FOOTBALL results might be capturing everybody’s attention at the moment but there are some key financial scores out this week. Following positive full-year results in March, grocer J Sainsbury is expected to announce first quarter profits this week. Will its management confirm Morrisons’ news that a slowdown in the market has begun? With the firm’s recent increased expansion investment, combined with a wavering consumer, a weak statement from the supermarket chain would not be surprising. Cantor Index offers a spread of 328.28p-324.54p.
Last week saw Sir Terry Leahy announce his departure from rival supermarket chain Tesco. Analysts are expecting him to go out with an optimistic outlook for the company.
The expansion of overseas business, including the announcement they will be opening 80 new centres in China, has seen Tesco become an international household name. This should mean that its earnings are less affected by UK consumer confidence than its rivals. Cantor Index is offering 398.64p – 400.11p.
One retailer that ought to benefit from the World Cup is Sports Direct. England is expecting plenty from its national team and the further the team go in the tournament, the more shirts and balls Sports Direct are likely to sell. Capital Spreads quotes 94.3p-95.2p.
Property company Land Securities has just bounced off its top side resistance and with fears about tax implications emanating from the emergency Budget later this month, traders should be looking for a retracement to 550p lows. WorldSpreads is offering 609.75p -610.75p.
The rise of the mobile computing movement should benefit companies such as ARM Holdings. While Intel and nVidia dominate the PC markets, these industry bellwethers still trail their smaller counterparts in performance and energy efficiency on mobile platforms. Spreadex quotes 288.30p-290.20p.