Next week in London’s financial scene, lenders such as Barclays, Lloyds Banking, NatWest, and StanChart will be in the spotlight. Meanwhile, tech giants Microsoft, Meta, Alphabet, and Amazon will headline in the US.
Other notable mentions from the FTSE include British Airways’ parent company IAG, Unilever, which owns brands like Ben & Jerry’s and Marmite, advertising behemoth WPP, online shopping platform Asos, and property developer Vistry.
Economic events to watch include the European Central Bank’s interest rate declaration, US GDP figures on Thursday, the US Fed’s primary inflation indicator on Friday, the postponed UK employment stats on Tuesday, and a series of initial PMI reports.
Monday, 23rd October Company Updates:
- Vistry Group PLC (LSE:VTY) will share an update, following some recent somber reports from competitors that suggest a stagnating housing market. [Full preview available]
Reporting Soon:
- Trade Updates: South32 Ltd (multiple listings), Shanta Gold Ltd (multiple listings)
- Annual Meetings: City of London Investment Group, Mothercare PLC, Oracle Power PLC, Provexis PLC, Naked Wines PLC, Abrdn New Dawn Investment Trust PLC, Finsbury Food Group PLC, Landore Resources Ltd
Tuesday, 24th October Company Updates:
- Barclays PLC (LSE:BARC) is set to report. Despite stable profits over the past two years and increasing interest rates, its shares remain steady from a year ago. [Full preview available]
- As the US earnings season progresses, Microsoft Corporation is expected to lead, accompanied by tech and corporate giants like Alphabet, Spotify, Visa, GM, and Coca-Cola. Noteworthy is the anticipation of positive surprises from Microsoft and strong growth projections for Alphabet.
Reporting Soon:
- Trade Updates: Bunzl PLC, Travis Perkins PLC, WAG Payment Solutions PLC
- Interim Reports: Baillie Gifford China Growth Trust PLC, FD Technologies PLC, Anglo American PLC
- Annual Reports: Scancell Holdings PLC, Softcat PLC, Gattaca PLC
- US Earnings: A mix including Visa Inc, Microsoft Corporation, Snap Inc, General Motors Company, Alphabet Inc, Spotify Technology SA, General Electric, Coca-Cola Company, Verizon Communications Inc, 3M Company, Teladoc Health Inc
- Annual Meetings: Accrol Group Holdings PLC, Adalan Ventures PLC, Oneiro Energy PLC, WH Ireland Group PLC
Economic Data: UK Unemployment figures, Flash PMI reports (UK and US), US House Price Index.
Wednesday, 25th October Company Highlights:
- Lloyds Banking Group PLC, a popular choice among retail investors, is speculated to further enhance its market appeal. [Lloyds’ full preview]
- ASOS PLC, facing setbacks since the pandemic, has shares that are now among London’s most shorted, indicating market skepticism ahead of its full-year results. [Full ASOS report]
- From Wall Street: Boeing releases its earnings pre-market, whereas Meta Platforms and IBM announce post-market.
Scheduled Reports:
- Trade Updates: Fresnillo PLC, Ibstock PLC
- Interims: Bytes Technology Group PLC
- Annual Reports: ScS Group PLC, Virgin Wines UK PLC
- US Earnings: A mix including Meta Platforms, Boeing, IBM, and others.
- Annual Meetings: Hargreaves Services Plc and others.
Economic Insights: US Mortgage Applications, US New Home Sales, and US Crude Oil Inventories.
Thursday, 26th October Company Highlights:
- WPP PLC shares have declined significantly since March, with challenges faced by its smaller competitor, S4, playing a role. [Full WPP report]
- Unilever PLC’s newly appointed chief executive, Hein Schumacher, is anticipated to shed more light on his vision during the Q3 results. [Unilever’s detailed report]
- Amazon.com Inc, with a stock rise of 54% year-to-date, remains a focal point due to its profitability and AI prospects. [Amazon 3Q preview]
Scheduled Reports:
- Trade Updates: Inchcape PLC and others.
- Interims: Bloomsbury Publishing PLC, C&C Group PLC, and others.
- US Earnings: Companies including Intel Corporation, Ford Motor Company, and Amazon.com Inc.
- Annual Meetings: Alumasc Group PLC and others.
Economic Insights: EU Interest rate, US Durable Goods, US Preliminary GDP, and more.
- Dividend Impact: FTSE 100 set to reduce by 1.79.
Friday, 27th October Company Highlights:
- British Airways’ parent company, International Consolidated Airlines Group, faces headwinds due to concerns in the Middle East. [IAG’s full preview]
- Following a previous turbulent report due to an executive scandal, NatWest Group PLC appears to be entering a steadier phase this week. [NatWest’s full preview]
Scheduled Reports:
- Interims: Brown (N) Group PLC, Filtronic PLC
- US Earnings: Including AbbVie Inc, AON PLC, and Chevron Corporation.
- Annual Meetings: KCR Residential REIT PLC and others.
Economic Insights: Various US reports including Employment Cost Index and Personal Spending.
