BP, Bellway, Micro Focus Ocado Group, TUI and SSE combine to pack the City diary on Tuesday after a quiet start to the week, with Pfizer and Peloton to come in the US too.
After Shell's buyback-tacular results last week, investors have a pretty good idea of what to expect with BP PLC – lots of profits and cash – but it's what you do with it that counts, right?
READ: BP tipped to reveal bumper cash profits thanks to high oil prices
Some investors seem to think they know what to expect with Ocado Group PLC (LSE:OCDO), with the shares down almost 10% so far this year and roughly 50% lower over the past 12 months.
Analysts at Credit Suisse also said they expect full-year results from the FTSE 100 online grocer to be "uneventful",
However, they suggested mid-term financial guidance may be revised down and admitted there are risks remaining about the persistent legal battle with rival Autostore.
Last month, Ocado's management gave a presentation under the banner of 'Ocadao Re:Imagined', which boasted that faster, cheaper and lighter 600 Series robots, a new robotic arm and improvements to its automated despatch system could help reduce labour costs by 40% in the long term.
While it didn’t do much for the shares, the Credit Suisse number-crunchers were so impressed they double-ungraded moved from what was effectively a 'sell' rating to one that was equivalent to a 'buy', seeing the new tech leading to more fruitful partnership deals with bricks-and-mortar supermarkets.
We will also hear from renewable power company SSE PLC (LSE:SSE), which last autumn had activist investor Elliott Management calling for a break-up of the company.
When we last got results from SSE in November the former Scottish & Southern announced a 65% acceleration of its renewable electricity generation programme, which will enable it to provide 25% of the UK's 2030 offshore wind target.
The board rejected calls from Elliot and, as well as the new renewable targets, set out some new financial ones too, with a target of growing earnings at between 5-7% a year until 2026 while dividends over the five years will total at least £3.50 per share.
In the half-year to end September, SSE posted a profit of £174mln (£134mln) with renewables profitability adversely impacted by exceptionally unfavourable weather conditions, offset by strong performance from its 'non core' business, notably gas storage.
There will also be a first-quarter update fromTUI AG (LSE:TUI), where the shares are still almost 40% lower than before the pandemic as the company
As the Anglo-German tour operator puts a vote to shareholders requesting the authority to potentially issue 1.7bn shares, which together with existing authorisations could imply a maximum permissible number of shares issued of 2.2bn compared to the current number of shares of around 1.6bn these dilution risks are offsetting positive reports that holiday bookings are on the up, with the company last month saying it has received keen interest in skiing holidays amid some relaxing of Covid travel rules by Britain, France and some other countries.
Back in December, TUI reported £60.5mln of losses for the fourth quarter to September 30 compared to a whopping £852mln a year earlier.
At the time TUI said it has 4.1mln holiday bookings taking for its next winter and summer seasons, but holiday bookings had been slowing after the emergence of the Omicron variant.
"We expect winter capacity to be updated towards the higher end of the previously guided range of 50-60% as the Omicron impact was less pronounced than feared," said UBS, predicting summer 2022 capacity to be close to 2019 levels.
"While recent travel restrictions ease in the UK should be supportive for bookings, we expect summer bookings to be below the usual level of bookings at this time in the year (pre covid)."
Significant news expected on Tuesday 8 February
Trading announcements: Bellway PLC, TUI AG, SSE PLC
Interims: Alumasc Group PLC, Filtronic PLC, Mattioli Woods PLC
Finals: BP PLC, Micro Focus International plc, Ocado Group PLC
AGMs: Barkby Group PLC, Numis Corporation (AIM:NUM), TUI AG (LSE:TUI)