Graham Spooner, Investment Research Analyst at The Share Centre, gives his thoughts on what to expect from companies announcing results week commencing 19 June 2017.
Whitbread (Q1 results)
The owner of the Premier Inns and Costa coffee chains warned in April that it expected a tougher consumer environment in the current year so the market will be looking out for any signs of that in the first quarter update. Costa will be a particular focus given recent signs of sales weakness but the market will also be checking the revenue per room figures for the Premier Inn. Any comments on full year guidance will be of interest. Margins are being squeezed by a range of factors and concerns about UK consumers' disposable incomes being impacted by rising inflation are also hindering the shares at present.
We currently list Whitbread as a HOLD
Announcements w/c 19 June 2017
22 June, Industrial Trends survey – Confederation of British Industry
UK manufacturing has put in a disappointing performance of late, seeing contraction in January, February and March of this year, although it did see expansion in April. Meanwhile, last month's industrial trends survey from the CBI rose to its highest level since February 2015 – with a reading of +9. With the purchasing managers index for April only just short of a three-year high, will the CBI survey point to further improvement in May?
Further announcements include
- Public sector finances, May – Office for National Statistics