press release
10 July 2013
The Forward Look
Sheridan Admans, investment research manager at The Share Centre, gives his thoughts on what to expect from companies announcing results w/c 15 July 2013. Tuesday
Rio Tinto (Q2 results) Rio Tinto has suffered more from the commodities weakness than some of its other large cap mining peer group due to it being so dependent on iron ore. Investors will expect to hear of production increases and the average prices received for each commodity. Updates on large projects, such as Oyu Tolgoi in Mongolia, will be of interest. However, we would warn investors not to rule out further asset write downs.
We currently list Rio Tinto as a BUY
Companies also reporting today include EVRAZ (Q2 results) – SELL
Wednesday
BHP Billiton (Q4 results) Most mining companies’ share prices have had a very poor time so far this year on the back of a weak commodities market, primarily as a result of slowing conditions in China. We would expect this pessimism to be reflected in BHP Billiton’s quarterly update next week. Investors will be looking to see if mining production levels have increased and what the average price received for them was. Updates on the group’s projects will also be welcome.
We currently list BHP Billiton as a BUY
Severn Trent (interim management statement) Utility companies rarely get the pulse racing when it comes to trading updates, so investors will be anticipating trading in line with expectations. Further comments on the failed bid for the group and the new regulatory period, which is fast approaching, will be of more interest.
We currently list Severn Trent as a HOLD
Companies also reporting today include Fresnillo (Q2 results) – HOLD, Land Securities (interim management statement) – HOLD Friday
Companies reporting today include Vodafone (interim management statement) – BUY
Economic Diary
16 July, UK Consumer Price Indices, June 2013 – ONS Inflation rose from 2.4% in April to 2.7% in May. Although it is expected to fall back in a few months, inflation for June may well have passed 3%, meaning it was more than a full percentage point over target. If this is the case, although he is still new in the job, Mark Carney, will be required to send a letter to the Chancellor detailing why inflation is over target and what the Bank of England plans to do about it. Will Mr Carney’s letter mark a divergence from the approach taken by Mervyn King?
17 July, Minutes of the Monetary Policy Committee Meeting held on 3 and 4 July – Bank of England The difference in approach between Mark Carney and Mervyn King will come under the spotlight again today following the release of the first set of minutes from the MPC since Mr Carney took over as governor of the UK’s central bank. What will the minutes say about intermediate thresholds, and how did Mr Carney vote? Did David Miles and Paul Fisher continue to vote for more QE, and, if so, did Mr Carney vote with them as his predecessor did?
Other economic announcements include:
16 July • House Price Index, May 2013 – ONS • Producer Price Index, June 2013 – ONS • US Consumer Price Index, June 2013 – BLS
• US Real Earnings, June 2013 – BLS • EU Inflation (HICP), June – Eurostat
17 July • Labour Market Statistics, July 2013 – ONS
18 July • Retail Sales, June 2013 – ONS • Trends in Lending, July 2013 – Bank of England
19 July • Public Sector Finances, June 2013 – ONS
---Ends---
Note to editors:
For further information please contact:
The Share Centre Rebecca Kempsell PR Executive 01296 439 426 [email protected]
Stephanie Reynolds PR Manager 01296 439 256 [email protected]
Teamspirit PR Adam Smith / Dan Pike / Lucy Caminada 0207 360 7816 / 0207 864 4137/ 0207 360 7852 [email protected] / [email protected] / [email protected]
To view all our press releases and more from our investment advisers please go to blog.share.com
2012 Stockbroker of the year – Financial Times and Investors Chronicle Execution only Stockbroker of the year – Financial Times and Investors Chronicle Best online Stockbroker – Personal Finance Awards Highest overall client satisfaction award - Investment Trends Best value for money - Investment Trends Best trading platform - Investment Trends
2011 Best Online Stockbroker - Financial Times and Investors Chronicle Best Online ISA Provider - MoneyAM Best Small Cap Broker 2011 - Shares Magazine Highest overall client satisfaction award - Investment Trends
2010 Best Small Cap Broker 2010 - Shares Magazine Best Online Funds Service 2010 - MoneyAM
Risk Warnings:
Investing in general, and the products and services mentioned above may not be suitable for all: if in doubt, individuals should seek independent financial advice. The value of investments and the income from them can go down as well as up and investors may not get back their original investment. Past performance is not a reliable indicator of future performance.
The bases and levels of taxation relating to ISAs, CTFs and SIPPs are subject to change and the value of these tax allowances may depend upon the circumstances of the individual.
About The Share Centre:
The Share Centre was established in 1990 to provide value-for-money share services for private investors. Its range of services includes buying and selling shares (by Internet, telephone and post) and a comprehensive share administration and safe custody service. Tax-efficient investment ‘wrappers’ including ISAs, CTFs and SIPPs are also available.
The Share Centre’s Advice team provides comment on market sectors, individual shares and funds on www.share.com. Access is available to customers and registered users of the site. Registration is free. To understand how our Advice team arrive at their views please read our Investment Research Policy. The Share Centre blog is also available at http://blog.share.com.
In addition, account customers can receive individual telephone advice on UK-listed shares.
The Share Centre Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority under reference 146768.
Registered in England No. 2461949. Registered office: Oxford House, Oxford Road, Aylesbury, Bucks. HP21 8SZ.