LONDON (SHARECAST) - After a strong second quarter, albeit abetted by one-off boosts, Whitbread might have found the third quarter tougher going, given that it revealed that trading had become variable on a month-by-month basis.
"We think that the Travelodge CVA [company voluntary arrangement] will lead to a stronger competitor to Premier Inn with a more consistent product and even more competitive pricing. It is therefore unfortunate that Premier Inn’s sales and marketing director, Gerard Tempest will leave in November to join Carnival UK. Combined with aggressive pricing and growth plans from international operators such as Tune Hotels we think Premier Inn will find the going tougher over the next 18 months," Panmure Gordon predicts.
On Thursday, department store group Debenhams releases results for the year to the end of August, with the market expecting pre-tax profits of £159m on sales of £2.54bn.
The earnings per share figure is expected to rise to 9.36p while the full-year dividend is seen coming in at around 3.1p, up from 3.0p last year.
Seymour Pierce recently raised its price target from 100p to 110p for the stock while sticking with its "hold" rating.
Monday October 22
INTERIMS
e-Therapeutics
INTERIM DIVIDEND PAYMENT DATE
Fyffes
IMSS
Dragon Oil, Senior
SPECIAL DIVIDEND PAYMENT DATE
InterContinental Hotels Group
AGMS
Nighthawk Energy, Shanta Gold Ltd.
FINAL DIVIDEND PAYMENT DATE
Diageo, Renishaw
Tuesday October 23
INTERIMS
B.P. Marsh & Partners, C&C Group, LiDCO Group, Whitbread
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence Indicator (EU) (10:00)
Q3
ARM Holdings, CSR, Norsk Hydro ASA, Virgin Media Inc.
FINALS
Avacta Group
IMSS
Premier Foods
AGMS
Arcontech Group, MobileWave Group , Murray Income Trust
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
FINAL DIVIDEND PAYMENT DATE
Anite, IG Group Holdings, Mattioli Woods
Q1
Oil & Gas Development Company Ltd GDR (Reg S)
Wednesday October 24
INTERIMS
Home Retail Group, Lombard Risk Management, Volkswagen AG
INTERIM DIVIDEND PAYMENT DATE
Interserve, Invesco Perpetual UK Small Companies Inv Trust
INTERIM EX-DIVIDEND DATE
Capital Lease Aviation, Goals Soccer Centres, Hansteen Holdings, Harvey Nash Group, Hunting, Marshalls, Menzies(John), Octopus VCT , Old Mutual, Rolls-Royce Holdings, Senior, Tullett Prebon, Walker Greenbank, William Hill
QUARTERLY PAYMENT DATE
Assura Group Ltd.
QUARTERLY EX-DIVIDEND DATE
City of London Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
FOMC Interest Rate (US) (17:15)
House Price Index (US) (15:00)
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
MBA Mortgage Applications (US) (12:00)
New Homes Sales (US) (15:00)
Q3
Lilly (Eli) & Co, Reckitt Benckiser Group, Torchmark Corp.
ANNUAL REPORT
Hargreaves Lansdown, K3 Business Technology Group
IMSS
British American Tobacco
SPECIAL EX-DIVIDEND PAYMENT DATE
Bailey (C.H.)
EGMS
3D Diagnostic Imaging
AGMS
Avingtrans, Haynes Publishing Group, Impala Platinum Holdings Ltd.
TRADING ANNOUNCEMENTS
Sportingbet
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
FINAL DIVIDEND PAYMENT DATE
Brooks Macdonald Group
FINAL EX-DIVIDEND DATE
BlackRock Greater Europe Inv Trust, British Sky Broadcasting Group, Edge Performance VCT 'D' Shares, Edge Performance VCT 'E' Shares, Edge Performance VCT 'F' Shares, Edge Performance VCT G Shares, Goldplat, Impax Asian Environmental Markets, Interior Services Group, JPMorgan Emerging Markets Inv Trust, Mcbride, Plexus Holdings, Smiths Group, Thorpe (F.W.), Wetherspoon (J.D.)
Thursday October 25
INTERIMS
ASOS, Stobart Group Ltd.
INTERIM DIVIDEND PAYMENT DATE
BrainJuicer Group, Inmarsat, Ladbrokes, Lupus Capital, Martin Currie Global Portfolio Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Bloomberg Consumer Confidence (US) (14:45)
Continuing Claims (US) (13:30)
Durable Goods Orders (US) (13:30)
Initial Jobless Claims (US) (13:30)
M3 Money Supply (EU) (09:00)
Pending Homes Sales (US) (15:00)
Q3
AstraZeneca, Petroleum Geo Services ASA, Shire Plc, Unilever
GMS
Premier Foods
FINALS
Debenhams
IMSS
AZ Electronic Materials SA (DI), Inchcape, Kazakhmys, National Express Group
EGMS
Acer Incorporated GDR (Reg S), Datang International Power Generation Co Ltd.
AGMS
Antisoma, BHP Billiton, Go-Ahead Group, Hermes Pacific Investments, Leeds Group, Lochard Energy Group
TRADING ANNOUNCEMENTS
Mail.ru Group Ltd GDR (Reg S), Stobart Group Ltd., WPP
UK ECONOMIC ANNOUNCEMENTS
GDP (Preliminary) (09:30)
Index of Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Oxford Instruments
Friday October 26
INTERIMS
African Medical Investments, Gail (India) Ltd GDR (Reg S)
INTERIM DIVIDEND PAYMENT DATE
Amati Vct 2, Brightside Group, British Smaller Companies VCT 2, Costain Group, Dignity, EMIS Group, F&C Asset Management, Fairpoint Group, Filtrona PLC, Good Energy Group, H.R. Owen, Henry Boot, InterQuest Group, Kentz Corporation Ltd., Morgan Sindall Group, North American Income Trust (The), Primary Health Properties, Quarto Group Inc., Real Estate Investors, Rentokil Initial, Severfield-Rowen, Smurfit Kappa Group, Vitec Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
GDP (Advance) (US) (13:30)
U. of Michigan Confidence (Final) (US) (15:00)
Q2
Gail (India) Ltd GDR (Reg S)
Q3
Norwegian Property ASA, Polski Koncern Naftowy Orlen S.A. GDR(Reg S)
IMSS
CPP Group, Elementis
AGMS
Transense Technologies, URU Metals Ltd. (DI)
FINAL DIVIDEND PAYMENT DATE
Consort Medical, Development Securities
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