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March 30, 2015

Tuesday's agenda: Kingfisher blue over Mr Bricolage

With the collapse of the deal to acquire French DIY chain Mr Bricolage, the focus may well be on the performance of Kingfisher’s French brands in Tuesday’s full-year results.

The company’s new chief executive, Veronique Laury, comes from the Castorama side of the business, rather than the B&Q end, and she may use the occasion of the results and the clean slate offered by the ending of the Mr Bricolage deal to offer some hints on the direction in which she intends to take Kingfisher.

Chesnara is a favourite stock of the income investor and so for investors the key thing is whether the life assurance firm can keep the cash rolling in to support the generous dividends.

Sheridan Admans, investment research manager at The Share Centre, says investors will be looking for evidence that the company can continue to deliver healthy cash generation and operational performance.

“However, investment market conditions over the fiscal year may weigh,” he suggested, adding: “Investors will also be looking for an update on how the group’s cost cutting is developing, how its acquisition of Dutch company Waard Group in December is progressing and how its search for additional acquisitions is going.”

Significant announcements expected

Finals: Ocean Wilson Holdings (LON:OCN), LiDCO Group (LON:LID), Kingfisher (LON:KGF), Chesnara (LON:CSN), e-Therapeutics (LON:ETX).

Interims: James Halstead (LON:JHD), Inland Homes (LON:INL)

Trading statement: Thomas Cook Group (LON:TCG), MITIE Group (LON:MTO).

Economic: UK - GfK Consumer confidence, Gross domestic product. EU - Eurozone unemployment, Eurozone consumer prices. US - Consumer confidence. @MasterMetals MasterMetals Blog

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