Week ahead: Poundland to update on Spain venture


(MENAFN- ProactiveInvestors)Investors will be keen to hear the latest on Poundland's plans to integrate 99p Stores into its business when the discounter unveils half-year results on Thursday. Poundland recently updated on weaker first-half trading in September against a tough equivalent last year and warned profits would be lower year-on-year. Broker Jefferies said: 'Management is confident however that the 50 new UK store openings in the first half will underpin a better Christmas performance.' But elsewhere its move into Spain could be a game changer with the company about to open its tenth store since it launched in the country 18 months ago. 'We've previously been sceptical on the likely profitability of this venture given the need for local product and supply arrangements' Jefferies said. However having been to its Madrid store the broker reckons there is a gap in the market for the discount store chain and is keen to see its progress. Also on Thursday Royal Mail reports its half year results with a continuation of trends reported in its first quarter trading update expected. Revenue is likely to be broadly flat with growth for both its UK and European GLS parcel businesses offset by ongoing declines for its UK letters business according to Keith Bowman at Hargreaves Lansdown. 'Management's ongoing focus on costs may again be underlined whilst any accompanying outlook comments are likely to further reiterate the importance of Christmas trading' the analyst said. On the economic front Wednesday's Federal Reserve meeting minutes will attract huge interest after the surprising turn of events at the meeting last month when they signalled a potential rate hike in December. Since then there has been a strong October jobs report and Fed Chair Yellen herself referred to a December rate rise as a 'live possibility' for the first time Investec said: 'The coming week should shed a little more light on the prospects for tightening this.'   Significant announcements expected: Monday Final: Diploma (LON:DPLM) Interim: Schroder Real Estate IT (LON:SREI) Majestic Wine (LON:MJW) Telecom Egypt (LON:TEEG) Sherborne Investors (LON:SIAG) Trading statement: Green Reit (LON:GRN) Keller Group (LON:KLR) Taylor Wimpey (LON:TW.) FBD Holdings (LON:FBH) Industrial Multi Property (LON:IMPT) Economic: Eurozone - CPI Tuesday Final: YouGov (LON:YOU) easyJet (LON:EZJ) Enterprise Inns (LON:ETI) Interim: Halma (LON:HL.A) Homeserve (LON:HSV) Intermediate Capital Group (LON:ICP) Big Yellow Group (LON:BYG) Entertainment One Group (LON:ETO) McKay Securities  (LON:MCKS) Nord Gold (LON:NORD) Blinkx (LON:BLNX) British Land Co (LON:BLND) Trading statement: Paddy Power (LON:PAP) Spirax-Sarco Engineering (LON:SPX) Devro (LON:DVO) Coats Group (LON:COA) Economic: UK – PPI retail price index CPI; EU – new car registrations ZEW survey; US – CPI industrial production Wednesday Final: Xeros Technology Group (LON:XSG) Avon Rubber (LON:AVON) Interim: NewRiver Retail Ltd (LON:NRR) Picton Property (LON:PCTN) HICL Infrastructure Co Ltd (LON:HICL) Eckoh (LON:ECK) UK Mail Group (LON:UKM) Trading statement: Moneysupermarket.com Group (LON:MONY) IFG Group (LON:IFP) Hastings Group Holdings (LON:HSTG) Economic: US – crude oil inventories FOMC minutes. Thursday Final: Euromoney Institutional Investor (LON:ERM) Grainger (LON:GRI) Interim: Royal Mail (LON:RMG) New World Resources (LON:NWR) QinetiQ Group (LON:QQ.) Premier Foods (LON:PFD) Poundland Group (LON:PLND) Johnson Matthey (LON:JMAT) Dart Group (LON:DTG) Caledonia Investments (LON:CLDN) Close Brothers Group (LON:CBG) Mothercare (LON:MTC) Frutarom Industries (LON:FRUT) MHP S.A GDR (LON:MHPC) Investec (LON:INVP) Trading statement: Ted Baker (LON:TED) Centrica (LON:CNA) Interserve (LON:IRV) CRH (LON:CRH) Catlin Group Ltd (LON:CGL) Plaza Centers NV (LON:PLAZ) Reading ex-dividend: Nationwide 7.25% Interest Bearing (LON:POB) Prime People (LON:PRP) Prime People (LON:PRP) Redefine International (LON:RDI) MedicX Fund Ltd (LON:MXF) Manchester & London Investment Trust Public Limited Company (LON:MNL) Lloyds Banking Group (LON:LLD6) Lok'n Store Group (LON:LOK) Manchester & London Investment Trust Public Limited Company (LON:MNL) Redefine International (LON:RDI) Raven Russia Ltd CUM RED PREF SHS (LON:RUSP) Utilico Investments Limited (LON:UTL) World Careers Network (LON:WOR) Witan Investment Trust (LON:WTAN) Whitbread (LON:WTB) Tristel (LON:TSTL) Tate & Lyle (LON:TATE) Sanditon Investment Trust (LON:SIT) Scottish Mortgage Investment Trust (LON:SMT) Spire Healthcare Group (LON:SPI) London Finance & Investment Group (LON:LFI) Investec Structured Products Calculus VCT (LON:ISP) Digital Globe Services Ltd (LON:DGS ) Craneware (LON:CRW) Carnival (LON:CCL) Braemar Shipping Services (LON:BMS) Bunzl (LON:BNZL) BlackRock North Amer (LON:BRNA) e2v technologies (LON:E2V) GETECH Group (LON:GTC) Hill & Smith Holdings (LON:HILS) Imperial Tobacco Group (LON:IMT) Genus (LON:GNS) Gleeson Group (LON:GLE) Edinburgh Dragon Trust (LON:EFM) F&C Managed Portfolio Trust (LON:FMPI) Fidelity Special Values (LON:FSV) Balfour Beatty B Shares (LON:BBYB) Economic: UK – retail sales; US – jobless claims Friday Interim: Biofrontera AG (LON:B8F) Alpha Real Trust (LON:ARTL) Trading statement: Spectris (LON:SXS) Economic: UK – public sector finances Eurozone – consumer confidence


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