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Tuesday preview: ABF and Imperial Tobacco report full-year results

Mon, 02nd Nov 2015 14:41

(ShareCast News) - Primark owner Associated British Foods is expected to report a 5% drop in adjusted full-year earnings on Tuesday, reflecting challenges at its sugar division.UBS predicts earnings per share of 98p, in line with consensus forecasts and management's guidance."All divisions except sugar (Agriculture, Ingredients, Grocery and retail) are expected to be ahead of last year for operating profit at constant currency," said UBS analyst Sophie Hughes."We expect Primark FY2015 like-for-like sales to be 1% following an acceleration in the fourth quarter."Investors may be looking for any remarks on how ABF plans to address the challenges its faces in the sugar industry, which has been affected by lower prices in Europe, tight regulation and public health campaigns.Imperial Tobacco is also set to report its finals on Tuesday. Deutsche Bank has forecast volumes of 285bn, tobacco revenue of £6.45bn, tobacco operating profit of £2.89bn, earnings per share of 207.5p and a dividend of 140.8p per share."While there will be some focus on FY15, we see little risk of Imperial disappointing against our forecasts with recent company updates (9M IMS of mid-August and the September conference season) providing significant comfort against our 207.5p EPS forecast," said Deutsche Bank analyst Gerry Gallagher. "The focus will be the outlook for FY16 with the USA front and centre." Tuesday 3 November INTERIM DIVIDEND PAYMENT DATE M. P. Evans Group, Mears Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) Factory Orders (US) (15:00) Goods Orders (US) (15:00) Q3 Indivior GMS Pembroke Vct FINALS Associated British Foods, Egdon Resources, Imperial Tobacco IMSS Direct Line Insurance Group, Pendragon, Weir Group, Standard Chartered EGMS Wizz Air Holdings AGMS Jupiter European Opportunities Trust, Marwyn Value Investors Limited, Mobile Streams, Schroder Japan Growth Fund TRADING ANNOUNCEMENTS Amec Foster Wheeler, Regus UK ECONOMIC ANNOUNCEMENTS PMI Construction (09:30) FINAL DIVIDEND PAYMENT DATE Produce Investments
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5 Feb 2016 15:07

Friday broker round-up

(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target

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5 Feb 2016 14:28

Imperial Tobacco changes its name to Imperial Brands

(ShareCast News) - Imperial Tobacco has changed its name to Imperial Brands with immediate effect, following approval from shareholders at the annual general meeting earlier this week. The group's ticker on the London Stock Exchange will change to IMB with effect from Monday and its new web address,

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4 Feb 2016 16:30

Earnings, Trading Statements Calendar - Week Ahead

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4 Feb 2016 10:28

WINNERS & LOSERS SUMMARY: Shell Gains As Earnings Meet Expectations

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3 Feb 2016 09:38

BROKER RATINGS SUMMARY: SocGen Cuts Sainsbury To Hold After Argos Deal

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2 Feb 2016 09:36

BROKER RATINGS SUMMARY: Citigroup And Liberum Upgrade Shell To Buy

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2 Feb 2016 08:23

LONDON BRIEFING: BP Disappoints As Weak Oil Prices Take Their Toll

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29 Jan 2016 16:11

London close: Equities close higher as oil prices rise, BoJ loosens policy

(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.

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29 Jan 2016 14:50

FTSE 100 movers: South Africa rate rise sends Old Mutual surging

(ShareCast News) - The FTSE 100 was back over the 6,000 mark on Friday, rising 105.69 points (1.78%) to 6,037.47 by mid-afternoon. Old Mutual topped the list after South Africa's central bank raised interest rates for the second time in two months yesterday. The bank also cut its growth forecast as

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28 Jan 2016 18:01

After unusual weather, Cuba struggles to save prized tobacco crop

By Marc Frank SAN JUAN Y MARTINEZ, Cuba, Jan 28 (Reuters) - Highly unusual weather has damaged Cuba's tobacco crop, raising concerns among farmers and cigar-lovers that the island's supply of its famous cigars might suffer at a time of increased demand resulting from detente with the United

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28 Jan 2016 16:04

Dividends Calendar - Week Ahead

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28 Jan 2016 09:37

BROKER RATINGS SUMMARY: UBS Says Buy BAT And Imperial Tobacco

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27 Jan 2016 16:01

AGM, EGM Calendar - Week Ahead

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21 Jan 2016 16:25

Credit Suisse adds Travis Perkins, Whitbread, Imperial Tobacco and Halma to top picks

(ShareCast News) - Analysts at Credit Suisse reshuffled their deck of top outperformers and underperformers on Thursday. In its report, the broker summarised analysts' most and least favoured stocks in each sector, which were usually limited to 20% of each one's coverage universe. The Swiss broker

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18 Jan 2016 10:17

WINNERS & LOSERS SUMMARY: Empyrean Energy Jumps On Sugarloaf Deal

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