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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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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
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United Utilities to be Friday’s star as firms rush to publish results

It’s the final business day of the quarter on Friday, and those companies which haven’t got their results out will be in a rush to do so if they don’t want their shares to be suspended

With Friday being the last business day in the quarter, it looks set to be a busy one for us journos.

Expect a slew of announcements from companies rushing to get their results out before the deadline.

Of course, there will also be some warning investors that they won’t make it in time, which will result in their shares being suspended until their numbers are published.

UU hit by volatile weather

Elsewhere, blue-chip multi-utility United Utilities Group PLC (LON:UU.) will issue a trading statement covering the last six months having also recently outlined its business plan for the 2020-25 period.

The company is proposing a 10.5% reduction in real terms in average bills over the period, which will be welcomed by customers, if not by shareholders.

Those shareholders will be more interested in whether United Utilities can reverse a decline in pre-tax profits reported in its full-year results back in May.

“The significant progress we have made positions us well as we look towards the next regulatory period and gives us confidence that we can rise to the longer-term challenges resulting from a growing population, affordability concerns and the impact of more volatile weather,” said chief executive Steve Mogford in the results statement.

The weather has certainly been volatile this year, ranging from the Beast from the East to a scorching Indian summer.

GAN 'trading in line'

Betting software firm GAN PLC (LON:GAN) is also due up with its interim results on Friday.

The company said earlier this month that trading was in line with expectations in the first half, although it expects the recent legalisation of sports betting in the US to propel it to record revenues next year. Given that, investors will be paying very close attention to the outlook.

Friday September 28:

Trading update: United Utilities Group PLC (LON:UU.),

Interims: GAN PLC (LON:GAN), Nostra Terra Oil & Gas Co. PLC (LON:NTOG), Richoux Group plc (LON:RIC)

Economic data: UK quarterly GDP, balance of payments; CBI growth indicator survey; US personal income and spending; US Chicago PMI; University of Michigan final consumer sentiment reading

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