The Tipster | Builder to cement profits

HOUSE builder Bellway reports today, and traders expect to see profits up as it capitalises on a turnaround in UK housing. The company has focused heavily on homes with renewable energy sources, which has proven to be lucrative. Shares are towards the top of its 52-week range and have risen 40 per cent in the last year. Spread Co quotes a price of 948.2p-949p for Bellway.

Considering the recent scandal, banking giant Barclays has fared well. Shares seem to have priced in the negative Libor news and the latest twist in the saga has not weighed on prices, which are up by over 35 per cent in 2012. GFT Markets quotes a price of 235.4p-236p for Barclays.

Analysts expect a mixed trading update from Man Group, one of the world’s largest hedge funds. Although shares have gone up by 50 per cent since lows in July, they are still more than 40 per cent down in the last year and some way off pre-crisis highs of around £6. Spreadex quotes a price of 89.9p-90.5p for Man Group.

Drinks company Diageo gives a trading update tomorrow. It has been one of the hottest stocks of 2012 and risen by 37 per cent in the last 12 months. The company has benefited from the recession, as people have not abandoned discretionary spending on drinks, choosing to cut spending elsewhere. Capital Spreads quotes a price of 1,779.6p-1,782.4p for Diageo.

Informa delivers its third quarter figures today and traders will be seeking reassurance from the board after a shaky year. It has been a volatile 12 months for the publisher and, although shares are up 14 per cent, they are stuck in the middle of their 52-week range. ETX Capital quotes a price of 402.2p-402.8p for Informa.