It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Thursday preview: US Producer prices, Rolls Royce in focus

Wed 12 May 2021 11:43 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Investors' focus on the US will continue to be trained on the US, where factory gate price data for April are due out.

Forecasts are for final demand prices to accelerate from a year-on-year rate of 4.2% in April to 5.8% for May.

Also due out in the States, and likely to garner a lot of attention given the 'miss' in the April non-farm payrolls report, are the Department of Labor's latest initial weekly jobless claims figures.

On home shores, the Royal Institute of Chartered Surveyors is scheduled to publish its house price balance for April.

Further afield, rate-setters in the Philippines are due to meet to decide on policy.

In corporate news, Rolls Royce is scheduled to update investors on first quarter trading, with optimism tempered by the "uncertainty about when air travel is likely to return to any kind of normal post pandemic," says Michael Hewson, chief market analyst at CMC Markets UK.

Indeed, despite thousands of job cuts and cost savings, the engineer remained "hugely reliant" for a good proportion of its revenues on its aviation air miles.

At the end of 2020, the company guided towards a free cash outflow of £2bn for 2021, based on the assumption that wide-body engine flying hours would be at 55% of their 2019 levels.

Critically, it also expected to turn cash flow positive in the back half of 2021.

Nonetheless, for Hewson that forecast "still seems somewhat optimistic, and the share price performance since that guidance was issued in March appears to bear that out for now."

Hewson also noted how the sale of its Bergen engines unit was being held up by Norwegian authorities on national security grounds, while negotiations to sell its Spanish unit, ITP Aero, were being hindered by concerns about possible job losses.

Thursday 13 May


Brewin Dolphin Holdings, Grainger, Ten Lifestyle Group


Coral Products, Ecofin U.S. Renewables Infrastructure Trust, Ecofin U.S. Renewables Infrastructure Trust, Fidelity Special Values, Focusrite


Custodian Reit , Ediston Property Investment Company, FRP Advisory Group , Greencoat Renewables (CDI), Honeywell International Inc., Picton Property Income Ltd, Royal Dutch Shell 'A', Royal Dutch Shell 'B', The Renewables Infrastructure Group Limited


Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Producer Price Index (US) (13:30)


Burberry Group, e-Therapeutics


Access Intelligence, Balfour Beatty, Conduit Holdings Limited Com Shs (DI), Direct Line Insurance Group, Elementis, Empresaria Group, Eurocell , Hiscox Limited (DI), IGas Energy, Kenmare Resources (CDI), Luceco , Merchants Trust, Group, Ocado Group, One Media IP Group, Prudential, Quilter, Rolls-Royce Holdings, Serinus Energy NPV, SIG, Spire Healthcare Group, The Schiehallion Fund Limited NPV, TI Fluid Systems, Unite Group, Valeura Energy Inc NPV (DI)


Beazley, Conduit Holdings Limited Com Shs (DI), Contour Global , Hargreaves Lansdown


Convatec Group , F&C Investment Trust, Hammerson, Mondi


Avast, Cenkos Securities, Centaur Media, Clarkson, Elecosoft Public Limited Company, Empresaria Group, Epwin Group, FDM Group (Holdings), Franchise Brands, Gamesys Group, Gem Diamonds Ltd. (DI), Genel Energy, H&T Group, Holders Technology, Inchcape, Invesco Perpetual UK Smaller Companies Inv Trust, IP Group, Macfarlane Group, Ocean Wilsons Holdings Ltd., Pacific Assets Trust, Phoenix Spree Deutschland Limited Shs NPV , Reach, Serco Group, Spectris, Tandem Group, Vector Capital


Vaalco Energy, Inc (DI), Valeura Energy Inc NPV (DI)

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

    More company news from ShareCast