Monday 19 May
- Full-year results from Big Yellow Group and Kainos
- Trading statement from Diageo
- Rightmove UK house price index
- Chinese retail sales, industrial production and tangible fixed asset investment monthly growth
- EU inflation
- In Europe, quarterly results from Ryanair
Tuesday 20 May
- Full-year results from LondonMetric Property and Cranswick
- First-half results from Diploma, SSP and Topps Tiles
- Trading statements from Smiths Group and Greggs
- Interest rate decision from the Reserve Bank of Australia
- Chinese one- and five-year interest rates
- In Europe, quarterly results from Wienerberger
- In the US, quarterly results from Home Depot, Palo Alto Networks, Amer Sports and Toll Brothers
- Vodafone full-year results
On Tuesday, mobile network provider Vodafone will report their full-year results. The company’s shares have slumped to near five-year lows and trade at a similar level to their price in 1997.
In an attempt to overhaul the firm’s structure and reduce the debt on its balance sheet, chief executive Margherita Della Valle has overseen the sale of its Spanish and Italian businesses for €5bn and €8bn respectively, alongside the merger of its UK operation with Three.
“The portfolio is narrower, so it can compete more effectively in a smaller range of geographies, debt is coming down thanks to the cash received for the disposals and – perhaps best of all – the underlying business is showing some momentum,” said Russ Mould, AJ Bell investment director, Danni Hewson, AJ Bell head of financial analysis and Dan Coatsworth, AJ Bell investment analyst.
Wednesday 21 May
- Full-year results from Severn Trent, Great Portland Estates and Helical
- First-half results from Avon Technologies
- Quarterly results or trading updates from Currys, Coats and Regional REIT
- UK inflation
- ECB Financial Stability Review
- US oil inventories
- In Asia, quarterly results from Baidu
- In the US, quarterly results from Lowe’s, Medtronic, Snowflake, Target, Best Buy, Urban Outfitters, American Eagle and Macy’s
- Marks & Spencer full-year results
Retailer Marks & Spencer will also report its full-year results this week, releasing the update on 21 May.
It follows January’s Christmas trading statement, which “read very well”, according to the AJ Bell trio.
“Food generated like-for-like sales growth of 8.9% and Clothing, Home and Beauty achieved a 1.9% advance on the same basis.
“Management remained cagey on the full-year outlook, given the uncertainties caused by last October’s Budget, but things have since taken a turn for the worse since, albeit for unexpected reasons in the form of the well-documented cyber-attack.
“The danger, therefore, is the results for the year to March 2025 are largely overlooked as analysts look to chief executive Stuart Machin and the board for a steer on when M&S’ online shopping and stock management systems will be fully operational once more.”
Thursday 22 May
- Full-year results from British Land, QinetiQ, Bloomsbury Publishing, Tate & Lyle and Investec
- First-half results from easyJet
- Quarterly results or trading updates from Intertek, ConvaTec and Hill & Smith
- Flash purchasing managers’ indices from Japan, Asia, Europe, the UK and USA
- US existing homes sales
- US weekly initial unemployment claims
- In Europe, quarterly results from Generali
- In the US, quarterly results from Analog Devices, Dollar Tree and Ralph Lauren
- BT full-year results
Friday 23 May
- GfK UK consumer confidence
- UK retail sales
- Japanese inflation
- US new homes sales