Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Archive

Babcock and Dunelm in the diary for Wednesday

Defence firm Babcock will provide the market with its first update since long-serving CEO Archie Bethel announced his retirement in early February

Babcock International Group PLC (LON:BAB) has preceded Wednesday's third-quarter update with news that chief executive Archie Bethel is planning to retire after 16 years working for the defence contractor.

With the process of appointing successor now underway, Bethel will leave only once a replacement is in place.

With its in-line interims in November, Babcock reaffirmed guidance for full-year revenue to fall around 5% to £4.9bn revenue, with underlying profit (EBITA) tumbling 11% to 515-535mln.

Stronger than expected trading in Marine and Land sectors is expected to offset weaker than expected trading at Aviation.

Broker Peel Hunt said this implies the second half revenue will fall roughly 6% versus the 5% in the first, with EBITA declines decelerating to 11% from the 15% in the first.

For the full year, the consensus forecast is for PBT of £441.4mln, feeding through to EPS of 71.1p.

No surprises for Dunelm

Meanwhile, Dunelm Group plc (LON:DNLM) will publish interims that are likely to make an unsurprising read after some detailed updates in recent months.

Analysts at house broker Peel Hunt do not expect any revisions for now but said the better margins suggest there is room for improvement.

The FTSE 250-listed home retailer said last month margins were higher in the quarter to 28 December because it did not resort to Black Friday and pre-Christmas discounting.

The seller of cushions and curtains has enjoyed a rally in online sales after launching a new website in December, which prompted management to plump full-year profit expectations for the fifth time in the year.

Significant announcements expected for Wednesday 12 February:

Finals: Plus500 Ltd (LON:PLUS); Primary Health Properties PLC (LON:PHP)

Interims: Dunelm Group plc (LON:DNLM), Oncimmune Holdings PLC (LON:ONC)

Trading updates: Babcock International Group PLC (LON:BAB)

AGMs: RWS Holdings PLC (LON:RWS)

Economic data: US MBA mortgage applications, US crude oil inventories

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK