| Sunday 21 October 2012 THAT WAS THE WEEK THAT WAS Don't Let 'Oops' Get You Down
By Malcolm Stacy Hello Share Fans,
There has been a lot of worry on the financial markets. Which makes the present bull market rather surprising. It's welcome just the same.
There is a growing feeling, I think, that though the Euro bosses keep on kicking the can down the road, at least nothing really nasty has happened.
Spain is still in a mess. So is Italy, though things are improving a bit there. Ireland is not out of the woods, by any means. And debt-ridden Greece is full of unrest as well as poverty.
Things could get worse in Europe. And the news is full of people saying aloud that they think it will. There have also been pronouncements that British banks are still short of enough necessary cash to get out of another big world crisis, should it come upon us.
Click here to view the rest of the article The Week Ahead Travelodge rebirth could prove bothersome for Whitbread
After a strong second quarter, albeit abetted by one-off boosts, Whitbread might have found the third quarter tougher going, given that it revealed that trading had become variable on a month-by-month basis.
"We think that the Travelodge CVA [company voluntary arrangement] will lead to a stronger competitor to Premier Inn with a more consistent product and even more competitive pricing. It is therefore unfortunate that Premier Inn's sales and marketing director, Gerard Tempest will leave in November to join Carnival UK. Combined with aggressive pricing and growth plans from international operators such as Tune Hotels we think Premier Inn will find the going tougher over the next 18 months," Panmure Gordon predicts.
On Thursday, department store group Debenhams releases results for the year to the end of August, with the market expecting pre-tax profits of £159m on sales of £2.54bn.
The earnings per share figure is expected to rise to 9.36p while the full-year dividend is seen coming in at around 3.1p, up from 3.0p last year.
Seymour Pierce recently raised its price target from 100p to 110p for the stock while sticking with its "hold" rating.
Monday October 22
INTERIMS e-Therapeutics
INTERIM DIVIDEND PAYMENT DATE Fyffes
IMSS Dragon Oil, Senior
SPECIAL DIVIDEND PAYMENT DATE InterContinental Hotels Group
AGMS Nighthawk Energy, Shanta Gold Ltd.
FINAL DIVIDEND PAYMENT DATE Diageo, Renishaw
Tuesday October 23
INTERIMS B.P. Marsh & Partners, C&C Group, LiDCO Group, Whitbread
INTERNATIONAL ECONOMIC ANNOUNCEMENTS Consumer Confidence Indicator (EU) (10:00)
Q3 ARM Holdings, CSR, Norsk Hydro ASA, Virgin Media Inc.
FINALS Avacta Group
IMSS Premier Foods
AGMS Arcontech Group, MobileWave Group , Murray Income Trust
UK ECONOMIC ANNOUNCEMENTS BBA Mortgage Lending Figures (09:30)
FINAL DIVIDEND PAYMENT DATE Anite, IG Group Holdings, Mattioli Woods
Q1 Oil & Gas Development Company Ltd GDR (Reg S)
Wednesday October 24
INTERIMS Home Retail Group, Lombard Risk Management, Volkswagen AG
INTERIM DIVIDEND PAYMENT DATE Interserve, Invesco Perpetual UK Small Companies Inv Trust
INTERIM EX-DIVIDEND DATE Capital Lease Aviation, Goals Soccer Centres, Hansteen Holdings, Harvey Nash Group, Hunting, Marshalls, Menzies(John), Octopus VCT , Old Mutual, Rolls-Royce Holdings, Senior, Tullett Prebon, Walker Greenbank, William Hill
QUARTERLY PAYMENT DATE Assura Group Ltd.
QUARTERLY EX-DIVIDEND DATE City of London Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS Crude Oil Inventories (US) (15:30) FOMC Interest Rate (US) (17:15) House Price Index (US) (15:00) IFO Business Climate (GER) (09:00) IFO Current Assessment (GER) (09:00) IFO Expectations (GER) (09:00) MBA Mortgage Applications (US) (12:00) New Homes Sales (US) (15:00)
Q3 Lilly (Eli) & Co, Reckitt Benckiser Group, Torchmark Corp.
ANNUAL REPORT Hargreaves Lansdown, K3 Business Technology Group
IMSS British American Tobacco
SPECIAL EX-DIVIDEND PAYMENT DATE Bailey (C.H.)
EGMS 3D Diagnostic Imaging
AGMS Avingtrans, Haynes Publishing Group, Impala Platinum Holdings Ltd.
TRADING ANNOUNCEMENTS Sportingbet
UK ECONOMIC ANNOUNCEMENTS CBI Industrial Trends Surveys (11:00)
FINAL DIVIDEND PAYMENT DATE Brooks Macdonald Group
FINAL EX-DIVIDEND DATE BlackRock Greater Europe Inv Trust, British Sky Broadcasting Group, Edge Performance VCT 'D' Shares, Edge Performance VCT 'E' Shares, Edge Performance VCT 'F' Shares, Edge Performance VCT G Shares, Goldplat, Impax Asian Environmental Markets, Interior Services Group, JPMorgan Emerging Markets Inv Trust, Mcbride, Plexus Holdings, Smiths Group, Thorpe (F.W.), Wetherspoon (J.D.)
Thursday October 25
INTERIMS ASOS, Stobart Group Ltd.
INTERIM DIVIDEND PAYMENT DATE BrainJuicer Group, Inmarsat, Ladbrokes, Lupus Capital, Martin Currie Global Portfolio Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS Bloomberg Consumer Confidence (US) (14:45) Continuing Claims (US) (13:30) Durable Goods Orders (US) (13:30) Initial Jobless Claims (US) (13:30) M3 Money Supply (EU) (09:00) Pending Homes Sales (US) (15:00)
Q3 AstraZeneca, Petroleum Geo Services ASA, Shire Plc, Unilever
GMS Premier Foods
FINALS Debenhams
IMSS AZ Electronic Materials SA (DI), Inchcape, Kazakhmys, National Express Group
EGMS Acer Incorporated GDR (Reg S), Datang International Power Generation Co Ltd.
AGMS Antisoma, BHP Billiton, Go-Ahead Group, Hermes Pacific Investments, Leeds Group, Lochard Energy Group
TRADING ANNOUNCEMENTS Mail.ru Group Ltd GDR (Reg S), Stobart Group Ltd., WPP
UK ECONOMIC ANNOUNCEMENTS GDP (Preliminary) (09:30) Index of Services (09:30)
FINAL DIVIDEND PAYMENT DATE Oxford Instruments
Friday October 26
INTERIMS African Medical Investments, Gail (India) Ltd GDR (Reg S)
INTERIM DIVIDEND PAYMENT DATE Amati Vct 2, Brightside Group, British Smaller Companies VCT 2, Costain Group, Dignity, EMIS Group, F&C Asset Management, Fairpoint Group, Filtrona PLC, Good Energy Group, H.R. Owen, Henry Boot, InterQuest Group, Kentz Corporation Ltd., Morgan Sindall Group, North American Income Trust (The), Primary Health Properties, Quarto Group Inc., Real Estate Investors, Rentokil Initial, Severfield-Rowen, Smurfit Kappa Group, Vitec Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS GDP (Advance) (US) (13:30) U. of Michigan Confidence (Final) (US) (15:00)
Q2 Gail (India) Ltd GDR (Reg S)
Q3 Norwegian Property ASA, Polski Koncern Naftowy Orlen S.A. GDR(Reg S)
IMSS CPP Group, Elementis
AGMS Transense Technologies, URU Metals Ltd. (DI)
FINAL DIVIDEND PAYMENT DATE Consort Medical, Development Securities
Link to article. BOOK OF THE WEEK By Guy Fraser-Sampson
A book review by Richard Gill of t1ps.com To some people the world of finance can be as complicated to understand as medicine or particle physics. This seems sad given that money is a vital part of our everyday lives - unlike brain surgery or splitting the atom. But in No Fear Finance Guy Fraser-Sampson attempts to show that finance is not such a scary subject as it can sound and that anyone can learn to understand it by taking on some basic principals.
The book, which after a short introduction to why the subject can be difficult to understand, introduces all of the key topics involved in finance which people should be aware of in today's world. It starts right at the beginning of the business process, with the various legal structures of enterprise explained. Moving on through basic accounting, bonds, the time value of money, equities and working capital, we then learn about more difficult subjects such as derivatives and the portfolio management concepts, alpha and beta. Each chapter also includes a useful summary section, with the main points of the text presented in an easy to read, bullet point format.
Click here to view the rest of the article ALTERNATIVE BET OF THE WEEK Your local betting shop may be great for the footie, but you must go online for the truly weird bets.
This week: will Scotland have a currency other than sterling by the end of 2020?
Singles Only. Applies to whether or not Scotland puts into practice a currency other than pound sterling by the end of 2020. Must be in use for a minimum of twelve months in the named time period.
Regards,
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