The week ahead: Burberry, Ocado, WH Smith, Boohoo, BHP, Antofagasta, UK inflation on the diary
In the next week, earnings season kicks into gear on both the Atlantic and London’s side of the Atlantic. London’s retailers continue to flood the city to update them on their festive trading as well as mining giants and other major FTSE names.
Antofagasta and Centamin are some of the miners. Retailers include Burberry and WH Smith as well as Ocado and Currys. Other notable names include Experia, Pearson and 4imprint.
Macroeconomic news includes US retail and housing data. Official jobs and inflation reports are available ahead of the Bank of England meeting.
MONDAY, 16 JANUARY
Rio Tinto PLC will be the first Footsie miners that provide an update for the year. The sector bounced back at the beginning of 2023, but investors are still unsure how much it is sustainable.
Ashmore Group (LSE: ASHM) will also be making its debut after a rebound in EM debt markets during the fourth quarter.
Peel Hunt, a broker, stated that the challenge lies in converting the quarter’s outflows to inflows after several periods of low sentiment towards the asset classes.
Important announcement expected Monday
Finals: Hercules Site Services PLC (AIM: HERC)
Interims: Knights Group Holdings PLC (AIM: KGH), Net Zero Infrastructure PLC (LSE: NZI)
Trading updates: Ashmore Group (LSE: ASHM) PLC, Rio Tinto PLC (LSE: RIO)
TUESDAY, 17 JANUARY
Ocado Group PLC presents the report on Tuesday that some thought would be coming in December. Based on the prior year’s updates.
Another blue-chip reporter will be Experian (LSE: EXPN), where analysts will focus on outlook comments based to see if its data treasure trove is starting to show warning signs.
The UK will focus on macro issues, including unemployment and wage growth figures over the three months to November. More timely figures on December claimant numbers will also be available. Retail data in the US is expected to be weaker later.
Important announcement on Tuesday
Finals: Crest Nicholson Holdings PLC, Ramsdens Holdings PLC (AIM: RFX), Safestore Holdings (LSE: SAFE)
Trading updates: Experian PLC, Hays PLC (LSE: HAS), Integrafin Holdings PLC, Ocado PLC
AGMs: Egdon Resources PLC, Finsbury Growth & Income Trust PLC(LSE: FGT), Intuitive Investments Group plc (AIM: IIG), Ironveld PLC (AIM: IRON), Troy Income & Growth Trust PLC
Economic announcements Unemployment Rate (UK), Wage growth (UK), Claimant Count (UK), Retail sales (US)
US earnings Tuesday: Alcoa (NYSE: AA), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS)
WEDNESDAY, 18 JANUARY
After November’s consumer price index dropped to 10.7% from 11.1% in November, the big macro story will include UK inflation data. However, there is also a busy City calendar.
This will be another major day for retailers with Burberry, WH Smith, and Currys updating the market. Expectations based on sector peers suggest that the general trend is not as severe as feared.
At least one analyst at Pearson was and predicted that 2023 would be another year of strong growth. The shares were one of the tops (surprise!), performers, last year.
Important announcement on Wednesday
Interims: Gateley Holdings PLC (AIM: GTLY)
Trading updates: Antofagasta PLC (LSE: ANTO), Burberry Group PLC (LSE: BRBY), Currys PLC (LSE: CURY), Diploma PLC (LSE: DPLM), Hochschild Mining PLC (LSE: HOC, OTCQX: HCHDF), Ibstock PLC (LSE: IBST), Pearson PLC (LSE: PSON), QinetiQ Group PLC (LSE: QQ. ), Rathbones Group PLC(LSE: RAT), OTC: RTBBF), Vistry PLC and WH Smith PLC (LSE: SMWH).
AGMs: Diploma PLC(LSE: DPLM), GCM Resources PLC (AIM: GCM) John Lewis of Hungerford PLC (AIM: JLH), Topps Tiles PLC (LSE: TPT), Tracsis PLC, WHSmith PLC
Economic announcements: Consumer Price Index UK, Producer Price Index UK, Retail Price Index UK), MBA Mortgage Applications US), Retail Sales US), Industrial Production US), Business Inventories US, Crude Oil Inventories US
THURSDAY, 19 JANUARY
Deliveroo stated that it had lowered its expectations in its last statement. However, some industry data suggests that could be worse than expected.
Boohoo is expected to perform better than the feared based on data from other clothing retailers, according to one analyst, though still lower than its multichannel counterparts.
Frontier Developments, a games developer, has had shares that have fallen even more than Boohoos over the past 52 weeks. After a profit warning, analysts stated that the model was not in danger but that it ” raises serious questions about the shares.”
Important announcement expected Thursday
Interims: Frontier Developments PLC (AIM: FDEV), Ilika PLC (AIM: IKA, OTCQX: ILIKF)
Trading updates: Bakkavor PLC. BHP PLC. Boohoo Group PLC. Deliveroo Group PLC, Boohoo Group PLC. Dunelm Group PLC. (LSE: DNLM), Centamin PLC. (LSE: CEY, TSX: CEE. OTC: CELTF), Network International Holdings. PensionBee Group PLC. (LSE: PBEE), Premier Foods PLC.
AGMs Botswana Diamonds PLC (AIM: BOD), Scotgold Resources Ltd
Economic announcements RICS Housing Market Survey (UK), Building Permits, Initial Jobless Claims US), Philadelphia Fed Index US)
Ex-dividends for reducing the FTSE 100 by 1.52 points (Compass Grup PLC).
US earnings Thursday Procter & Gamble, NYSE:, Netflix
FRIDAY 20 JANUARY
4imprint Group was one the biggest successes of 2022 with its share increasing by more than 70% in the past year. The promotional merchandise manufacturer predicted that profit would be made in November, according to analysts’ forecasts.
Important announcement expected Friday
Finals: Porvair (AIM: PRV)
Interims TheWorks.co.uk (LSE: WRKS)
Trading updates 4imprint Group Plc (AQSE: FOUR), Close Brothers Group PLC (LSE: CBG), Petershill Partners
AGMs: Character Group PLC (AIM: CCT)
Economic announcements GFK Consumer Confidence, Retail Sales (UK),
US earnings Friday – SLB
