logo-loader

Week Ahead: Did the poor UK summer boost holiday companies?

Last updated: 08:32 20 Sep 2015 BST, First published: 07:32 20 Sep 2015 BST

shutterstock_280636100

With the Fed decision in the rear-view mirror, we move onto a new week and holiday companies are likely to draw the eye of some.

Thomas Cook is releasing its full year pre-closing trading update on Thursday after management revised down expectations in its third quarter review by around £25mln due to the tragic events in Tunisia and concerns regarding Greece's potential exit from the Euro.

Keith Bowman at Hargreaves Lansdown said: “Nonetheless, late summer bookings from its UK business may have benefited from the poor weather and the strength of the pound, partly offset by weakness for its German business and weakness in the Euro.”

With companies including Goals Soccer bemoaning the poor UK weather for an uptick in jetsetters, it will be intriguing to see whether Thomas Cook agrees with this sentiment.

In contrast, cruise ship owner Carnival reported it had benefited from rising on-board spending by passengers and lower fuel costs, thanks to the falling oil price in its second quarter.

Graham Spooner at The Share Centre said: “That led to a doubling of revenue in the second quarter so the market will be interested to know if that performance level has continued in the third quarter.”

In economic news, Investec said: “the coming week has a strong political feel to it.”

It opens in the wake of the Greek General Election, with UK political party conferences swinging into session.

 

Significant announcements expected

Monday

Finals: Seeing Machines Ltd (LON:SEE), Finsbury Food Group (LON:FIF), 5 Digital Globe Services Ltd (LON:DGS ), Castleton Technology (LON:CTP).

Interims: Netdimensions (LON:NETD), XLMedia (LON:XLM).

Economic: US – Existing home sales.

Tuesday

Finals: Clinigen Group (LON:CLIN).

Interims: Oxford Pharmascience Group (LON:OXP), Porta Communications (LON:PTCM), Thalassa Holdings Ltd (LON:THAL), Venn Life Sciences Holdings (LON:VENN), AA (LON:AA.), Sphere Medical Holding (LON:SPHR), Nature Group (LON:NGR), Minds + Machines Group Ltd (LON:MMX), Card Factory (LON:CARD), AG Barr (LON:BAG), Horizon Discovery Group (LON:HZD), Clearstar Inc (LON:CLST).

Economic: UK – Public sector finances, EU – Consumer confidence indicator, US – House price index

Wednesday

Finals: Smiths Group (LON:SMIN), Pan African Resources (LON:PAF).

Interims: Styles & Wood Group (LON:STY).

Trading statement:  United Utilities Group (LON:UU.).

Economic: UK – Mortgage lending figures, US – Mortgage applications, Crude oil inventories.

Thursday

Interims: Dolphin Capital Investors (LON:DCI), SciSys (LON:SSY), SVG Capital (LON:SVI).

Trading statement:  Thomas Cook Group (LON:TCG), Euromoney Institutional Investor (LON:ERM), Daily Mail and General Trust (LON:DMGT).

Economic: US – Durable goods orders, Initial jobless claims, New home sales.

Companies trading ex-dividend: Oxford Instruments (LON:OXIG), Pendragon (LON:PDG), Old Mutual (LON:OML), Norish (LON:NSH), Ladbrokes (LON:LAD), Murray Income Trust (LON:MUT), Playtech Ltd (LON:PTEC), Quarto Group (LON:QRT), Vitec Group (LON:VTC), Wynnstay Group (LON:WYN), Servelec Group (LON:SERV), Small Companies Dividend Trust (LON:SDV), Redrow (LON:RDW), Stadium Group (LON:SDM), Aquatic Foods Group (LON:AFG), Hargreaves Services (LON:HSP), Capital Lease Aviation (LON:CLA), Crest Nicholson Holdings (LON:CRST), Bovis Homes Group (LON:BVS), Best Of The Best (LON:BOTB), Avarae Global Coins (LON:AVR), Boot (LON:Henry), (LON:BHY), Henderson High Income Trust (LON:HHI), Consort Medical (LON:CSRT), Essentra (LON:ESNT), Gamma Communications (LON:GAMA), Diverse Income Trust, (LON:DIVI), EMIS Group (LON:EMIS), Drax Group (LON:DRX), Dignity (LON:DTY), Severstal (LON:SVST).

Friday

Finals: Asian Citrus Holdings Ltd (LON:ACHL).

Economic: EU – M3 Money supply, US – GDP (final)

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

1 hour, 43 minutes ago