Monday 14 April
- Trading statement from Ashmore
- Rightmove UK house price index
- In the US, quarterly results from Goldman Sachs and M&T Bank
Tuesday 15 April
- Full-year results from S & U, Everyman Media and Accesso Technology
- BRC UK retail sales index
- UK unemployment
- UK wage growth
- German ZEW economic survey
- In Europe, quarterly results from LM Ericsson
- In the USA, quarterly results from Johnson & Johnson, Bank of America, Citigroup, United Airlines and Albertsons
Wednesday 16 April
- First-half results from WH Smith
- Trading statements from Rio Tinto, Antofagasta and Hunting
- UK inflation
- EU inflation
- US retail sales
- US industrial production and capacity utilisation
- US NAHB housebuilding industry survey
- Bank of Canada interest rate decision
- US oil inventories
- In Europe, quarterly results from ASML, Heineken, EQT, Sandvik, Moncler and Brunello Cucinelli
- In the US, quarterly results from US Bancorp, Travelers, CSX, Las Vegas Sands, Citizens Financial, Alcoa, Bank OZK and Autoliv
- Barratt Redrow third-quarter trading update
FTSE 100 housebuilder Barratt Redrow will announce a trading update for its third quarter on Wednesday.
Uncertainty over the UK’s economic outlook has contributed to the newly-formed company’s shares being at 12 month lows. Barratt completed an all-stock purchase of Redrow in 2024.
“The first number to which analysts and shareholders will turn is the net reservation per sales outlet rate,” said Russ Mould, AJ Bell investment director and Dan Coatsworth, AJ Bell investment analyst.
“In the first half of the financial year to June, for the six months to December, this was 0.60, up from 0.48 in the equivalent period the year before. It will be interesting to see if this figure was flattered by buyers looking to get in before the expiry of 2022’s stamp duty land tax breaks on 1 April and any comments from Mr Thomas here will be of interest.
“Next analysts will switch to the forward sales book, which stood at £3.3 billion in December, to provide good visibility for the second half of the financial year that runs to June 2025. This should underpin Mr Thomas’ forecast of 16,800 to 17,200 housing completions in the year to June.
“Any colour on average selling prices will also be of interest, given the combined Barratt Redrow average of around £340,000 in the first half.”
Thursday 17 April
- Trading statements from Rentokil Initial, Dunelm and Deliveroo
- Japanese inflation
- Chinese Q1 GDP growth
- Chinese retail sales, industrial production and fixed asset investment growth
- Interest rate decision from the European Central Bank
- US new building permits
- US new housing starts
- US weekly initial unemployment claims
- In Australia, quarterly results from BHP
- In Asia, quarterly results from Taiwan Semiconductor Manufacturing (TSMC), China Mobile and China Unicom
- In Europe, quarterly results from Hermès, L’Oréal, UBS, Pernod Ricard and Bankinter
- In the US, quarterly results from United Health, American Express, Blackstone, and Fifth Third Bancorp
- Sainsbury’s full-year results
Sainsbury’s will release its full-year results on Thursday, a week after supermarket competitor Tesco reported its own results.
Despite a positive Christmas trading update at the start of the year, the company’s shares sit at multi-year lows, and are roughly level with where they were in 1987.
“Sainsbury’s has at least been more than holding its own in the grocery market here and it has kept its share above 15%, to stay second ranked behind only Tesco, according to consultants Kantar,” AJ Bell’s Mould and Coatsworth said.
“However, Asda’s revival of its rollback scheme is stoking fears of a price war and Tesco’s cut to its profit guidance for the coming year suggests it is gearing up for one, so chief executive Simon Roberts will no doubt be expected to give his views on this, and his firm’s strategy to confront any such developments.
“Analysts will first look to the like-for-like sales growth numbers for the final quarter. Grocery looks to have performed strongly again, to follow on from its strong third quarter showing, and general merchandise and Argos may have shown improved momentum at the end of a difficult year for both.”
Friday 18 April
- GfK UK consumer confidence
- UK construction, manufacturing and industrial production
- In Asia, quarterly results from Great Wall Motor
- In the US, quarterly results from Cleveland Cliffs