Friday preview: Smiths Group reports third quarter interims

22nd May 2014 15:09

UK multinational engineering company Smiths Group reports its third quarter interims on Friday. The group's medical device division will be closely monitored given the weak first half which saw organic growth down 4%, according to Numis.The company's John Crane business, which provides products to the oil and gas and mining sectors, will also be watched as it has taken over as the biggest division. "The first half included some de-stocking which is expected to reverse suggesting a better second half although procedure volumes in the US, according to peers, remain subdued," Numis said.The broker added that it will be waiting for clarity on recent announcements of order wins and to see what impact it has on the full-year.On the macro-front will be the release of German gross domestic product figures and US new home sales data.Friday May 23rdINTERIM DIVIDEND PAYMENT DATEAB DynamicsINTERNATIONAL ECONOMIC ANNOUNCEMENTSIFO Business Climate (GER) (09:00)IFO Current Assessment (GER) (09:00)IFO Expectations (GER) (09:00)New Homes Sales (US) (15:00)Retail sales (IT) (09:00)Business confidence (BE) (14:00)GMSCoral Products, Helphire GroupFINALSQuintain Estates & DevelopmentANNUAL REPORTScottish Mortgage Inv TrustIMSSClose Brothers Group, Smiths GroupAGMSCathay International Holdings Ltd., Essenden, HSBC Holdings, Informa, IS Solutions, Kings Arms Yard VCT, MD Medical Group Investments GDR (Reg S), Moss Bros Group, Robert Walters, Total Produce, Toumaz Limited, Vernalis, Vimetco NV GDR (Reg S)FINAL DIVIDEND PAYMENT DATEAfrican Barrick Gold , Antofagasta, BBA Aviation, Bovis Homes Group, Charles Taylor, Churchill China, Dunedin Enterprise Investment Trust, esure Group, Fidelity European Values, H.R. Owen, Kentz Corporation Ltd., Merchants Trust, Mithras Inv Trust, Morgan Sindall Group, National Express Group, Paddy Power, Petrofac Ltd., Playtech, Portmeirion Group, Powerflute Oyj (DI), Reed Elsevier, RPS Group, STV Group, Vesuvius, XchangingRD