Monday 22 November
-Full-year results from Diploma and Carr’s
-US existing homes sales data
-In the US, quarterly results from Zoom Video Communications
Tuesday 23 November
-First-half results from Severn Trent
AJ Bell investment director Russ Mould and financial analyst Danni Hewson said shares in Severn Trent have done nicely in the past year, rising by some 15% and setting a series of all-time highs since June.
They said analysts will be looking for more information from CEO Liv Garfield on the firm’s green recovery projects and its triple carbon pledge, as well as its progress in the AMP7 regulatory cycle that runs from 2020 to 2025 – the firm has already revealed in its July trading update and September’s analysts’ meeting it would rake in a better-than-expected £79m in outcome delivery incentives, or ODIs, for beating key regulatory targets.
-EU economic indicators
“As the debate over the pace of the economic recovery, the trajectory of inflation and whether monetary policy needs to be adjusted continues to rage, the main top-down feature of the week may come from Europe in the form of two sentiment surveys – the Ifo from Germany and the Courbe Syntethique, or Synthetic Curve, from Belgium,” said Mould and Hewson.
“The Ifo and the Courbe should be useful indicators as investors try to assess whether inflation, deflation or stagflation is on the cards.”
-Full-year results from Compass Group
Hargreaves Lansdown equity analyst Matthew Britzman said: “Considering catering companies were acutely hit by lockdowns, Compass’ recovery efforts can’t be knocked. Margins have been improving over the course of the year, as it tightened the screws on costs. The group’s targeting a return to margins above 7% before volumes fully recover. That won’t happen overnight, but it will be important to see if it’s heading in the right direction.”
-Full-year results from Avon Protection
-First-half results from Pets At Home, Cranswick, Telecom Plus and AO World
-Trading statement from CRH
-Flash manufacturing industry purchasing managers’ indices (PMIs) from Asia, Europe, the UK and US
-In the US, quarterly results from Medtronic, Analog Devices, VMWare, Dell, HP Inc, BestBuy, Dollar Tree, Gamestop, JM Smucker and Campbell Soup
Wednesday 24 November
-Full-year results from Britvic
Britvic’s shares are up by 40% from their pandemic panic lows and Mould and Hewson said analysts will be looking at geographical trends, especially in the company’s core markets of the UK and Brazil, and trends in volumes and pricing. They are also likely to scan the results for signs of how the soft drinks maker is meeting the challenge of higher input costs and funding investment in its brands while protecting its very healthy double-digit operating margins.
-Full-year results from Virgin Money UK
-First-half results from United Utilities
Hargreaves Lansdown equity analyst Laura Hoy said: “Post-pandemic life should be a good thing for United Utilities. Businesses reopening should boost consumption, but some of the added household demand should also stick around as working from home continues. At the half year results we’ll get some idea of how the two are balancing out and whether the group can expect elevated overall demand from here on out.
– First-half results from Johnson Matthey
-Trading updates from Intertek, Rotork and Breedon
-Interest rate decision from the Reserve Bank of New Zealand
-US durable goods orders
-US weekly unemployment claims
-US oil inventories
-US Personal Consumption Expenditure (PCE) index
-US new homes sales data
-In Asia, quarterly results from Xiaomi
-In the US, quarterly results from Pinduoduo and Deere
Thursday 25 November
-Full-year results from Mitchells & Butlers
-First-half results from Mitie, Mulberry, Forterra and Motorpoint
-Trading statement from Hill & Smith
-In Asia, quarterly results from Meituan and Alibaba Pictures
-In Europe, quarterly results from Remy Cointreau
Friday 26 November
-Trading statement from Reach
-Nationwide UK house price index
