Liontrust, Charles Stanley, Close Brothers and Investec all report to the market this week as do Kingfisher and Easyjet. On the macro side, the CBI industrial trends survey and public sector net borrowing figures will be closely scrutinised, particularly with spending pledges being made in the election campaign.
Monday 18 November
– City Merchants High Yield Trust interim dividend
– Target Healthcare Reit interim dividend
Tuesday 19 November
– Easyjet final results
AJ Bell investment director Russ Mould noted Easyjet’s October trading update revealed full year pre-tax profit would come in between £420m and £430m, toward the higher end of prior guidance, for the 12-month period to September – a good effort considering the tough environment for airlines.
He said attention is therefore likely to focus on any outlook statement given for the 2020-21 fiscal year. Key moving parts will be capacity growth, bookings, load factor, costs and how the acquired operations at Berlin Tegel airport are going.
– US housing starts
Wednesday 20 November
– Sage Group final results
– Kingfisher trading statement
Mould said: “This will be the first chance for new chief executive officer Thierry Garnier to offer his thoughts on Kingfisher, its strategy and prospects. The former boss of the Chinese operations of French retail giant Carrefour replaced Véronique Laury at the helm of the owner of B&Q, Screwfix and Castorama on 25 September as investors lost faith in Laury’s five-year, One Kingfisher plan.”
– CBI Industrial Trends Survey
– US crude oil inventories
– Liontrust interim results
Thursday 21 November
– UK public sector net borrowing
The Share Centre investment research analyst Helal Miah said: “With all the spending pledges being made, there will be much more of a following and scrutiny of the UK’s public sector net borrowing figures for October to be published on Wednesday.”
– Charles Stanley interim results
– Investec interim results
– Close Brothers trading announcement
– Centrica results
– US initial jobless claims
Friday 22 November
– Germany GDP figures
