[ad_1]
Activity in London’s autumn reporting season picks up in the week ahead, but two members of the US ‘magnificent seven’, Tesla and Netflix, are the big headline acts as US earnings season steps up a notch.
The financial sector, leisure & hotels, housebuilding and mining are among the sector themes, with company previews below including LSE Group, Deliveroo, Whitbread, IHG, Rank, Bellway, Barratt, Rio Tinto and BHP.
UK inflation and wage data will also be in focus, and could potentially increase confidence that interest rates have peaked …read the macroeconomic preview.
Monday 16 October
Company previews:
House price data will be one of the early items for investors and homeowners to digest, more scene setting for the first building companies to announce updates later in the week.
A quiet day for company news could allow more attention for the results of Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), which as already revealed that it generated record revenes for the past financial year.
Others due to report:
Finals: Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), Tristel PLC (AIM:TSTL)
AGMs: Let’s Explore Group PLC
Economic announcements: Rightmove house price index (UK)
Tuesday 17 October
Company previews:
Bellway is the first housebuilder of the season …read the preview.
Later on, Wall Street banks will be under the microscope again, with Goldman Sachs (NYSE:GS) and Bank of America reporting earnings.
Others due to report:
Trading updates: Integrafin Holdings PLC, Jupiter Fund Management PLC (LSE:JUP), Rio Tinto PLC (LSE:RIO), Vanquis Banking Group PLC, Ninety One PLC (LSE:N91)
Interims: Smartspace Software PLC (AIM:SMRT), BP Marsh & Partners (AIM:BPM) PLC
Finals: Bellway PLC (LSE:BWY), EnSilica PLC (AIM:ENSI), Revolution Bars Group PLC, Seraphim Space Investment Trust PLC (LSE:SSIT)
US earnings: Bank of America Corp (NYSE:BAC), Goldman Sachs (NYSE:GS), Johnson & Johnson (NYSE:JNJ)
AGMs: Diverse Income Trust PLC, Gateley Holdings PLC (AIM:GTLY)
Economic announcements: Claimant Count Rate (UK), Unemployment Rate (UK), Retail Sales (US), Capacity Utilisation (US), Industrial Production (US), Business Inventories (US)
Wednesday 18 October
Company previews:
In 2023 so far, Whitbread has been one of the FTSE 100’s top ten performers and this has impressed analysts who argue the stock has been able to remain resilient in the face of rising concerns towards consumer-facing companies …read the preview.
There will also be a pair of big miners, in the shape of Antofagasta and BHP, revealing operational updates, with analysts predicting this quarter’s reporting season will see a general pick-up in copper production but iron ore and coal remaining flat.
Later on, after the London and New York exchanges have both closed for the day, there will be updates from Tesla and Netflix, where the former has lately been cutting prices and the latter planning to raise them.
When Tesla Inc (NASDAQ:TSLA) reports, investors will be hoping for better news than they got earlier this month when the EV maker published its production and delivery numbers …read the preview.
Netflix Inc (NASDAQ:NFLX) is expected to report growth on both the top and bottom lines when it hands down its third quarter financial results …read the preview.
Others due to report:
Trading updates: Antofagasta PLC (LSE:ANTO), Barratt Developments PLC (LSE:BDEV), Liontrust Asset Management (LSE:LIO) PLC, Quilter PLC (LSE:QLT), RHI Magnesita NV, Segro PLC, BHP Group Ltd (LSE:BHP, ASX:BHP), Wandisco PLC
US earnings: Morgan Stanley (NYSE:MS), Proctor & Gamble Co, Netflix Inc (NASDAQ:NFLX), Tesla Inc (NASDAQ:TSLA)
AGMs: Ashmore Group (LSE:ASHM) PLC,
Economic announcements: Consumer Price Index (UK), Producer Price Index (UK), Retail Price Index (UK), MBA Mortgage Applications (US), Building Permits (US), Housing Starts (US), Crude Oil Inventories (US), Consumer Price Index (EU)
Thursday 19 October
Company previews:
An interesting array on Thursday, from financial sector giants LSE Group and Hargreaves, to different angles on where consmers are putting their money via casino owner Rank and delivery tech platform Deliveroo.
Despite the dearth of new listings in its home market, London Stock Exchange Group PLC (LSE:LSEG) has inspired optimism from UBS ahead of its third-quarter results …read the preview.
Hargreaves Lansdown PLC (LSE:HL.) on the other hand has reveived a more cautious view from the City …read the preview.
Things are on the up for Deliveroo PLC (LSE:ROO) though, which upped its profit guidance at its last update …read the preview.
Rank Group PLC (LSE:RNK), meanwhile, saw its profits shrink in the first half because of inflation, but City analysts believe this highlights the scale of potential recovery for the company in the coming years …read the preview.
Others due to report:
Trading updates: Dunelm Group PLC (LSE:DNLM), Mondi PLC (LSE:MNDI), Network International Holdings PLC (LSE:NETW), PensionBee Group PLC (LSE:PBEE), Rathbones Group PLC (LSE:RAT, OTC:RTBBF)
Interims: Centamin PLC (LSE:CEY, TSX:CEE, OTC:CELTF), Gear4Music (Holdings) PLC, Rentokil Initial PLC (LSE:RTO), Triple Point VCT 2011 PLC
US earnings: AT&T Inc, Blackstone Inc, Philip Morris International Inc (NYSE:PM), Taiwan Semiconductor Manufacturing Co Ltd, Intuitive Surgical (NASDAQ:ISRG) Inc
AGMs: Argo Group Ltd, Bridgepoint Group PLC (LSE:BPT), Pantheon International PLC (LSE:PIN), Rank Group PLC (LSE:RNK)
Economic announcements: Continuing Claims (US), Initial Jobless Claims (US), Existing Home Sales (US), Philadelphia Fed Index (US)
Ex-dividends to reduce FTSE 100 by: 1.80
Friday 20 October
Company previews:
IHG…Read the preview
Others due to report:
Trading updates: InterContinental Hotels Group PLC, Record PLC (LSE:REC), Foxtons (LSE:FOXT) Group PLC
US earnings: American Express Company (NYSE:AXP), Schlumberger NV
AGMs: GSTechnologies Ltd (LSE:GST)
Economic announcements: GFK Consumer Confidence (UK), Public Sector Net Borrowing (UK), Retail Sales (UK), Budget Statement (US)
[ad_2]
Source link