Week Ahead: Danger of Barclays revising targets

28th Oct 2011 13:07

Barclays gets the week off to a flying start with a trading statement which, as usual, is likely to be dominated by Barclays Capital (BarCap), the investment banking arm of the organisation.Credit Suisse expects BarCap to announce "clean" revenues of £1.9bn for the third quarter, down 31% from the £3.3bn seen in the preceding quarter. "Note this does not include gains from own debt and/or impact from credit market assets," Credit Suisse observes. As for the operations as a whole, Credit Suisse says the environment has deteriorated since Barclays held its Investor Seminar in June, when it set out several targets, so the company may take the opportunity to revise these. "We will also be looking for progress on Basel III mitigation efforts. With the increase in market volatility, we could see market RWAs [risk weighted assets] increasing and offsetting some of the deleveraging," Credit Suisse added.Monday October 31INTERIMSBerkeley Group Holdings INTERIM DIVIDEND PAYMENT DATEWynnstay GroupQUARTERLY PAYMENT DATEJP Morgan Chase & CoINTERNATIONAL ECONOMIC ANNOUNCEMENTSConstruction Orders (JPN)Housing Starts (JPN)Retail Sales (GER) Producer Prices (FRA) (07:45)Consumer Price Index (EU) (10:00)Unemployment Rate (EU) (10:00)International Reserves (EU) (11:00)Chicago PMI (US) (13:45)NAPM Milwaukee (US) (14.00)Dallas Fed Manufacturing Activity (US) (14.30)Q3Anglo Pacific Group, Centamin Egypt Ltd., Etalon Group Ltd GDR (Reg S)GMSJust Car Clinics GroupFINALSPure Wafer, Trading EmissionsIMSSBarclays, Capital Shopping Centres Group, F&C Inv Trust, Forth Ports, Gresham Computing, MondiSPECIAL DIVIDEND PAYMENT DATELudgate Environmental Fund Ltd.EGMSHals-Development JSC GDR (Reg S)AGMSIndia Hospitality Corp. (DI), Indus Gas Ltd., Psource Structured Debt Ltd.UK ECONOMIC ANNOUNCEMENTSHometrack Housing Survey Consumer Credit (09:30)Net Lending On Secured Dwellings (09:30)M4 Money Supply (09:30)M4 Sterling Lending (09:30)Mortgage Approvals (09:30)FINAL DIVIDEND PAYMENT DATEAbbey, Alumasc GroupTuesday November 01INTERIM DIVIDEND PAYMENT DATEKeller Group, Smith & NephewQUARTERLY PAYMENT DATEMercantile Inv Trust, Torchmark Corp.INTERNATIONAL ECONOMIC ANNOUNCEMENTSAuto Sales (US) (14:00)Construction Spending (US) (14:00)ISM Manufacturing (US) (14:00)Q3888 Holdings, Wolfson MicroelectronicsFINALSImperial Tobacco GroupIMSSNational Express Group, Rathbone BrothersAGMSJupiter Primadona Growth Trust, Pan African Resources, Prime Focus LondonTRADING ANNOUNCEMENTSStagecoach GroupUK ECONOMIC ANNOUNCEMENTSNationwide House Prices (07:00)GDP (Preliminary) (09:30)Index of Services (09:30)PMI Manufacturing (09:30)FINAL DIVIDEND PAYMENT DATENWF GroupWednesday November 02INTERIMSVolexINTERIM DIVIDEND PAYMENT DATEArbuthnot Banking Group, Mears Group, StatPro GroupINTERIM EX-DIVIDEND DATEBloomsbury Publishing, China Food Co, Collins Stewart Hawkpoint, Downing Planned Exit VCT 2 'C' Shares, Downing Planned Exit VCT 2 'D' Shares , Downing Planned Exit VCT 3 'C' Shares, Downing Planned Exit VCT 3 'D' Shares , Elderstreet VCT, Hilton Food Group, Intertek Group, ITV, Laird, Lookers, M&C Saatchi, Persimmon, Provident Financial, SThreeQUARTERLY EX-DIVIDEND DATEBP, GlaxoSmithKline, JPMorgan Claverhouse Inv Trust, Royal Dutch Shell 'A', Royal Dutch Shell 'B'INTERNATIONAL ECONOMIC ANNOUNCEMENTSPMI Manufacturing (FRA) (08:50)PMI Manufacturing (GER) (08:55)Unemployment Rate (GER) (08:55)PMI Manufacturing (EU) (09:00)MBA Mortgage Applications (US) (12:00)ADP Employment Change (US) (12:15)Crude Oil Inventories (US) (15:30)FOMC Rate Decision (US) (16:30)Q3Inmarsat, Marsh & Mclennan Cos Inc., Randgold Resources Ltd., Yamana Gold Inc.GMSCobra Holdings, Fuse 8, G4SIMSSGem Diamonds Ltd. (DI), Henderson Group, Logica, Next, St James's Place, Standard LifeSPECIAL DIVIDEND PAYMENT DATEAegis GroupSPECIAL EX-DIVIDEND PAYMENT DATESThreeAGMSActive Capital Trust, Frontier IP Group, Petro Matad Ltd., Schroder Japan Growth FundUK ECONOMIC ANNOUNCEMENTSHalifax House PricesPMI Construction (09:30)FINAL EX-DIVIDEND DATEAbcam, Ashmore Group, El Oro Ltd, Go-Ahead Group, James Halstead, JPMorgan Overseas Inv Trust, London Finance & Investment Group, Matchtech Group, Tawa, United Carpets GroupThursday November 03INTERIMSAshok Leyland Ltd. GDR (Reg S), ASOS, Cable & Wireless Communications, Invensys, Man Group, Shanks Group, Tate & LyleINTERIM DIVIDEND PAYMENT DATECamellia, Fisher (James) & Sons, TT Electronics, Tullow OilINTERNATIONAL ECONOMIC ANNOUNCEMENTSECB Interest Rate (EU) (12:45)Initial Jobless Claims (US) (13:30)Productivity (US) (13:30)Continuing Claims (US) (13:30)Bloomberg Consumer Confidence (US) (14:45)Factory Orders (US) (14:00)ISM Non-Manufacturing (US) (14:00)Q2Ashok Leyland Ltd. GDR (Reg S)Q3UnileverGMSRaven Russia Ltd.FINALSBowLeven, Noble Investments (UK)IMSSAer Lingus Group, Aviva, Hardy Oil & Gas, Old Mutual, RPS Group, RSA Insurance Group, Spirent Communications, WSP GroupEGMSAlpha Tiger Property Trust Ltd., OSJC Transcontainer GDR (Reg S)AGMsIndigoVision Group, JPMorgan Mid Cap Inv Trust, Kofax, Macau Property Opportunities Fund Ltd., Mytrah Energy Ltd, Pochin's, Redrow, Swallowfield, TEP Exchange GroupUK ECONOMIC ANNOUNCEMENTSOfficial Reserves (09:30)PMI Services (09:30)FINAL DIVIDEND PAYMENT DATEMurgitroyd GroupQ1KofaxFriday November 04INTERIM DIVIDEND PAYMENT DATEAdvanced Medical Solutions Group, BBA Aviation, Bodycote, Brammer, Derwent London, Dillistone Group, Fiberweb, Goals Soccer Centres, GVC Holdings, Hydrogen Group, Judges Scientific, M. P. Evans Group, Motivcom, Nationwide Accident Repair Services, Northbridge Industrial Services, SIG, UK Select Trust Ltd., Weir GroupQUARTERLY PAYMENT DATEInvestors Capital Trust 'A' SharesINTERNATIONAL ECONOMIC ANNOUNCEMENTSPMI Services (GER) (07:55)PMI Services (FRA) (08:50)PMI Composite (EU) (09:00)PMI Services (EU) (09:00)Producer Price Index (EU) (09:00)Unemployment Rate (US) (13:30)Change in Non-farm Payrolls (US) (12:30)Q3Lancashire Holdings, Millennium & Copthorne Hotels, Polski Koncern Naftowy Orlen SA GDR (Reg S), Smith & NephewGMSGroup NBTANNUAL REPORTVictoria Oil & GasIMSSMeggittEGMSAer Lingus GroupAGMSDechra PharmaceuticalsFINAL DIVIDEND PAYMENT DATEEckoh, Qatar Investment Fund, Zetar--jh