Monday 17 February
– Germany producer price index
Tuesday 18 February
– UK unemployment rate
– EU and Germany Zew economic sentiment survey
– Glencore final results
– BHP Group interim results
– HSBC annual results
Wednesday 19 February
– UK inflation figures
– UK retail sales
– US housing starts and mortgage applications
Thursday 20 February
– Rathbone Brothers final results
The discretionary fund manager’s Q3 2019 results revealed assets under management inched up 1% over the quarter ended 30 September to £49.4bn. Unit trusts brought in £319m worth of business but investors pulled £164m from the core investment management business which the firm attributed to weak investor sentiment and investment manager departures. It said it expected this to continue to weigh on net growth in funds under management into 2020.
– Lloyds Banking Group annual results
– BAE Systems final results
– US initial jobless claims data
Friday 21 February
– EU CPI
– CBI Industrial Trends Surveys
– ONS public sector finances
– Pearson final results
The Nick Train-held stock will be updating the market on Friday. In his 2019 review, Train described Pearson as one of the portfolio’s “shockers”, along with Irn-Bru producer AG Barr. He also described Lindsell Train as “possibly over patient investors” in the stock, which fell 30% over the year.
Train said the coming year would be important for Pearson as investors would be able to judge whether its multi-year investments digitising its intellectual property would ever pay off.
