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Tuesday preview: ARM, Go-Ahead, GDP

Mon, 25th Oct 2010 18:08

Shares in chip designer ARM Holdings are up more than 150% over the last year but have eased by 6% over the last month as slightly implausible takeover rumours - Apple and Intel both have strategic stakes in the company - have quietened down.Given that the company's chip designs are included in hot ticket items such as smartphones, including the much ballyhooed iPhone from Apple, the company is still very much a high growth operation though its prospects may have taken a bit of a knock last week when Apple revealed that sales of its iPad tablet computer were running below market expectations. Third quarter figures from the Cambridge based firm on Tuesday will show whether the company is still on track to hit market expectations of full year revenue of £391.6m. The market is also expecting the company to triple last year's pre-tax profit of £47.3m. Directors of the public transport provider Go-Ahead Group probably breathed a sigh of relief when the government's slash and burn comprehensive spending review was announced. Though the bus service operator grant will be cut by 20% over three years from 2012, the market had been expecting a much more enthusiastic wielding of the axe by chancellor of the exchequer George Osborne. The grant reimburses bus companies for 80% of the fuel duty on certain services that would otherwise be unviable.Some economists have argued that Osborne's determination to bring the public spending deficit under control endangers Britain's fragile economic recovery and on Tuesday we'll get to see whether they are right to be concerned, as the first stab at calculating third quarter gross domestic product (GDP) is revealed.After the giddy heights of a 1.2% quarter-on-quarter improvement of the second quarter economists are bracing themselves for a dramatic slowdown to around 0.4% for the third quarter.If the economists' forecasts are correct then that would take GDP to level some 2.4% higher than a year earlier, an improvement on the 1.7% year-on-year improvement in the second quarter.However, recent experience suggests that the consensus view of economists is unlikely to be bang on the money; the consensus figure is just the median value of a range that runs from +0.2% to +0.8%.INTERIMS Braemar Shipping Services, LiDCO Group INTERIM DIVIDEND PAYMENT DATE Fairpoint Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS GFK Consumer Confidence (GER) (07:00)Consumer Confidence (FRA) (07:45)Jobseekers Net Change (FRA) (17:00) House Price Index (US) (15:00) Consumer Confidence (US) (15:00) Richmond Fed Manufacturing Index (15:00)Q3 ARM Holdings GMS Anglogold Ashanti Ltd., Impax Asian Environmental Markets, Mitchells & Butlers IMSS Go-Ahead Group AGMS Active Capital Trust, Global Special Opportunities Trust Income Shares, Indus Gas Ltd., JPMorgan Overseas Inv Trust, Lucky Cement Ltd. GDR (Reg S), Murray Income Trust, Savile Group UK ECONOMIC ANNOUNCEMENTS GDP (Preliminary) (09:30) Index of Services (09:30) FINAL DIVIDEND PAYMENT DATE Anite
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5 Apr 2022 10:40

SMALL-CAP WINNERS & LOSERS: Go-Ahead races higher on payout resumption

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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5 Apr 2022 08:59

LONDON MARKET OPEN: Stocks down as Biden calls for war crimes trial

(Alliance News) - Stocks in London opened lower on Tuesday amid cautious trade as investors continue to track geopolitical developments.

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5 Apr 2022 08:47

Go-Ahead to resume payouts amid new strategy after "challenging" time

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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5 Apr 2022 08:25

LONDON BRIEFING: Go-Ahead reinstates pre-pandemic payout policy

(Alliance News) - Go-Ahead Group PLC on Tuesday said it will reinstate its pre-Covid dividend policy as it set out medium-term plans to boost revenue and profit.

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5 Apr 2022 07:55

Go-Ahead to restart dividends

(Sharecast News) - Go-Ahead said it would restart dividends as the bus and train operator set out targets for improved revenue and profit.

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5 Apr 2022 07:50

LONDON MARKET PRE-OPEN: Moonpig confident; Go-Ahead brings back payout

(Alliance News) - Stocks in London are seen opening lower on Tuesday, with traders still mindful of the possibility of more sanctions being imposed on Russia in the wake of international outrage following killings in the Ukrainian town of Bucha.

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25 Mar 2022 11:14

Go-Ahead's Govia wins contract with National Rail to extend operations

(Alliance News) - Go-Ahead Group PLC on Friday said its subsidiary Govia Thameslink Railway has won a three-year contract extension from National Rail, which oversees train services in Britain.

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25 Mar 2022 10:57

SMALL-CAP WINNERS & LOSERS: Go-Ahead up on Govia deal; Wickes sales up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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25 Mar 2022 08:45

LONDON MARKET OPEN: European stocks drift lower in cautious start

(Alliance News) - Blue-chip European equities nudged lower in early dealings on Friday, in nervy early trade, a stark contrast to stocks in New York, which surged overnight despite markets facing a wealth of uncertainty

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25 Mar 2022 08:05

Go-Ahead's GTR awarded National Rail contract to 2025

(Sharecast News) - Go-Ahead Group announced on Friday that the Department for Transport (DfT) has awarded a National Rail contract to its Govia Thameslink Railway (GTR) joint venture, to continue operating the Thameslink, Southern and Great Northern rail services in the south of England.

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25 Mar 2022 07:54

LONDON MARKET PRE-OPEN: Petropavlovsk ability to sell gold threatened

(Alliance News) - Stocks in London were called lower on Friday, after data showed UK retail sales fell in February and a survey showed consumer confidence taking a hit in March.

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21 Mar 2022 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 22 March 
Crest Nicholson Holdings PLCAGM
Hochschild Mining PLCEGM re Amarillo Gold acquisition
Hydro Hotel Eastbourne PLCAGM
Starvest PLCAGM
Sureserve Group plcAGM
Wynnstay Group PLCAGM
Wednesday 23 March 
CML Microsystems PLCGM re employee share plans
Quartix Technologies PLCAGM
Strategic Equity Capital PLCGM re tender offer
Thursday 24 March 
BlackRock Throgmorton Trust PLCAGM
Independent Investment Trust PLCAGM
N4 Pharma PLCAGM
React Group PLCAGM
Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy
Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
  
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17 Mar 2022 10:59

SMALL-CAP WINNERS & LOSERS: Go-Ahead up as fine less harsh than feared

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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17 Mar 2022 10:34

Go-Ahead gets penalty for train contract that is lower than budgeted

(Alliance News) - Go-Ahead Group PLC said on Thursday it received a lower-than-expected fine from the UK government, in relation to its mishandling of its former London & South Eastern Railway Ltd franchise.

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17 Mar 2022 08:32

Go-Ahead handed smaller fine than expected for Southeastern bungle

(Sharecast News) - Go-Ahead Group has been issued a £23.5m penalty by the Department for Transport (DfT), it announced on Thursday - several million pounds less than it had budgeted for.

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