Among those currently scheduled to release results next week:
07-Sep | |
|---|---|
Ashmore Group | Full Year Results |
Gamma Communications | Half Year Results |
Standard Life | Half Year Results |
08-Sep | |
|---|---|
Computacenter | Half Year Results |
Dunelm Group | Full Year Results |
Funding Circle Holdings | Half Year Results |
Johnson Service Group | Half Year Results |
09-Sep | |
|---|---|
Energean | Half Year Results |
Spire Healthcare Group | Half Year Results |
WAG Payment Solutions | Half Year Results |
10-Sep | |
|---|---|
Associated British Foods* | Q4 Trading Statement |
Currys | Trading Statement |
Genus | Full Year Results |
International Public Partnerships | Half Year Results |
Oakley Capital Investments | Half Year Results |
Playtech | Half Year Results |
TSMC | Monthly Sales Release |
11-Sep | |
|---|---|
Trainline | Half Year Trading Statement |
Associated British Foods is hoping for a sweeter end to the year
Associated British Foods reports its fourth-quarter trading update next week, with performance expected to remain relatively underwhelming. The key Primark business is forecast to deliver about 2% sales growth in the second half, despite a challenging retail environment, particularly for low-income consumers across the UK and Europe. This comes as continued like-for-like declines in its existing stores are expected to be offset by momentum in the US and growth from new store openings.
The sugar division remains a key watchpoint. Earlier this year, profitability came under pressure because of oversupply in Europe and rising energy costs. Alongside softer-than-expected trading at Primark, full-year underlying operating profit guidance has already been downgraded to below last year’s £1.7bn, and market forecasts are closer to £1.5bn. But sugar prices have surged in the past month. With another month to go before year-end, we’ll be looking for signs that the recent price improvement is feeding through to trading and whether it’s expected to continue into the new year.
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