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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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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

Aerospace

Rolls-Royce, BAE and Greencoat report plus big day for FTSE 100 ex-divs, Thursday's focus

Defence group BAE Systems PLC (LSE:BA.) was one of the best performing blue-chips of the year, as demand unsurprisingly rose on the back of the war in Ukraine.

The results should be 'solid', according to Barclays.

Over in the energy sector, Drax Group (LSE:DRX) was recently flagged by analysts at JP Morgan for some sizeable upside.

This followed shares in the power stations group receding from late December's three-month highs, which the analysts said looked “an overreaction, in a context where the market did not price in the value of higher power prices to begin with.”

Rolls-Royce Holdings PLC (LSE:RR.) is a retail investor favourite and any backers who got in last autumn are enjoying around 60% gains.

These results and accompanying commentary are going to be crucial for the short-term movement of the shares, UBS said, most specifically “the nature of the commentary from the new chief executive”.

Greencoat UK Wind PLC (LSE:UKW) is also expected to release results, with analysts recently pointing out it has significant surplus cash for reinvestment following its conservative approach to higher wholesale energy prices last year.

Significant announcements expected

Finals: Anglo American PLC (LSE:AAL), BAE Systems PLC (LSE:BA.), Drax Group (LSE:DRX), Driver Group (AIM:DRV), Greencoat UK Wind PLC, Harmony Energy Income Trust PLC (LSE:HEIT), Hikma Pharmaceuticals PLC (LSE:HIK, OTC:HKMPF), Howden Joinery Group (LSE:HWDN) PLC, Mondi PLC (LSE:MNDI), Morgan Sindall Group PLC (LSE:MGNS), Rolls-Royce Holdings PLC (LSE:RR.), Serco Group PLC (LSE:SRP), Spectris PLC (LSE:SXS), WPP PLC (LSE:WPP)

Interims: Genus PLC (LSE:GNS), Hays PLC (LSE:HAS), Made Tech Group PLC (AIM:MTEC)

AGMs: Foresight Sustainable Forestry Company PLC (LSE:FSF), Integrafin Holdings PLC

Ex-dividends to reduce FTSE 100 by: 20.62 points (AstraZeneca, Barclays, Endeavour Mining, GSK, Land Securities, Standard Chartered, Unilever)

Economic announcements: Continuing Claims (US), GDP (Prelim) (US), Initial Jobless Claims (US), Crude Oil Inventories (US)

US earnings: Alibaba Group (NYSE:BABA), Keurig Dr Pepper, Moderna, Newmont, Block, Intuit, Lemonade, Liberty Global (NASDAQ:LBTYA) A, Liberty Global (NASDAQ:LBTYA) C

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