Thursday looks set to be a quiet one, with the corporate calendar looking slim.
That said, whilst early December sees stock market activity start to slow it is peak online shopping – and therefore home delivery – season; so, it probably makes sense that packaging group DS Smith PLC (LON:SMDS) will be in focus.
It has been a stellar year for DS Smith, topped off by its promotion to the FTSE 100, which was confirmed last Wednesday.
Investors will be hoping this recent momentum continues in its half year results, due on Thursday, with the signs looking good in October’s pre-close update, although the mid cap firm didn’t give much away in.
However, all of this, along with a recent broker upgrade, has raised expectations which may be hard to beat, according to Graham Spooner, investment research analyst at The Share Centre.
He said there will also be interest in how the group’s recent US acquisition, Interstate Resources is performing.
Significant events expected on Thursday December 7:
Trading update: S&U PLC (Q2) (LON:SUS)
Economic data: US weekly jobless claims; US Challenger jobs report; US consumer credit