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Results round-up: Companies to watch this week

Lucinda Beeman
Written By:
Lucinda Beeman
Posted:
Updated:
30/06/2014

Wednesday will be busy this week as three companies – including Tullow Oil – deliver statements on their performance and management on the same day.

Wednesday 2 July

Persimmon – second quarter trading update

The housebuilder’s shares were dented by the talk of interest rate rises, but its second quarter trading update is likely to show current momentum continuing. Investors expect to see strong forward sales and updates on land acquisition and development. Any discussion of how the company might be impacted by rate rises will also be of interest.

Tullow Oil – second quarter trading statement

Tullow has had a troubled couple of years, dented its long term growth record, but news flow has been better over the last few months. Shares have halted their slide, and investors will be expecting updates on production targets for the year. Any updates on how existing projects are progressing and whether current assets will be put up for sale will also be closely viewed.

Carillon – interim management statement

A recent statement from Carillon reported that trading is in line with expectations, so investors aren’t expecting much excitement from this update. News on international operations and any recent contract wins will be welcome, as will confirmation that revenue growth is on track. 

Thursday 3 July

Poundland – preliminary results

Poundland will update the market on Thursday, delivering its preliminary results. 

Greene King – preliminary results

Pub retailer and brewer Greene King will also deliver its preliminary results on Thursday.

Source: The Share Centre, Headline Money, Brewin Dolphin