Tuesday preview: Whitbread results, UK GDP estimate, Carney speaks
Whitbread will take centre stage on Tuesday as the owner of Costa Coffee and Premier Inn hotels reports its second quarter results.
Morgan Stanley expects the group to post a 6% rise in like-for-like sales. However it sees sales growth slowing at Premier Inn and at Whitbread’s restaurants unit, reflecting tough comparisons with the same period a year earlier.
The analyst predicts like-for- like 7% rise in sales growth at Costa, as demand for coffee in the UK remains strong.
In its first quarter results, released on 17 June, Whitbread had said it was “well positioned for another good year with our strong brands continuing to win market share, reinforced by ambitious organic network expansion”.
On the macro-economic front, Bank of England Governor Mark Carney is due to speak in the morning.
UK gross domestic product forecasts from the National Institute of Economic and Social Research (NIESR) will also be high on the agenda.
A separate report on the UK’s trade balance is also due, with the deficit expected to narrow in July.
Industrial and manufacturing production figures for July are predicted to show growth of 1.3% and 2.2%, respectively.
Tuesday 9 September
INTERIMS
Brady, Corac Group, Dalata Hotel Group, HaloSource Inc. (Reg S), Hilton Food Group, JQW, Martinco , SafeCharge International Group Limited (DI), Stadium Group, Synety Group
INTERIM DIVIDEND PAYMENT DATE
LSL Property Services
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Current Account (GER) (07:00)
Retail Price Index (GER) (07:00)
FINALS
GEONG International Ltd., Hargreaves Services, ISG, Kalibrate Technologies
IMSS
Sports Direct International
SPECIAL DIVIDEND PAYMENT DATE
LSL Property Services
AGMS
Bailey (C.H.), Liontrust Asset Management, Oxford Instruments, Pets at Home Group
TRADING ANNOUNCEMENTS
Dixons Carphone , Fenner
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
BRC Sales Monitor (00:01)
Industrial Production (09:30)
Manufacturing Production (09:30)
FINAL DIVIDEND PAYMENT DATE
Entertainment One Limited