View our top six stories to look out for this week (20-24 November), plus our key company earnings schedule.
The week ahead: declining equity markets & UK budget preview
Our Chief Market Analyst, Michael Hewson, examines the recent weakness in equity markets and whether there is more to come. He also looks ahead to the upcoming UK budget and its possible effects on the pound.
Watch the video preview >
Can AO World achieve a world-class share price?
Tuesday: It’s been an awful year for the online electronics retailer; its share price is languishing near all-time lows due to recent losses in its European business, which wiped out profit from its UK operations. AO World’s expansion in Germany and the Netherlands has come at a cost – although revenue rose in March, the share price continued to dive over profit fears in the region. With further concerns about UK consumer spending and tight margins, its UK profit could also come under pressure.
Easyjet spreads its wings
Tuesday: The UK’s biggest budget airline appears to have shown signs of benefiting from the travails of Ryanair – a 9.9% rise in passenger numbers in October helped to push the load factor from 90.2% up to 92.5%. EasyJet also recently announced the €40m acquisition of a number of slots in Berlin, which are set to consolidate its position at the expense of Ryanair and Lufthansa. This will also be the last set of results overseen by departing CEO Carolyn McCall, before Johann Lundgren replaces her in December.
Is Thomas Cook in need of a relaxing retreat?
Wednesday: It’s been a tough couple of years for the package holiday market, which has been hit hard by a declining pound, as well as a number of terrorist attacks across Europe and the Middle East. Thomas Cook’s summer update painted a more upbeat picture. Losses halved on the back of an 11% rise in summer bookings, as Bulgaria and Greece became alternative destinations of choice. Winter booking numbers were also showing improved demand as the company focuses more on its own brand hotels to boost numbers.
Fed minutes to provide rate insight
Wednesday: At its most recent meeting the US Federal Reserve left interest rates unchanged, as was expected. More importantly the updated language in the statement suggest a rate move in December is much more likely. Acknowledging this year’s hurricanes and the start of balance sheet reduction, the minutes should offer an insight into the mindset of Fed officials as to how the US economy is performing, and how many more rate rises we could see in 2018.
Is Europe’s economic recovery cooling off?
Thursday: Recent Q3 data has shown that economic activity in Europe accelerated in the summer months. However, early indications in October suggest some moderation, which could be carried over into November. Thursday’s German and French flash PMIs could reinforce that concern as the economic recovery matures in the wake of a stronger euro.
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Index dividend schedule
If you trade indices, dividend payments from an index's constituent shares can result in either a credit or debit to your account.
View this week's indices dividend drop points table
Monday 20 November Results
Agilent Technologies (US) Q4
Beacon Roofing Supply (US) Q4
Diploma (UK) Full-year
Enanta Pharmaceuticals (US) Q4
Gladstone Capital (US) Q4
Golub Capital BDC (US) Q4
Intuit (US) Q1
Mitie Group (UK) Half-year
NEX Group (UK) Half-year
Palo Alto Networks (US) Q1
Urban Outfitters (US) Q3
Tuesday 21 November Results
Analog Devices (US) Q4
AO World (UK) Half-year
Babcock International Group (UK) Half-year
Big Yellow Group (UK) Half-year
Caleres (US) Q3
Campbell Soup (US) Q1
Chico's FAS (US) Q3
Citi Trends (US) Q3
Compass Group (UK) Full-year
Cracker Barrel Old Country Store (US) Q1
CYBG (UK) Full-year
Daktronics (US) Q2
De La Rue (UK) Half-year
Dollar Tree (US) Q3
DSW (US) Q3
easyJet (UK) Full-year
EI Group (UK) Full-year
EVINE Live (US) Q3
GameStop (US) Q3
Guess? (US) Q3
Halma (UK) Half-year
Hewlett Packard Enterprise (US) Q4
HomeServe (UK) Half-year
Hormel Foods (US) Q4
Jacobs Engineering Group (US) Q4
Johnson Matthey (UK) Half-year
Kirkland's (US) Q3
Lowe's Cos (US) Q3
New Jersey Resources (US) Q4
Patterson Cos (US) Q2
QAD (US) Q3
Renew Holdings (UK) Full-year
Sage Group (UK) Full-year
salesforce.com (US) Q3
Scapa Group (UK) Half-year
Severfield (UK) Half-year
Signet Jewelers (US) Q3
Telecom Plus (UK) Half-year
Utilitywise (UK) Full-year
Wednesday 22 November Results
Biffa (UK) Half-year
Countryside Properties (UK) Full-year
Deere & Co (US) Q4
Euromoney Institutional Investor (UK) Full-year
NewRiver REIT (UK) Half-year
SSP Group (UK) Full-year
Thomas Cook Group (UK) Full-year
United Utilities Group (UK) Half-year
Thursday 23 November Results
Caledonia Investments (UK) Half-year
Caledonia Investments (UK) Half-year
Majestic Wine (UK) Half-year
Mothercare (UK) Half-year
Paragon Banking Group (UK) Full-year
Severn Trent (UK) Half-year
TR Property Investment Trust (UK) Half-year
Friday 24 November Results
No major US or UK companies reporting
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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