The final week of August is often a quieter spell before September’s volatility. In London, results are due from JD Sports, Prudential, Bunzl and Hochschild Mining.
Internationally, Nvidia’s earnings will be the headline event. At the same time, Chinese heavyweights BYD and CNOOC, along with US companies including HP, Dell, CrowdStrike, Snowflake, Best Buy, Dick’s Sporting Goods and Dollar General, will also report.
Market Diary – Week of 25–29 August 2025
Monday 25 August
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UK Bank Holiday
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Economic data: US New Home Sales, US Building Permits
Tuesday 26 August
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Company focus: Bunzl PLC (LSE: BNZL) reports after its April profit warning, which halted the share buyback and knocked shares back to 2021 levels. The Q2 update in June steadied nerves, with management stressing recovery measures. Investors will watch whether downgraded guidance of “moderate revenue growth” is reiterated, with £11.8bn sales and ~8% operating margins last year. Analysts expect guidance to hold despite “deeply unhelpful” trading conditions in North America and the UK.
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Announcements expected:
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UK: Interims – Ashtead Technology, Bunzl, MTI Wireless Edge, Prudential
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Overseas: Coles
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Economic data: BRC Shop Price Index (UK), US Durable Goods, US S&P/Case-Shiller Home Price Index, US Consumer Confidence
Wednesday 27 August
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Company focus: JD Sports Fashion PLC (LSE: JD.) issues a Q2 trading statement. Investors will scrutinise the impact of tariffs and US margin performance following the July 2024 acquisition of Hibbett, which made the US JD’s largest revenue stream (37%). Tariff exposure and pricing strategy will be in focus, as JD has resisted discounting despite competitive pressure.
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Global highlight: Nvidia Corp (NASDAQ: NVDA, ETR: NVD) posts earnings after the New York close. China remains a central theme, with reports of Beijing urging domestic firms to limit reliance on Nvidia even as sales of its restricted H20 chip resume.
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Announcements expected:
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UK: Trading update – JD Sports; Interims – Hochschild Mining
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Overseas: Abercrombie & Fitch, Agilent, Best Buy, BYD, CrowdStrike, Eiffage, HP, JM Smucker, Kohl’s, NetApp, Ping An, Snowflake
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Economic data: CBI Distributive Trade (UK), US Oil Inventories
Thursday 28 August
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Announcements expected:
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UK: Interims – Chesnara, Hunting, MacFarlane Group, PPHE Hotel Group, Puretech Health; Finals – South32
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Overseas: Brown-Forman, Brunello Cucinelli, Campbell Soup, China Life, CNOOC, Dell, Delivery Hero, Dick’s Sporting Goods, Dollar General, Hormel, Marvell, Pernod Ricard
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Ex-dividends: FTSE 100 set to fall ~4.3 points (Aviva, Glencore, Croda International, LondonMetric Property, Auto Trader, Alliance Witan, Games Workshop)
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Economic data: EU Economic Sentiment, US GDP
Friday 29 August
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Macro focus: US PCE inflation, still running above target at 2.8%. Analyst Michael Hewson (MCH Market Insights) notes that recent sharp PPI increases may make the Fed more cautious at its September meeting despite political pressure for swift cuts.
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Announcements expected:
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Overseas: Cosco Shipping, Frontline, SAIC Motor
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Economic data: UK Car Production, UK Nationwide Housing Prices, US Core PCE Price Index, US Goods Trade Balance, Japan Unemployment, Japan Retail Sales, Japan Industrial Production
