laird, Robotic Technology Systems
These will be Laird's first results since the company repositioned itself away from the auto sector to electronics.
Turnover, EPS and profit before amortisation, £1.1bn, 26.8p and £56.7m respectively, are all expected to be lower than last year following the group's recent disposals.
Investors will be anxious to find out how the US downturn has affected the PC manufacturing business and the plastics distribution unit, and what their prospects are
Finals: Bell, Cobham, Delcam, Hunting, Kidde, Wm Morrison Supermarkets, Next, Qualceram Shires, Rotork, Selfridges, ServicePower Technologies, Swallowfield, Taylor & Francis, Telewest Communications
Telewest is forecast to make a loss. The question is, how much. The mean loss according to analysts' expectations is 16.8p per share. That would equate to a total full-year loss of about £485m. But attention will focus more on whether the company lived up to subscriber growth forecasts. In November Telewest forecast 500,000 subscribers to its digital television platform by the end of March 2001. If it does not look like meeting that forecast, it will be punished by the markets. Having gained 30% on its 99p low
in November to 129p by 15 March,
there is good reason for profit-taking at present.
Well-respected educational publisher Taylor & Francis is expected to produce revenue and profit growth in line with expectations. With regards to its sector the company is in a "very comfortable position" said media analyst at ABN Amro Simon Davies, because it has no exposure to advertising. This should see the company weathering any slumps or recessions with ease especially with educational spending remaining high on the priority list.
Clothes proprietor Next is expected to continue delivering double-digit growth in a sector that is afflicted by poor sentiment. Peel Hunt has pegged EPS growth in 2001/2002 at 12% to 13%. Deutsche Bank has a 12-month price target of 880p and UBS Warburg is looking for 900p.
AGMs: Crest Nicholson, Quadranet
EGMs: Compel Group
Economics: US Federal Open Market Committee summary of 30-31 January meeting