As a major defence supplier BAE Systems PLC (LSE:BA.) has been a share price winner in 2022 thanks to the war in Ukraine, rising 36% year to date.
In Tuesday’s third-quarter update, analysts expect more upgrades and good news on orders (see more details in the BAE preview).
As well as defence companies, other winners this year have been tobacco companies, with Imperial Brands PLC (LSE:IMB) taking its turn today with full year results.
At its last trading update, boss Stefan Bomhard upgraded sales growth guidance and said the company was launching the next, three-year phase of its turnaround, focused on increasing sales at a mid-single-digit percentage, with adjusted operating profit also growing at a mid-single-digit percentage (read more in the Imperial preview).
Tuesday will also see Vodafone release interim results in which their energy bill will take centre stage.
There has been lots happening in recent months, but investors have largely been unimpressed with management’s efforts – with disappointment even when an agreement was made to raise cash from selling down its stake in mast unit Vantage Towers (broker views ahead of the results have been mixed).
As for macro matters, as the Bank of England mulls when to slow down its pace of interest rate hikes, UK jobs numbers and inflation data of key interest on the coming Tuesday and Wednesday.
Economists expect unemployment to remain at its 48-year low of 3.5% in the three months to August, with wage growth unchanged too.
Significant announcements on Tuesday
Finals: Imperial Brands PLC
Interims: Cropper (James) PLC, Land Securities Group PLC (LSE:LAND), Ninety One PLC (LSE:N91), Wincanton PLC (LSE:WIN), Vodafone Group PLC (LSE:VOD), Workspace Group PLC (LSE:WKP)
Trading updates: BAE Systems PLC, Vesuvius Plc (LSE:VSVS)
AGMs: Berkeley Energia Ltd (LSE:BKY, ASX:BKY), Craneware PLC (AIM:CRW), Unicorn Mineral Resources PLC (LSE:UMR)
Economic announcements: Claimant Count Rate (UK), Unemployment Rate (UK), Producer Price Index (US)
US earnings: The Home Depot, Walmart