Week ahead: Hammerson, ARM, AstraZeneca

20th Jul 2012 10:30

Next week looks like a busy week for corporate trading statements and results, as blue chips begin to update the market on their performance at the interim stage, including FTSE 100 peers Hammerson, ARM Holdings and AstraZeneca.Retail-focused real estate investment trust (REIT) Hammerson is expected to release a statement on Monday. Peel Hunt has said that while the UK UPD shopping centre index has fallen 1.6% in the first five months of 2012, Hammerson is expected to outperform - "achieving anything above 0% would be a positive here"."Any small decline could well be offset by French retail and further gains at the Marseille development. Overall, we expect broadly unchanged net asset value and earnings per share," the broker said.On Wednesday, heavyweight chip designer ARM Holdings will update investors with its second-quarter trading. Since mid-April, the stock has stopped around from 600p to below 500p. Jefferies said in a statement earlier this month: "Its perhaps not a dearth of new news in the name that's limiting upside - we think instead the market is concerned on 2Q royalties (weak guide) and order cuts in the channel for some handset makers (mainly RIM, Nokia; some at others like Samsung, Hua, HTC and ZTE) into 3Q12." The broker expects a $205m top-line with royalties accounting for $104m an licensing $76m.Pharmaceuticals group AstraZeneca will release its second-quarter statement on Thursday. Consensus estimates are for $6,800m of sales and earnings per share (EPS) of $1.40 in the three-month period."Further cost cutting should support the near-term dividend, however we see a risk of EPS downgrades as AZN diverts money from share buybacks to pay for assets to refill the sales line," said analysts at Credit Suisse last week.Monday July 23INTERIMSDialight, Domino's Pizza Group, Hammerson, Microgen, XP Power Ltd. (DI)INTERNATIONAL ECONOMIC ANNOUNCEMENTSConsumer Confidence Indicator (EU) (10:00)ANNUAL REPORTTop Creation Investments LtdIMSSVolexAGMSAurum Mining, Bloomsbury Publishing, Eco City Vehicles, Ensor Holdings, MobilityOne Ltd., Noventa Ltd, Pan Pacific Aggregates, Polar Capital Holdings, SerVisionTRADING ANNOUNCEMENTSDragon OilFINAL DIVIDEND PAYMENT DATEAir China Ltd., Metric Property Investments , Wynnstay PropertiesTuesday July 24INTERIMSAPR Energy, Croda International, CSR, International Personal Finance, Man Group, Norsk Hydro ASA, OJSC Magnit GDR (Reg S), Provident FinancialINTERNATIONAL ECONOMIC ANNOUNCEMENTSBBA Mortgage Lending Figures (09:30)House Price Index (US) (15:00)Q2CSR, Norsk Hydro ASA, Virgin Media Inc.FINALSPZ CussonsANNUAL REPORTVertu MotorsIMSSCarpetright, Daily Mail and General Trust A (Non.V), Great Portland Estates, Halma, Sage GroupAGMSAberdeen All Asia Inv Trust, Aqua Bounty Technologies Inc. (Reg S), Downing Planned Exit VCT 3, Downing Planned Exit VCT 3 'A' Shares, Downing Planned Exit VCT 3 'C' Shares, Downing Planned Exit VCT 3 'D' Shares , Downing Planned Exit VCT 3 'E' Shares , Downing Planned Exit VCT 3 F Shares, Fidelity China Special Situations , Halma, Helical Bar, New World Oil And Gas, Scapa Group, Tau Capital, TR Property Inv Trust, TR Property Inv Trust Sigma Shares, Ventus 2 VCT, Ventus 2 VCT 'C' Shares, Ventus VCT, Ventus VCT 'C' Shares, Vertu Motors, Vodafone GroupTRADING ANNOUNCEMENTSAPR Energy, KofaxFINAL DIVIDEND PAYMENT DATEFuller Smith & TurnerWednesday July 25INTERIMSARM Holdings, British American Tobacco, Capita, GlaxoSmithKline, Informa, Lancashire Holdings, Mecom Group, Morgan Crucible Co, Synectics, Tarsus Group, Telekomunikacja Polska S.A GDR (Reg S), Torchmark Corp., Tullow OilINTERIM EX-DIVIDEND DATEArden Partners, Blackrock Income And Growth Investment Trust, Fenner, Throgmorton TrustQUARTERLY PAYMENT DATEAssura Group Ltd., Molex Inc., Molex Inc. 'A' SharesINTERNATIONAL ECONOMIC ANNOUNCEMENTSCrude Oil Inventories (US) (15:30)IFO Business Climate (GER) (09:00)IFO Current Assessment (GER) (09:00)IFO Expectations (GER) (09:00)MBA Mortgage Applications (US) (12:00)New Homes Sales (US) (15:00)Q2ARM Holdings, GlaxoSmithKline, Lancashire Holdings, Lilly (Eli) & Co, Torchmark Corp.FINALSRenishawIMSSBrewin Dolphin Holdings, easyJetAGMSCaledonia Investments, FirstGroup, Great Western Mining Corporation, HICL Infrastructure Company Ltd, Hogg Robinson Group, Johnson Matthey, Oryx International Growth Fund Ltd., red24, Rensburg AIM VCT, Taihua, Totally, Tri-Star Resources , TyraTech Inc. (Reg S), Zoltav Resources IncTRADING ANNOUNCEMENTSPetropavlovskUK ECONOMIC ANNOUNCEMENTSCBI Industrial Trends Surveys (11:00)GDP (Preliminary) (09:30)Index of Services (09:30)FINAL DIVIDEND PAYMENT DATEBraemar Shipping Services, Templeton Emerging Markets Inv TrustFINAL EX-DIVIDEND DATEAtkins (WS), Coral Products, Henderson Private Equity Inv Trust, IBIS Media VCT 1, Investec, London Stock Exchange Group, Puma VCT V, SSE, VolexQ1Yell GroupThursday July 26INTERIMSArbuthnot Banking Group, Arnoldo Mondadori Editore SPA, AstraZeneca, BG Group, Capital Shopping Centres Group, Centrica, Communisis, Hongkong Land Holding Ltd. (Singapore), Hrvatske Telekom D.D GDR (Reg S), Intertek Group, ITV, Lloyds Banking Group, Mandarin Oriental International (Singapore), National Express Group, Nichols, Petroleum Geo Services ASA, Promethean World, Rathbone Brothers, Reed Elsevier, Rolls-Royce Holdings, Royal Dutch Shell 'A', Royal Dutch Shell 'B', Secure Trust Bank, St James's Place, UnileverQUARTERLY PAYMENT DATELand Securities GroupINTERNATIONAL ECONOMIC ANNOUNCEMENTSBloomberg Consumer Confidence (US) (14:45)Continuing Claims (US) (13:30)Durable Goods Orders (US) (13:30)Initial Jobless Claims (US) (13:30)M3 Money Supply (EU) (09:00)Pending Homes Sales (US) (15:00)Q2AstraZeneca, BG Group, Petroleum Geo Services ASA, Royal Dutch Shell 'A', Royal Dutch Shell 'B', UnileverQ4British Sky Broadcasting GroupFINALSBritish Sky Broadcasting GroupANNUAL REPORTStellar ResourcesIMSSCompass Group, Invensys, Investec, QinetiQ Group, Tate & Lyle, Workspace GroupEGMSZhejiang Southeast Electric Power Co Ltd. GDR (Reg S)AGMSCaffyns, Connemara Mining Co, De La Rue, Dee Valley Group, Dee Valley Group (Non-Voting), F&C Global Smaller Companies, Hornby, Mentum Inc., Naibu Global International Company, Octopus Apollo VCT 3, Octopus Eclipse VCT 2, Pennon Group, Personal Assets Trust, Phoenix IT Group, QinetiQ Group, Record, RENN Universal Growth Investment Trust, RIT Capital Partners, SABMiller, Sirius Petroleum, SSE, Stellar Resources, Synergy Health, Tate & Lyle, Volex, Wincanton, Workspace Group, Yell Group, Zanaga Iron Ore Co. Ltd (DI)TRADING ANNOUNCEMENTSSABMillerFINAL DIVIDEND PAYMENT DATECaffyns, DCC, HaiKe Chemical Group Ltd. (DI), Helical Bar, Martin Currie Pacific Trust, MDM Engineering Group Ltd. (DI), Octopus AIM VCT, Octopus Apollo VCT 1, Octopus Apollo VCT 2, PetropavlovskFriday July 27INTERIMSAnglo American, Barclays, Jardine Matheson Holdings Ltd (Singapore), Pearson, Travis PerkinsINTERIM DIVIDEND PAYMENT DATECharacter Group, Dunedin Smaller Companies Inv Trust, Gooch & Housego, Jupiter Green Inv Trust, Octopus Titan VCT 1, Octopus Titan VCT 2, Octopus Titan VCT 3, Paragon Group Of Companies, ZytronicQUARTERLY PAYMENT DATEReal Estate Credit Investments PCC LtdINTERNATIONAL ECONOMIC ANNOUNCEMENTSBalance of Payments (GER) (07:00)GDP (Advance) (US) (13:30)U. of Michigan Confidence (Final) (US) (15:00)Q2Samsung Electronics Co Ltd (ATT) GDR (Reg S)IMSSUnited Utilities GroupSPECIAL DIVIDEND PAYMENT DATESevern TrentEGMSVietnam Infrastructure Ltd.AGMSBellzone Mining, Camco International LTd., Clontarf Energy , Coms, Ormonde Mining, PayPoint, PayPoint, Plastics Capital, Richland Resources Ltd, TalkTalk Telecom Group , United Utilities GroupFINAL DIVIDEND PAYMENT DATEAberdeen All Asia Inv Trust, Acal, Anpario, Aveva Group, Brown (N.) Group, 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 , KCOM Group, Lombard Risk Management, Montanaro European Smaller Companies Trust, Phaunos Timber Fund Ltd., Printing.com, Severn Trent, UK Mail Group , Vertu Motors, Walker Crips Group