We’ve got an interesting week ahead with the likes of Great Portland Estates, Crest Nicholson and Foxtons making announcements on the London Stock Exchange.
Tomorrow housebuilder Crest Nicholson will produce its full year results, giving us a good indication of where the market is. The consensus is pointing to a leap in revenue to £630.67m for the year to 31 October 2014, from £525.70m last time. Earnings per share (EPS) are expecting to grow around 25% to 36.72p. Shares this morning nudged down at 367.8p.
There will be a great deal of interest in Foxton’s trading statement tomorrow. The group has had a rocky ride of late. Having floated at 230p at the end of 2013, it was valued as highly as £1.1bn in February of last year. But shares have plummeted and the estate agent is now valued at £479.7m.
The consensus is for revenues to be up slightly to £143.02m for the year to 31 December 2014, compared to £139.18m last time round. But EPS is expected to drop 8% to around 12.25p. The shares were trading down 2.79% at 165.25p in early trading this morning.
Then, on Thursday, London property giant Great Portland Estates will produce its latest interim management statement, giving a good indication of how the capital’s market is looking. Shares were trading very slightly down at 776p in early trading this morning.