By far the busiest day of the week from a company perspective. Just how badly rail and bus operator FirstGroup PLC (LSE:FGP) has been affected by the spate of rail strikes will also be of note.
The answer is not at all, if the union RMT’s Mick Lynch is right, though UBS Group AG (NYSE:UBS) sees revenues of £4.8bn (2022: £4.6bn), underlying profit [Ebit] of £144mln (£227mln) and net income of £60m (£107m).
RWS is also one to keep an eye on. The document translator is right in the firing line for AI developments and whether it is feeling any impact will be worth noting.
Housebuilder Crest Nicholson PLC (LSE:CRST) will give a developer’s insight into the housing market while Wizz Air Holdings PLC (AIM:WIZZ) should be suitably upbeat after bumper passenger numbers in May.
Also, expect a positive update from fund manager M&G PLC (LSE:MNG) next week, says UBS, with the Swiss bank forecasting a significant increase in first-quarter net inflows into its wholesale (retail) asset management business.
Based on Morningstar data, UBS estimates net fund flows of £4.4bn during the first quarter compared to net inflows of £0.5bn over the whole of 2022.
Even allowing for a large institutional mandate, net inflows are still predicted to be £3bn by the broker, with total AUM to be £350bn.
Ex-divs are tipped to knock seven points off the FTSE 100.
Major announcements
Trading updates: M&G PLC
US earnings: Signet Jewelers Ltd, DocuSign Inc
Interims: IDOX PLC, RWS Holdings (AIM:RWS) PLC, Crest Nicholson Holdings
Finals: DiscoverIE Group PLC, FirstGroup PLC (LSE:FGP), Mitie Group PLC (LSE:MTO), Schroder Real Estate Investment Trust (LSE:SREI) Ltd, Wizz Air Holdings PLC (AIM:WIZZ)
AGMs: Checkit PLC (AIM:CKT, OTC:ECKTF), Downing Renewables & Infrastructure Trust PLC (LSE:DORE), Fair Oaks Income Ltd, Genflow Biosciences PLC (LSE:GENF), Glenveagh Properties PLC (LSE:GLV), Invesco Perpetual UK Smaller Cos Inv Tst PLC, Kavango Resources PLC (LSE:KAV, OTC:KVGOF), London & Associated Properties plc (LSE:LAS), Melrose Industries PLC (LSE:MRO, OTC:MLSPF), Nippon Active Value Fund (LSE:NAVF) PLC, North American Income Trust PLC, Oriole Resources PLC (AIM:ORR), Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF), Sopheon PLC (AIM:SPE)
Economic announcements: RICS Housing Market Survey (UK), Continuing Claims (US), Initial Jobless Claims (US), Wholesales Inventories (US)
Ex-dividends to reduce FTSE 100 by: 7.34