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Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Company
Elementis plc
LON:ELM
Elementis plc is a specialty chemicals company comprising three businesses: Specialty Products, Surfactants and Chromium. Elementis Specialties is a manufacturer of specialty additives.
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Elementis warns on 2019 performance amid “challenging” macroeconomic conditions
“Reflecting broader macroeconomic trends, global market conditions remain challenging, particularly in Coatings. Elementis anticipates further progress in 2019, albeit slightly below expectations”
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FTSE 100 closes in red as China manufacturing data sends chill
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
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Impressive first quarter performance needed from oil giant BP after recent share price rally
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King
Elementis to “rapidly deleverage” as net debt surges after Mondo acquisition
Elementis had to negotiate a US$100mln discount with Mondo Minerals’ bosses last summer after shareholders balked at the original offer
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Direct Line to report higher 2018 profits despite large weather-related claims
The day ahead includes full year results from Direct Line and GVC along with a trading update from Ashtead
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Insurance will be the corporate key in coming week, though US jobs data should be biggest draw
The Week Ahead brings updates from the likes of Aviva, Direct Line, L&G and Admiral, while investors can also bet on Paddy Power Betfair and GVC Holdings
The FTSE 100 survivors and thrivers: Who has stayed on top among the blue-chips?
Since its foundation in 1984, the FTSE 100 has become one of the key barometers of the British economy, however the makeup of its constituent companies is far from the same
Elementis to focus on higher margin growth opportunities after robust third quarter
The chemicals group said its recent acquisition of Mondo Minerals represented “a material new growth opportunity” and that the business was experiencing good momentum going into 2019
Elementis confirms Hurricane Florence impact, North Carolina Chromium facility temporarily shutdown
The facility is expected to come back online at some point in October, and, the impact on group earnings is said to be 'modest'
Elementis cuts up-front price of Mondo Minerals acquisition by US$100mln after investor unrest
The FTSE 250-listed firm said it will now buy the business for US$500m on a cash free, debt free basis, down from the US$600m originally agreed
FTSE 100 closes in the red as miners weigh and wage growth disappoints
The blue-chip index of leading shares closed down almost 31 points at 7,611
Elementis's talcs deal causes a bit of friction
The Personal Care division's revenue was up 45% year-on-year. Coatings revenue was up 5%. The Energy division's revenue was down 8% and the Chromium division's revenue was down 5%
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BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Elementis in big acquisition of Dutch producer of talc additives
Mondo Mineralss has a business model that mirrors Elementis's hectorite operations
Elementis shares rise as chemicals firm reports ‘solid’ start to the year
In a trading update, the chemicals company's CEO, Paul Waterman, said "we are confident of delivering continued progress in 2018, in line with our previous expectations”
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FTSE 100 closes above 7,420 but gains capped by fall in Shell, US trade deficit in goods drops
Imports in the period fell 2.1%, while exports increased 2.4%
Shire takeover talk will overshadow results after Takeda upped the ante
Takeda on Wednesday increased its offer for Shire up to £46bn or £49 per share.
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Lloyds, Barclays, RBS, GSK and Shire kick off earnings season for banks and pharmas
The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell