Primark owner AB Foods, cruise giant Carnival, budget retailer B&M, online card seller Moonpig and energy services provider Petrofac are among the wide array of companies in the spotlight in the coming week.
UK GDP and house prices, US inflation and central bank speeches are among the major macro agenda items.
Also likely to grab some attention in the City, the second Ashes test match begins on Wednesday at Lord’s Cricket Ground in London, with plenty of City folk on jollies in the ground's extensive corporate hospitality suites.
MONDAY 26 JUNE
Associated British Foods PLC (LSE:ABF) is due to release a second-quarter update on Monday, with the Primark owner's shares having risen 55% from last autumn's near-decade low.
Analysts and investors will be keen to hear about the click-and-collect trial across 25 stores in the UK, along with the impact of inflation, which it said was a key factor in the first quarter.
Carnival PLC (LSE:CCL) is another share that has been on the rise, with this the first statement since April’s update revealed its highest ever quarterly level of booking volumes.
While the shares have almost doubled so far this year, they are still trading 64% below pre-pandemic levels and, one analyst said, a "mountain of work" is left to do, leading with cutting debt.
Significant announcements on Monday
Trading updates: Associated British Foods PLC (LSE:ABF), Fresnillo PLC (LSE:FRES), L’Occitane International SA
Interims: Carnival Corp
Finals: Prospex Energy PLC (AIM:PXEN), SysGroup PLC (AIM:SYS, AQSE:SYS)
AGMs: Aterian Plc (LSE:ATN), Capricorn Energy PLC (LSE:CNE, OTC:CRNZF), Facilities by ADF PLC (AIM:ADF), Premier African Minerals Ltd (AIM:PREM), Volvere (AIM:VLE) PLC, XP Factory PLC (AIM:XPF)
TUESDAY 27 JUNE
Petrofac Limited (LSE:PFC) will release a trading statement on Tuesday following an up and down few months, including a profit warning, two big contract win and the appointment of new chief executive Tareq Kawash.
The update will see investors and analysts "look for further evidence of conversion in the multi-billion dollar pipeline and for comfort that there are no more nasty surprises to emerge from some of the troubled legacy contracts", said one analyst.
Significant announcements on Tuesday
Trading updates: Forward Partners Group PLC (AIM:FWD), Petrofac Ltd
Finals: CML Microsystems Plc (LSE:CML), Telecom Plus PLC (LSE:TEP), CakeBox Holdings PLC
US earnings: Walgreens Boots Alliance Inc (NASDAQ:WBA)
AGMs: Acuity RM Group PLC, Comptoir Group PLC (AIM:COM), Creo Medical Group PLC (AIM:CREO), First Tin PLC (LSE:1SN), Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF), Gemfields Group Ltd, Golden Prospect Precious Metals (LSE:GPM) Ltd, Hamak Gold Ltd, ICG Enterprise Trust (LSE:ICGT) PLC, Impellam (AIM:IPEL) Group PLC, India Capital Growth Fund Ltd (LSE:IGC), Inspiration Healthcare Group PLC (AIM:IHC), Instem PLC (AIM:INS), Invesco Bond Income Plus Ltd, JD Sports Fashion PLC (LSE:JD.), Kingfisher PLC (LSE:KGF), Mobile Tornado Group Plc (AIM:MBT), Revolution Beauty Group PLC, Scottish Mortgage Investment Trust PLC (LSE:SMT), Serabi Gold (AIM:SRB, TSX:SBI) PLC, Sondrel Holdings PLC, Surface Transforms (AIM:SCE) PLC, Surgical Innovations Group (AIM:SUN) PLC
Economic announcements: Durable Goods Orders (US), House Price Index (US), Consumer Confidence (US), New Homes Sales (US)
WEDNESDAY 28 JUNE
Midweek there is quite a quiet day in terms of company news and macroeconomic data, making it perfect timing for the Ashes test at Lord’s to begin, as England look to fight back from Australia’s last-day win in the first of the series.
However for the keen investors before the cricket starts, there are some company updates, including from FTSE 250-listed SDCL Energy Efficiency Income Trust updates with its shares down 22% so far this year.
Analysts at Stifel said much of the sector’s share prices have continued to be "soggy" as macro factors drive sentiment, while SDCL’s eclectic mix of assets “has made understanding its proposition difficult” but the hard data in this week’s results could help it make further progress on explaining its attractions.
Elsewhere, Marlowe PLC (AIM:MRL) shares have recently soared on reports the fire safety company, which is backed by former Conservative Party treasurer Lord Ashcroft, is looking at selling its biggest division.
The company yet has not commented on this yet.
In the US, the annual banking stress test will be in focus after the wobbles among regional lenders this year.
Chip maker Micron Technology will report quarterly numbers, with Wall Street expecting earnings to be down compared to a year ago as it gets hit by the partial ban on selling to some Chinese companies.
There are also reports from BlackBerry, which last month was reported to be eyeing a possible break-up, and packaged food giant General Mills (NYSE:GIS), where the owner of Cheerios, Pillsbury and Häagen-Daz is seen to still be facing more hits from retailers reducing their inventory levels.
Significant announcements on Wednesday
Interims: Abrdn Private Equity Opportunities Trust PLC, Harmony Energy Income Trust PLC (LSE:HEIT), Schroder European Real Estate Investment Trust PLC, Wynnstay Group PLC (AIM:WYN)
Finals: SDCL Energy Efficiency Income Trust, Marlowe PLC (AIM:MRL)
US earnings: Micron Technology Inc, General Mills (NYSE:GIS) Inc, BlackBerry Ltd
AGMs: Atalaya Mining (AIM:ATYM, TSX:AYM) PLC, Avacta Group PLC (AIM:AVCT), Cambridge Cognition Holdings PLC (AIM:COG), Ceiba Investments Ltd, Churchill China (AIM:CHH) PLC, Cizzle Biotechnology Holdings PLC (LSE:CIZ), Cobra Resources Plc (LSE:COBR), Cora Gold Ltd (AIM:CORA), Dial Square Investments PLC (LSE:DSI), Medcaw Investments PLC, Pembridge Resources PLC (LSE:PERE), Pineapple Power Corporation PLC (LSE:PNPL), Polarean Imaging Ltd, RA International Group PLC (AIM:RAI), Shield Therapeutics PLC (AIM:STX, OTCQX:SHIEF), Star Phoenix Group Ltd, Tialis Essential IT PLC, ValiRx PLC (AIM:VAL), Velocys PLC (AIM:VLS), Vertu Motors (AIM:VTU) PLC, Warpaint London PLC (AIM:W7L), Westminster Group PLC (AIM:WSG)
Economic announcements: MBA Mortgage Applications (US), Crude Oil Inventories (US)
THURSDAY 29 JUNE
B&M European Value Retail is another of this week’s stocks on the rise, edging back towards all-time highs after announcing last month that sales for the first nine weeks of the financial year were up by 8.3%.
Analysts said the update put to bed any concerns about an easing of the trend towards trading down and expects confirmation of healthy trading in Thursday’s trading update.
There should also be a massive from Moonpig, where investors need a get well soon card after the listless share price performance since it IPOed over two years ago.
Investors will be keen to get an update after guidance was cut earlier this year.
In the US, earnings from Nike should grab attention, though analysts at UBS said while the company is long-term outperformer the upcoming earnings will be a negative catalyst.
https://www.proactiveinvestors.co.uk/companies/news/1018428/nike-price-target-lowered-ahead-of-earnings-but-analysts-remain-optimistic-about-long-term-outlook-1018428.html
Significant announcements on Thursday
Trading updates: B&M European Value Retail SA (LSE:BME), Time Finance plc (AIM:TIME), (H&M) Hennes & Mauritz AB
Finals: Baltic Classifieds Group PLC (LSE:BCG), De La Rue PLC (LSE:DLAR), Moonpig Group PLC (LSE:MOON)
US earnings: Nike Inc (NYSE:NKE), McCormick & Co
AGMs: Anemoi International Ltd (LSE:AMOI), Anpario PLC (LSE:ANP), Ariana Resources PLC (AIM:AAU), Baron Oil PLC (AIM:BOIL), Beowulf Mining PLC (AIM:BEM), Celadon Pharmaceuticals PLC (AIM:CEL), Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) , East Imperial PLC (LSE:EISB), East Star Resources PLC (LSE:EST), Eden Research PLC (AIM:EDEN, OTCQB:EDNSF), Emis Group PLC, ENGAGE XR Holdings PLC, First Class Metals PLC (LSE:FCM), Gresham House Energy Storage Fund PLC (LSE:GRID), Gusbourne PLC (AIM:SHLP), HeiQ PLC (LSE:HEIQ), Helios Underwriting PLC (AIM:HUW), Ingenta PLC (AIM:ING), IQE PLC (AIM:IQE), Kooth PLC (AIM:KOO), Landore Resources Ltd (AIM:LND, OTC:LNDLF) , Let's Explore Group PLC , Likewise Group PLC (AIM:LIKE), London Security PLC (AIM:LSC), Morgan Advanced Materials plc (LSE:MGAM), NetScientific PLC (AIM:NSCI), New Century AIM VCT 2 PLC, Norman Broadbent PLC (AIM:NBB), Reabold Resources PLC (AIM:RBD), Rockhopper Exploration PLC (AIM:RKH), Roquefort Therapeutics PLC (LSE:ROQ, OTCQB:ROQAF), Serica Energy PLC (AIM:SQZ), SpaceandPeople PLC (AIM:SAL), Symphony Environmental Technologies PLC (AIM:SYM), Tandem Group PLC (AIM:TND), Thalassa Holdings Ltd (LSE:THAL) , TinyBuild Inc, Trainline PLC (LSE:TRN), Trident Royalties PLC (AIM:TRR, OTCQX:TDTRF), Verici Dx PLC (AIM:VRCI), Xpediator PLC (AIM:XPD)
Economic announcements: Consumer Credit (UK), M4 Money Supply (UK), Mortgage Approvals (UK), Continuing Claims (US), Gross Domestic Product (US), Initial Jobless Claims (US), Personal Consumption Expenditures (US), Pending Homes Sales (US)
Ex-dividend to reduce FTSE 100 by: 1.06
FRIDAY 30 JUNE
Friday is probably the week’s big macro day, with updates on UK GDP and house prices, as well as US inflation and some leading indicators for the wider economy.
Significant announcements on Friday
Interims: Faron Pharmaceuticals OY
Finals: Record PLC (LSE:REC), Premier African Minerals Ltd (AIM:PREM)
US earnings: Constellation Brands (NYSE:STZ) Inc
AGMs: Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP), Ascent Resources PLC (AIM:AST), Bluejay Mining PLC, Caspian Sunrise PLC (AIM:CASP), CMO Group PLC (AIM:CMO), Facilities by ADF PLC (AIM:ADF), Fiinu Plc (AIM:BANK), FireAngel Safety Technology Group PLC, Gama Aviation (LSE:GMAA) PLC, GENinCode PLC (AIM:GENI), Hemogenyx Pharmaceuticals PLC, I3 Energy PLC, Immupharma PLC, Inspired PLC (AIM:INSE), Jadestone Energy PLC (AIM:JSE), Kanabo Group PLC (LSE:KNB), KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF), Kistos Holdings PLC, Kropz PLC (AIM:KRPZ), LoopUp Group PLC (AIM:LOOP, OTC:LUPGF), Medica Group PLC (LSE:MGP), Mirriad Advertising Ltd, Nostra Terra Oil & Gas Co PLC, Nostrum Oil & Gas PLC, PROTON MOTOR POWER SYSTEMS PLC, Rockfire Resources PLC (LSE:ROCK), Strip Tinning Holdings PLC (AIM:STG), ThomasLloyd Energy Impact Trust PLC, Trinity Exploration & Production PLC (AIM:TRIN), URA Holdings PLC (LSE:URAH), World Chess PLC (LSE:CHSS)
Economic announcements: Nationwide House Price Index (UK), Current Account (UK), Gross Domestic Product (UK), Personal Consumption Expenditures (US), Personal Income (US), Personal Spending (US), Chicago PMI (US), University of Michigan Confidence (Final) (US), Inflation (EU)