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PREVIEW; GameAccount Network needs more landmark deals

Other companies reporting include Lloyds Banking, Taylor Wimpey and WPP

Casino
GAN is expected to post a loss for 2015

Business to Business gaming software developer GameAccount Network has been on a roll since announcing a partnership last week with a major casino operator in the south-west of the USA.

Full-year results, therefore, may be less about the rear-view mirror and more about the prospects of more such landmark deals.

The median forecast among analysts that follow the stock is for a pre-tax loss of £5.0mln on reduced revenue of £5.85mln.

House builders have fallen out of favour of late but Numis Securities is expecting Taylor Wimpey to issue a robust trading statement on Thursday.

“We think the bulk of questioning will be on its recent performance in the London housing market, given widespread reports of a slowdown in volumes and prices at the upper price points,” said Numis's Chris Millington.

He thinks Taylor Wimpey has been oversold, in keeping with the wider sector.

“With a forecast yield of 8% for 2017, we think the market is forecasting that market conditions will deteriorate materially. We think the likelihood of this happening against a backdrop of Help to Buy, low interest rates and low levels of stock is low and therefore we think the recent sector sell-off is a good buying opportunity,” he said.

Significant announcements expected

Interims: First Quantum Minerals (LON:FQM)

Finals: Air Partner PLC (LON:AIR), Camellia PLC (LON:CAM), GameAccount Network PLC (LON:GAME), Greka Engineering & Technology Ltd (LON:GEL), Harvey Nash Group plc (LON:HVN), Inspiration Healthcare Group (LON:IHC), London Capital Group Holdings plc (LON:LCG), Oxford Biomedica PLC (LON:OXB), U And I Group PLC (LON:UAI),

Trading update: Aggreko PLC (LON:AGK), Berendsen PLC (LON:BRSN), Cobham PLC (LON:COB), Howden Joinery Group PLC (LON:HWDN), KAZ Minerals PLC (LON:KAZ), Lloyds Banking Group PLC (LON:LLOY), Pendragon PLC (LON:PDG), Schroders PLC (LON:SDR), Taylor Wimpey PLC (LON:TW.), Weir Group PLC (LON:WEIR), WPP group PLC (LON:WPP)

The following widely-held stocks are trading ex-div: Barratt Developments, Cobham, G4S, William Hill, Informa, ITV, Legal & General, National Express Group, Travis Perkins, Unilever, Weir Group, JD Wetherspoon

Economic: EU – Eurozone Sentiment. US – Gross Domestic Production

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