Saturday, April 14, 2012

London stock market outlook next week april 16 -20 2012

London stock market outlook next week april 16 -20 2012, FTSE 100 index april 16 2012 : London stock market investors will next week digest full-year earnings from Britain’s biggest retailer, supermarket giant Tesco, which has been struggling in recent months.

The capital’s FTSE 100 index of leading shares finished at 5,651.79 points on Friday, down 1.26 percent from Thursday of the previous week, when it shut early for Easter.

All eyes will be on Tesco when it publishes full-year numbers on Tuesday, a month after it said that its head of domestic operations was stepping down following poor Christmas sales and a profits warning at the group.

Also next Tuesday, investors will pore over official British inflation data for March. On Wednesday meanwhile, the Bank of England publishes the minutes from its last monetary policy meeting.

The BoE voted earlier this month to keep its key interest rate at a record-low 0.50 percent and to maintain its economic stimulus amid mixed signals for the British economy.

The central bank’s policymakers remain anxious over the impact of the debt crisis in the eurozone — a key trading partner — on a fragile British economy that is already reeling from painful state austerity cuts.

Trading updates were also due next week from London-listed miners Anglo American and Rio Tinto, retailer Marks & Spencer and brewing giant SABMiller.

UK stock market week ahead april 16 -20 2012

Reporting on Monday DDD Group, Gem Diamonds, Northbridge Industrial Services, Tanfield, engery companies APR Energy, Dragon Oil also engineering services company Amec.

Principle contractor for BP's Clair Ridge Project, latest and largest activity in the North Sea for many years, AMEC offers its interim update after a period of growth and demand for its services worldwide.

On Tuesday Burberry Group, Marks & Spencer, M. P. Evans, Northbridge Industrial Services, Walker Greenbank.

An interim management statement same day from Man Group will be closely followed as the firm has reiterated intention to maintain a 10% plus dividend if at possible. The firm funds under management have reduced consistently during the downturn.

Marks & Spencer also provide a fourth quarter update. Shares recovering since the start of the year suggest that investors believe they are buying into an improved performance. M&S expected to achieve a dividend of around 4.5%.

On Wednesday Bunzl, Computacenter, GKN, Hunting, International Personal Finance,, Speedy Hire and Tesco.

Spirit Pub Company also reports Weds and follows Punch Taverns of last week. Shore Capital recently issued a bullish broker note for Spirit Pub Company, 62.5p at the time and saying the firms strong recovery holds out hope for a dividend to be paid.

Tesco publish full-year results same day as pre-tax profits expected to be in line expectations. Panmure Gordon thinks changes within stores have had a positive impact, adds confidence growing for a profit recovery.

On Thursday Debenhams, Ladbrokes, Lavendon, Persimmon, Devro, E2V Technologies, Hammerson, Hargreaves Lansdown, HydroDec, International Power, SABMiller and WH Smith.

Debenhams is expected to report strong sales growth in the first months of the year as Reuters noted the department stores ' resilience in tough markets'.

African Barrick Gold offers its latest trading update same day with Sunday Telegraph Questor recently suggesting the firm as 'worth a punt' on the gold price rise continuing.

Also Investors Chronicle recently said to 'keep buying' Ladbrokes at 148p as regulated bookmakers appear to be doing better than their unregulated firms in the online gaming world.

Closing out on Friday Shaft Sinkers, Spectris and bookmaker William Hill tipped in the same Investors Chronicle article with Ladbrokes.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
For the latest updates PRESS CTR + D or visit Stock Market news Today

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