City expects Bass to change its name

City analysts believe Bass may change its name to reflect its move away from brewing.

City analysts believe Bass may change its name to reflect its move away from brewing.

There is also speculation that talks of a demerger will dominate Thursday's interim results.

The company is expected to report pre-tax profits of between £320 million and £340 million for the six months to March 2001. This compares with pre-tax profits off £324 million for the same period last year.

Analysts expect a rise in the interim dividend to around 10.5p a share, compared to 10.1p last time.

The group sold its Bass Brewers arm for £2.3 billion last year. In February the company revealed that trading for the first 16 weeks of the financial year is in line with expectations.

Analysts will be looking to see if the group's North American hotel operations are being affected by the U.S. slowdown.

Like-for-like sales in the retained pub and restaurant estate will be scrutinised following the recent sale of almost 1,000 outlets.

Stockbrokers Williams de Broe expect an interim pre-tax profit of £330 million, which would give earnings of about 27.6p a share.

Bass is now increasingly focused on its core hotels, it recently bought the Posthouse chain for £810 million, and branded retail operations.

Newly-appointed chief executive Tim Clarke is thought to be keen for a demerger. Some industry analysts reckon a demerger of its branded pub and restaurants division - which include the All Bar One, O'Neill's and Harvester chains - could create a new company worth £3 billion.

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited