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Close Bros ShareCast News (CBG)
ShareCast News for Close Bros (CBG)
| Share Price: 1,072.00 | Bid: 1,210.00 | Ask: 1,099.00 | Change: -28.00 (-2.55%) |  | ||||||
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Tuesday preview: Compass, Daily Mail, Close Brothers
Mon, 28th Sep 2009 14:54
Investors will be looking for signs of life in the advertising market, which contributes around 30% of group revenues, in the trading statement from newspaper publisher Daily Mail and General Trust (DMGT) on Tuesday.
Comparative figures for a year ago are soft so the company should be able to report a deceleration in the rate of decline in advertising revenue.
Catering group Compass also issues a trading statement on Tuesday which shareholders hope will quell concerns about declining organic growth. In the first nine months of the year, revenue growth on a constant currency basis was 1.8%, and organic revenue growth was 0.8%.
'Looking forward to the full year, revenue growth on a constant currency basis is expected to be around 1% and organic revenue growth is expected to be broadly flat,' the group said in a statement issued back in July.
Not surprisingly, the recession has seen a cutback in catering at events and business junkets, but the education and healthcare businesses are holding up reasonably well.
Market consensus is for full year pre-tax profits of £98.14m on revenue of £503.41m for merchant banker Close Brothers, though broker Numis reckons Tuesday's results could surprise to the upside if the banking impairment rate is lower than the 2.9% forecast.
INTERIMS
Dolphin Capital Investors, Hasgrove, Jetion Solar Holdings, Judges Scientific, Moss Bros, Oxford Catalysts, Petra Diamonds, PowerFilm (Reg S), Public Service Properties Investments, RGI International, Shed Media, Straight, Surgical Innovations, Treveria
INTERIM DIVIDEND PAYMENT DATE
British American Tobacco, Schroders
FINALS
Allied Gold, Close Brothers
AGMS
Ecofin Water & Power Opportunities, Entertainment One (DI), GTL Resources, Mid Wynd International Inv Trust, Minco, Niche Group (The), Proventec, Sovereign Oilfield, Surface Transforms, The Clapham House Group, The Indian Film Company
TRADING ANNOUNCEMENT
Compass Group, Daily Mail & General Trust
UK ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (09:30)
Current Account (09:30)
Net Consumer Credit (09:30)
Net Lending Secured on Dwellings (09:30)
Mortgage Approvals (09:30)
CBI Distributive Trades Survey (11:00)
GfK Consumer Confidence (00:01)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence (USA) (15:00)
Business Climate Indicator (EC) (10:00)
Consumer Confidence Indicator (EC) (10:00)
Economic Confidence Indicator (EC) (10:00)
Industrial Confidence Indicator (EC) (10:00)
Service Sector Indicator (EC) (10:00)
Industrial Production (JPN)
Comparative figures for a year ago are soft so the company should be able to report a deceleration in the rate of decline in advertising revenue.
Catering group Compass also issues a trading statement on Tuesday which shareholders hope will quell concerns about declining organic growth. In the first nine months of the year, revenue growth on a constant currency basis was 1.8%, and organic revenue growth was 0.8%.
'Looking forward to the full year, revenue growth on a constant currency basis is expected to be around 1% and organic revenue growth is expected to be broadly flat,' the group said in a statement issued back in July.
Not surprisingly, the recession has seen a cutback in catering at events and business junkets, but the education and healthcare businesses are holding up reasonably well.
Market consensus is for full year pre-tax profits of £98.14m on revenue of £503.41m for merchant banker Close Brothers, though broker Numis reckons Tuesday's results could surprise to the upside if the banking impairment rate is lower than the 2.9% forecast.
INTERIMS
Dolphin Capital Investors, Hasgrove, Jetion Solar Holdings, Judges Scientific, Moss Bros, Oxford Catalysts, Petra Diamonds, PowerFilm (Reg S), Public Service Properties Investments, RGI International, Shed Media, Straight, Surgical Innovations, Treveria
INTERIM DIVIDEND PAYMENT DATE
British American Tobacco, Schroders
FINALS
Allied Gold, Close Brothers
AGMS
Ecofin Water & Power Opportunities, Entertainment One (DI), GTL Resources, Mid Wynd International Inv Trust, Minco, Niche Group (The), Proventec, Sovereign Oilfield, Surface Transforms, The Clapham House Group, The Indian Film Company
TRADING ANNOUNCEMENT
Compass Group, Daily Mail & General Trust
UK ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (09:30)
Current Account (09:30)
Net Consumer Credit (09:30)
Net Lending Secured on Dwellings (09:30)
Mortgage Approvals (09:30)
CBI Distributive Trades Survey (11:00)
GfK Consumer Confidence (00:01)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence (USA) (15:00)
Business Climate Indicator (EC) (10:00)
Consumer Confidence Indicator (EC) (10:00)
Economic Confidence Indicator (EC) (10:00)
Industrial Confidence Indicator (EC) (10:00)
Service Sector Indicator (EC) (10:00)
Industrial Production (JPN)
AZ Electronic Materials directors try to minimize damage
A round-up of the biggest director deals today so far.[10 Apr '13]
Wednesday broker round-up UPDATE
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation.[13 Mar '13]
Wednesday tips round-up: Imagination, Close Bros., Fresnillo
Most companies do not get penalised for telling markets that one of their new revenues streams is on track to double, at least in volume terms. Yet that is, to a certain extent, what happened yesterday with Imagination Technologies. Then again, most companies“ shares do not trade at 34 times“ forward earnings, The Times“s Tempus chips in.[13 Mar '13]
Strong banking performance drives rise in operating profit at Close Brothers
Adjusted operating profit increased 26 per cent to 79.8m pounds in the six months to January 31st 2013 at specialist financial services group Close Brothers underpinned by strong performance within the Banking division.[12 Mar '13]
Tuesday broker round-up UPDATE
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation.[12 Mar '13]
Thursday broker round-up UPDATE
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating.[31 Jan '13]
Next non-exec halves stake
A round-up of the biggest director deals today so far.[24 Jan '13]
Thursday broker round-up UPDATE
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation.[24 Jan '13]
