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Halma to exceed City hopes

Having risen more than 170% in just over two years, Halma will be hoping it can maintain its ascent following the release of its preliminary results. Credit Suisse is certainly positive, bullishly predicting the technology group's profit-before-tax will come in just under £107m, ahead of market expectations.

Given its recent performance, the broker concedes that earnings consensus for the current financial year must increase by more than 5% "to at least consolidate recent share price momentum".


Attention will turn towards Imagination Technologies, with the chip designer revealing its final results.

Peel Hunt's Alex Jarvis expects the group's license fees to have risen 15% to £26.3m. The analyst sees "a chance of a moderate forecast beat" and says further positive sentiment could emerge if Imagination gives a target date earlier than 2014 for 500m units.

Matrix's analysts note recent developments from rivals NVIDIA and Arm Holdings as supporting their belief that Imagination will face increasing pressure and they estimate its market share in tablet devices will fall from its current 80% to as low as 30% by 2015.


Micro Focus announces its preliminary results on Thursday, with the software group releasing its first update since the departure of chief executive Nigel Clifford and its announcement last month that it has received a number of approaches. Pointing out that "in the past Micro Focus has blamed poor execution", Espirito Santo says Mr Clifford's departure suggests recent profit warnings could be underpinned by other issues.

It adds that an "update from management on the steps taken to effect a turnaround will be key to determine whether a private equity bid can materialise". However, the broker's analysts do not expect a surprise, forecasting revenues of $434m (£268m).

Also updating the market on Thursday is Dixons, but the electronics retailer is unlikely to provide many shocks