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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Builders and building materials

Week ahead: Nvidia, CRH, BHP, Hays, Wood Group, new price cap and Jackson Hole in focus

Blue-chip reporting season is tailing off but there's a handful of big miners, oil companies and recruiters on the City agenda for the coming week.

A new UK energy price cap will also be announced, with investors also keenly looking for the implications for interest rates emanating from the central banker's jolly at the Jackson Hole symposium from Thursday.

Monday 21 August

Company previews:

Coal miner Thungela Resources, ex Anglo American, is one of several large or mid-cap miners reporting this week, following the big earnings miss from Glencore last week.

Others due to report:

US earnings: Faraday Future Intelligent Electric Inc, Tingo Group Inc (NASDAQ:TIO), Zoom Video Communications Inc (NASDAQ:ZM)

AGMs: Calculus VCT Plc (LSE:CLC)

Tuesday 22 August

Company previews:

It may not be in the FTSE 100 any more, yet final results from BHP Group Ltd (LSE:BHP, ASX:BHP) could still cause ripples around the mining sector.

These numbers should have been a relatively straightforward update but the unfolding property and economic crisis in China might just have changed the mood ...read the preview.

Elsewhere, one of the oil services groups reporting this week, Wood Group (John) PLC (LSE:WG.), having rejected take-private bids earlier this year, sees management under pressure to justify their stance ...read the preview.

Others due to report:

Trading updates: RUA Life Sciences (AIM:RUA) PLC, Gem Diamonds Ltd, Anexo Group PLC (AIM:ANX)

Interims: Empresaria Group plc (AIM:EMR)

US earnings: BJ's Wholesale Club (NYSE:BJ), Coty Inc (NYSE:COTY), Dick's Sporting Goods (NYSE:DKS), Lowe’s Companies Inc, Medtronic PLC (NYSE:MDT), Toll Brothers Inc

AGMs: Cake Box Holdings Ltd, RUA Life Sciences (AIM:RUA), Smoove PLC, STM Group PLC (AIM:STM)

Economic announcements: Public Sector Net Borrowing (UK), CBI Industrial Trends Orders (UK), Existing Home Sales (US)

Wednesday 23 August

Company previews:

Midweek the diary looks eerily quiet, meaning there may be more focus on Costain Group PLC, where shares have been bouncing back this year, with has recent weeks seeing management tidying up financial issues ahead of results ...read the preview.

Later in the day comes earnings from Nvidia, which has been riding the wave of AI excitement this year …read the preview.

Others due to report:

US earnings: Analog Devices Inc, Foot Locker Inc, Peloton Interactive Inc (NASDAQ:PTON), Snowflake Inc, Splunk

AGMs: Brandshield Systems PLC, Latham (James) PLC

Economic announcements: Flast Manufacturing PMI (UK), Flash Services PMI (UK), MBA Mortgage Applications (US), New Homes Sales (US), Crude Oil Inventories (US), S&P Global Manufacturing PMI Flash (US), S&P Global Services PMI Flash (US)

Thursday 24 August

Company previews:

Building materials group CRH PLC is due to report interim results on Thursday, which could see growth differ on either side of the Atlantic, just weeks ahead of a switch of its primary listing to the United States ...read the preview.

Elsewhere, Hays PLC (LSE:HAS) reports full-year results, not long after it provided an update that revealed a weakening of recruitment activity ...read the preview.

Many traders and investors will also be keeping an eye on what senior central bankers, including Federal Reserve chief Jerome Powell, are saying at the Jackson Hole symposium, which is held between Thursday and Saturday ...read the preview.

Others due to report:

Trading updates: Benchmark Holdings PLC (AIM:BMK)

Interims: Harbour Energy PLC (LSE:HBR), Hunting plc, MacFarlane Group plc, Tribal Group PLC (AIM:TRB)

Finals: Cropper (James) plc, South32

US earnings: Dollar Tree Inc, Intuit Inc, Nordstrom Inc, Weibo Corp

AGMs: Concurrent Technologies (AIM:CNC) plc, CyanConnode Holdings PLC (AIM:CYAN), Nuformix PLC (LSE:NFX), Oryx International Growth Fund

Economic announcements: CBI Distributive Trades (UK), Continuing Claims (US), Durable Goods Orders (US), Initial Jobless Claims (US), Jackson Hole Symposium (US)

Ex-dividends to reduce FTSE 100 by: 8.05:

Friday 25 August

Daily preview:

UK consumer confidence will be in focus, amid wage growth almost overtaking inflation but the FTSE having recently scraped its lowest point this year.

Energy regulator Ofgem is also due to announce the new energy price cap next Friday, with another drop in household bills expected ...read more.

Others events on the day:

AGMs: Ormonde Mining PLC (AIM:ORM)

Economic announcements: GFK Consumer Confidence (UK), University of Michigan Confidence (US), Fed Chair Powell Speech at Jackson Hole (US)

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