Home
Investment
News & Views
Company News
news storage
Tuesday preview: PZ Cussons, Sage Group
Tue, 22 May, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Tuesday preview: PZ Cussons, Sage Group
Mon, 23 Jan 2012, 15:51:00
'Imperial Leather' soap maker <b>PZ Cussons</b> issued a profit warning back in December so while Tuesday's interim figures are unlikely to make pleasant reading for shareholders, at least they have been forewarned.
 
 The firm said high raw material costs and adverse exchange rate movement had continued to have an impact on margins in the first half of the company's financial year. 
 
 The company has also been hit by severe weather in Thailand and social unrest in the Middle East. On top of that, trading conditions in Australia, and in the smaller markets of Greece, Thailand and the Middle East, have been challenging.
 
 It is Nigeria, which generates a sizeable chunk of the company's profits, that is of most concern, however, as the country was hit by a national strike in January which lasted for several days after the government ended a petrol subsidy at the behest of the International Monetary Fund.
 
 Civilian unrest has been so pronounced the government deployed troops in the country's commercial capital, Lagos, in an attempt to restore calm.
 
 Accountancy software group <b>Sage</b> has the opposite problem to PZ Cussons, in that it raised expectations with its trading update at the end of November. 
 
 In Tuesday's interim management statement the market will be looking for an update on the company's avowed intention to increase margins. 
 
 INTERIMS
 PZ Cussons, Zetar
 
 INTERNATIONAL ECONOMIC ANNOUNCEMENTS
 Industrial New Orders (EU) (10:00)
 
 FINALS
 Chemring Group
 
 ANNUAL REPORT
 Sinclair (William) Holdings
 
 IMSS
 International Ferro Metals Group, Land Securities Group, Sage Group
 
 AGMS
 Evocutis, Redefine International, Siemens AG
 
 TRADING ANNOUNCEMENTS
 Playtech Ltd.
 
 UK ECONOMIC ANNOUNCEMENTS
 Public Sector Finances (09:30)
 
 
©2004-2009 QCK.com
