The week in brief - 25 Feb
It’s a busy day in the City with British Aerospace announcing its preliminary results – they are likely to reach #675m – alongside Colt Telecom and conglomerate Hanson. Mining concern Rio Tinto is expected to unveil full-year pre-tax profits of #1.1bn, with United Assurance also announcing full-year figures.
Alliance and Leicester will reveal full-year pre-tax profits of #462.5m, according to analysts.
1 March Monday
Fresh from a VAT victory at the House of Lords last week, the house-building Redrow Group will announce its half-year results. Analysts are also expecting full-year results in the region of #243m from Burmah Castrol.
Another hectic day in the Square Mile will see full-year results from Norwich Union and Rentokil Initial. The analysts’ consensus is that earnings at the pest control and cleaning services group are likely to hit #497.85m. Thistle Hotels and RJB Mining will also enter the reporting fray with their full-year figures.
A further cut in interest rates could be on the cards as the March meeting of the Bank of England’s monetary policy committee concludes.
Aero engines giant Rolls Royce is expected to roll out profits of #324m, with insurer Royal & Sun Alliance set to announce full-year profits of #440m, according to City watchers.