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"There is likely to be an update on costs associated with the transfer of private sewers in October. Based on comments from industry peers, costs could come in at the lower end of initial expectations," Cook said. "Ofwat is expected to finalise the parameters for the next regulatory period (2015-20) later this year and UU is likely to reassure that any changes arising from consultation with the regulator are likely to be manageable (evolution rather than revolution)," Cook added. The broker is forecasting profit before tax of £324m, down from £329m last year. Earnings per share are tipped to edge up to 35.4p from 35.1p, while the full-year dividend is seen rising to 32p from 30p. More evidence this week of hard times on the High Street will not have unduly bothered ASOS shareholders, as the company is exclusively an online retailer.

The company has already issued a pre-closed period trading update in which it said it expects a "good underlying financial performance" for the fiscal year just ended. "Revenue growth of 3%-4% is expected for the full year (FY12e [fiscal year 2012-estimate] £1,566m; FY11a [fiscal 2011-actual] £1,513m), which is slightly below the allowed regulated price rise (0.2% real price cut plus RPI [retail price inflation] of 4.7%) due to customers switching to meters and lower commercial volumes in H2 [the second half]," notes Tina Cook, an analyst at Charles Stanley.

Tin hats will need to be at the ready on Thursday morning as a barrage of company results is expected. With the market in disarray again, the defensive qualities of United Utilities (UU) might interest a few risk averse investors.

Dont think ill have time mate lads fighting in dudley sunday........

During the year, client travel activity increased 2% while travel spending rose by 5%.

"However, since the year end, the Group has continued to trade in line with our expectations and we are confident that our proven strategy and business model, our robust financial position and strong pipeline of new business opportunities will enable HRG to continue to make good progress in the year ahead," it added.

Underlining its confidence in future trading, the group has recommended a final dividend of 1.4p per share, giving a full year dividend of 2p per share, up 33% on the prior year. Commenting on the trading conditions, chief executive David Radcliffe said, "Given the difficult macroeconomic outlook, we expect trading conditions to remain challenging during the current financial year."

Corporate travel services firm Hogg Robinson said a strong pipeline of new business opportunities gives it confidence for future trading despite challenging trading conditions as it posted an 18 per cent increase in annual profit. Pre-tax profit for the year ended March 31 climbed to £34.1m from £28.9m the year before. Revenue for the period rose to £374.2m from £358m befo

Military communications specialist SCOTTY has completed a reorganisation of its US operations. The company has changed the name of its operating subsidiary in the US to SCOTTY Satcom Technologies, and relocated its US headquarters and system integration facility from Atlanta, Georgia, to Titusville, Florida, where it will share space with business partner AirScan, a provider of airborne intelligence, surveillance and reconnaissance services. "This [team-up with AirScan] represents an important step towards SCOTTY's key objective of forming relationships with strategic partners in aviation markets and further develops our strategy of rationalising our operating costs," said SCOTTY's Chairman, Dr Ernst Wustinger.

Specialist primary care infrastructure investor MedicX is to buy a new primary care medical centre in Kingston upon Thames, South West London, which is due to be completed in November 2012. The total acquisition cost of the property is anticipated to be £2.9m.

All of the 20 residential properties at the Wellingborough development, the principal asset of investment firm Energiser, are currently let, generating gross annual rental income of £149,000. The value of the portfolio of properties in Wellingborough increased by £103,000 to £2.55m (2010: £2.45m) and the group's net assets increased marginally to £340,000 (2011: £339,000), representing net asset value per share of 0.78p (2010: 1.06p). The group racked up a loss of £124,000 in 2011 after making a profit of £68,000 the year before.

, Energetix Group said it has made good progress in the development of its energy supply business. The group has recently recruited an experienced senior management team who are working with Tony Stiff, boss of the firm's energy supply business, and plans are afoot to launch live operations during the fourth quarter of this year. This new business is located in Ipswich. A branding exercise for the energy supply business is taking place, with a number of brands being tested with focus groups. Energetix hopes to launch the new brand later in the year.

Oxford Catalysts, the synthetic fuels technology firm, celebrated its first successful start-up of a commercial scale Fischer-Tropsch reactor at a client facility, with performance matching expectations. Roy Lipski, Chief Executive Officer at Oxford Catalysts, hailed it as a milestone for the group, and also its client. 'We're excited to prove the capabilities of our technology at this commercially significant scale, and are confident that it will meet our customer's needs and facilitate their ambitious plans for widespread commercial synthetic fuels production,' Lipski said.

The contract in the first year is worth $2.0m, relatively small beer to IDOX, which is expected by the market to notch up revenues of £53.25m in the year to October 31st 2012.

IDOX, the software services firm focused on the UK public sector, said its McLaren Software engineering information unit has bagged a contract with Occidental Petroleum. McLaren is to supply its McLaren Enterprise application software suite and related services to OXY, a subsidiary of US oil and gas giant, Occidental Petroleum .

Dont really understand it to be honest..........

SacOil has said it accepts the findings of a public censure from the Johannesburg Stock Exchange (JSE) relating to the sale of an intangible asset. The company has consequently appointed Ernst & Young to advise on future complex transactions, saying that "the accounting treatment of intangible assets is a complex and opaque issue that has been the subject of global debate". The censure relates specifically to the disclosure of headline earnings per share in the trading statements, which arose from a differential accounting treatment of the group's intangible assets.

Bit touchy on matra board lol.......

Telecom Plus, the utility provider which trades as Utility Warehouse, pledged back at the end of March to hit upgraded expectations, which are for full year revenue of £483.9m, profit before tax of £30.43m, earnings per share of 33.05p and a dividend of 27p. Customers chasing the latest offers and switching suppliers - known as "churn" in the industry - is a concern, but Northland Capital Partners that the company's "multi-service offering should help Telecom Plus's own churn."

"These results show UK Mail's resilience during a year of tough trading conditions, in markets that are undergoing fundamental change," said Chief Executive Officer Guy Buswell.