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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Banks

Tesco, GDP, Halma, US rate decision, Virgin Money and more: Week ahead

Global economies have started to shift into a lower interest rate environment after both Canada and the EU voted to cut rates at their meetings last week.

Attention will now turn to the US and the Federal Reserve, which meets for its interest rate meeting on Wednesday.

Current estimates see a 0% chance of rates being cut and following stronger-than-expected jobs data, there are concerns across the market that a September cut is no longer a possibility.

Over in the UK, attention will turn to GDP figures for April, with both political parties likely to scrutinise the data in their favour.

After March saw 0.4% month-on-month growth, April is forecast to have eased back to 0.2%, the same as February.

In equities, an update from Tesco will offer insight into the UK’s battle with inflation, with the effect of the slowing of price increases at the leading supermarket expected to feature.

There are also results from several companies which could face scrutiny or changes under a new government.

FirstGroup, the train operator, will publish its annual results in the unusual position of knowing its UK rail business will be nationalised within the next parliament if Labour is elected.

Pennon Group’s annual report could also face criticism from politicians should its chief executive receive an annual bonus.

Its subsidiary South West Water was forced to apologise last month for a diarrhoea outbreak at the Devon fishing town of Brixham.

Monday 10 June

Incidents of sewage dumping and a diarrhoea outbreak at Pennon Group PLC (LSE:PNN, OTC:PEGRY) puts pressure on boss Susan Davy's pay package... Read More

Announcements due:

Finals: Pennon Group PLC (LSE:PNN, OTC:PEGRY)

AGMs: Aterian PLC, CEPS plc (AIM:CEPS), Griffin Mining Ltd, Onward Opportunities, Oxford Nanopore Technologies PLC (LSE:ONT), Lok'n Store Group PLC, Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF)

US earnings: Oracle Corp (NYSE:ORCL, ETR:ORC)

Tuesday 11 June

FirstGroup PLC (LSE:FGP) will publish results with the knowledge of nationalisation looming, but could it be a boost... Read More

Announcements due:

Finals: B.P Marsh & Partners PLC. Cake Box Holdings Ltd, Eckoh PLC (AIM:ECK, OTC:EKTPF), FirstGroup PLC (LSE:FGP), GB Group PLC (LSE:GBG), Iomart Group PLC, Oxford Instruments PLC (AIM:OXIG), Vianet Group (AIM:VNET) PLC, Lindsell Train Investment Trust PLC (LSE:LTI)

Interims: Idox PLC (AIM:IDOX), Oxford Metrics (AIM:OMG) PLC

AGMs: Ebiquity PLC (AIM:EBQ). Flowtech Fluidpower (AIM:FLO) PLC, MaxCyte Inc (AIM:MXCT), Mobico Group PLC (LSE:MCG), Octopus Titan VCT PLC, Tortilla Mexican Grill PLC (AIM:MEX), Nightcap PLC (AIM:NGHT),

Economic announcements: Claimant Count Rate (UK), Unemployment Rate (UK),

Wednesday 12 June

Macro news is expected to drive proceedings, with UK GDP and US interest rate decisions... Read More

Announcements due:

Finals: Castings PLC (LSE:CGS), Molten Ventures PLC (LSE:GROW), Brighton Pier Group PLC (AIM:PIER)

Interims: Driver Group (AIM:DRV) PLC, RWS Holdings (AIM:RWS) PLC, Safestore Holdings (LSE:SAFE) PLC

US earnings: Broadcom Inc (NASDAQ:AVGO, ETR:1YD)

AGMs: Advanced Medical Solutions Group (AIM:AMS) PLC, Alina Holdings PLC, Anemoi International Ltd (LSE:AMOI), BioPharma Credit PLC (LSE:BPCR), Brighton Pier Group PLC (AIM:PIER), Destiny Pharma Holdings PLC, Digital 9 Infrastructure PLC (LSE:DGI9), EPE Special Opportunities Ltd (AIM:ESO), Foresight Solar Fund Ltd (LSE:FSFL), IP Group PLC (LSE:IPO), NB Private Equity Partners Ltd, Star Energy Group PLC, Thalassa Holdings Ltd (LSE:THAL), Aquila Energy Efficiency Trust PLC (AIM:AEET), Aurora Investment Trust Plc (LSE:ARR)

Economic announcements: MBA Mortgage Applications (US), Consumer Price Index (US), Crude Oil Inventories (US), Fed Interest Rate Decision (US), Balance of Trade (UK), Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK)

Thursday 13 June

Crest Nicholson PLC (LSE:CRST) (Crest Nicholson PLC (LSE:CRST)) has seen relative underperformance as it suffers from problems with build quality issues... Read More

Fuller Smith & Turner PLC (AIM:FSTA) will be hoping full-year results continue the bull run that has taken its value to two-and-a-half-year highs... Read More

Virgin Money UK PLC (LSE:VMUK) has already flagged it expects a much tougher second half, but how will a Nationwide takeover affect things... Read More

Will Halma PLC (LSE:HLMA) remain in the elite bunch of companies that have managed to increase their annual dividend each and every year for at least a decade... Read More

Announcements due:

Trading updates: Origin Enterprises PLC

Interims: Crest Nicholson Holdings PLC, Virgin Money UK PLC (LSE:VMUK)

Finals: Halma PLC (LSE:HLMA), Motorpoint PLC, NetScientific PLC (AIM:NSCI), Paypoint (LSE:PAY) PLC, Peel Hunt Ltd (AIM:PEEL), Fuller, Smith & Turner PLC, Norcros PLC (LSE:NXR)

US earnings: Adobe Inc (NASDAQ:ADBE), Signet Jewelers Ltd

AGMs: Amati Aim VCT PLC, Beacon Rise Holdings PLC (LSE:BRS), Christie Group PLC (AIM:CTG), Everyman Media Group PLC (AIM:EMAN), Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), Iofina PLC (AIM:IOF, OTC:IOFNF), Jadestone Energy PLC (AIM:JSE), Middlefield Canadian Income PCC, Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF), Serabi Gold (AIM:SRB, TSX:SBI) PLC, Sound Energy PLC (AIM:SOU, OTC:SNEGF), Starwood European Real Estate Finance Ltd (LSE:SWEF), Tanfield Group (AIM:TAN) PLC, Asian Plantations Ltd, Pollen Street PLC (LSE:POLN), Smurfit Kappa Group plc (LSE:SKG),

Economic announcements: Initial Jobless Claims (US), Producer Price Index (US), RICS Housing Market Survey (UK)

Ex dividends to reduce FTSE 100 by: 2.56

Friday 14 June

Tesco PLC (LSE:TSCO) is expected to highlight the impacts of disinflation, market share gains, and the success of its wholesale business... Read More

Announcements due:

Trading updates: Tesco PLC (LSE:TSCO)

Finals: Caledonia Investments (LSE:CLDN) PLC

AGMs: Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ), Asian Energy Impact Trust PLC, Beowulf Mining PLC (AIM:BEM), Gusbourne PLC (AIM:SHLP), Itim Group PLC, T Clarke PLC, Tesco PLC (LSE:TSCO), Trellus Health PLC (AIM:TRLS), Asian Energy Impact Trust PLC, Revolution Bars Group PLC, Superdry PLC (LSE:SDRY)

Economic announcements: Balance of Trade (EU), Import and Export Price Indices (US), U. of Michigan Confidence (US)

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