Drop in Prices Expected to Fuel Profit Falls for Oil Firms ; Bp and Royal Dutch Shell Prepare for Bad News After Economic Slowdown Effects
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Summary
A BUSY few days for corporate results will see first-quarter updates from BP and Royal Dutch Shell and full-year figures from leisure group Whitbread.
Hotels and restaurant group Whitbread's annual results tomorrow are likely to show modest growth in profits, despite an increasingly difficult year for the leisure sector.See the full content of this document
Extract
Drop in Prices Expected to Fuel Profit Falls for Oil Firms ; Bp and Royal Dutch Shell Prepare for Bad News After Economic Slowdown Effects
The group is expected to post underlying pre-tax profits of around pounds 221.4m for the year to February 28 - compared with pounds 210.3m the previous year.
Whitbread, which owns the hotel chain Premier Inn as well as coffee busines...See the full content of this document
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