Week Ahead: Pub groups, Burberry Group

10th Jul 2009 11:31

A number of pub groups are releasing trading statements in the week starting 12 July, including JD Wetherspoon, Enterprise Inns and Mitchells & Butlers.All three will have welcomed the recent hot weather in the UK when temperatures soared above 30 degrees Celsius, which is sure to have boosted sales.The industry has given less of a warm welcome to the proposals by Parliament's Business and Enterprise Committee, which has recommending that the Competition Commission look into the tied arrangements that govern over half of Britain's pubs. Enteprise Inns' management has already spoken out against the proposals, but this week's trading statements - especially if they contain details of yet more aid given by the pub groups to tenants - will offer an opportunity for another vigorous defence of the tied-house model.As well as current trading, investors will focus on debt reduction at Enterprise Inns while attention at Mitchells & Butlers will be on the new chief executive officer, Adam Fowle, who gets his first chance to publicly outline his strategy for the company.High-end fashion retailer Burberry will give a trading statement that is likely to show continuing tough conditions. "2008/09 was one of the most challenging years the luxury sector has ever faced, especially in the second half," said Burberry in a company statement back in May, and things are unlikely to have improved since, with unemployment rising quickly and consumer confidence hit by stalling equity markets.Monday July 13INTERIMSLow & BonarINTERNATIONAL ECONOMIC ANNOUNCEMENTSCorporate Goods Price Index (JPN) (00:50)Consumer and Household Confidence (JPN) Treasury Budget Statement (US) (15:00)FINALSInfoserve Group, SpiceTRADING STATEMENTCranswickEGMSVictoria Oil & GasAGMSMetalrax Group, Oakley Capital Investments Ltd., Telit CommunicationsFINAL DIVIDEND PAYMENT DATECapital Gearing TrustTuesday July 14INTERIMSAlphameric, Arden PartnersQUARTERLY PAYMENT DATEYamana Gold IncTRADING STATEMENTSCVS, Headlam, DunelmINTERNATIONAL ECONOMIC ANNOUNCEMENTSProducer Price Index (US) (13:30)Retail Sales (US) (13:30)Retail Sales Less Autos (US) (13:30)Business Inventories (US) (15:00)ZEW Surveys (GER, EUR) (10:00)Industrial Production (EUR) (10:00)FINALSJarvis, Ocean Power TechnologiesAGMSAngel Biotechnology, Cyprotex, Foresight 4 VCT, Pennine AIM VCT, Pennine Aim VCT 'D' Shares, Petro Matad, Rapid Realisations Fund Ltd., Vyke Communications, Young & Co's Brewery 'A'UK ECONOMIC ANNOUNCEMENTSBRC Sales Monitor (10:30)RICS House Price Balance (00:01)Consumer Price Index (09:30)Retail Price Index (09:30)FINAL DIVIDEND PAYMENT DATEGreat Portland Estates, Ventus 1 VCT, Ventus 2 VCT, Ventus 3 VCTWednesday July 15INTERIM EX-DIVIDEND DATEChemring Group, Holidaybreak, IDOXQUARTERLY EX-DIVIDEND DATEMerchants TrustUK ECONOMIC ANNOUNCEMENTSUnemployment (09:30)Average Earnings (09:30)Manufacturing Unit Wage Costs (09:30)ILO Unemployment Rate (09:30)INTERNATIONAL ECONOMIC ANNOUNCEMENTSBusiness Inventories (US) (15:00)Capacity Utilisation (US) (14:15)Consumer Price Index (US) (13:30)Crude Oil Inventories (US) (15:30)Industrial Production (US) (14:15)Empire State Manufacturing Survey (US) (13:30)FOMC Meeting minutes (US) (19:00)Consumer Price Index (EUR) (10:00)Bank of Japan Target Rate (JPN)Machine Tool Orders (JPN)FINALSO Twelve EstatesTRADING STATEMENTSBurberry Group, JD Wetherspoon, Blacks LeisureAGMSAurora Inv Trust, BT Group, BTG, Invesco English & International Trust, Northern Foods, Sainsbury, Wynnstay PropertiesFINAL DIVIDEND PAYMENT DATESmall Companies Dividend Trust, UTV MediaFINAL EX-DIVIDEND DATECropper (James), Empresaria Group, Establishment Inv Trust, FirstGroup, GB Group, Halma, IBIS Media VCT, ICAP, Intermediate Capital Group, Invesco Asia Trust, Lindsell Train Inv Trust, Majestic Wine, MDM Engineering Group, Mountview Estate, Noble AIM VCT, Puma Brandenburg, Puma VCT I, Puma VCT II, Puma VCT III, Puma VCT IV, Rensburg Sheppards, Schroder UK Growth Fund, Sepura, TP70 2008 (I) VCT, TP70 2008 (II) VCTThursday July 16QUARTERLY EX-DIVIDEND DATECaterpillarINTERNATIONAL ECONOMIC ANNOUNCEMENTSInitial Jobless Claims (US) (13:30)Philadelphia Fed Index (US) (15:00)NAHB Housing Market Index (18:00)Tertiary Industry Index (JPN)Consumer Price Index (FRA) (07:45)FINALSSports Direct InternationalTRADING STATEMENTSDairy Crest, Hilton Food Group, Enterprise Inns, Mitchells & ButlersAGMSFirst Group, Frontera Resources Corporation, Hamworthy, JPMorgan European Inv Trust Growth Shares, JPMorgan European Inv Trust Income Shares, JZ Capital Partners, Molectra Group Ltd., Mothercare, Personal Assets Trust, SVM UK Active Fund, UTEK Corporation, YCO DeuxmilFINAL DIVIDEND PAYMENT DATEYoung & Co's Brewery 'A'Friday July 17INTERIM DIVIDEND PAYMENT DATEAlternative Networks, RWS Holdings, Scottish Inv Trust, Superglass HoldingsQUARTERLY PAYMENT DATEQueen's Walk Investment Ltd.INTERNATIONAL ECONOMIC ANNOUNCEMENTSBuilding Permits (US) (13:30)Housing Starts (US) (13:30)Trade Balance (EUR) (10:00)Construction Output (10:00)EGMSBlack Arrow, ElectrocomponentsAGMSDCC, Edinburgh Inv Trust, Electrocomponents, Evolvence India, Finsbury Worldwide Trust, Hambledon Mining, Invensys, Luminar, Ottoman Fund Ltd. (The), Printing.com, ReEnergy Group, T2 Income Fund Ltd., Templeton Emerging Markets Inv TrustFINAL DIVIDEND PAYMENT DATEGame Group, Harvey Nash Group, IFG Group, Murray Income Trust, New Century AIM VCT 2, Sainsbury (J), Tribal Group, Value and Income Trust, Vislink