Integration pays at Kerry

 

Analysts are looking for pre-tax figures in the range of €115E 119 million (£90.5£93.7 million) - up 16 per cent - from Kerry as the burgeoning agri-business group reaps the benefits of the successful integration of Dalgety and its other acquisitions as well as strong trading results and widening margins. US and Europe are expected to account for the bulk of the growth.

Diageo: Drinks group Diageo reports interim figures on Thursday, with the City not expecting to see much sparkle after a year of adverse currency movements and several disposals.

An update on trading in January showed continuing problems in Asia and Latin America but the City will be hoping for a positive outlook, given a consensus view that the regions are stabilising.

Pre-tax profits of £1.05 billion sterling (€1.56 billion) are expected, compared with £1.2 billion the previous year.

Monday

Results: Brands Hatch Leisure, Bunzl, Candover Investments, CMG, Gowrings, Graham Group, Groupe Chez Geradrd (H1), IMI, Inchcape, Interior Services Interx (H1), Managnese Bronze Holdings (H1), Nycomed Amersham, Persimmon, Scottish Media Group, SGB Group, Stat Plus Group, Thomson Travel, Trafficmaster, Try Group, Vanguard Medica Group, WSP Group.

A.G.M.: Volvo (e.g.m.).

Indicators: British producer prices (Feb) and industrial production (Jan).

Tuesday

Results: Adidas Salomon, BAT, BBA Group, Cantab Pharmceuticals, Caradon, Church & Co. Coats Viyella Group, Country Gardens, Crestacare, De Beers, Expamet, Geo Interactive, Hampden, Independent Insurance, Kerry Group, Metal Bulletin, Norish, Polypipe (H1), Harry Ramsden's, Senior Engineering Group, Waterford Wedgewood, Wilson Connolly, Yule Catto. A.G.M.: Bullough, Consolidated Coal (e.g.m.), First Leisure.

Meetings: European Farm reform talks resume (Brussels); European Union employment and social affairs ministers meet (Brussels).

Indicators: British Retail Consortium retail sales (Feb); US productivity (Q4); German unemployment (Feb).

Others: British budget.

Wednesday

Results: Abbot Group, Aggregate Industries, BICC, Bowthorpe, Cairn Energy, Cathay Pacific (H1), Cordiant Communications, Countrywide Assured Group, Grolsch, Holmes Place, Irish Turf Club, Matalan, Mowlem, Pearson, Pentland Group, PTS, Terranova Foods, TI Group, Xenova.

A.G.M.: Eurocamp, Irish Timber Council, Microsoft (e.g.m.), Water Hall Group (e.g.m.).

Indicators: German money supply (Jan) and manufacturing orders (Jan).

Others: European Insurance Committee (CEA) presents its report on "European Insurance in 1998: Facts and Figures".

Thursday

Results: Alcatel, Amec, Ash & Lacy, Cattles, Courtaulds Textiles, Cox Insurnace Holdings, Davis Service Group, Diageo (H1), Emhart Company, Gleeson Group (H1), Group Trust, ISA International, Jardine Matheson Holdings, Keller group, Meggitt, Molins, Qualceram, Queen's Moathouses, Reed Elsevier, Rexam, Saatchi & Saatchi, SIG, ThomsonCSF, Tilbury Douglas, Travis Perkins, United Biscuits, Wyevale Garden Centres.

A.G.M.: Amer Group, Cardiff Property, First technology (e.g.m.), IMS Group, ITE Group (e.g.m.), Mountcashel, Tadpole Technology, Trio Holdings.

Meetings: Bundesbank council meeting; European Union environment ministers meet; Foresight/ Pricewaterhouse Coopers business breakfast addressed by Mr Sean Fitzpatrick, chief executive of Anglo-Irish Bank.

Indicators: Irish consumer prices (Feb); US retail sales (Feb) and current account (Q4).

Others: Reuters Quarterly poll of forecasts for leading stock indices around the world.

Friday

Results: Alliance Resources, Enterprise Oil, Johnson Service Group, Reckitt & Colman, Regal Hotel Group, Shire Pharmaceutical Group, Vitec Group, Wetherspoon (H1), Workplace Technology.

A.G.M.: Jersey Electricity, Kelsey Industries, Lookers, Reflec.

Meetings: Seminar on "The Future for Porperty Investment" organised by Institute of Directors and Business & Finance (Burlington Hotel, Dublin).

Indicators: US producer prices (Feb) and Michigan Sentiment Survey (Mar).