Among those currently scheduled to release results next week:
02-Mar | |
|---|---|
Bunzl | Full Year Results |
Oxford Nanopore Technologies | Full Year Results |
Senior | Full Year Results |
RHI Magnesita | Full Year Results |
Smith & Nephew* | Full Year Results |
03-Mar | |
|---|---|
Aberdeen Group | Full Year Results |
Fresnillo | Full Year Results |
Greggs* | Full Year Results |
Inchcape | Full Year Results |
International Workplace Group | Full Year Results |
Intertek Group | Full Year Results |
Johnson Service Group | Full Year Results |
Keller Group | Full Year Results |
Kier Group | Half Year Results |
Morgan Advanced Materials | Full Year Results |
04-Mar | |
|---|---|
Beazley | Full Year Results |
Metro Bank Holdings | Full Year Results |
Quilter | Full Year Results |
Vistry* | Full Year Results |
Weir Group | Full Year Results |
05-Mar | |
|---|---|
Admiral* | Full Year Results |
Aviva* | Full Year Results |
Coats Group | Full Year Results |
Elementis | Full Year Results |
Endevour Mining | Q4 Results |
Entain | Full Year Results |
Funding Circle Holdings | Full Year Results |
Grafron Group | Full Year Results |
Harbour Energy | Full Year Results |
Hunting | Full Year Results |
Ibstock* | Full Year Results |
ITV* | Full Year Results |
Lancashire Holdings | Full Year Results |
OSB Group | Full Year Results |
Pagegroup | Full Year Results |
Reckitt Benckiser* | Full Year Results |
Rentokil Initial | Full Year Results |
Serco Group | Full Year Results |
Taylor Wimpey* | Full Year Results |
06-Mar | |
|---|---|
IMI | Full Year Results |
Admiral is facing dual headwinds; is there light at the end of the tunnel?
Admiral comes into next week's results under a bit of pressure. 2025 profits are expected to grow 11%, but insurance is a slow business, and that largely reflects trends from 2024 and early 2025. The outlook is more important, and the insurance market is expected to be soft in 2026 as stalled pricing at the back end of last year starts to work through, putting pressure on margins. We’ll be watching closely for any indication that the pricing environment is improving, a trend we believe will flow through over the year, paving the way for improved conditions over the back half and into 2027.
Admiral has also found itself under pressure as fears around AI-driven distribution disruption and autonomous vehicles (AVs) have grown. While both themes will reshape insurance over time, the pace is slow, the net impact is manageable, and incumbent insurers are likely beneficiaries, not victims. We think these fears are overstated.
Tough conditions are turning up the heat on Greggs
Greggs had a strong finish to 2025, with sales growth accelerating in the final quarter to 2.9% as it scooped up market share. That was driven by improved menus, later opening hours, and 121 net new shop openings over the year – although the latter was a touch lower than originally planned. Despite this, full-year pre-tax profit guidance remains intact, expected to land at around £173mn, down 9% on the prior year.
With this already baked into expectations, we’re keen to hear how 2026 is shaping up in the early months. While the picture on the cost front is beginning to look more favourable, Greggs has plenty of other challenges still to wrestle with. Unhelpful changes to tax rules and minimum wages, slowing UK economic growth, and cost-conscious consumers are all weighing on the outlook. As a result, the group’s expected to say that underlying profits will flatline in 2026 when it reports next week.
Challenges look set to build in 2026 for Taylor Wimpey
Taylor Wimpey’s full-year results next week shouldn’t bring too many surprises, with a lot of the headline figures having been released back in January. Revenue in 2025 rose by around 12% to £3.8bn, helped by an uplift in total completions and higher average selling prices. Operating profits are also set to come in at around the £420mn mark, up only marginally on the prior year.
Much more important will be the outlook for 2026, and whether there’s any sign of demand improving. Last we heard, build-cost inflation was expected to remain in the low single digits. Current trends also appear unsupportive for Taylor Wimpey’s house prices in the near term, which looks set to squeeze margins. As a result, profit forecasts have come down in recent months, with markets now expecting a small decline in operating profits to around £409mn in 2026.
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