Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • rainbow over text: 'thank you NHS'
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Next week on the stock market

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:

  • We’ll be looking closely at Reckitt Benckiser’s strategy update
  • We should get a first look at the new, slimmer, WPP
  • RSA will be hoping for a case of “no news is good news”

FTSE 100, FTSE 250 and selected other stocks reporting next week

24-Feb
Ascential Full Year Results
Associated British Foods* Pre-Close Trading Statement
Bunzl Full Year Results
Dechra Half Year Results
25-Feb
Croda International Full Year Results
Derwent London Full Year Results
Hammerson Full Year Results
Meggitt Full Year Results
Morgan Advanced Materials Full Year Results
Petrofac* Full Year Results
26-Feb
Avast Full Year Results
Capital & Counties Full Year Results
Rio Tinto* Full Year Results
Serco Full Year Results
Taylor Wimpey* Full Year Results
Unite Group Full Year Results
Weir Group Full Year Results
William Hill* Full Year Results
27-Feb
Aston Martin Lagonda Full Year Results
AB InBev* Full Year Results
Bakkavor Group Full Year Results
British American Tobacco* Full Year Results
Drax Full Year Results
EVRAZ Full Year Results
Flutter Entertainment Full Year Results
Genus Half Year Results
Grafton Group Full Year Results
Greencoat UK Wind Full Year Results
Hastings Full Year Results
Hikma Pharmaceuticals Full Year Results
Howden Joinery Full Year Results
Hunting Full Year Results
Inchcape Full Year Results
James Fisher Full Year Results
Mondi Full Year Results
National Express Full Year Results
Pantheon International Half Year Results
Persimmon Full Year Results
Playtech Full Year Results
PPHE Hotel Group Full Year Results
Provident Financial Full Year Results
Reckitt Benckiser* Full Year Results
Rentokil Initial Full Year Results
RSA Insurance Group* Full Year Results
St James's Place Full Year Results
Standard Chartered Full Year Results
Vesuvius Full Year Results
Vistry Group* Full Year Results
WPP* Full Year Results
28-Feb
CRH Full Year Results
ConvaTec Full Year Results
IMI Full Year Results
International Consolidated Airlines Group* Full Year Results
Jupiter Fund Management Full Year Results
Rightmove* Full Year Results
Rolls Royce Holdings* Full Year Results
Man Group Full Year Results
Essentra Full Year Results

*Companies on which we will be writing research.

Reckitt Benckiser – Sophie Lund Yates, Equity Analyst

The big news in next week’s full year results will be new CEO Laxman Narasimhan’s strategy presentation. There are certainly a few issues that need ironing out, especially in the Health division, which accounts for the majority of sales.

Problems in Health contributed to group like-for-like sales growth of 1.6% in the third quarter, which was half what the market expected. Full year growth targets were lowered again to 0-2%. One of the problems is caution from Reckitt’s Health retail partners, which could be an indication the brand power of Reckitt’s big names is weakening. We’re interested to see if Narasimhan has plans to turn this disappointing trend around.

Other things to keep an eye on include how new management plans to stabilise margins – these are also expected to shrink this year as the group invests in building its brands. Finally, we’ll be looking for any renewed plans to split the company into separate Health and Hygiene Home businesses. Recent commentary and the departure of the Hygiene Home CEO would suggest this has been put on the back burner, but investors will want to know if a split is off the menu for good.

See the latest Reckitt Benckiser share price, charts and how to trade

Sign up for Reckitt Benckiser updates

WPP – Nicholas Hyett, Equity Analyst

These results represent the first full year of WPP’s new strategy. Having completed the disposal of market research group Kantar in December, the group should be more or less where Chief Executive Mark Read wants it.

The question now is whether the group has managed to sustain third quarter growth over the last 3 months of the year.

We will be keeping a particularly keen eye on the North American business where trends have been improving but revenue continues to shrink. Of particular interest is the performance of WPP’s Global Integrated Agencies. These are the key drivers of revenue, but arguably the most exposed to digital disruption. Plans to merge some of the larger names seems to be delivering results, and with potential for cost savings too that could do wonders for the bottom line.

See the latest WPP share price, charts and how to trade

Sign up for WPP updates

RSA – Sophie Lund-Yates, Equity Analyst

RSA’s CEO, Stephen Hester, was quite happy with the group’s third quarter results back in November. The third quarter’s been a stumbling block in the past, so Hester was happy to have made it through with minimal fuss. RSA wants to show investors it’s capable of meeting its targets, and steady progresses should be enough for that.

Premiums have been flat so far this year as growth in Scandinavia and Canada was offset by weakness in the UK & International business. The figure to watch out for is the Combined Operating Ratio (COR), which is the percentage of premiums paid out in claims and other costs. A figure above 100% means underwriting is unprofitable, and RSA as a whole was at 94.3% for continuing business at the half year and has been making progress. However, some lines of business are right on the edge of profitability, particularly on the commercial side. We may also get some indication of damages caused by the recent storms, although it could be too early.

See the latest RSA share price, charts and how to trade

Sign up for RSA updates

Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by Thomson Reuters. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Past performance is not a guide to the future. Investments 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.

    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

    Next week on the stock market

    What to expect from a selection of FTSE 100, FTSE 250 and selected overseas shares reporting next week.

    Nicholas Hyett

    05 Jun 2020 5 min read

    Category: Shares

    3 better performing sectors in the coronavirus downturn

    Our analysts take a look at which share sectors are faring better than others in the current crisis.

    Equity Research Team

    23 Apr 2020 8 min read

    Category: Shares

    Beware of bargain valuations in coronavirus market

    We look at why investors should beware of ‘cheap’ stocks and shares and pay extra attention to valuations at the moment.

    Nicholas Hyett

    01 Jun 2020 4 min read

    Category: Markets

    Stock Market drops – lessons from history

    While the causes have been different, we've seen markets move like this before. We take a look at what's happened in the past.

    Emilie Stevens, Equity Analyst

    01 Jun 2020 6 min read