Online fashion retailer boohoo.com will publish its full-year results this week
Monday April 24
Production report: Anglo American
AGM: Biome Technologies, Microgen, Globaltrans Investment, Anglo American, Anglo African Agriculture
Economics: CBI industrial order expectations (UK), HPI m/m (US), Ifo business climate (GER)
Tuesday April 25
Expect few surprises from Whitbread, owner of Costa Coffee and Premier Inn owner when it publishes its preliminary results, after its January trading update. At the time, chief executive Alison Brittain said full-year results were expected to be in line with expectations, despite weakness in the Premier Inn business.
Third-quarter Premier Inn sales increased by 1.7pc, a slight slowdown from 1.9pc in the first half of the year, while total revenue per available room (revPAR), the hotel industry’s preferred measure, fell 6pc for the third quarter for its London hotels. Its coffee sales were more encouraging, with like-for-like sales at Costa growing 4.3pc in the 13 weeks to December. For the year ahead, analysts in the City are confident the FTSE 100 group will leave its expectations unchanged.
Full-year results: RedstoneConnect, Havelock Europa, Circassia Pharmaceuticals, Whitbread, Minds & Machines Group, Optibiotix Health, Amec Foster Wheeler
Interim results: Apax Global Alpha
Trading update: BHP Billiton, St. James’s Place, Elementis, Breedon Gorup, Carpetright, Equiniti, Virgin Money
AGM: Hammerson, Elementis, Entu, Metro Bank, Romgaz, Aggreko, Axis Bank
Economics: Public sector net borrowing (UK), Richmond manufacturing index (US), new home sales (US), CB consumer confidence (US)
Wednesday April 26
The British online fashion retailer Boohoo.com will deliver a stellar set of full-year results, after consistently outperforming over the past year. At the end of February the firm, which designs, sources and sells own-brand clothing to a core market of 16 to 24-year-olds in Britain and globally, upgraded its revenue forecast for the year, having already raised its guidance in January.
It now expects revenue growth in the 12 months to February 28 to be around 50pc. The growth in the past 12 months was largely driven by strong demand in the US. John Stevenson of Peel Hunt said: “The tidal wave of US traffic growth delivered over autumn/winter 2016 is unlikely to have lost momentum, suggesting spring/summer 2017 will be another season of outperformance.”
Full-year results: Walker Greenbank, GAN, U and I Group, Hunters Property, Boohoo.com
Interim results: Redefine International
Production report: Fresnillo, Hochschild Mining, Antofagasta
Trading update: Croda International, Jupiter Fund Management, London Stock Exchange, Standard Chartered, Tullow Oil, GKN, Metro Bank, GlaxoSmithKline
AGM: Admiral Group, Primary Health Properties, Henderson Group, Greencoat UK Wind, Devro, Glanbia, Bank of America, Tullow Oil, Telit Communications
Economics: CBI realised sales (UK), GfK consumer climate (GER)
Thursday April 27
The house builder Persimmon’s interim management statement is expected to confirm that trading remains robust. However, investors will be keen to see if the sector will be affected by the general election on June 8.
Clyde Lewis,of Peel Hunt said: “A modest short-term slowdown in activity is traditional.” In its full-year results, published in February, the FTSE 100 builder reported a 23pc increase in underlying full-year pre-tax profit to £782.8m, while full-year revenue rose 8pc to $3.14bn.
Full-year results: Havelock Europa, Air Partner, Aseana Properties, Gaming Realms, Harvey Nash Group, Styles & Wood Group, Brown (N) Group, Allied Minds
Interim results: AstraZeneca
Trading update: Persimmon, Weir Group, Travis Perkins, Schroders, Meggitt, Taylor Wimpey, Lloyds Banking Group, Berendsen, AstraZeneca, Aggreko, Kaz Minerals, Cobham, Howden Joinery Group, Greka Drilling, WPP
AGM:Jardine Lloyd Thompson, Minoan Group, DP World, AstraZeneca, Countrywide, LSL Property Services
Economics: Nationwide HPI m/m (UK), GfK consumer confidence (UK), core durable goods orders m/m (US), unemployment claims (US), preliminary wholesale inventories m/m (US), goods trade balance (US), durable goods orders m/m (US), pending home sales m/m (US), ECB press conference (EU), minimum bid rate (EU)
Friday April 28
Two months after reporting a 5pc jump in full-year operating profit, the insurer Hastings will issue a trading update. Last year, the FTSE 250 company increased customer numbers and market share. Hastings took a one-off pre-tax charge of £20m after the Government changed the rate for calculating lump sums for personal injury claims. The move is expected to lead to sharp increases in payouts, and investors will hope Hastings will provide an update on the impact it will have in the year ahead.
Last week, the shares hit a record high after broker Berenberg lifted its price target to 315p from 253p, citing the growth trajectory of the company and the current management team’s ability to deliver results.
Full-year results:Jersey Oil and Gas, Vimetco, Sirius Minerals
Trading update: Ultra Electronics Holdings, Royal Bank of Scotland Group, Barclays, Rotork, Hastings
AGM: HSBC Holdings, Bank of Ireland
Economics: Preliminary GDP q/q (UK), BBA mortgage approvals (UK), index of services 3m/3m (UK), advance GDP q/q (US), employment cost index q/q (US), Chicago PMI (US), revised UoM consumer sentiment (US), revised UoM inflation expectations (US), CPI flash estimate y/y (EU), M3 money supply y/y (EU), private loans y/y (EU), retail sales m/m (GER)[“Source-telegraph”]