Wednesday preview: Parliamentary debate on Withdrawal, Chancellor in focus

updated: 4 December 2018 at 11:32pm Author: Alexander Bueso

(Sharecast News) - All eyes on Wednesday will continue to be on the parliamentary debate around the Withdrawal Agreement recently negotiated by the Prime Minister with Brussels.
That will be even more true given that US markets will remain closed due to a National Day of Mourning for President George H.W. Bush.

In terms of data, the spotlight will fall on the latest IHS Markit service sector Purchasing Managers Surveys for November on either side of the Channel.

Following those, at 1300 GMT, the Chancellor is set to testify before the Treasury Select Committee on the UK's economic relationship with the European Union.

Interest rate decisions are expected in Canada, India and Poland.

Among the few corporates set to update markets on Wednesday is Stock Spirits.

Analysts at Numis estimated that the company will report nine-month sales of €171m and operating profits of €28.4m, while pegging full-year sales and profits at €281m and €46.3m, respectively.

Among other questions, analyst Damian McNeela expects the firm's management team to be queried on the competitive dynamics in key markets, including Poland, the Czech Republic and Italy, the payback from its strategic brands following recent investments, any potential for consolidation and on its recently inagurated QB wiskey distillery in Dublin.

IAG is also scheduled to release traffic statistics for the month of November.

Wednesday 05 December

INTERIMS

Stagecoach Group, Tricorn Group

INTERIM DIVIDEND PAYMENT DATE

Burford Capital , Marshalls

QUARTERLY PAYMENT DATE

Unilever

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

ISM Non-Manufacturing (US) (15:00)

MBA Mortgage Applications (US) (12:00)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:56)

PMI Composite (US) (14:45)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

PMI Services (US) (14:45)

Retail Sales (EU) (10:00)

FINALS

Majedie Investments, Numis Corporation, PCF Group, Stock Spirits Group

SPECIAL DIVIDEND PAYMENT DATE

VinaLand Ltd

AGMS

Ceres Power Holdings, Gattaca, MBL Group, River and Mercantile Group

TRADING ANNOUNCEMENTS

Joules Group

UK ECONOMIC ANNOUNCEMENTS

PMI Services (09:30)

FINAL DIVIDEND PAYMENT DATE

Ferguson, Galliford Try

FINAL EX-DIVIDEND DATE

Aeci 5 1/2% Prf