Monday 22 June
– Polar Capital final results
Polar Capital kicks off the week with its final results for the year ended 31 March 2020. An unaudited update in April revealed the fund group had shed £1.9bn worth of assets in the first quarter thanks to the coronavirus sell-off. Assets under management for the year were down 12% at £12.1bn compared with £13.8bn in 2019.
– The Work and Pensions Committee publishes a report on the Department for Work and Pensions’ (DWP) response to the coronavirus crisis
Key areas of focus include urging the pensions regulator to encourage workers who opted out during the Covid pandemic to re-enrol sooner than the three-year re-enrolment date and highlighting pension scam risks.
– Eurozone preliminary consumer confidence data for June
Tuesday 23 June
– Preliminary June IHS Markit manufacturing and services PMI readouts for the US, UK and eurozone
– Smart Metering System interim results
Wednesday 24 June
– Statement from the Bank of England financial policy committee
– Scottish cloud computing company Imoart reports
– In the US earnings updates from floundering department store JC Penney and fizzy drinks maker National Beverage Corp
Thursday 25 June
– Scottish Mortgage AGM
Baillie Gifford’s £11.2bn closed-ended vehicle is going ahead with its scheduled AGM on Thursday though as per government guidelines shareholders will not be allowed to physically intend and will instead have to vote and submit queries remotely.
Manager James Anderson’s (pictured) annual report, which Nick Train hailed as “mandatory reading for all investors”, showed the trust delivered 12.7% in share price gains in the year to 31 March despite the coronavirus sell-off while its benchmark the FTSE All-World Index delivered a loss of 6.2%.
– AG Barr, Balfour Beatty and Capita also hold AGMs, along with 23 other London-listed companies
– Auto Trader Q4 earnings release
The Share Centre notes the firm’s price has rebounded strongly since March when it plunged to a low of £3.65 and is now back up at £5.53 on the back of expectations for a reassuring outlook in the June update.
“The company remains a clear market leader and appears to have a resilient business model,” it said.
– ECB general council meeting
– Revised Q1 US GDP
– US initial jobless claims
Friday 26 June
– Marston’s Q2 earnings
The British brewer, pub and hotel operator has been devastated since the arrival of Covid-19 which wiped 80% off its share price in the month after the sell-off began on 20 February.
But the Share Centre notes its shares have recovered some losses last month following an announcement of its partnership with Carlsberg.
“Investors will be focusing on any updates relating to that and the management outlook following what has been a tricky few months,” the stock broker said.
– Tesco Q1 results
– UK car production stats for May
In April car production in the UK came to a screeching halt, plummeting 99.7% compared with the same month last year, the lowest output since the Second World War.
