News und Analysen

Look ahead to FTSE 350, other companies reporting & economic events from 18 - 22 September

• ASOS plc (LON:ASC) battles with a drift back to bricks and mortar stores
• Kingfisher plc (LON:KGF)’s

• Private sales reservations down 35%
• Net cash of £325m expected at the end of October
• Pre-tax profit guidance reiterated

Berkeley Group's Earnings

Berkeley Group Holdings PLC (LON:BKG)

• Full year guidance remains unchanged
• Group sales down 4% in 17 weeks to 26 August
• Computer sales weak
• Cost savings still front and centre

Currys's Full Year Guidance Remains Unchanged

• Profit before tax up 4% to £233.9m
• Group turnover up 21% to £2.24bn
• Customers up 4% to 9.41m
• Interim dividend down 15% to 51.0p, 38.0p normal + 13.0p special

Admiral’s Price Hikes

• Operating profit of £941m, down 2%
• Dividend of 5.71p, up 5%
• Stock of deferred profits up to £13.8bn

Legal & General’s Earnings

“Don’t be alarmed if numbers look a little different to

Look ahead to FTSE 350, other companies reporting & economic events from 14-18 August

• Legal & General Group Plc (LON:LGEN) looks to capitalise on the higher rate environment
• Can Admiral

• Second quarter net sales of $134.4bn far ahead of expectations of $131.5bn as retail and AWS sales rise
• AWS profits dip to $5.4bn from $5.7bn last year, North America retail back in profit

• UK/European markets look to steady after US/Asian sell-off.
• Bank of England meets to decide whether to hike rates once more.
• Rolls Royce reports vastly improved performance at half-year

• First-half sales of £12.0bn, up 11% ignoring exchange rate impacts
• Underlying operating profit rose 10% to 1.3bn
• Interim dividend raised 11% to 11.5p

BAE Systems’ Earnings

“A strong

• Half-year total income rose 24% to £7.7bn
• Net interest margin rose from 2.58% to 3.20%, 3.13% for Q2
• Net impairment charge of £223m, default levels remain steady
• Earnings per share of

Key Points

• Rivian stock has surged nearly 87% in the last month and 106% in the previous three months.
• Analysts maintain a Moderate Buy rating with a consensus price target of $27.11

VettaFi’s Fixed Income Symposium kicked off Monday morning with a discussion about the state of fixed income. Where will the Fed go next, and what can we learn from bonds’ return to relevance? How

Key Points

• Rivian’s stock has risen over 40% year-to-date after breaking above critical resistance levels and establishing firm support.
• The stock broke out after the company announced

Look ahead to FTSE 350, other companies reporting & economic events from 17 – 21 July

• Can Ocado Group PLC (LON:OCDO) overcome a difficult economic backdrop?
• Will sluggish market conditions

• Hunt and Sunak to consider review bodies’ pay proposals
• Barratt still on track to meet expectations
• UK GDP shrinks in May, but not by much
• Bob Iger given 2 more years at Disney
• Chinese

Currys’ (LON:CURY) full-year revenue fell 7% to £9.5bn on a like-for-like basis, with declines in all markets except Greece. This was due to a fall in consumer spending as persistent inflation and

• We Soda, the world’s largest producer of natural soda ash, has pulled out of plans for a listing on the London Stock Exchange.
• It would have been the biggest UK listing so far in 2023.

Key Points

• Constellation Brands stock was up 6.27% over the past three months and 9.01% over the past six months.
• Analysts recently upgraded price targets or reiterated “buy” ratings.

Pennon Group plc (LON:PNN)’s full-year underlying revenue rose 4.1% to £825.0m, reflecting contract wins by Pennon Water Services and a full twelve-month contribution from Bristol Water.

Look ahead to FTSE 350, other companies reporting & economic events from 29 May – 2 June

• Ocado Group PLC (LON:OCDO) set to drop out of FTSE 100
• Birmingham based engineer IMI plc (LON:IMI)

Pets at Home Group PLC (LON:PETS)’s full year revenue rose 6.6% to £1.4bn. In the core retail business, like-for-like growth was up 7.5% with revenue of £1.3bn. Sales were a record for the group

• Yesterday we heard that core inflation had risen to 6.8%, raising interest rate expectations.
• The swaps market is pricing in three or possibly four more rate rises to a peak of around 5.5% – up

• The International Organization of Securities Commissions which regulate financial markets unveils 18-point plan to put guardrails around crypto investing.
• Bitcoin rises as proposals propel

British American Tobacco’s (LON:BATS) CEO, Jack Bowles, is stepping down from the Board to be replaced immediately by Group Finance Director, Tadeu Marroco.

The release highlighted some of Mr