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The Markets
by Proactive
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

Manufacturing & engineering

PMI figures, Pearson and Rightmove rounds of a busy week on Friday

Pearson PLC (LSE:PSON) and Rightmove PLC (LSE:RMV) wrap up the week.

The former was one of the blue-chip stand-outs in 2022 and recently suggested it had finished the year in mixed style, though with profits higher than previously guided.

Hargreaves Lansdown analysts said the education group has "displayed some impressive momentum in its digital transformation and investors will want evidence this is being maintained", with shares up by 47% over the past year to make it the second biggest gainer on the FTSE 100.

Friday may have the biggest macro data of the new month, with purchasing managers' index surveys for the UK and other major economies.

The most recent PMI numbers all pointed to an improvement in economic activity at the start of the new year, with a slightly improved economic outlook in Europe and the UK that is expected to continue to be reflected in the latest services PMI update.

UK and the major EU economies are all expected to show an improvement as the decline in energy prices eases the pressure on consumer wallets.

In the US, it will be the ISM report that is the main event, having jumped from 49.6 in December to 55.2 last month. A modest slowdown to 54.4 from 55.2 is expected with the employment component also likely to be a leading indicator for next week's delayed US non-farm payrolls report.

Significant announcements

Finals: Faron Pharmaceuticals OY, IMI PLC (LSE:IMI), Pearson PLC, Rightmove PLC, Vesuvius Plc (LSE:VSVS)

Interims: Avation PLC (LSE:AVAP)

AGMs: Guild Esports PLC (LSE:GILD, OTCQB:GULDF)

Economic announcements: PMI Composite (UK), PMI Services (UK), PMI Composite (US), PMI Services (US), ISM Prices Paid (US), ISM Services (US)

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