Costa Coffee and Premier Inn owner Whitbread plc (LON:WTB) is bringing out a trading statement Tuesday.
Analysts are not expecting any dramatic increase in revenue per available room at Premier Inn this year and reckon there has been growing evidence of softer trading in the UK hotel market, especially in London.
“Given the poor weather April may have been a better month for Costa, but we remain concerned that competitive pressures are intensifying in the coffee/fresh food market as business models converge. Management has also acknowledged the need to invest across both brands in a number of common areas: teams, IT infrastructure, digital and productivity and efficiency. We believe that this, in combination with a more competitive market environment, will result in relatively lacklustre earnings growth in the near term,” said analysts at Numis securities.
Photo booth and laundromat operator Photo-Me International plc (LON:PHTM) is also releasing its final results Tuesday for the year ended 30 April.
The market is expecting pre-tax profit of £40mln on revenue of £192mln. The company has pledged to boost its dividends so investors will be keen to see how generous it is going to be.
A trading statement is expected from oil and gas group Petrofac PLC (LON:PFC). Last week JP Morgan Cazenove said its stocks were ‘overweight’.
Coca-Cola HBC AG (LON:CCH) is also holding its annual general meeting Tuesday. The group announced new targets last month and a focus on a balanced spread of territories. Investors will be keen to see how this is going.
The UK will also wake to the results of Facebook's annual general meeting, where Zuckerburg could well be challenged by his shareholders over voting terms. We will also see if PayPal co-founder Peter Thiel has been dropped from the board.