Week ahead: GlaxoSmithKline, Capita, Ryanair

16th Jul 2010 13:05

In GlaxoSmithKline's second quarter results on Wednesday, Charles Stanley is looking for revenues of £6.99bn and a pre-tax profit of £2m.'Expect these results to show continued growth in emerging market activities and a continued positive contribution over the quarter from H1N1 pandemic 'flu preparations estimated at £125m,' says the broker.Charles Stanley expects outsourcing giant Capita's interim results on Thursday to show only modest organic turnover growth due to a slowdown in activity in the second half of 2009. It is looking for pre-tax profits of £155m.Capita may also give an update on its impression of the new government's deficit-slashing plans.'For Capita, there will be new outsourcing opportunities though some existing projects may come under some pressure to improve purchasing,' says Charles Stanley.Ryanair has been in the headlines for the wrong reasons this week with chief executive Michael O'Leary forced to 'unreservedly apologise' and pay libel damages to Sir Stelios Haji-Ioannou, the founder of rival EasyJet. The focus will shift to the Irish airline's first quarter results on Tuesday.Volcanic ash disruption is forecast to have cost the company €50m, but Nomura expects Ryanair to reiterate guidance of 10% to 15% profit growth. The broker is predicting revenues of €862m and EBIT of €135m.Panmure Gordon expects the positive theme in the pub company reporting season so far to continue when Enterprise Inns updates the market, helped by the weather and the World Cup. 'At its interim results Enterprise reported that average net income per pub across the whole estate was down 3% compared to the same period last year. We expect the group to report a similar level of net income per pub decline after 39 weeks,' Panmure says.Monday July 19INTERIMSAccess Intelligence, NeutraHealth, SThree, TEO LT GDR (Reg S)INTERNATIONAL ECONOMIC ANNOUNCEMENTSCurrent Account (EU) (09:00)Q2Electrolux ABGMSD1 OilsFINALSIG Group Holdings, MBL Group, Scientific Digital ImagingEGMSGoldenportAGMSEnsor Holdings, Jetion Solar HoldingsUK ECONOMIC ANNOUNCEMENTSConsumer Price Index (09:30)Retail Price Index (09:30)FINAL DIVIDEND PAYMENT DATESinosoft TechnologyTuesday July 20INTERIMSLandkom International, RyanairINTERNATIONAL ECONOMIC ANNOUNCEMENTSABC Consumer Confidence (US) (22:00)Building Permits (US) (13:30)Housing Starts (US) (13:30)Producer Price Index(GER) (07:00)RBA Interest Rate Minutes (AUS) (00:00)FINALSFindelIMSSEnterprise Inns, Severn TrentEGMSWest China CementAGMS@UK, Aqua Bounty Technologies (Reg S), Dairy Crest Group, Infoserve Group, Securities Trust of Scotland, Severn Trent, Speedy HireTRADING ANNOUNCEMENTSWilliam HillUK ECONOMIC ANNOUNCEMENTSM4 Money Supply (estimate) (09:30)M4 Sterling Lending (estimate) (09:30)Producer Price Index (09:30)Public Sector Finances (09:30)FINAL DIVIDEND PAYMENT DATEMan Group, Melrose Resources, Nature GroupWednesday July 21INTERIMSGaliform, GlaxoSmithKlineINTERIM EX-DIVIDEND DATEDomino's Pizza UK & IRL, Heavitree, Imperial Tobacco Group, Sanderson GroupQUARTERLY EX-DIVIDEND DATEMerchants TrustINTERNATIONAL ECONOMIC ANNOUNCEMENTSCrude Oil Inventories (US) (15:30)MBA Mortgage Applications (US) (12:00)Q2GlaxoSmithKlineGMSIntelligent EnvironmentsFINALSCSF Group, Eredene Capital, West Pioneer Properties (DI), ZetarIMSSCable & Wireless Communications, Land Securities Group, OptosEGMSBulgarian Land DevelopmentAGMSAkers Biosciences, Inc (Reg S), Alterian, API Group, B.P. Marsh & Partners, Blacks Leisure Group, Cable & Wireless Communications, Cable & Wireless Worldwide, Caledonia Investments, Experian Group, F&C Global Smaller Companies, Helical Bar, IQE, Johnson Matthey, MobilityOne, NewRiver Retail Ltd. (Reg S), Prosperity Russia Domestic Fund Ltd., RAB Special Situations Company Ltd., Rensburg AIM VCT, Sepura, UBC Media Group, WincantonUK ECONOMIC ANNOUNCEMENTSBoE Interest Rate Minutes (09:30)FINAL DIVIDEND PAYMENT DATEFramlington AIM VCT 2, Hasgrove, Home Retail Group, Printing.comFINAL EX-DIVIDEND DATECastings, Cropper (James), Halma, ICAP, Kewill, London Stock Exchange Group, MDM Engineering Group, Mulberry Group, ProVen VCTQ1OptosThursday July 22INTERIMSCapita Group, Holders Technology, International Personal Finance, Lilly(Eli), Microgen, UniqINTERIM DIVIDEND PAYMENT DATEEdinburgh Worldwide Inv TrustINTERNATIONAL ECONOMIC ANNOUNCEMENTSConsumer Confidence Indicator (EU) (10:00)Continuing Claims (US) (13:30)Existing Home Sales (US) (15:00)Industrial New Orders (EU) (10:00)Initial Jobless Claims (US) (13:30)Leading Indicators (US) (15:00)Q2Lilly(Eli)GMSThor MiningFINALSSiteserv, Sports Direct InternationalANNUAL REPORTImagination TechnologiesIMSSDe La Rue, Great Portland Estates, Imperial Tobacco Group, Mitchells & Butlers, PetropavlovskEGMSNorthbridge Industrial ServicesAGMSAbbeycrest, ACP Capital, ACP Mezzanine Ltd., BT Group, Clarity Commerce Solutions, CML Microsystems, Coastal Energy Company (DI), De La Rue, Dee Valley Group, GB Group, Land Securities Group, Mavinwood, Mckay Secs., Personal Assets Trust, SABMiller, Scottish & Southern Energy, Shanks Group, SSL International, Tate & Lyle, Tinci Holdings, Vertu Motors, Zhaikmunai GDR (Reg S)TRADING ANNOUNCEMENTSKingfisher, SABMillerUK ECONOMIC ANNOUNCEMENTSRetail Sales (09:30)FINAL DIVIDEND PAYMENT DATEBrulines, DCC, Hamworthy, Wynnstay PropertiesFriday July 23INTERIMSBeazley GroupINTERIM DIVIDEND PAYMENT DATEATH Resources, Dunedin Smaller Companies Inv Trust, Octopus Titan VCT 1, Octopus Titan VCT 2QUARTERLY PAYMENT DATEHenderson Financial Opportunities Limited, Queen's Walk Investment Ltd., Stobart Group Ltd. Income SharesINTERNATIONAL ECONOMIC ANNOUNCEMENTSIFO Business Climate (GER) (09:00)IFO Current Assessment (GER) (09:00)IFO Expectations (GER) (09:00)GMSeXpansysFINALSEbiquityIMSSBritvic, United Utilities Group, Vodafone GroupSPECIAL DIVIDEND PAYMENT DATERotorkEGMSOte ADSAGMSCapital Management & Investment, Edinburgh Inv Trust, Helesi, Meikles Ld, Messaging International, Origo Partners , RIT Capital Partners, Tanjong, Templeton Emerging Markets Inv Trust, United Utilities GroupTRADING ANNOUNCEMENTSClose Brothers GroupUK ECONOMIC ANNOUNCEMENTSBBA Mortgage Lending Figures (09:30)GDP (Preliminary) (09:30)Index of Services (09:30)FINAL DIVIDEND PAYMENT DATEElectrocomponents, Experian Group, Helical Bar, Maven Income and Growth VCT , SVM UK Active Fund, Tex Holdings, UK Mail Group , Walker Crips Group