The mid-point of the shortened week is looking fairly thin on the ground for corporate news, with no blue-chip updates scheduled and just two FTSE 250-listed firms, software provider Aveva and transport group Stobart, scheduled to report final results.
Aveva is expected to deliver a strong full-year performance, having reported a low double-digit revenue increase in its final quarter and reiterated a “positive” outlook for the year in a February trading update.
Stobart, meanwhile, will be delivering its results a few weeks later than planned as the disposal of its airline business, Stobart Air, and aircraft leasing business, Propius, to Connect Airways – a joint venture set up with Virgin Atlantic and hedge fund Cyrus Capital - has taken up most of its time recently.
There will also a smattering of results in the small caps with finals from AIM 100 housebuilder Telford Homes and interims from easyHotel and oil & gas firm Jadestone Energy.
The hotel arm of Sir Stelios Haji-Ioannou’s sprawling easyGroup got a boost at the start of May after revising its first half sales figures higher, with investors likely to want more information on the acquisition of a new site in Blackpool and the pre-let of a 15,000 square foot refurbishment project in Old Street in London which were both announced last week.
Jadestone will also be hoping to keep positivity flowing after announcing first production last week from its Stag 49H Infill Well, located offshore Western Australia.
Things are looking equally sparse on the economic calendar, with the latest US mortgage application figures expected but little else besides.
Significant announcements expected for Wednesday May 29:
Finals: Aveva Group PLC (LON:AVV), Stobart Group Ltd. (LON:STOB), Telford Homes plc (LON:TEF)
Interims: easyHotel PLC (LON:EZH), Jadestone Energy Inc. (LON:JSE)
Economic data: US MBA mortgage applications