The week ahead sees the London results season continue in full swing, with numbers due from BT, Vodafone, Diageo, Marks & Spencer, Currys and Greggs.
Some important macroeconomic information is also scheduled, including UK inflation and house prices.
Monday 19 May
A trading update from Diageo PLC (LSE:DGE) is likely to spark earnings revisions, as for many across the sector, driven in part by recent euro strength and weakness in key markets like the US and China...read more
Announcements due:
Trading update: Diageo
Finals: Big Yellow Group, Kainos
Overseas earnings: Ryanair
Economic announcements: Rightmove UK house price index (UK), Inflation (EUR), Industrial Production (CHN), Retail Sales (CHN)
Tuesday 20 May
There could have been a disappointing end to the year for Vodafone Group PLC, with its European business potentially dragging on the telco’s financial performance…read more
Greggs PLC has gone ‘ex-growth’, some analysts reckon, but can the Geordie baker prove them wrong?...read more
Pork and chicken producer Cranswick PLC reports final results for the first time since not long after it was revealed that its giant farms have violated numerous environmental rules over several years…read more
Announcements due:
Trading updates: Greggs, Smiths Group
Interims: Diploma, SSP, Topps Tiles
Finals: Caledonia Investments, Cranswick, LondonMetric Property, Vodafone
Overseas earnings: Home Depot, Palo Alto Networks, Amer Sports, Toll Brothers
Economic announcements: Consumer Confidence (EUR), API Oil Stocks (US)
Wednesday 21 May
The cyberattack on Marks and Spencer Group PLC (LSE:MKS) will dominate investor thoughts, though the hackers seemed to have hit after the retailer's year-end. There are still likely to be lots of moving parts to these numbers...read more
Elsewhere in the retail sector, for JD Sports Fashion PLC (LSE:JD.) it might be tariffs that are the big issue, but at least things do not seem as bad as they did before the recent US-China trade pact, though its update last month has already helped pick the shares up off recent lows. Analysts say exposure to Nike, which makes up around half of group revenue, remains a risk...read more
In the defence sector, helmets and breathing apparatus maker Avon Technologies PLC (LSE:AVON) impressed with its second-quarter update that showed orders from the US and Ukraine armies, leading to earnings upgrades that investors will hope are back up in these interim results...read more
Announcements due:
Trading updates: 4imprint Group, Coats, Currys, Ithaca Energy, Regional REIT
Interims: Avon Technologies, IntegraFin Holdings
Finals: JD Sports Fashion, Great Portland Estates, Helical, HICL Infrastructure, Intermediate Capital Group, Marks & Spencer, RS Group, Severn Trent, SSE
Overseas earnings: American Eagle, Baidu, Best Buy, Lowe’s, Macy’s, Medtronic, Snowflake, Target, Urban Outfitters, Xpeng
Economic announcements: Inflation (UK), EIA Crude Inventories (US)
Thursday 22 May
Shares in easyJet PLC (LSE:EZJ) and other airlines lurched lower after Donald Trump’s initial tariff threats but the budget carrier is now over 20% higher than before the ‘liberation day’ announcement, even though some analysts see some turbulence in the summer months...read more
BT Group PLC (LSE:BT.A) shares have rallied in 2025, outperforming the sector, but some believe this rally is not supported by fundamentals…read more
British Land Company PLC (LSE:BLND) is expected to report strong full-year results, with solid capital growth, driven by robust performance in retail warehouses and City office assets...read more
QinetiQ Group PLC (LSE:QQ.) reports final results, having warned in March that growth would be slower than expected and at lower margins, with a £140 million write-down also to be included due to restructuring and "challenging" conditions in the US market. Analysts said there would be an 'uncertainty overhang' until the company reassured otherwise...read more
Announcements due:
Trading updates: ConvaTec, Hill & Smith, Intertek, Pershing Square Holdings
Interims: easyJet
Finals: Bloomsbury Publishing, British Land, BT Group, Investec, QinetiQ, Tate & Lyle
Overseas earnings: Analog Devices, Dollar Tree, Intuit, Ralph Lauren
Economic announcements: Flash Manufacturing and Services PMIs (UK, EUR, US), CBI Industrial Trends (UK), Initial Jobless Claims (US), Existing Home Sales (US)
Ex-dividends to reduce FTSE 100 by: 3.68 points
Friday 23 May
AJ Bell PLC (LSE:AJB) announces half-year results, where the bottom line will be in focus after reporting a mixed-bag update for the second quarter already.
Announcements due:
Interims: AJ Bell
Economic announcements: GfK Consumer Confidence (UK), Retail Sales (UK), New Home Sales (US)