Tuesday preview: N Brown to give trading update

Jul 02, 2012

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N Brown, the internet and catalogues home shopping firm, is to release its interim management statement (IMS) on Tuesday, explaining what trading has been like since the start of its financial year in March.

When reporting its full-year results in May, the group noted challenging market conditions and fragile consumer confidence as current-year headwinds.

However, broker Jefferies said in a research note last month that trading pressures should ease over the year ahead: "Second-half calendar '12 trading conditions should be more disciplined than last year following tighter buying trends across the sector and hopefully no reason for a repeat of the weather induced discounting experienced in 2011.

"Moderating inflation should reduce pressure on UK consumer budgets through this year providing a more robust backdrop. N Brown's decision to ease the credit terms it offers customers should add some self-driven stimulus too."

INTERIMS

St. Modwen Properties

INTERIM DIVIDEND PAYMENT DATE

Victrex

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Auto Sales (US) (15:00)

Factory Orders (US) (15:00)

Goods Orders (US) (15:00)

FINALS

Anite, Polar Capital Technology Trust, The Real Good Food Company

ANNUAL REPORT

Caffyns

IMSS

Brown (N.) Group

SPECIAL DIVIDEND PAYMENT DATE

Octopus Eclipse VCT 2

AGMS

Blackrock Hedge Selector Ltd. Red Part Shs (UK Emerging Co Shs), Brown (N.) Group, JZ Capital Partners Ltd, Orchid Developments Group Ltd.

UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)

M4 Money Supply (09:30)

M4 Sterling Lending (09:30)

Mortgage Approvals (09:30)

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Brammer, Capital Shopping Centres Group, Mears Group, Octopus Eclipse VCT 2, Slingsby H.C

BC

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