Agenda: AO, Kingfisher, Majestic, Mothercare and Intu

AO.com

The electricals retailer will report its interim results on Tuesday.

AO, which recently acquired Mobile Phones Direct in a bid to compete with Dixons Carphone, racked up losses at its last full-year results, slipping further into the red despite increased sales as Britain’s Got Talent marketing costs and the weak pound bit into its bottom line.

Bonmarché

The mature fashion retailer also posts its interims on Tuesday.

Bonmarché issued a profit warning at its first quarter, saying full-year profits would come in below expectations because of poor store sales.

It said first-quarter online sales had been “encouraging” and investors will be keen to see whether this has continued, given the volatile market.

Kingfisher

The DIY giant updates the market with its third-quarter results on Wednesday.

Kingfisher’s pre-tax profits crashed at its interims with boss Vèronique Laury blaming the French market for its woes. In the UK and Ireland, like-for-likes shrunk 0.5% but total sales were up 1.3%.

As usual, Screwfix drove growth while B&Q sales declined.

Majestic 

The wine and spirits specialist will report its half-year figures on Thursday.

Majestic reported increased profits and sales at its full-year results, with much of its growth coming from its Naked Wines division. Majestic’s retail profitability was relatively flat, but the retailer attributed this to foreign exchange pressures offsetting better cost control.

Mothercare

The nursery specialist will post its interim results on Thursday.

Mothercare has had a gruelling time of late. It placed nearly half its head office staff into consultation last month and put its Children’s World subsidiary into administration. The business has performed very poorly over the past year and had to pursue a CVA and restructure its finances to stay afloat.

Intu

Thursday also brings the revised deadline for the John Whittaker-led consortium to bid for Intu. The property giant is mulling a takeover by its deputy chair Whittaker and a consortium comprised of Saudi Arabian and Canadian investors.