focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Tuesday preview: Global servoces PMIS, Travis Perkins in focus

Mon, 04th Mar 2024 13:54

(Sharecast News) - Investors' attention on Tuesday will be on a deluge of services sector Purchasing Managers Indices due out around the world.

Activity is expected to have held up especially well in the UK and U.S., whereas in the single currency bloc the sector was merely expected to have dodged a contraction.

The HCOB services PMI for the euro area was set for release at 0900 GMT, S&P Global's for the UK at 0930 GMT and that for the U.S. at 1445 GMT.

In the background, investors will also be keeping close tabs on the 'Super Tuesday' votes in up to 15 state primaries in the U.S. in the case of the Republican Party.

On the corporate side of things, builders' merchant Travis Perkins will update shareholders.

Consensus is for a 2.8% drop in sales to reach £4.85bn so that adjusted earnings before interest, taxes, and amortisation - including property profits - are seen falling by 38% to £183m.

Investors' focus is expected to be on the outlook for fiscal year 2024 and the review of its loss making businesses, says UBS analyst Marcus Cole.

Cole also said he saw a risk to the final dividend for 2023 with the broker anticipating no payout versus the consensus estimate for 15.5p.

On the corporate side of things, builders' merchant Travis Perkins will update shareholders.

Consensus is for a 2.8% drop in sales to reach £4.85bn so that adjusted earnings before interest, taxes, and amortisation - including property profits - are seen falling by 38% to £183m.

Investors' focus is expected to be on the outlook for fiscal year 2024 and the review of its loss making businesses, says UBS analyst Marcus Cole.

Cole also said he saw a risk to the final dividend for 2023 with the broker anticipating no payout versus the consensus estimate for 15.5p.

Tuesday 5 March

FINALS

IWG, SIG, Reach, Apax Global Alpha Limited, Headlam Group, Bakkavor Group, Johnson Service Group, Hiscox Limited (DI), Inchcape, XP Power Ltd. (DI), Rotork, STV Group, Travis Perkins, Intertek Group, Greggs, Keller Group, Fresnillo

INTERIMS

DotDigital Group, Beeks Financial Cloud Group

Q3

Ashtead Group

AGMs

Baronsmead Venture Trust, Aberforth Smaller Companies Trust, Driver Group, Edinburgh Worldwide Inv Trust, Jersey Electricity 'A' Shares, CC Japan Income & Growth Trust, Ajax Resources, Baronsmead Second Venture Trust

GMs

Beowulf Mining, UK Oil & Gas

INTERIM DIVIDEND PAYMENT DATE

Henderson Smaller Companies Inv Trust, PayPoint

UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

PMI Composite (09:30)

PMI Services (09:30)

INTERNATIONAL ECONOMIC ANNOUNCEMENTE

PMI Composite (GER) (08:55)

PMI Services (GER) (08:55)

PMI Composite (EU) (09:00)

PMI Services (EU) (09:00)

Producer Price Index (EU) (10:00)

PMI Composite (US) (14:45)

PMI Services (US) (14:45)

PMI Services (US) (15:00)

ISM Services (US) (15:00)

Factory Orders (US) (15:00)

Related Shares

More News
16 May 2024 10:25

Barclays upgrades on Travis Perkins to 'overweight'

(Sharecast News) - Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an...

16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

16 May 2024 07:45

LONDON BRIEFING: BT ups dividend; easyJet loss narrows

(Alliance News) - Stocks in London are called to open slightly lower on Thursday, shaking off New York's record performance.

2 May 2024 13:49

UK dividends calendar - next 7 days

1 May 2024 11:16

Wickes hails Lifestyle Kitchens sales jump; profit outlook unchanged

(Alliance News) - Wickes Group PLC on Wednesday reported a "solid start to retail" as mixed trends continued, while it reiterated its adjusted pretax ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.