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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Builders and building materials

Sainsbury's, UK election, M&S, JD Sports and more: Week ahead

Britain's first election since the pandemic will take centre stage next week, with the Tories expected to lose power for the first time in nearly 15 years.

Taking place on Thursday 4 July, Brits up and down the country will head to polling stations with the first results due in the late evening.

A decisive decision on the winner is expected to be revealed before the markets open on Friday.

Based on the Bank of England’s financial policy report this week, the biggest risk from this election is that the party that wins overspends, which causes bond markets to revolt and bond yields to move higher.

Meanwhile, in company news, Sainsbury’s will be leading the charge, with its trading update expected to excellent progress in grocery against tough comparatives but tougher trading in non-food.

Rival Tesco provided a strong set of results earlier this month, with the leading supermarket boasting volume and market share growth.

Sainsbury’s isn’t expected to make any material gains in its market share, but if it can, investors might see a surge in its share price.

Topps Tiles, vaping group Supreme and Victrex will all also report, supplemented by a range of AGMs from the likes of M&S and JD Sports.

Monday 1 July

Announcements due:

Finals: Induction Healthcare Group PLC (AIM:INHC, OTC:IDDHF)

Interims: Porvair (AIM:PRV) PLC

AGMs: Nb Global Monthly Income Fund Ltd

Economic announcements: Nationwide House Price Index (UK), Consumer Credit (UK), M4 Money Supply (UK), Mortgage Approvals (UK), PMI Manufacturing (UK) PMI Manufacturing (US), Construction Spending (US), ISM Manufacturing (US), ISM Prices Paid (US)

Tuesday 2 July

J Sainsbury PLC's (LSE:SBRY) second-quarter comparatives will pose more of a hurdle... read more

Supreme PLC (AIM:SUP) is expected to deliver bumper results albeit against the backdrop of a potential vaping ban... read more

Marks and Spencer Group PLC (LSE:MKS) should go into next week’s AGM on top form... read more

Announcements due:

Finals: CML Microsystems Plc (LSE:CML), DSW Capital PLC (AIM:DSW), Mercia Asset Management PLC (AIM:MERC), Supreme PLC (AIM:SUP)

Trading updates: Sainsbury J PLC

Interims: Kitwave Group PLC (AIM:KITW)

AGMs: Alkane Energy PLC, Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF), Alkemy Capital investment, Capital Gearing Trust PLC (LSE:CGT), Marks and Spencer Group PLC (LSE:MKS), Mining Minerals And Metals PLC, Phoenix Spree Deutschland Ltd, Zenova Group PLC (AIM:ZED)

Economic announcements: Unemployment Rate (EU), Auto Sales (US)

Wednesday 3 July

Topps Tiles PLC (LSE:TPT) always seems to be running hard to stand still and will be hoping it has some better news... read more

Announcements due:

Finals: Activeops PLC, Baltic Classifieds Group PLC (LSE:BCG), Twentyfour Income Fund Ltd, Zigup PLC, JPMorgan European Growth & Income PLC

Trading updates: Topps Tiles PLC (LSE:TPT)

US earnings: Constellation Brands, Inc

AGMs: Airtel Africa PLC (LSE:AAF), Aseana Properties Ltd, Braemar PLC (LSE:BMS, OTC:BSEAF), Eneraqua Technologies PLC (AIM:ETP), Golden Prospect Precious, Metals Ltd, JZ Capital Partners Ltd

Economic announcements: PMI Composite (UK), PMI Services (UK) Producer Price Index (EU), MBA Mortgage Applications (US), Continuing Claims (US), Initial Jobless Claims (US), PMI Composite (US), PMI Services (US), Factory Orders (US), ISM Prices Paid (US), ISM Services (US), Crude Oil Inventories (US), FOMC Interest Rate Minutes (US)

Thursday 4 July

Investors of Victrex PLC (LSE:VCT) will be hoping the good trends of strong aerospace and auto demand continue... read more

JD Sports Fashion PLC (LSE:JD.) will be hoping that concerns of weakness in the industry have quelled by the time it hosts it general meeting... read more

Elections, housing data, US non-farm payrolls and PMIs are expected to dominate macro proceedings next week... read more

Election & US Independence Day (US markets closed)

Announcements due:

Trading updates:

Interims: 3I Infrastructure PLC, Victrex PLC (LSE:VCT)

Finals: Trifast (LSE:TRI) PLC

AGMs: 3I Infrastructure PLC, Assura PLC, Great Portland Estates (LSE:GPOR) PLC, Henderson Eurotrust PLC, Jangada Mines PLC (AIM:JAN), Peel Hunt Ltd (AIM:PEEL), Sainsbury (J) PLC, Scottish Mortgage Investment Trust PLC (LSE:SMT), JD Sports Fashion PLC (LSE:JD.)

Economic announcements: PMI Construction (UK)

Ex-dividends to reduce the FTSE 100 by: 0.68

Friday 5 July

Announcements due:

AGMs: 1 Spatial PLC

Economic announcements: Halifax House Price Index (UK), Retail Sales (EU), Non-Farm Payrolls (US), Unemployment Rate (US)

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