Interserve, the support services and construction company, is conscious of the continuing risks to global economic recovery and believes that it has the capability to double earnings per share over five years. The group is scheduled to release its preliminary results for the year ended December 31, 2011 on February 29, 2012.
Serco, the services group has delivered solid results for the period ended on December 31, 2011. It recorded robust growth in revenues including good organic growth, increased the operating margins and maintained a strong cash generation profile and financing position.
Standard Chartered, the retail and commercial banking giant, is on track to deliver another strong performance for the FY 2011. Ahead of preliminary earnings on February 29, 2012 it secured buy rating from all top brokerage houses such as Nomura Securities, Investec Bank and Seymour Pierce.
Whitbread, which owns Premier Inn, Costa, Beefeater and Brewers Fayre, is confident that it will continue to outperform in the challenging consumer economy based on the strength of its brands and its customer propositions.
The builder of traditional homes reported that its annual pre-tax profits rose 74% for the financial year ended 31 December 2011, as it sold more homes at a wider margins and focuses on increasing profits combined with further improvements in the use of capital. The Group also expects to deliver a strongly increasing return on capital employed in 2012 and beyond.
Serco, a FTSE 100 international service company, has been added in the 'Buy' list by all the UK top brokers as it is expected to deliver the full year results in line with expectations on Tuesday, February 28, 2012.
Ahead of full-year earnings, JP Morgan has assigned "Overweight" rating to the operator of Persimmon Homes, Charles Church, Westbury Partnerships and Space4 as the Group expects to perform in a challenging environment due to the overall economic situation, while the UK housing market remains stable.
Ahead of WSP Group preliminary 2011 results, the UK top brokers Jefferies has recommended 'Buy' rating on the stock, while Espirito Santo has assigned 'Outperform' rating with a target price of 300 pence per share. The consultancy company is scheduled to report its preliminary 2011 results on February 27, 2012.
Credit Suisse and Nomura Securities have set new price targets and recommendations for HSBC Holdings as the global banking and financial services Group is scheduled to release its preliminary earnings for the year ended December 31. 2011, on Monday, February 27, 2012.
Bovis Homes Group, the builder of traditional homes in England and Wales is scheduled to report its preliminary 2011 results on Monday, February 27 amid reports that Citigroup has assigned "Buy" rating on the stock, while Panmure Gordon recommends "Hold" rating with a target price of 450 pence per share.