Big company news in London keeps flowing in the coming week, with AstraZeneca, ITV, M&S and Primark owner AB Foods and Wizz Air among the many reporting.
Across the pond, Disney and Illumina are among the blue chip names delivering earnings, along with auto-related trio Uber, Rivian Automotive and Lucid, and meme-stock favourite AMC Entertainment.
It should be a quieter week for macroeconomic news after the central banks the previous week, although economic and political news headlines may be fed by more Downing Street leaks ahead the Chancellor of the Exchequer’s autumn statement later in November.
Monday 06 November
The diary is quiet at the start of the week but accelerates rapidly.
Others due to report:
Interims: Kosmos Energy Ltd (LSE:KOS, NYSE:KOS)
US earnings: Activision Blizzard Inc (NASDAQ:ATVI)
AGMs: Plaza Centers NV
Economic announcements: PMI Construction (UK), Consumer Credit (US)
Tuesday 07 November
Company previews:
For Associated British Foods PLC (LSE:ABF), news about its Primark fast-fashion chain will dominate the results, along with any follow-up to its £500 million share buyback and guidance for the coming year ...read the ABF preview.
Direct Line Insurance Group PLC (LSE:DLG) will need to confirm if it is also seeing the same improving industry trends reported by peers in recent weeks, as well as reassuring on its financial position …read the Direct Line preview.
Over at Rolex retailer Watches of Switzerland Group PLC (LSE:WOSG), results come at a testing time for the European luxury sector…read the WoS preview.
Persimmon PLC (LSE:PSN) is among a group of housebuilders delivering updates in the week, the first since the Bank of England’s decision to pause interest rate hikes for the second time …read the Persimmon preview.
Others due to report:
Trading updates: Beazley PLC (LSE:BEZ), Hilton Food Group PLC (LSE:HFG), IWG PLC (LSE:IWG), Luceco PLC (LSE:LUCE)
Interims: 3i Infrastructure PLC (LSE:3IN)
Finals: Associated British Foods PLC (LSE:ABF), dotDigital Group PLC
US earnings: Viatris Inc, Gilead Sciences, Lucid Group Inc (NASDAQ:LCID), Occidental Petroleum, Rivian Automotive Inc (NASDAQ:RIVN), Uber Technologies Inc (NYSE:UBER)
AGMs: Murray Income Trust plc (LSE:MUT), Time Finance
Economic announcements: Retail Sales (UK), Halifax House Price Index (UK)
Wednesday 08 November
Company previews:
Advertising sales will be in focus at ITV PLC (LSE:ITV)’s trading update, especially after the recent profit warnings from marketing giants such as WPP and Publis …read the ITV preview.
Marks and Spencer Group PLC (LSE:MKS) shareholders, meanwhile, will be waiting with bated breath after a buoyant update in August suggested a strong trading outlook for the current fiscal year …read the M&S preview.
Down the high street, budget pub chain JD Wetherspoon PLC (LSE:JDW) will provide a top up of news after last month announcing a first profit since the onset of the pandemic, with a focus on costs, weather and chairman Tim Martin’s last bugbear all jostling for attention …read the Spoons preview.
Over in the States later, the market is expecting Walt Disney Co (NYSE:DIS) to have increased revenue and earnings per share in its fourth quarter, having previously reported a larger than forecast 7% decline in subscribers for its Disney+ streaming service …read the Disney preview.
There will also be earnings from cinema chain AMC Entertainment Holdings (NYSE:AMC), fresh from some encouraging news about Taylor Swift and Beyoncé’s tour films in recent weeks, though neither film’s release coincides with the most recent quarter.
Others due to report:
Trading updates: Secure Trust Bank PLC (LSE:STB)
Interims: Creston PLC, Maxcyte Inc
Finals: Smiths News PLC (LSE:SNWS), Time Out Group PLC (AIM:TMO)
US earnings: Roblox Corp (NYSE:RBLX), Jackson Financial Inc, The Trade Desk Inc, Twilio Inc (NYSE:TWLO), Unity Software Inc (NYSE:U), The Walt Disney Company (NYSE:DIS), Take-Two Interactive Software Inc (NASDAQ:TTWO), AMC Entertainment Inc
Economic announcements: MBA Mortgage Applications (US), Wholesales Inventories (US), Crude Oil Inventories (US)
Thursday 09 November
Company previews:
A quarterly update from AstraZeneca PLC (LSE:AZN) approaches with its shares having slipped 15% from the all-time highs reached in the spring, when it jostled back past Shell to regain top spot of the FTSE 100 … read the AZ preview.
Shares in Wizz Air Holdings PLC (AIM:WIZZ) have faced even more turbulence ahead of interim results, including worries about the effects of the Israel-Palestine conflict and about potential problems for the Pratt & Whitney engines powering some of its Airbus jet fleet… read the Wizz preview.
Numbers Flutter Entertainment PLC (LSE:FLTR) come a week after rival Entain, with the Betfair and FanDuel owner likely to be hoping to echo much of the good and avoid all of the negatives ...read the Flutter preview.
Over at National Grid PLC (LSE:NG.), investors may be eager to see if it is starting to deliver on its promise to pivot away from ‘low growth’ gas to electricity delivery …read the NG preview.
It was less of a pivot and more of a swoop for B&M European Value Retail SA (LSE:BME), where interim results give it a chance to provide more information on its purchase of a group of Wilko’s stores from the administrators in September …read the BME preview.
Others due to report:
Trading updates: Apax Global Alpha Ltd, AstraZeneca PLC (LSE:AZN), Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF), Indivior PLC (LSE:INDV), Flutter Entertainment PLC (LSE:FLTR), Lancashire Holdings, S4 Capital PLC (LSE:SFOR), Taylor Wimpey PLC (LSE:TW.), Domino's Pizza Group PLC
Interims: 3i Group PLC (LSE:III), Auto Trader Group PLC (LSE:AUTO), Cropper (James) PLC, National Grid PLC (LSE:NG.), Urban Logistics REIT PLC (AIM:SHED), Wincanton PLC (LSE:WIN, OTC:WNCNF), Wizz Air Holdings PLC (AIM:WIZZ), B&M European Value Retail SA (LSE:BME)
Finals: WH Smith PLC (LSE:SMWH)
US earnings: Fiverr International Ltd, Illumina Inc (NASDAQ:ILMN)
AGMs: Libertine Holdings PLC (AIM:LIB), UIL Ltd
Economic announcements: RICS Housing Market Survey (UK), Continuing Claims (US), Initial Jobless Claims (US)
Ex-dividends to reduce FTSE 100 by: 10.56
Friday 10 November
Company previews:
Another of the several housebuilders reporting this week, Redrow, like most of the rest, is likely to report continued softness in reservations as higher interest rates weigh on the housing market. Analysts and investors will be keen to hear updates on recent sales rate and what is happening to selling prices and costs … read the preview.
Analysts at Peel Hunt also flagged an expected AGM update from client Galliford Try Holdings PLC (LSE:GFRD) that is expected to confirm the positive trends reported with the September’s results have continued in the new financial year.
“Although the shares have performed well given the pace of strategic and operational progress, they still offer excellent value in our view, in light of the asset backing, strong market positioning (especially in the positively developing water market), and the resilient long-term growth outlook.”
In macro news, the UK GDP numbers are expected to show the economy slowed sharply at the start of the second half, given the combined pressures from higher rates as well as higher prices.
In the first quarter the economy grew 0.1% and then 0.2% in the second, with Q3 expectatied to see stagnation or even a modest contraction of -0.1%.
A day after, Saturday will see news about one of what investors are treating as one of the most significant drugs of all time: Novo Nordisk (NYSE:NVO)'s weightloss injection Wegovy/Ozempic. At the American Heart Association (AHA) conference in Philadelphia, Novo will present full details of the SELECT study, for which preliminary data sent its shares soaring on predictions of annual sales around $70 billion, with a potential "paradigm shift" in the way obesity is treated and knock-on effects on demand for other medical treatments, health services and even food ...read the preview.
Others due to report:
Trading updates: Allianz Technology Trust PLC (LSE:ATT)
Interims: Castings PLC (LSE:CGS), Wheaton Precious Metals Corporation
AGMs: DFS Furniture PLC (LSE:DFS), Minoan Group PLC (AIM:MIN), Quartix Technologies PLC (AIM:QTX)
Economic announcements: Balance of Trade (UK), Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), University of Michigan Confidence (Preliminary) (US)