Week ahead: Retailers, US banks, Bovis Homes

13th Jan 2012 09:45

Next week is the middle part of January and although many of the Christmas trading updates from High Street operators are out of the way, there are still a few more to come, including Burberry, Carphone Warehouse, JD Wetherspoon, Kesa Electricals and Primark owner Associated British Foods. Keeping to the retail theme, UK retail sales data is out on the Friday, while on Tuesday the Nationwide Consumer Confidence survey is due, along with inflation data. Stateside, the US bank results season gets in to full swing. Heavyweights such as Citigroup, Bank of America Merrill Lynch, and Goldman Sachs will be among the US banks presenting their results. Wells Fargo and Citigroup will do so on Tuesday. EPS readings of $0.72 and $0.56, respectively, are expected. Bank of NY Mellon is expected to report EPS of $0.54 on Wednesday. Analysts are looking for Goldman Sachs to report EPS of $1.73 and US Bancorp to report EPS of $0.63. Morgan Stanley and Bank of America Merrill Lynch will present earnings on Thursday. EPS readings of -$0.58 and $0.21 are expected respectively.Back in Britain, after sector giants Persimmon and Barratt Developments updated the market last week, another titan of the house building sector - Bovis - is set to strut its stuff on Monday.Northland Capital Partners is confident the group will continue the run of upbeat trading comments seen from the UK house builders in the last 10 days. "Its full year 2011 trading comments should echo the positive IMS [interim management statement] it released on 8th November 2011 with a solid seven weeks to the end of December 2011," the broker said.Compared to last year, the fourth quarter of 2011 should have had fewer problems than the final quarter of 2010, when the government's comprehensive spending review was hanging over consumers' heads, and the poor weather in December was deterring site visits. "We look a little light on our unit sales for the full year as new sites continue to bolster sales rates and operating margin. The potential for 2012 is improving as a growing order book boosts the Q112 [first quarter, 2011] starting point compared to Q111," Northland continues.Monday January 16INTERIM DIVIDEND PAYMENT DATECyril Sweett Group, JPMorgan European Smaller Companies Trust , Phoenix IT GroupINTERIM EX-DIVIDEND DATETongaat-Hulett Ltd.INTERNATIONAL ECONOMIC ANNOUNCEMENTSHarmonised Competitiveness Indicators (EU) (09:00)EGMSSquarestone Brasil Ltd., Vimetco GDR NV GDR (Reg S)AGMSFerrex, Superglass HoldingsTRADING ANNOUNCEMENTSBovis Homes GroupFINAL DIVIDEND PAYMENT DATEBarloworld Ltd., Cambria AutomobilesTuesday January 17INTERIMSIG Group HoldingsINTERIM DIVIDEND PAYMENT DATEMDM Engineering Group Ltd. (DI)INTERNATIONAL ECONOMIC ANNOUNCEMENTSConsumer Price Index (EU) (10:00)Harmonised Index of Consumer Prices (EU) (10:00)New Car Registrations (EU) (10:00)Wholesale Price Index (GER) (07:00)ZEW Survey (EU) (10:00)ZEW Survey (GER) (10:00)Q3OSJC Center for Cargo Container Traffic Transcontainer GDR (Reg S)IMSSC&C Group, Experian, Greene KingAGMSEuropean Investment TrustTRADING ANNOUNCEMENTSBurberry Group, RecordUK ECONOMIC ANNOUNCEMENTSConsumer Price Index  (09:30)Retail Price Index (09:30)Wednesday January 18INTERIM DIVIDEND PAYMENT DATEHome Retail Group, Hyder Consulting, National GridINTERIM EX-DIVIDEND DATEACM Shipping Group, Ashtead Group, Consort Medical, Games Workshop Group, QinetiQ GroupQUARTERLY EX-DIVIDEND DATECaterpillar Inc.INTERNATIONAL ECONOMIC ANNOUNCEMENTSCapacity Utilisation (US) (16:15)Crude Oil Inventories (US) (15:30)Industrial Production (US) (16:15)MBA Mortgage Applications (US) (12:00)Producer Price Index (US) (13:30)IMSSCarphone Warehouse Group, Diploma, FindelAGMSCharacter Group, Diploma, Enegi Oil, Lowland Investment Co, Majedie Investments, TracsisTRADING ANNOUNCEMENTSHochschild Mining, JD Wetherspoon, Man Group, Tullow OilUK ECONOMIC ANNOUNCEMENTSClaimant Count Rate (09:30)Unemployment Rate (09:30)FINAL DIVIDEND PAYMENT DATEBellwayFINAL EX-DIVIDEND DATEArtemis VCT, Cardiff Property, CareTech Holding, Imperial Tobacco Group, Income & Growth VCT , RWS HoldingsThursday January 19INTERIMSNCC GroupINTERIM DIVIDEND PAYMENT DATEred24, Tarsus GroupINTERNATIONAL ECONOMIC ANNOUNCEMENTSBalance of Payments (EU) (09:00)Bloomberg Consumer Confidence (US) (14:45)Building Permits (US) (13:30)Consumer Price Index (US) (13:30)Continuing Claims (US) (13:30)Current Account (EU) (09:00)ECB Report (EU) (09:00)Housing Starts (US) (13:30)Initial Jobless Claims (US) (13:30)Philadelphia Fed Index (US) (15:00)GMSDP PolandIMSSAssociated British Foods, Kesa ElectricalsAGMSAberdeen Asset Management, Boomerang Plus, Urals Energy Public Co Ltd. (DI)TRADING ANNOUNCEMENTSASOS, Premier Oil, SABMiller, William HillFriday January 20INTERIM DIVIDEND PAYMENT DATEAcal, British Smaller Companies VCT, Cranswick, London & Associated Properties, MS InternationalQUARTERLY PAYMENT DATEPersonal Assets TrustINTERNATIONAL ECONOMIC ANNOUNCEMENTSExisting Home Sales (US) (15:00)Producer Price Index (GER) (07:00)GMSNighthawk EnergyEGMSAir China Ltd.AGMSAdvanced Power Components, LED International Holdings Ltd (DI)TRADING ANNOUNCEMENTSClose Brothers Group, Kentz Corporation Ltd., X5 Retail Group NV GDR (Reg S)UK ECONOMIC ANNOUNCEMENTSInternet Retail Sales (09:30)Retail Sales (09:30)Trends in Lending (09:30)FINAL DIVIDEND PAYMENT DATECarr's Milling Industries, Starvest