Markets brace for busy earnings week ahead of Trump’s 1 August tariff deadline
The week ending 1 August is set to be one of the busiest of the season, with a wave of major corporate earnings on both sides of the Atlantic and growing focus on Donald Trump’s potential tariff decision.
In the UK, attention turns to the FTSE 100’s three largest companies—AstraZeneca, Shell and HSBC—all reporting in the coming days. Other key names include:
-
Pharma: AstraZeneca, GSK
-
Banking: Barclays, HSBC, Standard Chartered
-
Defence & Aerospace: BAE Systems, Rolls-Royce, Melrose Industries
-
Other majors: Shell, Glencore, Unilever, Next, Entain
In the U.S., four of the “Magnificent 7”—Apple, Microsoft, Amazon and Meta—are set to report, with their results likely to influence broader market sentiment. Meanwhile, the upcoming Federal Reserve policy decision is expected to dominate headlines, as investors look for signals on interest rates amid mixed economic data.
With geopolitical and macroeconomic uncertainty swirling, this week’s earnings and policy updates could set the tone for markets heading into August.
Monday, 28 July
UK Corporate:
-
Trading Update: Cranswick
-
Interims: Primary Health Properties, RTC Group, Science Group, Valterra Platinum
Economic Data:
-
UK: CBI Distributive Trades Survey
Tuesday, 29 July
Key UK Reports:
-
AstraZeneca: Interim results; attention on US investment plans and tariff risks
-
Barclays: Results follow strong UK bank earnings and Wall Street trading momentum
-
Entain: Q2 results; upbeat outlook from Citi analysts
Other Announcements:
-
Trading Updates: AG Barr, Entain, Paragon Banking, SSP Group
-
Interims: AstraZeneca, Barclays, ConvaTec, Croda, Essentra, Greggs, Inchcape, Morgan Sindall, Restore, Shaftesbury Capital, Staffline, Sthree, Unilever, Canal+
-
Finals: Altitude Group, Games Workshop, IG Design Group, NWF Group
Overseas Earnings (Pre-market):
-
Boeing, PayPal, P&G, Spotify, UnitedHealth
(After-hours): -
Booking, MARA Holdings, Mondelez, Starbucks, Teladoc, Visa
Economic Data:
-
UK: BRC Shop Price Index, Mortgage Approvals, Consumer Credit, M4 Money Supply
-
US: House Price Index, Consumer Confidence
Wednesday, 30 July
Key UK Reports:
-
HSBC: Interims; leadership transition and potential asset sales in focus
-
BAE Systems: Strong defence demand; shares up 60% YoY
-
GSK: Oncology pipeline concerns following US regulatory setback
-
Glencore: Struggles continue; production ramp-up expected H2
Other Announcements:
-
Trading Updates: GSK, Sage Group, Oakley Capital, Strix Group
-
Interims: HSBC, BAE, Glencore, Alfa Financial, Aston Martin, Bodycote, Hostelworld, Taylor Wimpey, SEPLAT Energy, Franchise Brands, Greencoat UK Wind, RHI Magnesita, Rathbones, Man Group, Rio Tinto, Conduit Holdings
Finals:
-
Hargreaves Services, Ondo Insurtech, SDI Group
Overseas Earnings (Pre-market):
-
ADP, Etsy, Fiverr, Kraft Heinz, Takeda
(After-hours): -
Microsoft, Meta, ARM Holdings, Ford, Markel, Qualcomm
Economic Data:
-
EU: Business Climate, Economic & Consumer Confidence
-
Germany: Retail Sales
-
US: Mortgage Applications, Pending Home Sales, Crude Oil Inventories
-
Fed Rate Decision expected (no cut forecasted)
Thursday, 31 July
Key UK Reports:
-
Rolls-Royce: Turnaround continues under Erginbilgic; 800% rally since 2023
-
Shell: Lower Q2 output; Nigeria asset sale, maintenance drag
-
Next: Q2 impacted by front-loaded Q1 summer sales
-
Unilever: H1 under pressure; Asia growth hopes in focus
Other Announcements:
-
Trading Updates: Next, Shell, Pets at Home, Endeavour Mining
-
Interims: Melrose, LSEG, Anglo American, BAT, Drax, Elementis, Haleon, Hammerson, Helios Towers, JTC, Mondi, Rentokil, Robert Walters, Schroders, SEGRO, St James’s Place, Weir Group, Schroder Oriental Income, Coats, Aberdeen Group, Standard Chartered, Unilever
Ex-dividend:
-
Lloyds Banking Group
Overseas Earnings (Pre-market):
-
AbbVie, Bristol-Myers Squibb, Mastercard, Willis Towers Watson
(After-hours): -
Apple, Amazon, Cloudflare, Illumina, Riot Platforms, Strategy
Economic Data:
-
UK: Nationwide House Price Index
-
EU & Germany: Unemployment Rate
-
US: Jobless Claims, PCE, Personal Income & Spending, Chicago PMI
Friday, 1 August
Key UK Reports:
-
IAG (British Airways): H1 earnings; focus on shareholder returns, fuel cost pressures
-
Pearson, Intertek, IMI: Interims
Overseas Earnings (Pre-market):
-
Chevron, ExxonMobil, Moderna
-
AMC Entertainment
Economic Data:
-
EU, UK, US: PMI Manufacturing
-
US: Non-Farm Payrolls, Construction Spending, ISM Manufacturing, University of Michigan Confidence
