Looking for light at ILP

In a week cut short by the hangover of the easter holiday, there is little in the way of corporate of economic news on the domestic…

In a week cut short by the hangover of the easter holiday, there is little in the way of corporate of economic news on the domestic scene. Thursday sees the final results of foam packaging company ILP Group, based in Bray, Co Wicklow.

The group has already issued a profits warning saying its performance this year was unlikely to meet expectations, marking its third warning in seven months.

Analysts will be looking to see just how bad things have got at the company and will be seeking further news of the group's attempts to find a buyer.

Intel: Intel will give a clearer indication of what the high-technology sector can hope for in 1998 when it reports first-quarter results after the US markets close on Tuesday. The figures will be closely examined by staff at the Leixlip, Co Kildare plant in the light of warnings from several in the computer sector, including Intel, in the recent past. Also reporting this week are Digital and Corel.

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Monday

Results: Nationsbank Corp (Q1).

Indicators: Bank of Japan announces April report of recent economic and financial developments.

Others: US court to rule on extradition of Corkborn financier Finbarr Ross; Markets closed for Easter holiday.

Tuesday

Results: Associated British Foods (H1), Dowding & Mills (H1), Eastman Kodak (Q1), Electronic Boutique, Intel Corp (Q1), J.P. Morgan & Co (Q1), Royal Dublin Society (plus plans to year 2000), Suez Lyonnaise des Eaux.

A.G.M.: Dun & Bradstreet, MBNA, Merrill Lynch.

Meetings: Leinster Society of Chartered Accountants monthly meeting addressed by Anglo Irish Bank chief executive Sean Fitzpatrick (Burlington Hotel, Dublin); European Parliament economic and monetary affairs committee holds debate on European Commission EMU convergence report and recommendations with representatives of national parliaments (Brussels).

Indicators: British producer price index (Mar); US retail sales (Mar), consumer prices (Mar), real earnings (Mar) and Atlanta Federal Index (Mar); German wholesale prices (Mar).

Others: ACCA annual dinner with address by Mr Gary McCann (Royal Hospital, Kilmainham); National Innovation Awards launch (Merrion Hotel, Dublin); IMF managing director, Mr Michel Camdessus outlines hopes for IMF-World Bank spring meetings; Finnish parliament starts debate on proposal to join EMU at launch.

Wednesday

Results: Alcan Aluminium (Q1), AMR Corp (Q1), BankAmerica (Q1), Black & Decker (Q1), Electrophoretics, Eyecare Products, Fruit of the Loom (Q1), Lakeland Dairies, Rugby Estates, White Young Green (H1).

A.G.M.: Coca-Cola, Corel Corp, Dow Jones & Co, A.C. Nielsen.

Meetings: IMF/World bank spring meetings opens (Washington).

Indicators: Reuters poll of long-term forecasts for US economy; Japanese industrial production (Feb); US business inventories (Feb) and export/import prices (Mar).

Others: Foresight Business Group breakfast at Trinity College, Dublin, addressed by Patrick Campbell, chairman of Campbell Bewley Group; Minutes of bank of England monetary policy committee meeting published; Dutch parliament's lower house concludes debate on European economic and monetary union.

Thursday

Results: Digital Equipment (Q1), Donantantonio, Ford (Q1), ILP, International Energy Group, Premier Franell.

A.G.M.: Texas Instruments.

Meetings: IMF/World bank spring meeting (Washington).

Indicators: British Chambers of Commerce quarterly economic survey; Reuters poll of long-term forecasts for Japanese economy; US housing starts (Mar), weekly jobless claims and Philadelphia Federal Survey (Apr); Italian industrial production (Feb).

Friday

Results: Alliance Unichem, Polygram (Q1).

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

Meetings: Final day of IMF/World Bank spring meeting (Washington); Bundesbank Council meets; Institute of Bankers - Dubin region centenary lunch addressed by Ryanair chief executive, Mr michael O'Leary (Burlington Hotel, Dublin).

Indicators: US international trade (Feb), capacity utilisation (Mar), industrial production (Mar) and Michigan Sentiment Survey (Apr)