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Blue chips to swerve Thursday’s Brexit fall-out, small caps will be in spotlight

IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
Whatever happens in Wednesday's round of votes will likely dominate early headlines

As the market digests whatever the latest direction of travel in the Brexit process, the City calendar will perhaps refreshingly focus on some of the market’s small-cap names.

The features in the oil and gas sector include a UK shale gas group and an Iraq based oil producer.

Operationally, the dial is finally moving for UK shale as privately owned Cuadrilla has been active in the field - with a well last month yielding production flow testing results, and further progress anticipated in the coming weeks – but, at the same time, the political and public relations landscapes remain more challenging.

Investors in IGas, the primary London listed play on UK shale, will be keen to get the latest steer on what it has in store at the company’s own projects.

Elsewhere, at Gulf Keystone Petroleum, investors will likely scrutinise the producing and financial performance in Kurdistan along with narratives around the company’s growth plans.

Brexit will no doubt be in the front of the minds of Eddie Stobart Logistics shareholders as they dissect the outlook statement when the UK high profile haulage firm reports results tomorrow.

Significant results expected Thursday March 28:

Finals: Arix Bioscience PLC (LON:ARIX), Arbuthnot Banking Group PLC (LON:ARBB), Biome Technologies PLC (LON:BIOM), Eddie Stobart Logistics PLC (LON:ESL), Gulf Keystone Petroleum Ltd (LON:GKP), IGas Energy Plc (LON:IGAS), International Public Partnerships Ltd. (LON:INPP), Intelligent Ultrasound Group PLC (LON:NED), Scisys Group PLC (LON:SSY), Secure Trust Bank PLC (LON:STB), BBGI SICAV SA (LON:BBGI)

Interims: Ceres Power PLC (LON:CWR), Diurnal Group PLC (LON:DNL), Genedrive PLC (LON:GDR), Tritax Eurobox PLC (LON:EBOX)

Ex-dividends to knock 4.5 points off FTSE 100 index: British Land Company PLC (LON:BLND), InterContinental Hotels Group PLC (LON:IHG), Prudential PLC (LON:PRU), Schroders PLC (LON:SDR)

Economic data: US weekly jobless claims

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