Convenience store operator McColl’s Retail could offer an early update today around the financial impact to be distracted by wholesaler / retailer Palmer & Harvey’s collapse a week ago.
It’s “inconvenient” for McColl’s but it’s “well-placed to cope”, stated Liberum analyst Adam Tomlinson, who added that P&H’s portfolio of approximately 120 supermarkets happens to be an chance for McColl’s.
Buying and selling update: McColl’s Retail Group
Financial aspects: Construction PMI (United kingdom), Factory orders (US), Durable goods orders (US), PPI (EU)
Plumbing and heating products seller Ferguson was hit hard by hurricane season in america but Jesse Trump’s corporate tax cuts can give the FTSE 100 group a good start in front of its buying and selling update, with Ferguson – formerly Wolseley – doing 90pc of their business in america.
Following Ferguson’s purchase of their Stark division within the Nordic region for €1bn (£880m), share buy-backs and acquisitions are actually also up for grabs, based on Hargreaves Lansdown analyst Danny Cox.
Full-year results: Victrex
Interim results: WYG
Buying and selling update: Ferguson, IG Group, McBride
Financial aspects: Services PMI (United kingdom, US & EU), New vehicle registrations (United kingdom), BRC sales (United kingdom), Trade balance (US), ISM non-manufacturing index (US), Retail sales (EU), GDP (EU)
Unhappy construction outsourcer Carillion is going to be searching to supply shareholders having a small crumb of comfort now after issuing its third profit warning of the season recently.
In its last profit warning Carillion stated it likely to breach a banking covenant in the finish of the season and can require “some type of recapitalisation” to recover.
The update led to its shares plunging, and Carillion’s valuation has stepped by a watch-watering 93pc in 2017 alone. Management have stated that they’ll update the marketplace soon on recovery plans.
Full-year results: RWS
Interim results: Stagecoach, Mulberry Group
Buying and selling update: Carillion
Financial aspects: Mortgage applications (US), ADP employment change (US)
Paper and packaging firm DS Cruz capped off a powerful year by sealing its promotion towards the FTSE 100 a week ago.
The organization walked up its US expansion in September by snapping up Interstate Sources and strengthening sales in Europe have lifted shares 32pc this season.
Pan-European e-commerce growth is constantly on the drive interest in its card board packaging and investors is going to be searching for more improvement in the interims, based on Hargreaves Lansdown analyst Danny Cox.
Interim results: DS Cruz, Clipper Logistics
Buying and selling update: Capita, HSS Hire
AGM: MJ Gleeson, Premier Oil
Financial aspects: Halifax HPI (United kingdom), Credit (US)
The housebuilding sector has had Brexit-related uncertainty in the stride but investors got the jitters recently following slowing figures from Redrow and Persimmon.
FTSE 100 peer Berkeley will now give investors more clues regarding the health from the sector and also the recent slowdown within the London market.
The greater affordable finish from the company’s qualities will probably perform better and also at the AGM in September management established that buying and selling was consistent with expectations, stated Peel Search analyst Clyde Lewis.
Full-year results: Electra Private Equity Finance
Interim results: Berkeley Group
AGM: Connected British Foods, Softcat
Financial aspects: Industrial production (United kingdom), Construction output (United kingdom), Trade balance (United kingdom)