Monday, December 17, 2012

What's in store today...

We will find out on Tuesday whether a little Christmas cheer can be delivered in the form of a fall in inflation, and Keller Group (KLR) will release a pre-close update.

Recent news: Keller's November interim management statement indicated strong trading in the four months to October. Progress was being driven by its North American operations which was benefiting from "gradual improvement in construction markets". Asia was also trading well, Australia was ahead of last year and emerging markets were resilient.

Analysts' expectations: "While many of its end markets remain difficult, early action on costs and improving efficiency is working. We expect confirmation of a good year with the pre-close update. We also upgrade our forecasts and target price to reflect this improvement," say analysts at Panmure Gordon.

"Following the November interim management statement we belatedly update our forecasts. Our new 2012 full-year pre-tax profit is

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