A month ago the data showed Ocado Group PLC (LON:OCDO), with sales over the past 12 weeks up 42% year on year, while Tesco PLC (LON:TSCO) was the best performer of the big grocers with sales growth of 12.1% and all of the big four doing well as the coronavirus lockdown increased demand.
As for BHP, its year-end update follows those from blue-chip rivals Rio Tinto and Anglo American last week, with Rio reporting mostly higher production compared to the preceding quarter, while for Anglo it was mostly lower.
In April, BHP maintained production guidance for most of its copper, petroleum, iron ore and metallurgical coal operations, saying its business was “resilient” and it expected to continue to generate “solid cash flow”.
TalkTalk calls in with trading update
A trading update on Tuesday from Talktalk Telecom Group PLC (LON:TALK) comes around a month after the company warned it is expecting to suffer a £15mln hit from the coronavirus (COVID-19) pandemic in its current financial year.
The FTE 250-listed group said that underlying earnings (EBITDA) are expected to be stable during the year and that it will maintain its dividend of 2.5p.
Given the recent release of fourth quarter results, analysts at UBS said they do not expect any significant changes to guidance.
Revenues were down 4.1% in the past quarter and the analysts think this revenue trend has continued into the subsequent quarter with revenues being impacted by lower TV revenues (absence of Sky Sports) and lower connection revenues.
There may also be interest in the company’s fibre business growth and any cost-cutting measures brought in to lessen the impact of the pandemic as well as declines from its legacy copper wire internet base.
Significant updates expected on Tuesday July 21:
Trading updates: BHP Group PLC (LON:BHP), Talktalk Telecom Group PLC (LON:TALK), RPS Group PLC (LON:RPS), DP Eurasia NV (LON:DPEU), Euromoney Institutional Investor PLC (LON:ERM), Intermediate Capital Group LC (LON:ICP)
Macro data: Kantar grocery report, UK public sector borrowing