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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Builders and building materials

Retailers continue Christmas updates, Thursday's agenda

Among those updating the market will be several retailers, including Marks and Spencer Group PLC (LSE:MKS), DFS, Halfords and Tesco.

M&S last year saw its shares tumble back close to all-time lows though it was on the up since the autumn, with one analyst suggesting "a lot of the recent pessimism seems somewhat overdone".

Tesco PLC (LSE:TSCO), on the other hand, has not endured anywhere near as much pain as its more upmarket rival.

And ahead of the trading statement, Goldman Sachs predicted the number-one supermarket group's shares could benefit in the new year after recent positive data seen in the UK sector.

Tesco provides “more upside” potential with its current valuation “compelling” - though some other analysts were less bullish.

ASOS PLC (LSE:ASC) will be with a trading statement for the four months ended 31 December, completing a year that saw the shares plunge over 70%.

Investors no doubt will be interested in how the online clothing retailer fared during the festive period, and whether it was able to provide some form of relief - though analysts have different levels of scepticism.

Significant announcements

Trading updates: ASOS PLC (LSE:ASC), Dechra Pharmaceuticals PLC (LSE:DPH), DFS Furniture PLC, Gym Group PLC, Halfords PLC, Marks & Spencer Group PLC, Persimmon PLC (LSE:PSN), Tesco PLC (LSE:TSCO), Whitbread PLC (LSE:WTB), Wood Group PLC

AGMs: JPMorgan Japanese Investment Trust PLC, Northern Venture Trust PLC

Economic announcements: Consumer Price Index (US), Continuing Claims (US), Initial Jobless Claims (US)

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