Thursday preview: DSG International, Micro Focus, DS Smith

24th Jun 2009 15:10

Shareholders in Currys and PC World owner DSG International will be bracing themselves for bad news when the company declares its full-year results on Thursday, after its rival, Kesa Electricals, announced a near 50% cut in underlying profits on Wednesday.DSG is expected to announced adjusted pre-tax profits of £43m on sales of £8,342m, which would represent a fall of around 80% on the preceding year. On a bright note, JP Morgan is expecting the group to report a slight improvement in UK like-for-like sales growth in May and June.The group recently exited the Hungarian market but has kept faith with its Czech and Slovakian operations, which continue to perform well within their market, while the Polish business remains under review.Acquisitive legacy software specialist Micro Focus is expected to announce earnings before interest, tax, depreciation and amortisation in the range of $115m to $117m, after a solid fourth quarter performance. Full year revenues should be up by about 20% on the preceding year, reflecting, in part, the contribution of recent acquisitions. Organic revenue growth on a constant currency basis should be in double digits, the compay said back in May.INTERIM DIVIDEND PAYMENT DATEOctopus Eclipse VCT 3, Octopus Eclipse VCT 4, Titon HoldingsINTERNATIONAL ECONOMIC ANNOUNCEMENTSAll Industry Activity Index (JPN) (23:30)Consumer Price Index (JPN) (23:30)Gross Domestic Product (US) (13:30)Personal Consumption (US) (13:30)Industrial New Orders (EU) (08:30)Initial Jobless Claims (US) (13:30)Producer Prices (FRA) (07:45)Industrial New Orders (EU) (10:00)FINALSDSG International, DS Smith, Goldshield Group, James Latham, Micro Focus International PlcTRADING STATEMENTSTelecom PlusEGMSCommercial Group PropertiesAGMSAberdeen New Thai Inv Trust, Blue Planet European Financials Inv Trust, Commercial Group Properties, Hansen Transmissions International, Inch Kenneth Kajang Rubber, JD Sports, JPMorgan Income & Growth Inv Trust Income Shares, Lukoil 'B' GDR (Reg S), Metals Exploration, Nautilus Minerals Inc. (DI), Octopus AIM VCT, Petards, Peter Hambro Mining, Prodesse Investment Ltd., Scottish Mortgage Inv Trust, Tandem Group, UMC Energy, VernalisFINAL DIVIDEND PAYMENT DATEBritish American Inv Trust, Octopus Eclipse VCT 2, Octopus Protected VCT 1