There may be a sense of repetition in the air on Wednesday, with retailer Findel to report interim results after issuing an update just over a month ago.
There will also be the second reading of the US’s gross domestic product (GDP) for the third quarter, having previously being registered at 3.5%. Not much movement is predicted, although an upward revision to 3.6% is expected by some.
However, new figures will be out for FTSE 250 firm’s Softcat and Senior, which are scheduled to release trading updates, in addition to more US data in the form of new home sales and a manufacturing index.
Little new news expected from Findel
Graham Spooner, Investment Research Analyst at The Share Centre noted that trading at the retailer’s main business, Express Gifts, slowed in the second quarter compared to the first, although the company left its guidance for the year unchanged in October.
Nevertheless, he added, investors will be listening carefully for an update on that side of the business, especially as it has now entered the crucial Black Friday and Christmas trading period.
Findel’s education business is still in a turnaround situation but is making steady improvements and the market will be expecting further positive news there, Spooner concluded.
Significant announcements expected on Wednesday November 28:
Economic data: US GDP; US new home sales; US Richmond Fed manufacturing index