NEW Greggs boss Roger Whiteside unveils his first set of results tomorrow since taking the helm at the baker, after earning his stripes in the pub sector. Investors will be hoping that, like a Greggs pasty, he can rise to the occasion. But Whiteside may find it difficult to sustain the recent sugar rush: shares are up by 13 per cent in 2013. However, over the last year, they are still down by around 5 per cent. But with a dividend yield of 3 per cent, the company could be a tasty bet for hungry investors looking for a decent breadwinner. IG quotes a price of 512p-515p for Greggs.
Although online retailer Asos is unlikely to report retail sales growth as strong as December’s reading of 41 per cent, analysts still forecast an attractive number around the 35 per cent mark. Asos has been a gem within the portfolio of investors. Over the last year, its shares have grown by over 80 per cent. However, after its recent re-pricing efforts, gross margins are likely to be down. Nevertheless, with the retailer on the buy lists of many analysts, traders are likely to brush this off when Asos delivers its trading statement tomorrow. Capital Spreads quotes a price of 3,170p-3,185p for Asos.
Retail giant Next delivers its final results on Thursday. The company has been on a strong uptrend since the beginning of 2011, and despite a recent dip, shares are still in the black by over 40 per cent over the last 52-weeks. The company is expected to announce further cost efficiencies that could offset operational expenditure. However, with low economic growth in the UK, and a potentially challenging consumer environment, weak sales growth may spook investors. But Next’s resilience is comforting and may play to its strengths. ETX Capital quotes a price of 4,123.7p-4,132.2p for Next.