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Friday preview: US-China data, SThree in focus

Thu, 13th Jun 2019 11:55

(Sharecast News) - The focus will be on the US and China at the end of the week, but not because of their ongoing trade standoff. In China, a raft of economic reports are due out, covering retail sales, industrial production and fixed asset investment, all covering the month of June.Later in the session, Stateside, investors will be waiting on readings for retail sales and industrial production in May, followed by the preliminary reading on the University of Michigan's consumer confidence index for June.SThree is among those corporate that are set to update financial markets at the end of the week.Analyst Steve Woolf at Numis was anticipating that on a like-for-like basis, the staffing company would report a roughly 9.0% gain in net few growth over the second quarter, the same as over the prior three-month stretch, albeit down from the 13% jump observed during the same quarter one year ago. Trading was mixed during the first quarter, with the UK impacted by Brexit uncertainty, although in Germany - SThree's most important market - net fee growth printed at 7% despite tough year-on-year comparatives, while in the US it came in at 17%."We do not expect a change in market conditions during the period. Overall, we believe SThree will report a solid performance, and a forward PE rating of 9x, represents a c.25% discount to its UK peers, and is supported by a c.5% dividend yield."Friday June 14INTERIM DIVIDEND PAYMENT DATEAeci 5 1/2% Prf, Avingtrans, Brewin Dolphin Holdings, Cambria Automobiles, Lok'n Store Group, Majedie Investments, Sage GroupQUARTERLY PAYMENT DATECarnival, Chenavari Toro Income Fund Limited NPVINTERNATIONAL ECONOMIC ANNOUNCEMENTSBalance of Trade (EU) (10:00)Business Inventories (US) (15:00)Capacity Utilisation (US) (14:15)Industrial Production (US) (14:15)Retail Sales (US) (13:30)U. of Michigan Confidence (Prelim) (US) (15:00)ANNUAL REPORTSSEAGMSM. P. Evans Group, OJSC Rostelekom ADR (level I), Public Joint Stock Company Gazprom Neft ADR, Serabi Gold, Walker GreenbankTRADING ANNOUNCEMENTSSThreeFINAL DIVIDEND PAYMENT DATEAdvanced Medical Solutions Group, Ascential, Burford Capital , CEIBA Investments Limited NPV, Downing Three VCT H Shs, Downing Three VCT J Shs, FDM Group (Holdings), Filta Group Holdings, G4S, K3 Business Technology Group, The Gym Group
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9 Dec 2016 11:10

UPDATE 1-Recruiter SThree says annual profit to beat consensus

(Adds CEO comments, peer performance, share movement) By Esha Vaish Dec 9 (Reuters) - Recruiter SThree said annual profit would exceed market expectations as strong growth in the United States and Europe more than made up for a slowdown in hiring in its domestic business following Bri

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9 Dec 2016 08:36

SThree sees FY profit touch above top end of market views

(ShareCast News) - Specialist staffing business SThree said on Friday that it expects pre-tax profit for the year to be slightly above the top end of the range of current market expectations of between £37.3m and £39m. In a trading update for the year to the end of November, the company said group p

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9 Dec 2016 08:24

CORRECTED-Recruiter SThree blames Brexit uncertainty for UK profit fall

(Corrects to show full-year rise and to specify 12 pct fall refers to UK and Ireland, paragraphs 1,3) Dec 9 (Reuters) - Recruiter SThree posted a 2 percent rise its full-year gross profit on Friday weighed by an 8 percent fall in Britain and Ireland hurt by a slowdown in finance and the pub

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21 Nov 2016 15:01

Broker tips: European recruiters, Mitie, WS Atkins

(ShareCast News) - HSBC upgraded staffing groups Page, Hays and SThree to 'buy' ratings as the sector is seen as a key beneficiary of impending inflation. Trading down at the low end of where they would expect to be in the cycle compared to industrial stocks, HSBC said recruiters are cheaper relativ

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21 Nov 2016 10:23

HSBC upgrades recruiters on likely inflation boost

(ShareCast News) - HSBC upgraded staffing groups Page, Hays and SThree to 'buy' ratings as the sector is seen as a key beneficiary of impending inflation. Trading down at the low end of where they would expect to be in the cycle compared to industrial stocks, HSBC said recruiters are cheaper relativ

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21 Nov 2016 08:23

LONDON BRIEFING: Essentra And Mitie Woes Sink Midcap Index

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11 Oct 2016 10:48

UPDATE 2-Staffing firm PageGroup says UK market 'fragile' after Brexit

* Says more caution in UK hiring among multinationals * Hiring for finance jobs, higher paid positions most hit * UK Q3 gross profit fell 4.7 pct, less than expected * Group Q3 gross profit up 1.3 pct * Stock up over 4 pct, positive read across for peers (Adds CEO, analy

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9 Sep 2016 09:09

SThree has mixed Q3 due to EU referendum

(ShareCast News) - Recruitment firm SThree experienced a successive mixed quarter as sales in continental Europe grew, but was affected by the EU referendum and a downturn in the energy sector. For the third quarter ended 31 August, gross profit was down 2% to £66m year-on-year, but was ahead by 2%

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2 Sep 2016 15:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 Jul 2016 10:09

Lead-up to Brexit vote hits SThree profits

(ShareCast News) - Recruitment company SThree posted first-half numbers on Monday, with an 8% fall in profits being attributed to managers putting hiring decisions on ice in the lead-up to the EU referendum. The London-listed recruiter said group gross profit from permanent placements fell 2% on con

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11 Jul 2016 09:48

WINNERS & LOSERS SUMMARY: CLS Holdings Up As It Buys In Germany

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11 Jul 2016 06:48

SThree Interim Profit Dips On One-Off Costs And Slowdown In UK Market

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6 Jul 2016 08:32

BROKER RATINGS SUMMARY: Macquarie Raises Banks, HSBC Lowers Grocers

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4 Jul 2016 15:16

UK Earnings, Trading Statements Calendar - Next 7 Days

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24 Jun 2016 11:49

Recruiters Hit By Brexit As Industry Body Expects "Challenging Period"

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