The first week of December is packed full with company announcements, central bank meetings, major economic data releases including the US non-farm payrolls and, in the UK, the Chancellor’s Autumn Statement on Wednesday.
Things should be a lot calmer when the UK grocer puts out a trading statement on Wednesday.
Even so, the business is still battling an accounting scandal and a severe slowdown in sales at home.
With new chief executive Dave Lewis on board, plans to restore reputation and deleverage the balance sheet are underway.
Could now be the right time to buy Tesco? Not according to JP Morgan Cazenove, which has reiterated its ‘underweight’ stance on the stock.
The broker has a target price of 145p, with shares currently trading around 180p.
The online betting exchange releases its interims on Thursday hoping it can continue to cash in while it lets punters cash out.
It’s new ‘Cash Out’ feature, that allows customers to lock in a profit or limit a liability before an event has finished, has helped drive up sales.
The firm generated £15.9mln worth of revenue from the World Cup, double what it made from the previous major international football tournament at Euro 2012.
Shares are currently priced at 1343p, valuing the firm £1.4bn
A second-quarter update from Pets at Home (LON:PETS) was received well by the market last month, though analysts at Oriel Securities kept a 'reduce' rating on the stock and recommended investors to "sell into any strength".
The pet shop chain releases its interims on Thursday after a recent trading update said like-for-like sales grew by 4.2% from March to October.
Its VIP club has been a strong contributor and has quickly become one of the UK’s fastest growing loyalty programmes, gaining more than 2 million members since launching in 2012.
Every time a member swipes their card when making a purchase in store, they collect points, which can then be converted into VIP Lifelines for an animal charity of their choice.
Shares are currently priced at 202p, valuing the firm at £1bn.
Significant announcements expected
Interims: Bonmarche (LON:BON)
Economic news: UK manufacturing, German manufacturing,
Economic news: UK construction PMI,
Economic news: Chancellor’s Autumn Statement, UK services PMI, EU retail sales, Japan monetary policy meeting minutes,
Economic news: UK industrial production, Halifax house price index, Bank of England interest rate decision (Nov)
Ecnomic news: Bank of England governor Mark Carney speaks, US non-farm payrolls