Tuesday preview: Compass, Daily Mail, Close Brothers

28th Sep 2009 14:54

Investors will be looking for signs of life in the advertising market, which contributes around 30% of group revenues, in the trading statement from newspaper publisher Daily Mail and General Trust (DMGT) on Tuesday.Comparative figures for a year ago are soft so the company should be able to report a deceleration in the rate of decline in advertising revenue. Catering group Compass also issues a trading statement on Tuesday which shareholders hope will quell concerns about declining organic growth. In the first nine months of the year, revenue growth on a constant currency basis was 1.8%, and organic revenue growth was 0.8%. 'Looking forward to the full year, revenue growth on a constant currency basis is expected to be around 1% and organic revenue growth is expected to be broadly flat,' the group said in a statement issued back in July.Not surprisingly, the recession has seen a cutback in catering at events and business junkets, but the education and healthcare businesses are holding up reasonably well.Market consensus is for full year pre-tax profits of £98.14m on revenue of £503.41m for merchant banker Close Brothers, though broker Numis reckons Tuesday's results could surprise to the upside if the banking impairment rate is lower than the 2.9% forecast. INTERIMSDolphin Capital Investors, Hasgrove, Jetion Solar Holdings, Judges Scientific, Moss Bros, Oxford Catalysts, Petra Diamonds, PowerFilm (Reg S), Public Service Properties Investments, RGI International, Shed Media, Straight, Surgical Innovations, TreveriaINTERIM DIVIDEND PAYMENT DATEBritish American Tobacco, SchrodersFINALSAllied Gold, Close BrothersAGMSEcofin Water & Power Opportunities, Entertainment One (DI), GTL Resources, Mid Wynd International Inv Trust, Minco, Niche Group (The), Proventec, Sovereign Oilfield, Surface Transforms, The Clapham House Group, The Indian Film CompanyTRADING ANNOUNCEMENTCompass Group, Daily Mail & General Trust UK ECONOMIC ANNOUNCEMENTSGross Domestic Product (09:30)Current Account (09:30)Net Consumer Credit (09:30)Net Lending Secured on Dwellings (09:30)Mortgage Approvals (09:30)CBI Distributive Trades Survey (11:00)GfK Consumer Confidence (00:01)INTERNATIONAL ECONOMIC ANNOUNCEMENTSConsumer Confidence (USA) (15:00)Business Climate Indicator (EC) (10:00)Consumer Confidence Indicator (EC) (10:00)Economic Confidence Indicator (EC) (10:00)Industrial Confidence Indicator (EC) (10:00)Service Sector Indicator (EC) (10:00)Industrial Production (JPN)