A quieter week for UK corporate updates still sees some major names step into the spotlight, with Tesco, Bellway, and Halma drawing investor focus. All three face scrutiny over pricing pressures and shifting market conditions.
Meanwhile, FirstGroup and Revolution Beauty are among the other domestic names due to report, while attention abroad turns to earnings from Taiwan Semiconductor Manufacturing Company, Adobe, Oracle, and Inditex.
Monday 9 June
Overseas earnings: Casey’s General Stores
Economic data: China – Inflation
Tuesday 10 June
Bellway provides a trading update as the UK housing sector continues to grapple with uncertainty. Analysts note that falling interest rates and supportive government stances on building regulations may offer some relief.
Scheduled announcements:
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Trading updates: Bellway
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Interims: Diales Group, Porvair, Safestore
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Finals: FirstGroup, GB Group, Oxford Instruments, Vianet Group
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Overseas earnings: Oracle, JM Smucker, Taiwan Semiconductor Manufacturing Company
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Economic data:
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UK – BRC Retail Sales Monitor, Unemployment
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US – NFIB Business Optimism Index, Redbook
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Wednesday 11 June
Revolution Beauty is due to release results amid a formal sale process, following a preliminary bid from an unnamed suitor. This comes just days after the company revealed ongoing discussions with lenders.
Scheduled announcements:
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Interims: Ramsdens, TwentyFour Select Monthly Income Fund
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Finals: Fuller Smith & Turner, Molten Ventures, Revolution Beauty, VP
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Overseas earnings: Chewy, Inditex
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Economic data: US – CPI Inflation
Thursday 12 June
Tesco will issue a first-quarter trading statement after recently warning that increased competition could dent profits in the year ahead. Investors will be watching closely for early signs of margin pressure.
Halma is also set to release full-year results, expected to mark a 22nd consecutive year of record adjusted profits. The group has guided for an adjusted EBIT margin “modestly above 21%” alongside “good” organic revenue growth.
Scheduled announcements:
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Trading updates: Tesco
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Interims: Benchmark Holdings, Crest Nicholson, IDOX
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Finals: Halma, Mind Gym, Motorpoint, Norcros, PayPoint
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Overseas earnings: Adobe, Kroger
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Economic data:
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UK – RICS Housing Market Survey, Balance of Trade, GDP, Index of Services, Industrial Production
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US – PPI, Jobless Claims
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FTSE 100 ex-dividends: Land Securities, JD Sports, Intermediate Capital, Scottish Mortgage (impact: -1.23 index points)
Friday 13 June
Scheduled announcements:
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Economic data:
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EU – Balance of Trade, Industrial Production
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Germany – Inflation
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US – University of Michigan Consumer Sentiment Index, Baker Hughes Rig Count
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