Nick Raynor, investment adviser at The Share Centre, gives his thoughts on what to expect from companies announcing results next week. (w/c 13 June 2011)

Tuesday 14 June 2011

Tesco (TSCO.L) First quarter trading statement

This is the first of the supermarkets to report figures and it will be interesting to see how they have performed during the first part of the year. We expect competition has been tough, but we would be surprised if Tesco has not taken another step forward and pushed profits and turnover even higher.
BUY.

Glencore International (GLEN.L) - First quarter trading statement

This is the first update to come from the mining giant since it entered the FTSE 100. Press coverage has not been great since the flotation so some positive news will be most welcomed. This update may give investors a better understanding of the company and the business it undertakes, as it is not solely a mining operator.
SELL.

Wednesday 15 June 2011

Sainsbury's (SBRY.L) - First quarter trading statement

Sainsbury's has been looking to diversify its offerings to consumers and is looking to offer more financial services; with car insurance the latest to be added. However, investors will be more interested in current trading and how Sainsbury's is comparing to the other major competitors.
HOLD.