As investors wind down from both the US and Bank of England’s interest rate decisions this week, Friday offers a quieter day with pub owner JD Wetherspoon reporting.
The hospitality sector has struggled to recover, and the Watford-based company hasn’t been immune to the industry headwinds.
The company is expecting improved sales year on year but noted it would still fall behind pre-pandemic levels.
However, shares in the stock are up close to 30% in the year-to-date after losing more than 50% of its value in 2022.
In wider news, the GfK consumer confidence indicator is due after last month improving from -45 in January to -38.
The current consensus for March argues consumer confidence will further recover to -36.
Significant announcements
Finals: Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF)
Interims: JD Wetherspoon PLC (LSE:JDW), Smiths Group (LSE:SMIN) PLC
AGMs: Faron Pharmaceuticals OY, Kitwave Group Ltd
Economic announcements: GFK Consumer Confidence (UK), Retail Sales (UK), Durable Goods Order (US)