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The forward look from The Share Centre - 5 Sept 2011
Nick Raynor, investment adviser at The Share Centre, gives his thoughts on what to expect from companies announcing results w/c 5 September 2011.
Tuesday
Whitbread’s last update in June helped to restore some confidence in the group and investors will be hoping this can be further endorsed. It will be difficult for the company to balance increasing raw material costs against consumers cutting back on discretionary spend - so far the group has chosen to cut costs rather than increase prices.
We currently list Whitbread as a HOLD
Thursday
Morrison interim results
Investors will be keen to see if the group can continue to boost market share or if there will be signs of this improvement slowing. Analysts will also be focusing on the group’s margins, which they suggest are set to come under pressure. As ever comments on the health of the UK consumer and food inflation will be closely monitored.
We currently list Morrison as a HOLD
Economic Diary
Economic announcements for the w/c 5 September 2011
5 September, Markit/CIPS UK Services PMI
Last month the services sector, according to the Markit/CIPS Services PMI, went against the grain and enjoyed a significant improvement on the month before. In fact, the Markit/CIPS Business Activity Index recorded its biggest monthly rise in four months, jumping from 53.9 in June to 55.4 in July, a level which is above the series average. With other economic reports looking so gloomy of late, the services index provided a rare piece of positivity. Will the August survey be similarly encouraging?
8 September, Governing Council meeting of the ECB in Frankfurt – ECB, and Monetary Policy Committee Meeting and Announcement, Bank of England
Although the economic prospects appear to have worsened significantly since the last time interest rates setters at the ECB and Bank of England met, it is unlikely we will see any changes this month. However, the central banks may surprise, and while we probably won’t see Eurozone rates lowered, or more quantitative easing in the UK, both eventualities are possible.
Other economic announcements include:
5 September
Markit/CIPS UK Services PMI
6 September
EU National accounts, Q2 GDP – Eurostat
7 September
Index of Production, July 2011 – ONS
8 September:
Governing Council meeting of the ECB in Frankfurt – ECB
US International Trade, July – Census and BEA
Monetary Policy Committee Meeting and Announcement, Bank of England
9 September
Producer Price Index, August 2011 – ONS
THIS DATA IS PROVIDED BY NICK RAYNOR, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.
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Back2011-09-02 14:17:06 © Moneyextra.com