With most of this week’s scheduled corporate news due to come out on Wednesday and Thursday, Tuesday looks like it will be a fairly quiet affair in the City.
FTSE 100 industrial property investor Segro PLC (LON:SGRO) and student accommodation owner Unite PLC (LON:UTG) are both set to push out half-year numbers, while full-year results are expected from soap maker PZ Cussons PLC (LON:PZC).
The company expects annual turnover to fall to £475mln from £569mln last year and operating profit to drop to £190mln from £281mln.
The group has said it will maintain the 43.2p per share annual dividend until its earnings allow it to resume progressive dividends.
In a strategy review in May, the IG said it expects to see growth resume after this year and will up spending by £30mln a year to take advantage of opportunities in new products and territories.
These new opportunities are forecast to generate an additional £100mln of revenue by 2022, with the core business to grow by 3-5% a year.
Tuesday July 23:
Trading updates: Paragon Group PLC (LON:PAG)
AGMs: Stobart Group PLC (LON:STOB)
Economic data: CBI distributive trades survey; US existing home sales