Nick Raynor, investment adviser at retail stockbroker, The Share Centre, gives his thoughts on what to expect from companies announcing results w/c 19 July 2010.

Tuesday

Severn Trent (LON:SVT) (first quarter update)

The share price has outperformed the market so far this year as investors look for safe havens in these volatile times. We are not expecting any surprises from what is perceived to be a defensive sector. We will be interested to see some post budget comment on future water demand. We currently list Severn Trent as a HOLD

Wednesday

Glaxosmithkline (LON:GSK) (second quarter results)

The market will be keen to hear news on its diabetes pill Avandia in connection with the Food and Drug Administration review in the US. There should also be further news on its future push into emerging markets, along with prospects for the existing and future products pipeline. We currently list GlaxoSmithKline as a BUY

Land Securities Group Plc (LON:LAND) (first quarter update)

The group recently surprised analysts with a sale of a development in Mayfair. The company may comment on plans for reinvesting the money, but of greater interest will be their thoughts on the property market and if the sale shows that demand for prime locations is set to remain high.  We currently list Land Securities as a HOLD

Thursday

Capita Group (LON:CPI) (interim results)

There have been increasing concerns over the support service sector since the budget announcement in June. Planned Government spending cuts are to be updated in October and this hangs over a number of companies, including Capita. Investors will be concentrating on the outlook statement with regard to outsourcing. Can the private sector help offset central government uncertainty? The figures themselves are likely to be inline with expectations. We currently list Capita as a HOLD

Imperial Tobacco Group (LON:IMT) (trading statement)

There have been a number of issues on the horizon that analysts’ have concerns over. These range from where profit growth can come from, pressure on margins, commodity costs and the effects of plain packaging. Any update or thoughts with regard to this will be of particular interest. We currently list Imperial Tobacco as a HOLD

Kingfisher (LON:KGF) (trading update)

Can Kingfisher lift the general gloom over the future confidence of the UK consumer? It is more likely the…

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