Belfast Telegraph

Michael Page and Imperial Tobacco have potential

Week ahead by Laura Chesters


Who  is hiring and who is firing? Recruitment specialist Michael Page needs to know, and its investors expect to hear how the group has managed declining fees. It has been making cuts from it own staff to keep costs down. Analysts at Numis think the group may have turned a corner. Results/Updates: Caledonia Mining, EnQuest; Mears, Michael Page, Resolution, Synthomer, 1Spatial,Tribal.


Balfour Beatty is likely to continue to sell off various projects and businesses. On Friday, it sold facilities management business WorkPlace for £190m in order to pay down some of its debt. It said it will eventually use some cash to invest in new businesses, but analysts at Investec think the half-year results will still produce a £50m profit shortfall in UK construction. Results/Updates: Amara Mining, Balfour Beatty, Capital & Regional, Centamin Egypt, CLS, Eurasian Natural Resources, Interserve, Lookers, Rentokil Initial, Subsea 7.


Will investors take a drag on Imperial Tobacco? Investec thinks they should pile in to Imps, over rival British American Tobacco. It doesn't expect third-quarter results to be good but predicts that "potential catalysts" will make it more attractive. Results/Updates: AZ Electronic Materials, Cineworld, Derwent London, Gem Diamonds, Imperial Tobacco, Rank, Ophir Energy, PV Crystalox Solar, SIG.


Analysts say India is focusing on improving its energy market to encourage investment and reduce shortages that have plagued parts of the country. Scribblers at Citi reckons Essar Energy will be a key beneficiary of this. Results/Updates: Essar Energy.

Belfast Telegraph