Tuesday preview: US retail sales, Kingfisher in focus
Kingfisher
311.30p
11:35 10/10/24
Investors' focus on Tuesday will be on the latest industrial production and retail sales numbers out of the US.
FTSE 100
8,235.92
11:35 10/10/24
FTSE 350
4,544.25
11:35 10/10/24
FTSE All-Share
4,501.61
11:35 10/10/24
General Retailers
4,245.32
11:10 10/10/24
The Department of Commerce will release the reports at 1315 BST and 1230 BST, respectively.
Later, at 1700 BST, the US Treasury will hold an auction of 20-year debt.
In the euro area, the main data point of the session will the ZEW institute's gauge of economic confidence in Germany covering the month of September that is due out at 0900 BST.
No major economic releases are scheduled in the UK.
On the corporate side of things, Kingfisher is among the names due to release results.
Investors' focus will be on the company's first half like-for-like sales, full-year guidance for profit before tax and what management had to say about current trading conditions, UBS analyst Antonio Tabet said.
Consensus is for a drop in LFL sales of 2.8% in the second quarter with half-year profit before tax seen at £283m, and full-year profit at £509m.
Tabet attributed the recent increase in the shares' forward price-to-earnings multiple from 9.5, at the time of the company's full-year 2024 results, to 12.1 times at present to the BoE's rate cuts and government proposals to build 1.5m new homes over the next five years. The latter compared to the 1.05m built over the preceding five years.
Tuesday 17 September
FINALS
Ferguson Enterprises Inc. (DI), Litigation Capital Management Limited (DI), Springfield Properties, Target Healthcare Reit Ltd
INTERIMS
Kingfisher, EJF Investments Ltd NPV, Diaceutics, THG, JTC, Northcoders Group, DP Poland, Franchise Brands, Good Energy Group, GCP Asset Backed Income Fund Limited, Jadestone Energy, Learning Technologies Group, Team17 Group, Kooth, EKF Diagnostics Holdings, Warpaint London, Dillistone Group
Fintel, Trufin, Next 15 Group, Billington Holdings, Litigation Capital Management Limited (DI), Henry Boot
Headlam Group
Q4
Ferguson Enterprises Inc. (DI)
AGMs
B90 Holdings NPV, Inspiration Healthcare Group, Sure Ventures
ANNUAL REPORT
Springfield Properties, Target Healthcare Reit Ltd
FINAL DIVIDEND PAYMENT DATE
Monks Inv Trust, Renold
INTERIM DIVIDEND PAYMENT DATE
Fresnillo
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
ZEW Survey (GER) - Economic Sentiment (10:00)
ZEW Survey (GER) - Current Situation (10:00)
ZEW Survey (EU) - Economic Sentiment (10:00)
Retail Sales (US) (13:30)
Industrial Production (US) (14:15)
Capacity Utilisation (US) (14:15)
Business Inventories (US) (15:00)