Monday 12 May
- US monthly Federal government budget deficit
- In Japan, quarterly results from Suzuki Motor
- In Europe, quarterly results from Hochtief, Evonik and United Internet
- In the US, quarterly results from Simon Property and Fox
Tuesday 13 May
- Full-year results from DCC
- First-half results from On The Beach, Renew and Treatt
- British Retail Consortium UK retail sales monitor
- UK unemployment
- UK wage growth
- German ZEW economic sentiment survey
- US inflation
- US NFIB smaller companies business index
- In Japan, quarterly results from Softbank, Honda Motor, Nissan Motor, Yamaha Motor and Rohm
- In Asia, quarterly results from Sea, JD and Tata Motor
- In Europe, quarterly results from Munich Re, Ferrovial and Bayer
- In the US, quarterly results from Nu, Tencent Music and Under Armour
Wednesday 14 May
- Full-year results from Experian, Burberry and Vertu Motors
- First-half results from Compass and Victorian Plumbing
- Quarterly results or trading updates from Spirax and Creston
- US oil inventories
- In Japan, quarterly results from Sony and Rakuten
- In Asia, quarterly results from Tencent, Alibaba and Hon Hai
- In Europe, quarterly results from E.On, Daimler Truck, Telefonica, ABN Amro, Alstom, Pirelli and TUI
- In the US, quarterly results from Cisco
- Imperial Brands first-half results
British multinational tobacco company Imperial Brands will report its first-half results on Wednesday, with the firm’s shares currently trading at a seven year high.
“The company continues to overcome a gradual decline in cigarette volumes by means of higher prices, market share gains in its five target markets and cost efficiencies, as well as improved returns from its Next Generation Products (NGPs),” said Russ Mould, AJ Bell investment director, Danni Hewson, AJ Bell head of financial analysis, and Dan Coatsworth, AJ Bell investment analyst.
“Key tobacco brands include JPS, Davidoff, Gauloises and Winston, while Imperial Brands’ leading NGPs are Blu for vapour and Pulze for heated tobacco, while skruf and zone are its leading oral nicotine products. The company sold its cigar brands back in 2021 for $1.3bn.”
Thursday 15 May
- Full-year results from 3i
- First-half results from Grainger, Auction Technology, Nexus Infrastructure and Premier Foods
- Quarterly results or trading updates from Aviva and Watches of Switzerland
- UK GDP growth
- UK construction, manufacturing and industrial output
- EU GDP growth
- US producer price (factory gate) inflation
- US retail sales
- US NAHB housebuilding industry survey
- US industrial production and capacity utilisation rate
- US weekly initial unemployment claims
- In Japan, quarterly results from Mitsubishi UFJ Financial
- In Asia, quarterly results from Singapore Airlines
- In Europe, quarterly results from Deutsche Telekom, Siemens, Allianz, Merck, RWE and Vallourec
- In the US, quarterly results from Wal-Mart, Applied Materials, Deere, Take Two Interactive and Birkenstock
- United Utilities full-year results
- National Grid full-year results
National Grid will announce its full-year results on Thursday. The firm’s shares are trading close to a five-year high, with AJ Bell’s Mould, Coatsworth and Hewson suggesting National Grid is “shrugging off” any fears over Labour’s plans for utilities.
“The electricity and energy networks specialist is still having a busy time of it though, as it prepares for new regulatory cycles here in the UK and in New Jersey and Massachusetts, continues to reshape its assets by means of disposals and announces as of last week the arrival of a new chief executive officer, Zoe Yujnovich, when John Pettigrew steps down this November after almost 10 years in charge.
“The regulatory reviews will determine, or at least approve, National Grid’s investment and pricing plans, and the FTSE 100 member’s budget for capital expenditure is set to rise sharply in the UK across the 2026-31 regulatory cycle, known as RIIO-T3.
“Last year’s £7bn rights issue will help to fund that, alongside the asset sales and organic cash flow, and analysts will look to both capex and cash flow for the year that ended in March and the new year just begun.”
Friday 16 May
- Full-year results from Land Securities
- First-half results from Future
- Japanese GDP growth
- Chinese retail sales, fixed asset investment and industrial production growth
- US building permits
- US building starts
- In Europe, quarterly results from Richemont, Swiss Re and Aegon
- In the US, quarterly results from Foot Locker