Week Ahead: AG Barr, Aberdeen Asset, TUI

21st Sep 2012 08:09

Results from Irn-Bru maker AG Barr are due out on Monday, raising hopes that there may soon be an announcement regarding the Scottish firm's plans to take over its larger Chelmsford-based rival, Britvic. Panmure Gordon reckons the firm's interim results are likely to be overshadowed by the merger talks. It is predicting the company will achieve top line growth of around 5% to £129.7m, but rising input costs, on-going brand investment and a deterioration in product mix is likely to result in a 6% decline in adjusted profit before tax to £15.6m, Panmure Gordon reckons, although a lower tax rate should results in adjusted earnings per share dipping just 1% or thereabouts. "In the absence of further news regarding the possible merger with Britvic we expect the results to be a muted affair," the broker said. The deadline for a firm offer being made is 5pm on October 3rd.On the same day, Aberdeen Asset Management reports, and Peel Hunt is expecting "more of the same" from the fund manager. "We expect a consistent trend in that higher margin equity inflows will more than compensate for outflows in fixed income," the broker said.Thursday, as usual, is the busiest day of the week with heavyweights Compass, Tate & Lyle and TUI all set to update the market.Regarding the latter, the consensus estimate for full-year earnings before interest and tax (EBIT) is £480m and TUI's management is confident of achieving this despite foressing a large negative foreign exchange impact. Broker Jefferies thinks that a weaker euro could hit fourth-quarter EBIT by up to £40m, implying underlying upgrades of 8%.Monday September 24INTERIMSBarr (A.G.), China Food Co, DDD Group, EKF Diagnostics Holdings , Lighthouse Group, Mam Funds, Manganese Bronze Holdings, Michelmersh Brick Holdings, RGI International Ltd., Vphase, WandiscoINTERIM DIVIDEND PAYMENT DATEAfrican Barrick Gold , Fidessa Group, GKN, Henderson Opportunities TrustQUARTERLY EX-DIVIDEND DATETotal SAINTERNATIONAL ECONOMIC ANNOUNCEMENTSIFO Business Climate (GER) (09:00)IFO Current Assessment (GER) (09:00)IFO Expectations (GER) (09:00)FINALSFinsbury Food Group, Petra Diamonds Ltd.(DI)AGMSAngel Mining , iEnergizer Ltd., Marechale Capital , Max Petroleum, SnackTimeTRADING ANNOUNCEMENTSAberdeen Asset Management, Dairy Crest Group, QinetiQ GroupTuesday September 25INTERIMSAugean, Bond International Software, InternetQ, Judges Scientific, KBC Advanced Technologies, Photonstar LED Group, Silence Therapeutics, TotallyINTERIM DIVIDEND PAYMENT DATETaylor WimpeyQUARTERLY PAYMENT DATEBPINTERNATIONAL ECONOMIC ANNOUNCEMENTSConsumer Confidence (US) (15:00)House Price Index (US) (15:00)FINALSAlbemarle & Bond Holdings, Close Brothers Group, CVS Group, Hargreaves Services, Netcall, RegenersisEGMSEastern European Property Fund Ltd.AGMSBraveheart Investment Group, Daisy Group, Downing Structured Opportunities VCT 1, Downing Structured Opportunities VCT 1 'B' Shares, Downing Structured Opportunities VCT 1 'D' Shares, Fulcrum Utility Services Ltd. (DI), Private Equity Investor, Terra Catalyst Fund (DI), Zoo Digital GroupTRADING ANNOUNCEMENTSDaily Mail and General Trust A (Non.V)UK ECONOMIC ANNOUNCEMENTSBBA Mortgage Lending Figures (09:30)FINAL DIVIDEND PAYMENT DATEBloomsbury PublishingQ1Immofinanz AGWednesday September 26INTERIMSPanmure Gordon & Co, S & U, Snoozebox Holdings, Trap Oil GroupINTERIM DIVIDEND PAYMENT DATEBritish American Tobacco, Lancashire HoldingsINTERIM EX-DIVIDEND DATEBovis Homes Group, Braime (T.F.& J.H.) Holdings, Braime (T.F.& J.H.) Holdings (Non-Voting), BrainJuicer Group, Brightside Group, British Smaller Companies VCT 2, Centrica, Christie Group, Derwent London, Dignity, Drax Group, Filtrona PLC, Good Energy Group, H.R. Owen, Invesco Perpetual UK Small Companies Inv Trust, IS Solutions, Kentz Corporation Ltd., M. P. Evans Group, Morgan Sindall Group, Morrison (Wm) Supermarkets, Netplay TV, Networkers International, North American Income Trust (The), Primary Health Properties, Quarto Group Inc., Real Estate Investors, Rotala, RSA Insurance Group, Smurfit Kappa Group, Vitec Group, Wynnstay GroupQUARTERLY EX-DIVIDEND DATEAfrica Opportunity Fund Ltd., Dow Chemical Co, Yamana Gold Inc.INTERNATIONAL ECONOMIC ANNOUNCEMENTSCrude Oil Inventories (US) (15:30)MBA Mortgage Applications (US) (12:00)New Homes Sales (US) (15:00)SPECIAL EX-DIVIDEND PAYMENT DATEHighland Gold Mining Ltd.AGMSAbsolute Return Trust Ltd. GBP Shares, Intercede Group, Micro Focus International, Namibian Resources, Sirius Minerals, Sofia Property Fund Ltd., Sweett Group, WYGTRADING ANNOUNCEMENTSICAP, Topps TilesUK ECONOMIC ANNOUNCEMENTSCBI Distributive Trades Surveys (11:00)FINAL EX-DIVIDEND DATEAnite, Development Securities, Hansard Global, Oxford Instruments, Photo-Me InternationalThursday September 27INTERIMSCircle Holdings , Dolphin Capital Investors Ltd, Fairpoint Group, OSJC Center for Cargo Container Traffic Transcontainer GDR (Reg S), SimiGon Ltd. (DI)INTERIM DIVIDEND PAYMENT DATELow & Bonar, Pennant International Group, Prudential, Reckitt Benckiser Group, Schroders, Schroders (Non-Voting)QUARTERLY PAYMENT DATETotal SAINTERNATIONAL ECONOMIC ANNOUNCEMENTSBloomberg Consumer Confidence (US) (14:45)Business Climate Indicator (EU) (10:00)Continuing Claims (US) (13:30)Durable Goods Orders (US) (13:30)Economic Sentiment Indicator (EU) (10:00)GDP (Final) (US) (13:30)Initial Jobless Claims (US) (13:30)M3 Money Supply (EU) (09:00)Pending Homes Sales (US) (15:00)PMI Retail (EU) (09:00)PMI Retail (GER) (08:55)Unemployment Rate (GER) (08:55)FINALSHansard GlobalAGMSMiton Worldwide Growth Inv Trust, Park Group, Toledo Mining Corp.TRADING ANNOUNCEMENTSCompass Group, Tate & Lyle, TUI TravelUK ECONOMIC ANNOUNCEMENTSBalance of Payments (09:30)Current Account (09:30)GDP (quarterly national accounts) (09:30)GFK Consumer Confidence (00:01)Index of Services (09:30)FINAL DIVIDEND PAYMENT DATEFletcher KingFriday September 28INTERIMSGoals Soccer Centres, Harvey Nash GroupINTERIM DIVIDEND PAYMENT DATEAcencia Debt Strategies Ltd., Belvoir Lettings, Clarkson, Concurrent Technologies, Downing Income VCT 3 E Shs, InterContinental Hotels Group, Jupiter European Opportunities Trust, London Capital Group Holdings, Maven Income & Growth 4 VCT, Maven Income & Growth 4 VCT 'S' Shares, North Midland Construction, Paddy Power, Rotork, Tamar European Industrial Fund Ltd., Temple Bar Inv Trust, Wood Group (John)QUARTERLY PAYMENT DATEDuet Real Estate Finance Ltd, MedicX Fund Ltd., Premier Energy & Water TrustINTERNATIONAL ECONOMIC ANNOUNCEMENTSBalance of Payments (GER) (07:00)Chicago PMI (US) (13:45)GFK Consumer Confidence (GER) (07:00)International Reserves (EU) (11:00)Personal Consumption Expenditures (US) (13:30)Personal Income (US) (13:30)Personal Spending (US) (13:30)U. of Michigan Confidence (Final) (US) (15:00)ANNUAL REPORTAfrican Consolidated ResourcesSPECIAL DIVIDEND PAYMENT DATEDunedin Enterprise Investment Trust, Hargreaves LansdownAGMS600 Group, African Consolidated Resources, Blavod Wines & Spirits, Catalyst Media Group, Downing Income VCT 3 D Shs, Eros International, Eurasia Drilling Co Ltd GDR (Reg S), Himachal GDR (144a), HML Holdings, Impact Holdings, Infrastructure India, IPSA Group, MediaZest, Minera IRL Ltd., Sky HighTRADING ANNOUNCEMENTSHyder ConsultingUK ECONOMIC ANNOUNCEMENTSConsumer Confidence (09:30)FINAL DIVIDEND PAYMENT DATEAvarae Global Coins, BHP Billiton, Cash Converters International Ltd, Downing Absolute Income VCT 2, Downing Distribution VCT 1, Downing Income VCT 3, Downing Structured Opportunities VCT 1, Downing Structured Opportunities VCT 1 'B' Shares, Downing Structured Opportunities VCT 1 'D' Shares, Hargreaves Lansdown, Immunodiagnostic Systems Holdings, NCC Group