Momentum builds in London’s autumn financial announcements this upcoming week. However, from the renowned ‘magnificent seven’ in the US, Tesla and Netflix stand out prominently as the US earnings announcements gain traction.
Key sectors in the spotlight include finance, leisure & hospitality, property development, and mining. Companies to watch out for include LSE Group, Deliveroo, Whitbread, IHG, Rank, Bellway, Barratt, Rio Tinto, and BHP.
Economic indicators from the UK such as inflation and wage data will be under the lens, potentially solidifying the belief that the peak of interest rates has been reached. For a deeper dive, see the macroeconomic preview.
Monday, 16th October
What’s on the agenda:
- Early on, house price data will be a point of interest for both investors and property owners. This sets the stage for construction companies announcing updates as the week unfolds.
- Even though corporate news might be sparse, Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) is likely to catch eyes, having announced record revenues for the last fiscal year.
Companies reporting:
- Finals: Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), Tristel PLC (AIM:TSTL)
- AGMs: Let’s Explore Group PLC
- Economic Updates: Rightmove house price index (UK)
Tuesday, 17th October
What’s on the agenda:
- Bellway commences the housebuilding announcement season. More details are available in the preview section.
- Later, key Wall Street institutions, including Goldman Sachs (NYSE:GS) and Bank of America, will present their earnings.
Companies reporting:
- Trading Updates: Integrafin Holdings PLC, Jupiter Fund Management PLC (LSE:JUP), Rio Tinto PLC (LSE:RIO), Vanquis Banking Group PLC, Ninety One PLC (LSE:N91)
- Interims: Smartspace Software PLC (AIM:SMRT), BP Marsh & Partners (AIM:BPM) PLC
- Finals: Bellway PLC (LSE:BWY), EnSilica PLC (AIM:ENSI), Revolution Bars Group PLC, Seraphim Space Investment Trust PLC (LSE:SSIT)
- US Earnings: Bank of America Corp (NYSE:BAC), Goldman Sachs (NYSE:GS), Johnson & Johnson (NYSE:JNJ)
- AGMs: Diverse Income Trust PLC, Gateley Holdings PLC (AIM:GTLY)
- Economic Updates: Claimant Count Rate (UK), Unemployment Rate (UK), Retail Sales (US), Capacity Utilization (US), Industrial Production (US), Business Inventories (US)
Wednesday, 18th October
Highlights:
- In 2023, Whitbread secured its spot amongst the FTSE 100’s top ten performers, earning the admiration of analysts especially given the challenging environment for consumer-centric companies. [Preview link]
- Prominent miners, Antofagasta and BHP, are slated to unveil operational insights. Projections suggest a rise in copper production while iron ore and coal figures may remain unchanged.
- Post-market closures in London and New York, Tesla and Netflix are expected to share their updates. Tesla’s recent price cuts contrast Netflix’s upcoming price hikes. As Tesla discloses its report, eyes will be on how it fares in comparison to its recent production and delivery stats. [Preview link]
- Netflix’s Q3 results are anticipated to reflect growth in both revenue and profits. [Preview link]
Other Reports:
- Trading Updates: Antofagasta PLC, Barratt Developments PLC, Liontrust Asset Management PLC, Quilter PLC, RHI Magnesita NV, Segro PLC, BHP Group Ltd, Wandisco PLC
- US Earnings: Morgan Stanley, Proctor & Gamble Co, Netflix Inc, Tesla Inc
- AGMs: Ashmore Group PLC
- Economic Announcements: Various indexes from the UK, US, and EU including Consumer and Producer Price Indexes, and Housing Starts.
Thursday, 19th October
Highlights:
- Diverse updates are expected, from financial powerhouses like LSE Group and Hargreaves, to consumer-centric entities like casino owner Rank and tech platform Deliveroo.
- Ahead of its Q3 outcomes, London Stock Exchange Group PLC has received optimistic sentiments from UBS, even amidst a slowdown in local listings. [Preview link]
- Hargreaves Lansdown PLC finds itself in a more skeptical spotlight. [Preview link]
- Deliveroo PLC, after raising its profit predictions in its previous update, continues its ascent. [Preview link]
- Rank Group PLC’s H1 profits were impacted by inflation, but this very challenge underscores a potential resurgence in future earnings. [Preview link]
Other Reports:
- Trading Updates: Dunelm Group PLC, Mondi PLC, Network International Holdings PLC, PensionBee Group PLC, Rathbones Group PLC
- Interims: Centamin PLC, Gear4Music (Holdings) PLC, Rentokil Initial PLC, Triple Point VCT 2011 PLC
- US Earnings: AT&T Inc, Blackstone Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Co Ltd, Intuitive Surgical Inc
- AGMs: Argo Group Ltd, Bridgepoint Group PLC, Pantheon International PLC, Rank Group PLC
- Economic Announcements: US metrics including Initial Jobless Claims and Existing Home Sales.
Note: Ex-dividends will reduce the FTSE 100 by 1.80.
Friday, 20th October
Highlights:
- IHG’s update is on the horizon. [Preview link]
Other Reports:
- Trading Updates: InterContinental Hotels Group PLC, Record PLC, Foxtons Group PLC
- US Earnings: American Express Company, Schlumberger NV
- AGMs: GSTechnologies Ltd
- Economic Announcements: UK metrics including GFK Consumer Confidence and Retail Sales, along with the US Budget Statement.
