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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

Interest rates, Ashtead, Premier Inn owner, DS Smith and more: Week ahead

As the election campaign rattles on, with all leading parties having released their manifestos now, attention next week will turn to the Bank of England and its interest rate decision.

Markets are on track for their worst losing streak since the start of the pandemic but economists are hopeful it can be reversed by dovish sentiment at the Monetary Policy Committee’s meeting next Thursday.

While rates are expected to be maintained at the meeting, clues from the policymakers plus May’s inflation print on Wednesday could provide some insight into whether a summer rate cut is likely.

With the Euro’s kicking off over the weekend, investors of Premier Inn owner Whitbread and pub group Young’s will be keeping their eyes out for any indication of a football-driven boom.

However, if Fuller’s boss Simon Emeny is right, it might be Taylor Swift’s UK leg of her world tour that drives a boom this summer.

“You cannot underestimate the effect that eight fully booked nights at Wembley will bring, Taylor Swift will be more reliable than the England team,” he said.

Elsewhere, backers of the LSE will hope Ashtead has no more thoughts regarding a move to the US after it highlighted concerns over trading at a “significant” valuation gap to that of Stateside peers

Monday 17 June

Announcements due:

Finals: Mind Gym PLC (AIM:MIND)

AGMs: Bank Of Georgia Group PLC, Globalworth Real Estate Investments Ltd (AIM:GWIA), Surgical Innovations Group (AIM:SUN) PLC, The Mission Group PLC, Cambridge Cognition Holdings PLC (AIM:COG)

Tuesday 18 June

Ashtead Group PLC (LSE:AHT) will post results at time when it is considering a switch to the US... Read more

Premier Inn owner Whitbread PLC (LSE:WTB) will hope to reignite its shares after they tumbled on sales downgrades... Read more

Announcements due:

Finals: Ashtead Group PLC (LSE:AHT), De La Rue PLC (LSE:DLAR), Intercede Group (AIM:IGP) PLC, Tatton Asset Management PLC (AIM:TAM), Telecom Plus PLC (LSE:TEP)

Interims: Oxford BioDynamics PLC (AIM:OBD)

Trading updates: Sthree PLC, Ashtead Group PLC, Whitbread PLC (LSE:WTB)

AGMs: Acceler8 Ventures PLC (LSE:AC8), Andrews Sykes Group (AIM:ASY) PLC, Anexo Group PLC (AIM:ANX), Bay Capital PLC (LSE:BAY) Bisichi PLC, Blackbird PLC (AIM:BIRD, OTC:BBRDF), Falcon Oil & Gas Ltd (AIM:FOG, TSX-V:FO), Gresham Technologies plc (LSE:GHT), ICG-Longbow Senior Secured UK Property Debt Invest PLC, Intelligent Ultrasound Group PLC (AIM:MED), Kooth PLC (AIM:KOO), Red Capital PLC (LSE:REDC), Science Group PLC (AIM:SAG), Somero Enterprises Inc, Whitbread PLC, Asa International Group PLC, Darktrace PLC (LSE:DARK), Kooth PLC

Economic announcements: Retail Sales (US), ZEW Survey (EU),

Wednesday 19 June

Berkeley Group Holdings PLC (LSE:BKG) said housing sales were dampened back in March and things could have been made worse by the election... Read more

YOUNG & CO 'A' (AIM:YNGA) investors will be keen to see whether it forecasts a boost from the Euros this month... Read more

Announcements due:

Finals: Berkeley Group Holdings PLC (LSE:BKG), NextEnergy Solar Fund Ltd (LSE:NESF), Severfield PLC, Speedy Hire PLC (LSE:SDY), Young & Co's Brewery PLC

Interims: Schroder European Real Estate Investment Trust PLC

AGMs: Baillie Gifford China Growth Trust PLC (LSE:BGCG), Brave Bison (AIM:BBSN) Group PLC, Clean Power Hydrogen PLC (AIM:CPH2),Hilton Food Group PLC (LSE:HFG), Invesco Bond Income Plus Ltd, Maintel Holdings PLC (AIM:MAI), Octopus Renewables Infrastructure Trust PLC (LSE:ORIT), RBG Holdings PLC (AIM:RBGP), Slingsby (H C) PLC, Team17 Group PLC (AIM:TM17), Videndum PLC (LSE:VID), Zinnwald Lithium PLC (LSE:ZNWD, OTC:ZNWLF), Argentex Group PLC (AIM:AGFX)

Economic announcements: Current Account (EU), MBA Mortgage Applications (US), Crude Oil Inventories (US), Consumer Price Index (UK), Producer Price Index (UK), Retail Price Index (UK)

Thursday 20 June

The UK takes centre stage in the central bank rate cutting narrative , with inflation data a day before as an important prelude... Read more

DS Smith PLC (LSE:SMDS) full-year results should have potentially been its last as a listed paper business... Read more

Announcements due:

Interims: Atrato Onsite Energy

Finals: Alpha Financial Markets Consulting PLC (AIM:AFM), Jlen Environmental Assets Group Ltd, Urban Logistics REIT PLC (AIM:SHED), Smith (Ds) PLC, Syncona Ltd, Xps Pensions Group PLC, CMC Markets PLC (LSE:CMCX), Cordiant Digital Infrastructure Ltd (LSE:CORD)

US earnings: Accenture PLC (NYSE:ACN)

AGMs: Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF), Animalcare Group (AIM:ANCR) PLC, Angling Direct PLC (AIM:ANG), Asa International Group PLC, Albion Development VCT PLC, Aquila European Renewables PLC, Balanced Commercial Property Trust Ltd, Block Energy PLC (AIM:BLOE), Boohoo Group PLC (AIM:BOO), Card Factory (LSE:CARD) PLC, Concurrent Technologies (AIM:CNC) PLC, Corero Network Security PLC, Northcoders Group PLC (AIM:CODE), Finseta PLC, Futura Medical PLC (AIM:FUM, OTC:FAMDF), Good Energy Group PLC, Gresham House Energy Storage Fund PLC (LSE:GRID), Henderson Eurotrust PLC, Strix Group PLC (AIM:KETL), Kingfisher PLC (LSE:KGF), Likewise Group PLC (AIM:LIKE), Lsl Property Services PLC, Lords Group Trading PLC (AIM:LORD), Pantheon Infrastructure PLC (LSE:PINT), Marble Point Loan Financing Ltd (LSE:MPLS), Mustang Energy PLC (LSE:MUST), Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR)

Economic announcements: BoE Interest Rate Decision, Building Permits Prel (US), Continuing Claims (US), Current Account (US), Housing Starts (US), Initial Jobless Claims (US), Existing Home Sales (US)

Ex-dividends to reduce FTSE 100 by: 4.06

Friday 21 June

Announcements due:

Finals: Jlen Environmental Assets Group Ltd, Severfield PLC

AGMs: AltynGold plc Bigblu (AIM:BBB) Broadband PLC, Cadogan Energy Solutions PLC, Gulf Keystone Petroleum, Informa PLC (LSE:INF), Krm22 PLC, MicroSalt PLC (AIM:SALT), North America Income Trust PLC, Princess Private Equity Holding Ltd

Economic announcements: GFK Consumer Confidence (UK), Public Sector Net Borrowing (UK), Retail Sales (UK), S&P Global Composite PMI Flash (UK), S&P Global Manufacturing PMI Flash (UK), S&P Global Services PMI Flash (UK)

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