Barclays and grocers under the spotlight
Today’s trading statement from Barclays comes two days ahead of a strategic update that may see the lender take an axe to parts of its troubled investment banking arm.
WEEK AHEAD
Today
• Aberdeen Asset Management – Fresh from completing its £550 million takeover of Scottish Widows Investment Partnership, the fund manager announces first–half results.
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Hide Ad• Barclays – First–quarter numbers are tipped to show a fall in earnings at the group, which saw profits slide by 32 per cent last year. Chief executive Antony Jenkins announces the outcome of his strategic update on Thursday.
Tomorrow
• EasyJet – The budget airline, which last month revealed it was closing in on Irish rival Ryanair in terms of passenger numbers, publishes traffic statistics for April.
• Sainsbury’s – Out–going chief executive Justin King delivers his last set of annual results and analysts forecast a 4 per cent rise in profits to about £782m at the retailer, which has seen its market share squeezed by the growth of discounters Aldi and Lidl.
Thursday
• BT – The telecoms group releases its first set of annual results since the start of its English Premier League TV battle with Sky, and analysts expect adjusted pre–tax profits to rise 1 per cent to £841m.
• Morrisons – The grocer, headed by Dalton Philips, is expected to have suffered a continued fall in sales during the first quarter as cut–price rivals keep up the pressure.
• MPC – Economists believe it is a “stone dead certainty” that the Bank of England’s rate–setting committee will leave interest rates on hold at 0.5 per cent, despite falling unemployment and robust economic growth.
• SuperGroup – Having enjoyed a 22.1 per cent jump in third–quarter sales, the owner of the Superdry fashion label will reveal how it fared during the final three months of its financial year.
Friday
• Man Group – The hedge fund manager holds its annual meeting and will update investors on trading during the first quarter.