magazine archive
magazine archive
Week Ahead
Bank of England a step closer to cutting rates as it lowers inflation outlook
Thursday 16 May 2024As Dinah Washington used to sing, what a difference a day makes, although its relevance to central bank meetings and stock markets was probably the last thing on the great jazz musician's mind. While there was no change in official UK interest rates at the latest Bank of England MPC (Monetary...
Can Marks & Spencer deliver some more earnings magic?
Thursday 16 May 2024Retail bellwether Marks & Spencer (MKS) may need to deliver a modest ‘beat’ to the £679.8 million consensus pre-tax profit estimate, along with a reasonably confident outlook statement, when it serves up full-year results (22 May) if the foods-to-fashion giant is to sustain recent positive...
Will British Airways owner International Consolidated Airlines' revival continue in the first quarter?
Thursday 09 May 2024Airline operator International Consolidated Airlines (IAG) is due to report first-quarter numbers on 10 May. The British Airways, Iberia, Aer Lingus and Vueling owner has experienced a revival of fortunes recently due to strong consumer demand – people are still prioritising holidays despite the...
Goldilocks is back in the room after turbulent time for markets
Thursday 09 May 2024Having started the year betting on up to half-a-dozen interest rate cuts, then having to undo those bets as stronger-than-expected US economic data and Fed comments pointed at the possibility of one or even no cut in rates this year, investors’ heads have been in a spin for the last few weeks. Cue...
Slowdown in discretionary spending seen impacting Home Depot earnings
Thursday 09 May 2024On 14 May, the world’s largest home-improvement retailer Home Depot (HD:NYSE) is set to release its first-quarter earnings. The firm, which has a market value of over $330 billion and operates more than 2,300 stores in the US, Canada and Mexico, is expected to report EPS (earnings per share) of $3...
No change expected in Fed policy after data throws up more mixed messages
Thursday 02 May 2024While the market’s focus moved on to US company earnings last week, spurring a strong rebound, investors received another reality check in the form of the first-quarter GDP and core PCE (personal consumption expenditure) figures. GDP grew at the slowest rate in two years while the PCE came in...
What will investors want from BP’s first-quarter results?
Thursday 02 May 2024Since BP (BP.) reported its full-year results on 6 February, events in the Middle East have helped drive Brent crude oil prices higher to bubble around the $90 per barrel mark. While this has already provided a boost to BP’s share price, it is only likely to have affected the last few weeks of the...
Disney theme parks and subscriber numbers at the forefront when the entertainment giant reports
Thursday 02 May 2024Walt Disney (DIS: NYSE) is due to report second quarter earnings on 7 May. Analysts expect the House of Mouse to deliver revenue of revenue to come in at $22.11 billion for the quarter and EPS (earnings per share) of $1.09. !function(){"use strict";window.addEventListener("message",(function(a){if(...
All eyes on sales momentum for Eli Lilly's obesity drug Zepbound
Thursday 25 Apr 2024Pharmaceutical giant Eli Lilly (LLY:NYSE) is due to report first-quarter earnings before the market opens on 30 April. Wall Street is expecting EPS (earnings per share) of $2.54 which represents a 57% increase compared with the first quarter of 2023. All eyes will be on sales momentum in Lilly’s...
UK housing market springs a surprise but all eyes still turned to the US
Thursday 25 Apr 2024The week started with positive UK economic news as the April Rightmove (RMV) house price survey showed asking prices rising at 1.7% on last year, their biggest jump in 12 months, driven by more top-end properties coming to market. The average price of homes put up for sale reached £372,324, less...