UK Market Watch: Aviva, ITV, Burberry, Imperial Brands, Compass, and UK GDP in Focus Next Week
As the week ahead gets underway, London-listed companies are set to dominate the news, with major announcements expected from Aviva, ITV, National Grid, Burberry, and Imperial Brands, among others. The economic calendar is also packed, with UK GDP and jobs data, as well as US retail sales, set to drive market sentiment.
According to Proactive Investors, company news from London-listed names continues at a pace in the coming week. The news from the weekend’s US-China trade talks is likely to drive markets in the early part of the week.
On Monday, 12 May, several companies are due to make announcements, including Diversified Energy Company, Caledonia Mining Corporation, and Victrex. The UK jobs market will be in focus on Tuesday, 13 May, with wage growth and retail sector data from the BRC. Proactive Investors reports that Bytes Technology Group PLC (LSE:BYIT, JSE:BYI) will also be in focus, following a share dealing misconduct investigation into former CEO Neil Murphy last year.
On Wednesday, 14 May, Burberry Group PLC (LSE:BRBY) has seen its shares fall as European luxury sector rivals have reported falling sales. Proactive Investors notes that analysts have explained that the picture is complex. Catering giant Compass Group PLC (LSE:CPG) is a company where analysts at UBS said might offer some shelter from the market storms. Imperial Brands PLC’s (LSE:IMB) guidance and new strategic plan will also be in focus, with its shares at their highest in over seven years.
Thursday, 15 May, brings a trading update from Aviva PLC (LSE:AV.), which has seen its shares rise over 20% so far this year. Proactive Investors reports that analysts reckon the company holds attractive potential, due to its diversified sources of earnings and the Direct Line acquisition. ITV PLC (LSE:ITV) is also due to report its first-quarter results, which could be dramatic, with the outlook for advertising revenue this year likely to be slashed, some analysts have warned.
Finally, on Friday, 16 May, media group Future PLC (LSE:FUTR) will provide its first update since February, when it backed guidance for the year despite ongoing challenges across the UK advertising market and a slowdown in its Go.Compare business. Proactive Investors notes that new CEO Kevin Li Ying has told analysts of his plans to evolve the publisher’s existing strategy, which may form a major part of the interim results announcement.
The economic calendar for the week is packed, with UK GDP and jobs data, as well as US retail sales, set to drive market sentiment. As Proactive Investors reports, the announcements are expected to provide a comprehensive picture of the current state of the UK economy and the impact of the US-China trade talks on the global market.
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