Skip to main content
  • Register
  • Help
  • Contact us
  • Log in to HL Account

Next week on the stock market

We take a look at what to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week.

Important notes

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Among the companies reporting next week;

  • The effects of further lockdowns will make themselves known in ITV's Studios business.
  • Trends are improving at Ibstock but how strong any recovery will be is still unclear.
  • We’ll see whether a slower-than-expected recovery in travel quashed Rolls Royce’s free cash plans.

FTSE 100, FTSE 250 and selected other stocks scheduled to report next week

08-Mar
Clarkson Full Year Results
Direct Line Group* Full Year Results
Diversified Gas & Oil Full Year Results
Network International Full Year Results
Pearson* Full Year Results
Phoenix Group Full Year Results
RHI Magnesita Full Year Results
09-Mar
Cairn Energy Full Year Results
Capital & Counties Full Year Results
Deutsche Post* Full Year Results
Domino's Pizza Group Full Year Results
Gamesys Full Year Results
ITV* Full Year Results
IWG Full Year Results
Keller Group Full Year Results
M&G* Full Year Results
Standard Life Aberdeen Full Year Results
TP ICAP Full Year Results
Ultra Electronics Full Year Results
10-Mar
Balfour Beatty* Full Year Results
CLS Holdings Full Year Results
FDM Group Full Year Results
Ibstock* Full Year Results
Inditex* Full Year Results
IP Group Full Year Results
Just Eat Takeaway.com Full Year Results
Legal & General* Full Year Results
National Express Full Year Results
Quilter Full Year Results
Spirax-Sarco Full Year Results
Tullow Oil* Full Year Results
11-Mar
Derwent London Full Year Results
Helios Towers Full Year Results
IG Group Q3 Trading Statement
Just Group Full Year Results
Marshalls Full Year Results
Playtech Full Year Results
Rolls-Royce* Full Year Results
Savills Full Year Results
Spirent Communications Full Year Results
WM Morrison Supermarkets* Full Year Results
WPP* Full Year Results
12-Mar
Berkeley Group* Trading Update
Hammerson Full Year Results

*Companies on which we will be writing research.

ITV – Sophie Lund-Yates, Equity Analyst

There are two main things to watch for in next week’s full year results. The first is the extent of revenue and margin dilution caused by higher costs and production delays in the Studios business. Extended lockdowns since last quarter means the recovery is probably being delayed even further than expected. This division is an increasingly important part of ITV’s future, as it tries to pivot away from relying on advertising revenues.

The second flashpoint will be those advertising revenues, which have been hit hard by reduced marketing spending in the pandemic. Broadcast revenue fell 13% for the first nine months of the year, to £1.3bn. ITV said this trend should start to recover in the fourth quarter, if lockdown ended as planned in early December. As we all know, that didn’t happen.

While the core divisions continue to battle uncertainty, we’ll also be keeping an eye on net debt and total liquidity. These stood at £775m and £1.2bn respectively at the last count. We don’t have immediate concerns over the group’s financial position at this stage. But with revenue and profits taking a hit, it’s something to keep an eye on.

See the ITV share price, charts and how to deal

Sign up to receive ITV research direct to your inbox

Ibstock – Nicholas Hyett, Equity Analyst

Ibstock’s most recent trading update reported “improving market trends” with “solid clay brick sales volumes, and concrete sales volumes modestly ahead of prior year levels”. While we know the year as a whole is still going to show a significant decline in revenues, down around 23% compared with 2019, the important question is what happens to margins going forwards.

With significant cost saving initiatives completed during the year, the group should be well placed to capitalise on any recovery. However, having mothballed some of its older factories during the peak of the pandemic, and with some uncertainty about the economic outlook, the question is really how strong that recovery can be.

See the Ibstock share price, charts and how to deal

Sign up to receive Ibstock research direct to your inbox

Rolls Royce – Sophie Lund-Yates, Equity Analyst

There’s no doubt it’s been a tough year for Rolls Royce, the question is whether it was even worse than expected.

Rolls Royce hoped widebody engine flying hours would rise to 55% of 2019 levels by the end of the year. But an unexpected round of further restrictions means we’d expect to see that forecast downgraded. Long-haul travel looks likely to be disrupted well into summer. We’d like to know what that means for management’s target of turning free cash flow positive in the second half.

Progress on the group’s massive restructuring plans is something else to watch, with 9,000 redundancies underway as part of a £1.3bn cost saving target. The shuffle also includes a target to generate more than £2bn from disposals – the sale of Rolls’ civil nuclear instrumentation and control business being one. The only question now is what will be next to go and whether too much trimming could cost the group future growth.

See the Rolls Royce share price, charts and how to deal

Sign up to receive Rolls Royce research direct to your inbox

Unless otherwise stated estimates are a consensus of analyst forecasts provided by Refinitiv. These estimates are not a reliable indicator of future performance. Past performance is not a guide to the future. Investments and income they produce can rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.


Share insight: our weekly email

Sign up to receive weekly shares content from HL

Please correct the following errors before you continue:

    Existing client? Please log in to your account to automatically fill in the details below.

    Loading

    Your postcode ends:

    Not your postcode? Enter your full address.

    Loading

    Hargreaves Lansdown PLC group companies will usually send you further information by post and/or email about our products and services. If you would prefer not to receive this, please do let us know. We will not sell or trade your personal data.


    What did you think of this article?

    Important notes

    This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

    Editor's choice – our weekly email

    Sign up to receive the week's top investment stories from Hargreaves Lansdown. Including:

    • Latest comment on economies and markets
    • Expert investment research
    • Financial planning tips
    Sign up

    Related articles

    Category: Shares

    Investing in media – where do some of the UK's media giants stand?

    We look at how Covid-19 has impacted ITV, WPP and DMGT, and what investors need to know.

    Sophie Lund Yates

    15 Apr 2021 5 min read

    Category: Shares

    Next week on the stock market

    We take a look at what to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week.

    Sophie Lund-Yates

    15 Apr 2021 4 min read

    Category: Shares

    IPOs – what are they and what investors need to look out for

    IPO investing - We take a deeper dive into the IPO process, looking at how it works, how to invest and what investors should look out for.

    Laura Hoy

    14 Apr 2021 6 min read

    Category: Shares

    Five Shares to Watch – first quarter update

    We take a look at how our five shares to watch for the year have performed so far this year.

    Nicholas Hyett

    08 Apr 2021 6 min read