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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 information - 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.

This article is more than 2 years old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.

What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week:

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

10-July
No FTSE 350 Reporters
11-July
Dechra Pharmaceuticals Trading Statement
12-July
J D Wetherspoon* Trading Statement
ME Group International Half Year Results
PageGroup Q2 Trading Statement
Tullow Oil Trading Statement
13-July
Barratt Developments* Full Year Trading Statement
Experian* Q1 Trading Statement
Hays Q4 Trading Statement
John Wood Group Half Year Trading Statement
PepsiCo* Q2 Results
14-July
Ashmore Group Q4 Assets Under Management Statement
Burberry Group* Q1 Trading Statement
Ninety One Q1 Debt Management Statement

*Events on which we will be updating investors.

Barratt Developments – Aarin Chiekrie, Equity Analyst

Next week’s trading statement will give us an early peek into Barratt Developments’ full-year performance. We could expect to see that lower reservation rates across last year led to a slowdown in the number of completions. But the pullback on construction and land spend, should have helped the group’s net cash position to rise from the £600m we saw in May, to a mammoth £900m.

Barratt’s already guided for pre-tax profits to land in at around £877m, down from £1.1bn in the prior year. This comes with the backdrop of higher selling charges and elevated build cost inflation, the latter of which ran hot at 9-10%, which have both acted to squeeze margins. Build cost inflation was expected to ease to around 5% this year, and we’re keen to hear if there’s been any change on this front in next week’s update.

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Experian – Matt Britzman, Equity Analyst

First-quarter results from Experian should shed light on how lending conditions in both the UK and US are holding up, with implications that go far beyond Experian alone. Revenue guidance of 4-6% organic growth over the year is a clear sign that market conditions are softening. That’s not too surprising, as inflation and interest rates remain high.

Nonetheless, margins should remain resilient given the essential nature of various product lines adds pricing power - identity, credit and fraud checks are hardly something businesses can ditch altogether. In the longer term, the picture continues to remain a healthy one. As the world continues to digitise, the data-led solutions that Experian can offer businesses and consumers will likely act as ongoing growth drivers.

See the Experian share price, charts and our latest view

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PepsiCo – Aarin Chiekrie, Equity Analyst

Second-quarter results will show us how well PepsiCo’s handling the pressure of rising input costs. Last quarter, we saw organic revenue grow 14.3% to $17.8bn reflecting strong growth across Europe and the Americas, driven largely by continued price hikes. And despite inflationary headwinds pushing up costs, improved sales and other cost management measures helped keep underlying operating profit growing at a faster pace.

After the impressive first quarter, Pepsi’s already bumped up its full-year organic revenue guidance from 6% growth to 8%. That signals that management’s confident it can continue feeding through price hikes to customers while seeing little drop off in volumes - credit to Pepsi’s laser-like focus on brand quality in recent years. But we’re curious to see just how quickly these price hikes will get phased on to customers. Raising prices too sharply could risk leaving a bad taste in consumers’ mouths, pushing loyal customers down the value chain towards cheaper alternatives.

See the PepsiCo share price, charts and our latest view

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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.

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Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

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Article history
Published: 7th July 2023