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Glencore, Entain, Flutter, prices - another big week ahead

Published 04/08/2023, 10:00
Updated 04/08/2023, 10:40
© Reuters.  Glencore, Entain, Flutter, prices - another big week ahead

Proactive Investors - Another slug of big names report next week though the emphasis will likely be on macro matters again after the shock Fitch US downgrade.

Monday kicks off relatively quietly with recruiter PageGroup, which has already warned that activity turned down sharply in the most recent quarter.

Glencore (LON:GLEN) (on Tuesday) similarly has already toned down its full-year expectations, though good results recently from rival hotel group Marriott should mean 'cash-machine' IHG (LON:IHG) is cheery enough.

Bellway (LON:BWY) is unlikely to have good news on housing on Wednesday while the impact of its increasingly disruptive row with Florida’s governor will overhang Walt Disney’s numbers and returning chief Bob Iger's plans. Also in the US, Flutter is likely to post its first profit from stateside sportsbook arm FanDuel.

Wealth platform Hargreaves Lansdown (LON:HRGV) has been in the City’s crosshairs recently due to the new consumer fair treatment rules that came into effect this month. What it has to say on that in Thursday's update will be worth noting as will any impact on fees.

For housebuilder Persimmon (LON:PSN), expect similar comments to Bellway, while bookie Entain (LON:ENT) is all about US arm BetMGM

Watch out too for a heavy ex-dividend day with payments predicted to knock more than 32 points off Footsie at the open.

Friday is an economic day with a snapshot of the UK’s economic health and US producer inflation numbers to set the mood.

Monday 7

Interims: PageGroup

Economic announcements: Halifax House Price Index (UK), Consumer Credit (US)

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Tuesday 8

Interims: Abrdn plc, Glencore plc, InterContinental Hotels Group plc, IWG plc, Rotork (LON:ROR) plc, Sig plc, TI Fluid Systems plc, Zotefoams plc

Economic announcements: BRC Sales Monitor (UK), Balance of Trade (US), Wholesales Inventories (US)

Wednesday 9

Trading updates: Bellway plc, TUI (LON:TUIT) AG

US earnings: The Walt Disney Company (NYSE:DIS)

Interims: Flutter Entertainment plc, Coca-Cola (NYSE:KO) HBC AG

Thursday 10

Trading updates: Watches Of Switzerland Group plc

Interims: Allianz (ETR:ALVG) Technology Trust plc, Entain plc, Persimmon plc

Finals: Hargreaves Lansdown plc

Economic announcements: RICS Housing Market Survey (UK), Consumer Price Index (US), Core Inflation (US), Continuing Claims (US), Initial Jobless Claims (US), Budget Statement (US)

Ex-dividend to reduce FTSE 100 by: 32.27

Friday 11

Interims: Beazley plc

Economic announcements: Balance of Trade (UK), Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), Producer Price Index (US), University of Michigan Confidence (Prelim) (US)

Read more on Proactive Investors UK

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