Economy

Looking ahead to Reckitt Benckiser Group, Rolls-Royce results

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Economy
Written by Paul Williams   
Friday, 05 February 2010

Hargreaves Lansdown give us a heads up as to what to expect from the FTSE 100 next week.

 

Reckitt Benckiser Group (LON:RB) and Rolls-Royce Group (LON:RR) are both set to report back to the market next week.

Stock brokers Hargreaves Lansdown tell us what to expect:

Reckitt Benckiser Group


Household goods and pharmaceutical giant, Reckitt Benckiser Group, is expected to announce its fourth quarter/full year results on Wednesday.

Reckitt has over recent years built a reputation for consistent and progressive growth, with the company’s late October (2009) third quarter results again confirming the reputation.

Profit again grew ahead of expectations, with sales in the emerging markets providing a key driver. On the downside, uncertainty continues to surround the group’s pharmaceutical operations, with the company’s heroin substitute drug Suboxone facing strong competition in the US,
having recently lost its patent in the country.

The current consensus analyst estimate for full year pre-tax profit stands at around £1.83 billion, an increase of 24.4pc over 2008. Ahead  of the results, market consensus opinion denotes a buy.

Reckitt Benckiser Group shares are lower 0.73% at 3136 at 12:30 GMT.

Rolls-Royce Group


On Thursday, civil and defence aerospace engine manufacturer, Rolls Royce, is scheduled to report its full year results.

The group’s early November (2009) trading update saw the company reporting in linetrading. Profits are expected to be broadly similar to last year (2008), while management continue to express caution with regards to the outlook.

Ahead of the results, the current consensus analyst estimate for full year pre-tax profit stands at around £873m, a fall of just under 1pc.

Recurring service revenues have continued to counterbalance volatile engine sales, although some degree of uncertainty surrounding the
group’s exposure to military sales, given likely medium term UK defence spending cuts, could begin to move into focus. Ahead of the results,
market consensus opinion denotes a hold rating.

Rolls-Royce Group shares are currently lower 1.98% at 479.10.

 

 
 
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