UK DIY News
The week ahead: Travis Perkins to report
Recruiters Hays and Michael Page kick the week off on Monday with interim management statements.
For Michael Page, Peel Hunt thinks trends seen at the interims are unlikely to have changed materially, except perhaps that the slowdown in Asian growth may have accelerated. The outlook will likely remain bleak, the broker reckons.
As for Hays, the same broker says markets are clearly still challenging. "Asian markets, where NFI [net fee income] is weighted towards banking, are weak and European and RoW [Rest of World] markets excluding Germany and Canada have become increasingly tough. Australia is likely to be slowing, as the pause in mining resources activity will likely [have an] impact {on} other sectors in that region," Peel Hunt says.
On Friday, builders' merchant Travis Perkins issues an interim management statement, and Panmure Gordon is expecting the group to have made further progress, despite tough market conditions.
The broker thinks the key issues will be: Spending outlook – public versus private and housing vs commercial; Weather, Jubilee/Olympics disruption; Competitive environment post corporate activity in sector.
Tuesday October 9th:
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BRC Sales Monitor (00:01)
Industrial Production (09:30)
Manufacturing Production (09:30)
Wednesday October 10th:
INTERIM EX-DIVIDEND DATE
Balfour Beatty, Rightmove, Tesco, Travis Perkins
ANNUAL REPORT
Galliford Try
Friday October 12th:
IMSS
Travis Perkins
Source : ShareCast
www.sharecast.com/cgi-bin/sharecast/story.cgi?category_id=0218
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