Companies 報告（する）／憶測ing this week

By This Is Money
Updated: 00:00 BST, 20 February 2004

?

BANKS, 保険会社s and publishers are の中で a 列 of 最高の，を越す-flight 法人組織の／企業のs 推定する／予想するd to turn in 十分な and half-年一回の results.

投資家s will have plenty to digest when brewer Scottish & Newcastle 報告（する）／憶測s results for the eight months to 31 December on Monday.

The company h as recently offloaded its pubs 分割 for £2.5bn and taken steps to shake-up its 操作／手術s with a 議論の的になる 決定／判定勝ち（する） to sell its 150-year-old Fountain brewery in Edinburgh. These moves に向かって a leaner S&N have done little to 鎮圧する market 憶測 that the group could be about to play some part in the consolidation of the 部門.

Pre-税金 利益（をあげる）s are 推定する／予想するd to 落ちる to £430m from £467m last time. 分析家s will be 特に 利益／興味d in the 可能性のある for その上の cost 貯金 and 改善するd 利益（をあげる）s in the UK beer 分割 Scottish Courage.

Prudential 投資家s will be を締めるd for a 堅い day on Tuesday as 十分な-year results from the 保険会社 are 始める，決める to be …を伴ってd by a 削減（する） in the 年次の （株主への）配当 and an 告示 on 特別手当s.

The Pru said last year that it 推定する／予想するs a 40% 削減 in its 年次の （株主への）配当 to 16p - the first （株主への）配当 削減（する） since 1914. And long-称する，呼ぶ／期間／用語 savers will be waiting to see if the 保険会社 削除するs 特別手当s on with-利益（をあげる）s 政策s or keeps them on 持つ／拘留する to 反映する 回復するing markets.

The market will also be watching for news on discussions over a possible sale of Prudential's 79% 火刑／賭ける in online bank Egg. Prudential is 推定する／予想するd to turn in pre-税金 利益（をあげる）s of £869 million, compared with £1.13 billion 以前.

Norwich Union owner Aviva has already told the City that it 推定する／予想するs operating 利益（をあげる）s to be ahead of previous 期待s - up 12% to £1.9bn.

にもかかわらず the 改善するd 業績／成果, Aviva 発表するd in December that it would 削減（する） 2,350 職業s and '輸出（する）' work to India. It later said it would 削減（する） its Hill House Hammond 保険 intermediary, with the loss of up to 1,600 職業s.

Aviva has already published its 2003 商売／仕事 numbers and these were good in the light of difficult 公正，普通株主権 markets. Sales of life and 年金s 製品s were little changed, while 投資 製品s were on the 増加する.

投資家s and 分析家s will be hoping to get a 'clean 始める，決める of 人物／姿／数字s' from defence and 航空宇宙学 group B AE Systems on Thursday. BAE has already said it 推定する／予想するs operating 利益（をあげる）s to be flat against 2002, with some growth 相殺する by the weak dollar and higher 年金 costs.

分析家s say an absence of 汚い surprises such as exceptional one-off 準備／条項s relating to major 契約s, which have 原因（となる）d a low 率ing on the group in the past, would 上げる the 管理／経営's 信用性. Attention will 焦点（を合わせる） on the group's 査定／評価 of 進歩 in its programmes 分割, with the main 不確定 存在 Eurofighter 配達／演説／出産s.

News on 進歩 in the 追跡（する） for a 交替／補充 for 現在の chairman Sir Richard Evans will also be welcomed. The group is 推定する／予想するd to 報告（する）／憶測 十分な-year 利益（をあげる）s of £770m against £796m last time.

Also on Thursday, mortgage bank Abbey 国家の will have the 適切な時期 to update 投資家s on its 進歩 since shocking the market with 年次の losses of £984m last year. This time losses of up to £240m are 予測（する）.

小売 banking, which is at the 最前部 of the new-look company's 焦点（を合わせる）, is 推定する／予想するd to produce few 貿易（する）ing surprises. The market will be watching out for its 株 of the mortgage market and any 調印するs of 拒絶する／低下するing 利ざやs.

投資家s will also be 捜し出すing more news about 処分s by the bank's former 卸売 arm - the 大臣の地位 商売／仕事 部隊 - 特に the sale of rail-賃貸し（する）ing 商売／仕事 Angel Trains.

They will also want news on unrealised 伸び（る）s or losses on divestments and 詳細（に述べる）s about when proceeds are going to be returned to 株主s.

The market will be keeping an 注目する，もくろむ out for 証拠 of slowing 勢い at HBOS when the Halifax and Bank of Scotland group 報告（する）／憶測s its 決勝戦 on Wednesday.

Growth in mortgages, 利益／興味 利ざやs and market 株 are 推定する／予想するd to come under scrutiny, although bad 負債s are 推定する／予想するd to remain low.

全体にわたる, the results - which are tipped to 含む a rise in 利益（をあげる）s to £3.8bn from £3.54bn 以前 - should show strong 歳入 勢い 親族 to its peer group .