week, supermarket chain WM Morrison will announce its latest half-year numbers for 2012. Expectations are for a decline as a result of fiercer competition in its northern heartland. CMC Market’s price on WM Morrison is 276.97-277.63p.
Transport firm Go-Ahead reports full-year figures on Thursday, and the general expectation is that the trains and buses are still running on time for the company. Even with a difficult economic backdrop, Go-Ahead seems to be prospering. Some will be hoping that the company will reward shareholders by boosting its dividend payment. IG Index’s price on Go-Ahead is 1,289-1,303p.
Earlier in the year, Marks & Spencer hit the headlines for all the wrong reasons: the iconic retailer announced its worst quarterly drop for three-and-a-half years. Shares have been stuck in a sideways trading channel for over three years now. There has hardly been a break below 300p, or a move above 400p. The stock has had a boost as rumours began to swirl that M&S is, once again, a takeover target. The shares subsequently rose from the bottom of its range. But last week investors began to take profits as speculation died down. GFT Markets is quoting a price of 357.05-357.96p for Marks & Spencer.
Sports Direct International will release its trading update on Thursday. Analysts expect that the sports retailer will have capitalised on a strong Olympics-fuelled trading period. The stock is trading close to its all-time high and, with a resistance level of 316p, investors may look to add this stock to their portfolios on any dips. Spread Co quotes a price of 308.75-309.25p for Sports Direct International.