Investing
Results round-up: Companies to watch this week
Investors will have plenty to keep them occupied this week as ASOS, Sainsburys and Mulberry deliver results.
Monday 9 June
Falkland Islands Holdings – preliminary results
Falkland Islands Holdings – which is active in retailing, property, insurance and hotels among other sectors – will deliver preliminary results on Monday.
Grafenia Plc – preliminary results
Grafenia, which offers printing services and templates to the graphic design industry, will update the markets on its preliminary results.
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Latchways – preliminary results
Fall protection specialist Latchways – which manufactures systems to ensure the safety of workers roofs and other high places – are also scheduled to announce their preliminary results on Monday.
Tuesday 10 June
ASOS – third quarter results
The ASOS share price was hit hard by an unexpected profit warning, issued just days before the online retailer is scheduled deliver third quarter performance results. The slowing sales and lowered forecasts in ASOS’s previous update were cause for concern, and this time around investors should listen out for any updates on international operations. Currency issues and heavy investment for future growth could continue to impact performance in the short-term.
Carphone Warehouse Group – preliminary results
The group behind Carphone Warehouse will deliver preliminary results and update investors on its strategy on Tuesday.
Eckoh – full year results
Eckoh, a provider of automated customer service solutions, will deliver its full-year results on Tuesday.
Wednesday 11 June
J Sainsbury – first quarter results
Supermarket chain J Sainsbury will update the market on its performance through the first quarter of 2014 on Wednesday. Pressure has been growing in the food retail sector, thanks largely to competitors Lidl and Aldi, so investors will be looking out for the food retailer’s position on price cutting and cost saving. The current share price indicates that investors expect the market to remain challenging, though dividend growth of two per cent is expected for the year.
Thursday 12 June
Mulberry – preliminary results
High-fashion retailer Mulberry has had a tough couple of years, but recently the share price has been stable. Demand in Asia is key to the brand’s success – this presents a challenge in the midst of an economic slowdown, but the company is still pursuing international expansion. Investors will be hoping that discretionary spending closer to home picked up as the economy improved, particularly after Mulberry sales proved disappointing through the Christmas period.
Sources: Headline Money, The Share Centre, Charles Stanley