Companies reporting this week

By THIS IS MONEY
Updated:

 

SMALLER firms in sectors ranging from car sales to electrical services will share the spotlight with a handful of major players during a quiet week for corporate news.

Car dealership Lookers will underline the importance of the after-sales market to its business on Monday when it unveils results for the half year.

The group, which has around 90 outlets, generates a large slice of its profits from higher margin parts and accessories and recently improved that position with the £31m purchase of FPS Distribution, an operation with 19 centres.

Analysts expect half-year profits to improve to around £10m from £9.2m a year ago.

Also on Monday, recruitment group Michael Page is expected to post interim pre-tax profits of £16.7m against £11.1m last time.

The company is tipped to report strong growth in revenues against a relatively fixed cost base in the first half.

It has reported second quarter gross profits of £52.3m, up 16% year-on-year, in line with one analyst's forecast of £51.9m.

International mining group BHP Billiton is expected to turn in a 60% rise in group net income to $3.15bn (£1.7bn) when it reports full-year results on Wednesday.

Its copper, stainless steel and petroleum businesses are tipped to show strong performances following recent strength in commodity prices. However, the aluminium and diamond businesses are likely to show more modest gains.

IQE, a maker of materials for the semiconductor industry, operates in a highly cyclical sector so guidance on a possible recovery in its markets will be the main focus for investors with its half-year results on Wednesday.

Signs of a pick up in orders will be crucial for the Cardiff-based company, which said in March that annual sales had fallen 18% to £18.7m because of exchange rate movements and price pressures. Despite the fall, IQE's operating losses narrowed by 43% to £12.6m because of cost controls and lower raw material prices.

Evolution Beeson Gregory recently pencilling in an improvement in both sales and profits at the full-year stage. There are no forecasts for the half-year.

Avertising giant WPP, one of the world's largest communications groups, is tipped to turn in pre-tax profits of £225.6m against £197.1m last time, when it posts interim results on Friday.

An update in June reported like-for-like revenue growth of almost 4% in the first five months of the year, meaning growth had not accelerated in April and May, and nothing much is likely to have changed in June, stockbroker Gerrard said.

WPP said at the time that its main European markets were not recovering that quickly and there was little evidence of the market gathering momentum.

Signs of an upturn in London and the South East will be the key to Friday's half-year results announcement from electrical engineer T Clarke.

The group warned in March that it faced a battle to improve annual results as the commercial market in London continued to be 'patchy'.

Recent acquisitions of smaller electrical businesses around the UK are likely to have bolstered the group, which analysts expect to report unchanged sales of £143m for the full year and slightly weaker profits of £8.4m. Half-year forecasts for the group, which employs some 750 staff, are not available.

Most watched Money videos