Friday preview: Experian to report on challenging quarter

10th Jul 2014 14:47

Friday sees Experian report on what is expected to be a challenging first quarter (Q1) for the credit reporting company.Broker Liberum said this will represent "the worst quarter" for the FTSE 100 group in its 2015 financial year as a result of subdued trading in Latin American credit, due to the World Cup, and a worsening of the recent decline in its US consumer business. It expects organic growth to be broadly flat or even negative in Q1, down from 3% growth in the final quarter of last year. "We understand the Brazilian credit bureau has seen significantly lower volumes on Brazil match days - the longer Brazil remain in the tournament the longer this will continue," Liberum said in a note put out before the host country's 7-1 spanking at the hands of Germany. The US Consumer business shrank 6% in Q4 of 2013 and is thought likely to have worsened as it transitions from free sites to Experian.com brand.Also in the financials sector, the much more UK-focused moneysupermarket.com is due to put out a trading statement.Broker Numis has a 'reduce' rating on the FTSE 250 group as it believes the market is ascribing too much of a premium to the shares in spite of a "significant potential threat from Google".It estimates that MONY derives as much as 40% of EBITDA from visitors who come via Google, but that the search engine itself "appears to want to capture a greater share of the price comparison value chain". Friday July 11thINTERIM DIVIDEND PAYMENT DATEBritvic, Connect Group, Octopus Eclipse VCT 1QUARTERLY PAYMENT DATEBritish Assets Trust, Schlumberger Ltd.QUARTERLY EX-DIVIDEND DATEAbbott LaboratoriesINTERNATIONAL ECONOMIC ANNOUNCEMENTSConsumer Price Index (GER) (07:00)Treasury Budget Statement (US) (19:00)GMSPentagon Protection, Range Resources Ltd. (DI)ANNUAL REPORTOmega Diagnostics GroupIMSSExperian, British Land, SThreeSPECIAL DIVIDEND PAYMENT DATEOctopus Eclipse VCT 1EGMSJSC Kazkommertsbank GDR (Reg S)AGMSBeowulf Mining, Burberry Group, Capital Gearing Trust, Coms, Etalon Group Ltd GDR (Reg S), Perpetual Income & Growth Inv Trust, Twentyfour Income Fund Limited Ord Red, Value and Income TrustTRADING ANNOUNCEMENTSMoneysupermarket.com Group, X5 Retail Group NV GDR (Reg S), Michael Page InternationalFINAL DIVIDEND PAYMENT DATE3i Infrastructure, Booker Group, Camkids Group, Harvey Nash Group, Marks & Spencer Group, S&U, Sainsbury (J), TLA Worldwide , Tribal Group