Investing
Results round-up: Companies to watch this week
Forget about last week’s relaxed pace. The markets are back in gear with Ashmore and WH Smith just two of the household names set to update their investors.
Tuesday 14 October
Ashmore – interim management statement
September’s results put pressure on Ashmore shares and concerns are growing over the performance of emerging markets. Assets under management also fell and the group has taken a blow from currency movements. Investors will be hoping for signs of stabilising revenue margins.
Burberry – first half trading update
SABMiller – second quarter trading update
Investors will be hoping that the first quarter’s good growth has continued into the second. The performance in emerging markets – and Asia in particular – will be of interest as will the effect of currency exchange changes. The success of the brand’s higher-margin premium brands will also be of interest.
Wednesday 15 October
Connect – fourth quarter results
Fresnillo – third quarter production report
Silver production is expected to be good, but gold production may still be feeling the impact of disruptions at individual mines. Investors will be looking for updates on exploration and resource levels. Net profitability is likely to have taken a hit from further declines in the price of silver and gold.
Rio Tinto – third quarter 2014 operations review
The iron ore market has weakened further, impacting the outlook for Rio Tinto. However the business is still streamlining and production levels are expected to maintain their momentum across most commodities. Investors should look out for any updates on the progress of some major project works along with an outlook for the commodities sector.
Thursday 16 October
Booker – second quarter results
Diageo – first quarter trading update
North America will be the focus for investors as performance here has been strongest in recent times. Sales in Asia will be of interest given the company’s target of achieving 40 per cent of its sales in emerging markets by 2015. Currency movements will be a concern for investors here as well.
Man – interim management statement
Mondi – interim management statement
Investors will be hoping that Mondi’s share price remains up and that there has been no increased pricing pressure for its paper and packaging. Comments on the performance of emerging markets will be of interest, as will cost control.
WH Smith – preliminary results
Friday 17 October
Aeorema Communications – final results
Provident Financial – interim management statement
Travis Perkins – interim management statement, third quarter
Source: The Share Centre