Belgravium Technologies, the specialist designer of real-time data capture systems, issued a positive set of full year results on February 24.

Last year was a good one for the group and it is facing 2005 with confidence.

The business is now concentrating on adapting to customers' demands with increased spend on technical support, marketing and a more focused sales team.

The shares rallied on the announcement, with further impetus coming from a research piece published by analysts at Teather and Greenwood. Although the results came in fractionally below their estimates, which remain unchanged, they rated the shares a "buy" on expectations of upgrades to earnings estimates as we move through 2005.

PM Group, the manufacturer of waste management weighing systems, issued a profit warning last week which saw the shares hit a near 18-month low and volume levels rise to more than 15 times the average levels over the previous five days.

The statement said that sales over the last six months had been lower than anticipated.

At the AGM in November, the chairman, Ken Jackson, indicated that the company expected that changes to the law, which will see some households pay for waste by weight, would drive up demand.

Last week's profit warning was also blamed on political influences, but this time delays in orders from councils due to May's anticipated General Election were held responsible.

PM Group now expects full year results to be significantly below expectations.

Provident Financial and Cattles will both be in focus this month when they issue full year results.

Analysts will be looking for an indication in the results of how the switch to International Accounting Standards will affect them.

It is expected that both companies will see an impact due to changes to the way income is recognised, but more importantly the new standards also calculate bad debt provisions differently.

Analysts expect this to have considerable impact on Provident Financial, Cattles and their peers due to their reliance on the home credit market.

Finally, Yorkshire Water parent company Kelda has begun to fall again following a brief rally in the shares just over a week ago.

Analysts continue to view the sector as overvalued and, as the probability of a further interest rate rise in the UK increases, the high level of gearing (an indication of the level of the company's debt) becomes more of an issue as the cost of servicing this debt increases.

For investors looking for income from equities I prefer Scottish and Southern Energy, although this too is unlikely to offer much capital growth in the near term.