NatWest, inflation and water groups the headline grabbers this week
Last updated: 02:00 12 Feb 2024 EST, First published: 09:00 09 Feb 2024 EST
NatWest numbers and inflation, both in the UK and the US, will dominate this week’s agenda with company updates much quieter after all the tech excitement in the US of the past fortnight.
A substantial slug of macro news will compensate.
In the UK, inflation numbers are due Wednesday and are set to disappoint the government and markets, according to Deutsche Bank.
Economists at the bank predict another monthly increase, albeit a modest one to 4.1%.
Companies reporting include water groups Severn Trent and United Utilities, housewares retailer Dunelm, holiday group TUI and industrial property giant Segro.
Monday 12 February
US earnings: Arista Networks Inc (NYSE:ANET)
AGMs: Arix Bioscience PLC (LSE:ARIX), JPMorgan UK Smaller Companies Investment Trust PLC, Mears Group PLC (AIM:MER)
Economic announcements: Budget Statement (US)
Tuesday 13 February
TUI is another company mulling a move away from the LSE, to Frankfurt in its case. Will that overshadow what should be good numbers... read the preview
US inflation numbers will dominate trading in the afternoon... read the macro preview
Trading updates: TUI AG (LSE:TUI)
US earnings: Coca-Cola Co, Airbnb Inc (NASDAQ:ABNB, ETR:6Z1), Shopify Inc (TSX:SH., NYSE:SHOP), Upstart Holdings Inc
AGMs: Cellular Goods PLC (LSE:CBX), Iconic Labs PLC (LSE:ICON), JPMorgan Indian Investment Trust PLC, TUI AG, Xtract Resources PLC (LSE:XTR)
Economic announcements: Claimant Count Rate (UK), Unemployment Rate (UK), Consumer Price Index (US)
Wednesday 14 February
UK inflation is going to remain stubborn, according to Deutsche Bank economists. read the macro preview
Severn Trent and United Utilities have moved seamlessly to the top of the most-disliked company list through a combination of sewage dumping, inflation-busting price hikes and generous dividend payouts... read the preview
Dunelm's key points of interest are profit delivery and gross margin, says UBS, after a very strong first half. The market is wary of consumer-facing stocks at present... read the preview
Trading updates: Severn Trent PLC (LSE:SVT), United Utilities Group PLC (LSE:UU.)
Interims: Dunelm Group PLC (LSE:DNLM), Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF)
Finals: Coca-Cola HBC AG
US earnings: Barrick Gold Corp, CME Group Inc (NASDAQ:CME), The Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ), Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS), Occidental Petroleum Corp (NYSE:OXY), Quantumscape Corp (NYSE:QS), Twilio Inc (NYSE:TWLO)
AGMs: Tritax Eurobox PLC (LSE:EBOX), Gcp Infrastructure Investments Ltd, Gfinity PLC (AIM:GFIN), Tertiary Minerals PLC (AIM:TYM)
Economic announcements: Consumer Price Index (UK), Producer Price Index (UK), Retail Price Index (UK), MBA Mortgage Applications (US), Crude Oil Inventories (US), GDP (EU)
Thursday 15 February
Centrica PLC (LSE:CNA) is expected to report a dip in full-year profit in its latest update ... read the preview
Interims: Benchmark Holdings PLC (AIM:BMK), MJ Gleeson (LSE:GLE) PLC
Finals: Centrica PLC, RELX PLC (LSE:REL)
US earnings: Deere & Co, Applied Materials Inc (NASDAQ:AMAT, ETR:AP2), Coinbase Global Inc (NASDAQ:COIN), Liberty Global (NASDAQ:LBTYA) Ltd, Trade Desk Inc (NASDAQ:TTD)
AGMs: JPMorgan Asia Growth & Income PLC, Synergia Energy Ltd (AIM:SYN)
Economic announcements: Balance of Trade (UK), GDP (Preliminary) (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), Continuing Claims (US), Import and Export Price Indices (US), Initial Jobless Claims (US), Retail Sales (US), Retail Sales Less Autos (US), Capacity Utilisation (US), Industrial Production (US), Business Inventories (US)
Ex-dividend to reduce FTSE 100 by: 12.92
Friday 16 February
UK bank NatWest seemingly can’t keep itself out of the headlines... read the preview
Industrial property group Segro will also be looking to reassure with demand for big boxes seemingly on the wane...read the preview
Finals: NatWest Group PLC (LSE:NWG), Segro PLC, TBC Bank (LSE:TBCG) Group PLC
AGMs: Location Sciences Group PLC (LSE:LSAI, OTC:PXAMF), Red Rock Resources PLC (AIM:RRR), UK Oil & Gas PLC (AIM:UKOG)
Economic announcements: Retail Sales (UK), Building Permits (US), Housing Starts (US), Producer Price Index (US), University of Michigan Confidence (Prelim) (US)
