In the upcoming week, the stream of corporate updates intensifies, featuring prominent retailers such as Tesco, Sainsbury’s, M&S, and B&M, as well as high street brands like Greggs, Games Workshop, and Nichols contributing to the surge in news.
The spotlight also falls on housebuilders Persimmon, Taylor Wimpey, and Vistry, who are set to provide insights into a sector where investors are eager for a rebound following last year’s downturn.
Wrapping up the week, the US earnings season commences with a series of major banks and other companies reporting, just a day following the release of US inflation data, which is expected to be the primary macroeconomic highlight of the week.
Monday, January 8
Company Previews: The week typically starts off slow, allowing attention to focus on any developments from the weekend.
In the aerospace and related industries, the inaugural launch of the Vulcan rocket by United Launch Alliance is highly anticipated. This event is significant, especially with joint owners Lockheed and Boeing reportedly nearing a sale. More details are available in the preview.
Other News:
- AGMs: Plus500 Ltd (LSE:PLUS), Velocys PLC (AIM:VLS)
- Economic Data: EU Economic Sentiment and Retail Sales, German Factory Orders
Tuesday, January 9
Company Previews: B&M European Value Retail, a FTSE 100 discounter, is expected to provide an update that could indicate whether there has been a halt in the sales slowdown observed earlier in the year.
Additionally, TDR Capital, the private equity owners of Asda, are scheduled to present evidence to the Commons Business and Trade Select Committee.
Other Reports Due:
- Trading Updates: Foresight Group Holdings Ltd (LSE:FSG)
- Interim Reports: Games Workshop Group PLC (LSE:GAW)
- Final Reports: Shoe Zone
- AGMs: Agriterra (AIM:AGTA) Ltd, Dx (Group) PLC, Genincode PLC, Leeds Group PLC (AIM:LDSG), Smart Metering Systems PLC (AIM:SMS)
- Economic Announcements: BRC Retail Sales (UK), Balance of Trade (US), NFIB Smaller Companies Survey (US)
Wednesday, January 10
Company Previews: J Sainsbury PLC (LSE:SBRY) is set to announce its third-quarter earnings. Recent market data suggests a successful holiday season for the supermarket, reflected in an 18% rise in shares since early November. More details are in the preview.
Following positive updates from Lidl and Aldi, expectations are high for Greggs PLC (LSE:GRG) to deliver a robust quarterly report. Further information is available in the preview.
Persimmon PLC (LSE:PSN), one of the major housebuilders reporting this week, is under investor scrutiny for insights on the current market, especially after last year’s decline in buyer demand and house prices. More details can be found in the preview.
In other news, the tech sector is eagerly awaiting sales figures from Taiwan Semiconductor (TSMC).
Other Reports Due:
- Trading Updates: Hunting PLC, Glenveagh Properties PLC (LSE:GLV), Nichols PLC (AIM:NICL)
- AGMs: Hummingbird Resources PLC (LSE:HUM), Ironveld PLC (AIM:IRON), Reabold Resources PLC (AIM:RBD), Scirocco Energy PLC (AIM:SCIR), Safestyle UK PLC (AIM:SFE), Versarien PLC (AIM:VRS, OTC:VRSRF)
- Economic Announcements: Wholesale Inventories (US), Crude Oil Inventories (US)
Thursday, January 11
Company Previews: Tesco PLC (LSE:TSCO) is set to report its quarterly results, following promising industry data from Kantar, potentially continuing its strong recovery from last year. More information is in the preview.
Marks and Spencer Group PLC (LSE:MKS) enters the retail reporting season, with investors hopeful that a successful holiday season will bolster its global expansion plans, as outlined by chairman Archie Norman. Details are in the preview.
Whitbread PLC (LSE:WTB), owner of Premier Inn, aims for sustained growth, backed by recent analyst upgrades. More insights are in the preview.
Taylor Wimpey PLC (LSE:TW.) also reports, facing similar challenges as its peers but with a more optimistic outlook in its last forecasts. Further details are in the preview.
US inflation data, a major macroeconomic event of the week, is expected to significantly impact the market. More information is available.
Other Reports Due:
- Trading Updates: Grafton Group, Hilton Food Group PLC (LSE:HFG), Reach PLC (LSE:RCH), Robert Walters PLC (LSE:RWA)
- Interims: Knights Group Holdings PLC (AIM:KGH)
- Finals: Ferrexpo PLC (LSE:FXPO), Atrato Onsite Energy PLC (LSE:ROOF)
- Economic Announcements: Consumer Price Index (US)
- Ex-dividends to reduce FTSE 100 by: 1.60
Friday, January 12
Company Previews: Vistry Group PLC (LSE:VTY) follows a bleak trading update and significant asset sale with its latest report, crucial for maintaining investor confidence. More details are in the preview.
John Wood Group PLC (LSE:WG.), specializing in oilfield and carbon capture services, shares its first trading statement since confirming a slower growth yet maintaining its full-year outlook in November. Additional information is in the preview.
The Office for National Statistics is set to release GDP figures, potentially indicating if the UK economy has entered a “technical recession” after a slight decline in third-quarter numbers. More on this in the macro preview.
The US earnings season also begins with reports from major financial and corporate entities.
Other Reports Due:
- US Earnings: Bank of America Corp (NYSE:BAC), Blackrock Inc, Citigroup Inc (NYSE:C), Delta Air Lines (NYSE:DAL) Inc, JP Morgan Chase & Co, UnitedHealth Group Inc (NYSE:UNH), Wells Fargo & Co
- AGMs: Dukemount Capital PLC (LSE:DKE), Ashington Innovation PLC (LSE:ASHI)
- Economic Announcements: Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), University of Michigan Confidence (Preliminary) (US)
