Nick Raynor is an investment adviser at retail stockbroker, The Share Centre, having been there since 2002. Nick has over 11 years’ experience in personal finance. Nick is regularly asked to offer his insight on a wide range of financial matters to the UK media for papers including The Times and The Daily Telegraph. He provides weekly share comment to several regional newspapers, as well as finance-based websites such as MoneyExtra.com.
He gives his thoughts below on what to expect from companies announcing results w/c 24 May 2010.
Monday
Invensys (LON:ISYS) (preliminary results) - Invesnsys is one of the largest diversified machinery manufacturers in the UK. The company has been struggling to make an impact in the markets so far this year, especially as competition from US companies looking to enter the European markets increases. As time goes on, we see Invesnsys coming under increasing pressure. We hope these results are more positive than expected. We currently list Invesnsys as a SELL
Tuesday
Marks & Spencer Group (LON:MKS) (preliminary results) - The summer is here so people will be hitting the shops and Marks & Spencer will be looking to benefit from this. It will be too late for this to reflect in these figures but we hope there will be some mention of how trading performance has been over the previous weeks. We hope to see food sales improve after a recent slow down in figures. We currently list Marks & Spencer as a HOLD
Wednesday
Burberry Group (LON:BRBY) (preliminary results) - These results will hopefully just confirm the positive sentiment the trading update in late April brought us. Burberry noted that expectations and forecasts had been revised for the better when the Q4 figures were issued. Overseas operations have not fared as well as UK operations, but it is hoped this will start to improve. We currently list Burberry as a HOLD
Thursday
Man Group (LON:EMG) (full year preliminary results) - Man Group has had a difficult year so far. Its main AHL diversified fund has not been performing well and as a result, the share price has fluctuated greatly. Man Group announced last week that they are to spend $1.6 billion on fellow hedge fund company GLG. This will create a huge company managing investments worth over $63 billion. The future for…
