Newspaper article The Evening Standard (London, England)

Taking Stock; Your At-a-Glance Guide

Newspaper article The Evening Standard (London, England)

Taking Stock; Your At-a-Glance Guide

Article excerpt

BANKING AND FINANCE

Analysts at Deutsche are banking on Amvescap reporting a 77% increase in operating profit to $204 million ([pounds sterling]108 million) on Wednesday.

It has upped its target to 670p from 630p and repeated its buy rating.

BUILDING AND PROPERTY

Balfour Beatty and Carillionhave won the [pounds sterling]363 million contract to build the new East London rail line between Dalston Junction and West Croydon in time for the 2012 Olympics.

Construction will begin next year and is due to be finished in 2010.

CONSUMER

Panmure Gordon expects Cillit Bang, Lemsip and Dettol maker Reckitt Benckiser to unveil likefor-like sales growth of 6% and an increase in operating margins when it reveals third-quarter figures tomorrow.

ECONOMICS

The CBI's quarterly industrial trends survey, out tomorrow, is expected to show an impressive pickup in optimism. The net balance of firms reporting a rise in confidence is expected to be plus 4, up from minus 6 in the previous survey.

ENGINEERING

Panamanians have overwhelmingly backed a plan to give their famous 92-year-old canal its biggest overhaul, an engineering project to boost the economy. The $5.25 billion ([pounds sterling]2.8 billion) project to widen key sections won four-to-one voter support.

HEALTH

GlaxoSmithKline could be in for a rerating on Thursday as analysts look at its strong pipeline and poor recent share performance. Glaxo has been trading on a price-earnings ratio of 15.4 compared with an average of 19.1 for major pharmas.

INDUSTRIALS

Babcock & Brown Public Partnerships' [pounds sterling]300 million PFI fund offers a good opportunity to get exposure to infrastructure projects. BBPP wants to buy [pounds sterling]185 million of PFI projects and invest the other [pounds sterling]115 million in 15 months.

LEISURE

Whitbread delivers half-year figures on Wednesday and analysts say a cash return to shareholders could well be on the cards. Tim Ramskill at Dresdner Kleinwort has said a payout of [pounds sterling]450 million could be due after this year's sale of Pizza Hut, Brewers Fayre and Beefeater.

MEDIA

Advertising giant WPPis likely to unveil disappointing UK figures in its trading update on Friday. …

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