Tuesday Preview: IG Group, Land Securities

18th Jul 2011 15:07

Investors will be keen to see if spread-better IG Group's prediction that full year profits up by 3% from the previous year comes true.However, predictions for the future could be more interesting. Collins Stewart thinks the company will reduce its forecasts for the next two financial years due to cost pressures.Land Securities, the property company whose portfolio includes the famous Piccadilly Lights in London predicted continued growth amid ongoing economic recovery as it reported its full-year results in May. Investors will be hoping its interim management statement is similarly optimistic.Broker Peel Hunt thinks that the results, which included rising net asset value and profits, contained few "drag" factors, boding well for the future.INTERNATIONAL ECONOMIC ANNOUNCEMENTS ZEW Survey (EU) (10:00) ZEW Survey (GER) (10:00) Construction Output (10:00) Building Permits (US) (13:30) Housing Starts (US) (13:30) FINALS IG Group Holdings, Scientific Digital Imaging IMSS Land Securities Group, Optos AGMS Aqua Bounty Technologies Inc. (Reg S), Downing Planned Exit VCT 6, Downing Planned Exit VCT 6 'A' Shares, Downing Planned Exit VCT 7, Downing Planned Exit VCT 7 'A' Shares, FFastFill, Intermediate Capital Group, Johnson Matthey, JPMorgan European Inv Trust Growth Shares, Perpetual Income & Growth Inv Trust, PME African Infrastructure Opportunities, Securities Trust of Scotland FINAL DIVIDEND PAYMENT DATE Albany Inv Trust, Man Group Q1 Ashok Leyland Ltd. GDR (Reg S)