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Market Report: How is Balfour Beatty's new man going to rescue the business? | |
(about 1 hour later) | |
How is Balfour Beatty’s new man going to rescue the business? | How is Balfour Beatty’s new man going to rescue the business? |
The infrastructure giant reports full-year results on Wednesday, following a dismal run that has included six profits warnings and two failed takeovers of the business. | The infrastructure giant reports full-year results on Wednesday, following a dismal run that has included six profits warnings and two failed takeovers of the business. |
A review of its troubled UK division was completed in January and the City is prepared for bleak figures. Numis predicts a £67m loss for the year. But what will capture attention is new chief executive Leo Quinn’s turnaround plans. | A review of its troubled UK division was completed in January and the City is prepared for bleak figures. Numis predicts a £67m loss for the year. But what will capture attention is new chief executive Leo Quinn’s turnaround plans. |
Brewin Dolphin’s Stephen Williams says the strategy will “likely take the form of both further contract provisioning and a cost reduction and investment programme to put the group back on to a solid footing”. | Brewin Dolphin’s Stephen Williams says the strategy will “likely take the form of both further contract provisioning and a cost reduction and investment programme to put the group back on to a solid footing”. |
The week begins with annual results from Fevertree Drinks today, the tonic water maker’s first finals since listing in November. HydroDec and Egyptian gold miner Centamin also have full-year numbers, while Nanoco and YouGov have half-year numbers. | The week begins with annual results from Fevertree Drinks today, the tonic water maker’s first finals since listing in November. HydroDec and Egyptian gold miner Centamin also have full-year numbers, while Nanoco and YouGov have half-year numbers. |
Online gaming group 888 has finals tomorrow. William Hill looked at buying the business but talks ended last month. Northland Partners is expecting 888 to reveal earnings of $94m and says: “If there are any surprises to look out for, it may be a bump to the final dividend.” | Online gaming group 888 has finals tomorrow. William Hill looked at buying the business but talks ended last month. Northland Partners is expecting 888 to reveal earnings of $94m and says: “If there are any surprises to look out for, it may be a bump to the final dividend.” |
Irn Bru-maker AG Barr, Faroe Petroleum, Gulf Marine Services and Spire Healthcare also have annual results tomorrow, while Wolseley has a six-monthly update. | Irn Bru-maker AG Barr, Faroe Petroleum, Gulf Marine Services and Spire Healthcare also have annual results tomorrow, while Wolseley has a six-monthly update. |
In economic news, shopping baskets are expected to edge closer to deflation, with Credit Suisse predicting the latest consumer price index reading will show growth of just 0.1 per cent. | In economic news, shopping baskets are expected to edge closer to deflation, with Credit Suisse predicting the latest consumer price index reading will show growth of just 0.1 per cent. |
Alliance Pharma, Anglo Pacific, Card Factory, Chime Communications, Hilton Food, John Laing, Johnston Press and Powerflute all have finals on Wednesday. Housebuilder Bellway has an update, with Numis expecting a “robust” update, with accelerating double-digit growth in margins and order book. African oil and gas explorer BowLeven has half-year numbers, Henry Boot has annual results on Thursday. | Alliance Pharma, Anglo Pacific, Card Factory, Chime Communications, Hilton Food, John Laing, Johnston Press and Powerflute all have finals on Wednesday. Housebuilder Bellway has an update, with Numis expecting a “robust” update, with accelerating double-digit growth in margins and order book. African oil and gas explorer BowLeven has half-year numbers, Henry Boot has annual results on Thursday. |
Half-year results are due from Imperial Innovations on Friday. | Half-year results are due from Imperial Innovations on Friday. |
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