Week ahead in business and economics: August 11-15
G4S is set to report half-yr numbers amid hopes of progress from its new management 
Photo: Alamy
Beleaguered security business G4S will be hunting to demonstrate progress in what has been six months of substantial alter for the new management crew.
The new technique is likely to contain much more price reductions and disposals in this week’s 1st-half results.
The firm is hoping It will safe new followers after dropping 1 of its highest-profile supporters – in June Bill Gates, co-founder of Microsoft and 1 of the world’s richest guys, sold his entire stake in the enterprise for a modest profit.
The company was locked out of the public sector in the wake of the prisoner-tagging scandal. But it has started winning function as soon as far more and the safety group was awarded a 3-12 months contract really worth £4m to offer services-management providers at three internet sites for HM Income & Customs.
Even so, interim results aren’t probably to be rather, with the City anticipating a 12pc drop in underlying earnings to £177m while revenues are also anticipated to drop to £3.2bn from £3.6bn.
Economic week ahead
The Bank of England is set to update central financial institution watchers on its view of spare capability in the labour industry at its quarterly Inflation Report this Wednesday.
Any sign that the monetary policy committee feels much more slack has been absorbed would suggest rises to curiosity rates sooner rather than later.
Considering that the final report in Might, wage development appears to have been much weaker than the Financial institution had anticipated, whereas development and employment data have beaten expectations. Morgan Stanley estimates that the Bank should now update its assessment of economic slack from 1pc-1.5pc to .75pc-one.25pc.
Crucial labour industry figures from the Workplace for Nationwide Statistics are anticipated to demonstrate that unemployment has taken a further fall, and nominal earnings growth is set to go unfavorable. Also on this week’s agenda are the ONS’ 2nd development estimate for the 2nd quarter of this 12 months and Rics data on housing marketplace power.
Monday August eleven
Complete-yr benefits None scheduled
Interim outcomes Huntsworth, SVG Capital, Synthomer
Trading update Mitie Group
Economics BRC retail product sales
Meetings None scheduled
Tuesday August twelve
Ladbrokes ’ embattled chief executive, Richard Glynn, will go to excellent lengths to show to investors that the bookmaker’s difficulty-kid digital business was “match fit” for the Globe Cup, as he fights to maintain hold of his occupation.
The bookie faced a race against time to get its digital products up to scratch just before the tournament, right after it took longer than anticipated to switch to a new partnership with gaming software group, Playtech.
Ladbrokes had hoped to come to a business settlement with its prior partner, Microgaming, to accelerate a move in excess of to Playtech’s platform but was forced to see out the finish of its prior contract, delaying the intended alterations.
The bookie has presently warned shareholders that initial-half figures are likely to make for grim reading as a end result of the digital overhaul – analysts are expecting earnings prior to interest and tax to plunge to £55.7m from £85.7m in the very first half of 2013.
Nonetheless, shareholders will require to be convinced that ample operational progress has been achieved if Mr Glynn is to stay at the helm.
Full-12 months final results None scheduled
Interim benefits Just Eat, Ladbrokes, Prudential, Serco Group, SIG
Trading update None scheduled
Economics No Uk data releases
Meetings None scheduled
Wednesday August 13
The UK’s greatest building firm Balfour Beatty is to unveil half-12 months benefits, significantly less than two weeks following it abruptly referred to as off merger talks with rival Carillion.
Balfour Beatty blamed Carillion’s alter of heart about the sale of its consultancy company, Parsons Brinckerhoff, for the cause of the fall-out. Analysts have also stressed that Balfour’s rejection has meant it has picked to place the imminent sale proceeds of the PB sale ahead of the wider industrial logic of a merger.
As a outcome, there will be scrutiny over just how unstable Balfour’s organization will be with no the asset. The business is at current with no a chief executive, soon after ousting Andrew McNaughton in May possibly. An update on the recruitment process would emphasise that the company is keen to remain independent.
Þ Insurance groups Prudential and Admiral are anticipated to current two quite distinct stories when they problem half-yr numbers to the industry tomorrow and on Wednesday respectively.
The Pru is anticipated to turn in a robust performance as continued growth in Asia and soaring equity markets in the US create continued profit development, although the double blow of the strong pound and annuity alterations announced in March’s Price range will have a quick phrase result.
Analysts at Barclays count on that underlying earnings at the group will boost by 15pc on a consistent currency basis, but that this will fall to 6pc as soon as converted into pounds.
On the other hand, car insurance coverage group and proprietor of Confused.com, Admiral, is expected to submit a slight decline in income as lower auto insurance premiums proceed to weigh on the group. Although client numbers have enhanced, they are most likely to be offset by an 11pc fall in premiums. Traders will also want an explanation of last month’s £200m debt issue, which caught several in the industry by surprise.
Full-yr final results None scheduled
Interim outcomes Admiral Group, Balfour Beatty, Brit Group, Capital & Regional, CLS Holdings, EnQuest, G4S, Lookers, Michael Page International, Tribal Group
Trading update Glencore, Pennon Group
Economics Financial institution of England quarterly Inflation Report, Labour industry report, Rics housing industry survey
Meetings African Minerals (AGM)
Thursday August 14
Total-year benefits Rank Group
Interim final results AZ Electronic Resources, Centamin, Cineworld, Derwent London, Partnership Assurance, Ophir Energy, Vitec Group
Trading update Zoopla Residence Group
Economics No Uk information releases
Meetings None scheduled
Friday August 15
Complete-year benefits None scheduled
Interim benefits None scheduled
Trading update None scheduled
Economics 2nd revision of 2nd-quarter gross domestic solution information, index of services
Meetings Kazakhmys (EGM)