Helios Towers is expected to underline strong revenue growth in its results for the year ending December 31, 2022.
Following a strong third quarter and noting a “robust” commercial pipeline, the Africa-focused telecoms towers operator raised its tenancy guidance to between 1,400 and 1,700 units (previously between 1,200 and 1700).
However, increased power prices are expected to result in an Adjusted EBITDA margin guidance of 50-51%, down from 53.6% in 2021.
Although rising bond yields may prove a headwind on the group’s share price in the short term, analysts maintain a buy rating at a 170p price target.
Thursday is also a big ex-dividend day, with NatWest, M&G, Haleon, Anglo American, Segro and CRH all trading without their latest payout, something expected to knock around 10 points off FTSE 100 at the open.
Major announcements due
Finals: Bridgepoint Group PLC (LSE:BPT), Capital Limited (LSE:CAPD) PLC, Centamin PLC (LSE:CEY, TSX:CEE, OTC:CELTF), Deliveroo PLC (LSE:ROO), Empiric Student Property PLC, Eurocell PLC (LSE:ECEL), Gem Diamonds Ltd, Gym Group PLC, Helios Towers PLC (LSE:HTWS), OSB Group PLC (LSE:OSB), PensionBee Group PLC (LSE:PBEE), PYX Resources Ltd (LSE:PYX, NSX:PYX), Rentokil Initial PLC (LSE:RTO), Restore Plc (AIM:RST), Savills PLC (LSE:SVS), TI Fluid Systems PLC (LSE:TIFS), WAG Payment Solutions PLC (LSE:WPS)
Interims: Gelion PLC (AIM:GELN)
Trading updates: Halma PLC (LSE:HLMA), Investec PLC (LSE:INVP)
AGMs: Athelney Trust PLC (AIM:ATY)
Economic announcements: Building Permits (US), Continuing Claims (US), Housing Starts (US), Import and Export Indices (US), Initial Jobless Claims (US), Philadelphia Fed Index (US)
Ex-dividend: NatWest Group, SEGRO, Anglo American, Haleon, CRH