Search

2bn rom Tesco the UK's largest ood retailer

Results: ull year - orbidden Technology; Game Group; Premier Research; Rugby Estates; Synchronica; Tesco; Ukrproduct Group; enture Production; Whitbread Group. But Altium Securities, the broker, thinks that is unlikely and despite the success ul launch o "Tomb Raider: Legend", the latest in the series o success ul computer games, it maintains its "sell" rating on the stock. Panmure does not expect to see any nasty shocks or a major change in Tesco's leading position. Game Group, the ideo console and game retailer, will ha e its ingers irmly crossed that Sony can supply the PlayStation 3 in time or Christmas. Howe er Panmure Gordon is not holding its breath on a REIT announcement today and instead belie es the group could return to the progressi e di idend policy it abandoned three years ago.

Analysts will perhaps be keener to hear about the company's plans or its real estate port olio, which it may con ert into a Real Estate In estment Trust in order to crystallise its alue. Consensus analyst orecasts are or re enue o $56m and pre-tax pro its o $9m. Results: ull year - Aricom; Har ey Nash; Peter Hambro Mining; Sterling Energy; anco irst hal - Lok'n Store Group irst quarter - Autonomy. TOMORROW: Expect to see ull year pre-tax pro its o about ?2.2bn rom Tesco, the UK's largest ood retailer.

TODAY: Autonomy, once among the darlings o the dot com boom, reports irst quarter numbers today and analysts will be keen to see the contribution o erity, the data search company bought by Autonomy or $500m in December last year. Howe er, with the Texas City re inery back to ull capacity a ter the atal explosion last March the outlook should remain ery positi e and Richard Gri iths, the broker's oil analyst, reckons that share buy-backs could hit $20bn in 2006, 8 per cent o the current market capitalisation. With the oil price unlikely to all sharply, there is e ery chance that analysts will ha e to raise ull-year orecasts. Outrage among politicians and consumers o er blockbuster pro its and executi e pay packages are not likely to make any dent in the industry, at least not in the short term. According to broker Williams de Bro?BP's irst quarter numbers due tomorrow are likely to show weaker global re ining and marketing margins in comparison the last quarter o 2005. Concerns o er possible military action in Iran, the world's ourth largest producer, ha e sent oil to more than $73 per barrel or the irst time since the late 1970s and the oil majors, BP included, are expected to beat the bumper pro its reported in 2005. The surging oil price may be bad news or consumers, which means just about e eryone rom pri ate car owners to sugar producers, as seen in last week's AB oods results, but or the oil industry the current en ironment doesn't get much better. This was underlined by last week's record results rom themutual .Analysts say the industry is growing at 20 to 30 per cent a year and orecast this trend to continue or some time to come..