The top 6 stories to look out for (22-26 February 2016)

1.    22-26 FEB
UK banks go head to head
Will this week’s full-year numbers from HSBC (Mon), Standard Chartered (Tue), Lloyds (Thu) and RBS (Fri) reinforce the negativity around a sector that is likely to face increasing challenges ahead?

2.    22-24 FEB
Positive outlook for housebuilders
Rising house prices, low mortgage rates and limited stock offers a positive combination ahead of results from Bovis Homes (Mon), Persimmon (Tue) and Barratt Developments (Wed).

3.    23 & 26 FEB
Ladbrokes and William Hill facing tough competition
Stricter taxes and online competition have hurt earnings, but this year’s Olympics and European Championship could offer a boost for Ladbrokes and William Hill.

4.    THU 25 FEB
Has the Kraft Heinz merger worked?
Having merged in 2015 with the backing of Warren Buffet’s Berkshire Hathaway, Kraft Heinz’s net loss ballooned because of integration costs last quarter, so this will be the first real test that the unified company can save costs.

5.    THU 25 FEB
Merlin Entertainments rebuilds reputation
After last summer’s tragic events at Alton Towers, where a number of people suffered serious injury, Merlin Entertainment’s share price has staged a recovery from last summer’s lows thanks to its handling of the tragedy and other attractions in Asia Pacific. 

6.    FRI 26 FEB
US Q4 GDP revision expected to disappoint
A stream of weak economic data has dramatically altered the outlook on US rates, and Friday’s Q4 GDP data is likely to reflect that, with an expected revision to 0.3%, from 0.7%. 
 

Key company earnings (22-26 February)

Monday
Bovis Homes Group (UK) - full-year
Cobalt International Energy (US) - Q4
Dechra Pharmaceuticals (UK) - half-year
Fitbit (US) - Q4
HSBC (UK) - full year
Macquarie Infrastructure (US) - Q4
Motorola (US) - Q4

Tuesday
Avis Budget Group (US) - Q4
Croda (UK) - full-year
Drax Group (UK) - full-year
Genus (UK) - half-year
GKN (UK) - full-year
Home Depot (US) - Q4
InterContinental Hotels (UK) - full-year
John Wood Group (UK) - full-year
Ladbrokes (UK) - full-year
Pan African Resources (UK) - half-year
Persimmon (UK) - full-year
Provident Financial (UK) - full-year
Macy's (US) - Q4
Meggitt (UK) - full-year
Morgan Advanced Materials (UK) - full-year
Morgan Sindall Group (UK) - full-year
Office Depot (US) - Q4
Standard Chartered (UK) - full-year
UNITE Group (UK) - full-year
The Vitec Group (UK) - full-year

Wednesday
Airbus Group (Fra) - full-year
Barratt Developments (UK) - full-year
Capital & Counties Properties (UK) - full-year
Chesapeake Energy (US) - Q4
Diamond Resorts International (US) - Q4
Hays (UK) - half-year
Hewlett-Packard (US) - Q1
International Personal Finance (UK) - full-year
Interserve (UK) - full-year
Lowe's (US) - Q4
Man Group (UK) - full-year
McBride (UK) - half-year
Petrofac (UK) - full-year
Rathbone Brothers (UK) - full-year
Salesforce.com (US) - Q4
STV Group (UK) - full-year
Target (US) - Q4
TJX Companies (US) - Q4
Weir Group (UK) - full-year

Thursday
Autodesk (US) - Q4
Best Buy (US) - Q4
Bodycote (UK) - full-year
British American Tobacco (UK) - full-year
Campbell Soup (US) - Q2
Capita (UK) - full-year
Countrywide (UK) - full-year
Derwent London (UK) - full-year
Deutsche Telekom (Ger) - full-year
Domino's Pizza (US) - Q4
Galliford Try (UK) - half-year
Gap (US) - Q4
Howden Joinery Group (UK) - full-year
Kohl's (US) - Q4
Kraft Heinz Co (US) - Q4
Lavendon Group (UK) - full-year
Lloyds Banking Group (UK) - full-year
Merlin Entertainments (UK) - full-year
Mohawk Industries (US) - Q4
National Express Group (UK) - full-year
Palo Alto Networks (US) - Q2
Premier Oil (UK) - full-year
Rentokil Initial (UK) - full-year
RSA Insurance Group (UK) - full-year
Serco Group (UK) - full-year
Spirent Communications (UK) - full-year
St James's Place (UK) - full-year
Starwood Property Trust (US) - Q4
United Business Media (UK) - full-year
Weight Watchers International (US) - Q4

Friday
Bayer (Ger) - full-year
Berendsen (UK) - full-year
Foot Locker (US) - Q4
Hilton Worldwide Holdings (US) - Q4
IMI (UK) - full-year
International Consolidated Airlines Group (UK) - full-year
Intu Properties (UK) - full-year
JC Penney (US) - Q4
Kennedy Wilson Europe Real Estate (UK) - full-year
Media General (US) - Q4
Pearson (UK) - full-year
Ricardo (UK) - half-year
Rightmove (UK) - full-year
Sotheby's (US) - Q4
William Hill (UK) - full-year
Royal Bank of Scotland Group (UK) - full-year


Company announcements are subject to change. All the events listed above were correct at the time of writing.


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