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Thursday preview: Arriva, Travis Perkins, Wood Group

Wed, 16th Dec 2009 15:08

Rail and bus group Arriva issues a trading statement in which the bus division is expected to outperform the rail side.In the nine months to September 30 it saw 4.9% revenue growth at is bus division, while in the 42 weeks to October 24 it saw 1.3% growth at the Cross Country rail franchise and 6.7% growth at its Welsh rail operations. An upbeat trading update from oil and gas facilities service provider Petrofac on Wednesday has raised expectations for the trading announcement from sector peer Wood Group.The FTSE 250 company said in early October that it was performing in line with expectations, but there were concerns over activity and margins at its development related engineering operations, where customers have been slow to give the go-ahead to major capital expenditure projects. Builders merchant Travis Perkins said its third quarter trading was slightly ahead of expectations, but not by enough for the company to advise the market to upgrade full year expectations.The group said turnover for the nine months to the end of September was down 11%, with its Wickes brand the bright spot, as it drove up sales by 0.7% on a like for like basis in the third quarter.INTERIM DIVIDEND PAYMENT DATEMan Group, UBC Media GroupINTERNATIONAL ECONOMIC ANNOUNCEMENTSInitial Jobless Claims (US) (13:30)Leading Indicators (US) (15:00)Philadelphia Fed Index (US) (15:00)Construction Output (EU) (10:00)Bank of Japan MPC Meeting (JPN)FINALSAdvanced Power ComponentsEGMSIrish Life and PermanentAGMSBritish Assets Trust, British Empire Securities & General Trust, Leed Petroleum, Templar MineralsTRADING ANNOUNCEMENTSArriva, Travis Perkins, John Wood Group, JJB sports, SeniorUK ECONOMIC ANNOUNCEMENTSInternet Retail Sales (09:30)Retail Sales (09:30)CBI Distributive Trades Survey (11:00)FINAL DIVIDEND PAYMENT DATEING Global Real Estate Securities, Narborough Plant

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