Allied Domecq is expected to announce full-year pre-tax profits on Tuesday up nearly 9% to £492.3m, reports The Business.

The results will be weaker than those of its two major peers, Diageo and Pernod Ricard.

The Independent on Sunday says the big issues for investors will be how convincingly Allied can explain its strategy on wine.

Financial Mail on Sunday, which reports profits will come in at £480m, says much of the gain will be down to the acquisition of two wine businesses over the past year but sales in the US are also thought to have improved.

Deutsche Bank says “hold” and worth a target of 440p.

The Business says many financial pundits were right to wonder why Allied did not get involved in the bidding for Seagram amid fears it would lose the initiative to Diageo and Pernod Ricard.

The Business 27/10/02 page 31 (The best of the brokers)

The Independent on Sunday 27/10/02 page 4 (The Week Ahead)

Financial Mail on Sunday 27/10/02 page 17


The Daily Telegraph 26/10/02 page B2 ( Monday -What the brokers say)