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 PLC (LSE:SEIT) 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, Inc. (NASDAQ:MU)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
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)