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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Builders and building materials

AB Foods, Dunelm, Phoenix Group, Trainline and Vistry - the week ahead

AB Foods, Dunelm, Phoenix Group, Trainline and Vistry are among the results expected this week.

There's also plenty more for investors and traders to pay attention to, including UK GDP and trade data, the European Central Bank meeting, and US inflation and various other points ahead of a very much "live" meeting the following week.

Monday 8 September

Standard Life and SunLife parent Phoenix Group Holdings PLC (LSE:PHNX) reports half-year results with its shares having recently hit their highest in over four and a half years.

Sector-leading free cash flow was highlighted by one broker ahead of the numbers.

Announcements expected:

Interims: Concurrent Technologies, Gaming Realms, Norman Broadbent, Phoenix Group, SigmaRoc, Trellus Health

Economic announcements: Balance of Trade (CHN)

Tuesday 9 September

Retailer Dunelm Group PLC (LSE:DNLM) will announce full-year numbers, but as it has already given revealed its sales performance and said profits will be close to the City consensus of £211 million, the main focus will be on what it says on the outlook.

Elsewhere, Unilever PLC (LSE:ULVR) will further prepare analysts and investors for the spin-off of its ice cream business, which is expected in mid-November. The event today is a capital markets day.

Announcements expected:

Interims: Accesso Technology, Computacenter, Dunelm, Gamma Communications, GetBusy, James Fisher & Sons, Likewise Group, Luceco, Midwich Group, UK Oil & Gas

Finals: Pci-Pal

Overseas announcements: GameStop, Synopsys

Economic announcements: BRC Retail Sales (UK), NFIB smaller companies (US)

Wednesday 10 September

Primark owner Associated British Foods PLC (LSE:ABF) will issue a year-end trading update on Wednesday, with investors set to scrutinise how well the diversified group is balancing pressures across its divisions.

Profit warnings from its Sugar arm have rocked the group this year, leading to restructuring, while concerns over Chinese competition and the potential impact of US tariffs have dogged Primark, overshadowing improved margins, a special dividend and a second buyback programme.

Housebuilder Vistry Group PLC (LSE:VTY) will also report interims, having already revealed lower profits and said the full year will be more weighted to the second half than usual as government funding begins for the Affordable Homes Programme.

Announcements expected:

Trading updates: Associated British Foods

Interims: Artisanal Spirits, Central Asia Metals, Finseta, Gym Group, Nexteq, Property Franchise Group, Social Housing REIT, Tooru, Warpaint London, Vistry Group, Wickes

Finals: Frontier Developments

Overseas announcements: Taiwan Semiconductor Manufacturing, Chewy, Intitex

Economic announcements: CPI (CHN), PPI (US)

Thursday 11 September

Ahead of Trainline PLC's (LSE:TRN) second-quarter update one broker said the risks around the threat of competition from Great British Railways look overstated.

Announcements expected:

Trading update: Trainline

Interims: Distribution Finance Capital, Energean, Lords Group, Oakley Capital Investments, Playtech, RTW Biotech Opportunities, Samuel Heath & Sons

Overseas announcements: Adobe, Kroger

Economic announcements: RICS Housing Market Survey (UK), ECB Meeting (EU), Consumer Prices Index (US)

Friday 12 September

Announcements expected:

Economic announcements: Balance of Trade (UK), Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), Consumer Price Index (GER), Uni of Michigan Confidence – Prelim (US)

** Update: More detail added **

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