Company results and updates for w/c 20 July 09

A review of some of the FTSE 100 company results and updates planned for next week – Domino’s Pizza, GlaxoSmithKline, Carphone Warehouse and Vodafone – including latest share prices.

Domino’s Pizza

With ‘eating in’ the new ‘going out’ Domino’s Pizza are a company enjoying increased returns as a result of the recession. The company reports its interim results on Monday and is expected to build on the 9% rise in like-for-like sales it previously reported.

Domino’s Pizza share price (DOM) at close 17 Jul – 219.50p.

DOM – share BUY.

GlaxoSmithKline

There is the inevitable interest in drug companies as the swine flu pandemic continues.

GlaxoSmithKline have the swine flue anti-viral drug Relenza, albeit they have previously announced limited supplies of this.

The swine flu issue aside, GSK performance has been disappointing in the US, albeit supported by good performance across other areas, including Europe.

So in their interim results on Wednesday it will be interesting to hear their second half forecast.

GlaxoSmithKline share price (GSK) at close 17 Jul – 1,112.00p

GSK – share BUY.

Carphone Warehouse

Carphone Warehouse reports its first quarter results on Thursday. It has successfully completed its acquisition of Tiscali UK.

There is speculation about what it will do with the TV service it has acquired as a result.

Whilst a very competitive market, it could possibly look to develop Tiscali TV as a standalone entity, or it could join forces with the joint venture between the BBC, ITV and BT as part of Project Canvas.

Alongside this, it is already working on the demerger of TalkTalk, the broadband and phone provider, schedule for March next year.

There’s a lot going on and some ambitious plans, albeit in a highly competitive market, so it will be interesting to hear what is announced on Thursday.

Carphone Warehouse share price (CPW) at close 17 Jul – 164.5p

CPW – share BUY.

Vodafone

Vodafone releases an interim statement on Friday.

There is some concern that Vodafone is losing market share – UBS has recently downgraded its rating.

The recession is not helping to support revenue on voice and messaging.

Speculation remains around Vodafone making a bid for T Mobile, which if it happened would give Vodafone 40% market share of UK mobile revenue.

Vodafone share price (VOD) at close 17 Jul – 113.15p

VOD – share HOLD

Investors should of course make their own judgements on buying or selling shares and if in doubt seek independent financial advice.