Primark owner AB Foods and housebuilders Vistry and Redrow are among the key companies to watch in the UK this week. The market will also see updates from online ticket platform Trainline, drinks maker Fevertree, and engineer Renishaw. Additionally, the week will be filled with economic data releases from around the world, including US inflation, UK jobs and GDP, Chinese industrial production, and the Bank of England inflation attitudes survey.
Company Previews for Monday:
Greg Fitzgerald, the boss at Vistry, will strive to start the week on a positive note following a shareholder revolt over his pay package. In the US, tech watchers are keeping a close eye on Oracle, as the company’s shares continue to rise alongside bullish Wall Street views on its growth prospects.
Company Previews for Tuesday:
Associated British Foods, the owner of Primark, British Sugar, and various food brands, is expected to provide a pre-close update after a year that saw price increases, the introduction of a click-and-collect service, and an upward adjustment to profit guidance. Apple is also in the spotlight as it unveils its new iPhone 15, following concerns about the company’s shares in China.
Company Previews for Wednesday:
Redrow will reveal how it has been adapting to the sales slowdown, changes in planning permissions, and an uncertain outlook. Other notable companies reporting on Wednesday include Argentex Group, Central Asia Metals, and Tullow Oil.
Company Previews for Thursday:
Trainline will release a trading update to see if the online platform can meet the high forecasts set by City analysts. THG PLC, the owner of Hut Group, will release its half-year numbers, with particular interest in the company’s move into media after the surprise acquisition of CityAM newspaper. Renishaw’s final results will provide valuable insights into the global economy. IG Group will also provide an update following the departure of CEO June Felix.
Company Previews for Friday:
Notable companies reporting on Friday include Alpha Real Trust and Anglo Asian Mining. Additionally, England’s cricket match against New Zealand may attract high viewer numbers.
These were the key highlights for the week ahead.
