Friday preview: Corporate news scarce; US personal income and spending data eyed

updated: 26 September 2019 at 10:48am Author: Michele Maatouk

(Sharecast News) - After a string of disappointing updates from the likes of Pearson, Imperial Brands and Pearson on Thursday, a dearth of corporate releases to end the week may be a welcome relief for investors.
There are no major UK data releases due but in the US, market participants will turn their attention to personal income and spending figures for August.

RBC Capital Markets said the personal income and spending reports are "largely baked in the cake as we have both the employment and retail sales reports in hand already".

Personal income should see a decent advance in August, as evidenced by the robust 0.8% gain in production worker aggregate wages on the month, it said.

"Meanwhile, spending should be a touch more modest as control retail sales decelerated a touch from the very heady pace recently. All in, this points to real consumer spending profile of about 3.5% for the quarter. The US economy continues to chug along despite the trade war."

There won't be much to write home about on the corporate front, with just veterinary services company CVS Group set to release its full-year results.

In a trading update in July, the company said it generated total revenue for the year to the end of June of £406.5m, up 24.2% on the year. On a like-for-like basis, the group said it achieved revenue growth of 5.2% during the year, with LFL revenue growth of 3.8% in its core practices division.

Friday September 27

INTERIMS

ADES International Holding (DI) , GAN

INTERIM DIVIDEND PAYMENT DATE

Ascential, Baronsmead Second Venture Trust, Baronsmead Venture Trust, Camellia, Capital Drilling Ltd. (DI), Centamin (DI), CLS Holdings, Elementis, LPA Group, Mincon Group , Polymetal International, Reach, Rights & Issues Inv Trust Income Shares, Rotork, Secure Trust Bank, St James's Place, TI Fluid Systems

QUARTERLY PAYMENT DATE

Diversified Gas & Oil, Premier Global Infrastructure Trust, RM Secured Direct Lending, UIL Limited (DI)

QUARTERLY EX-DIVIDEND DATE

Total SA

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Industrial Confidence (EU) (10:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

Services Confidence (EU) (10:00)

U. of Michigan Confidence (US) (15:00)

FINALS

Byotrol, CVS Group

AGMS

Bermele, BlockChain Worldwide , Lucky Cement Ltd GDR (Reg S), MediaZest, San Leon Energy, United Carpets Group

UK ECONOMIC ANNOUNCEMENTS

CBI Distributive Trades Surveys (11:00)

FINAL DIVIDEND PAYMENT DATE

Auto Trader Group , Best of the Best, Dixons Carphone , Downing Four VCT DP2011 Gen A Shs, Downing Four VCT DP2011 Str A Shs, DWF Group , First Property Group, Miton UK Microcap Trust, Northgate, Van Elle Holdings