LONDON (ShareCast) - (Sharecast News) - The corporate and macroeconomic calendars will start to pick up again next week after the August lull, culminating in the US jobs report at the end of the week.
On the UK corporate front, Thursday sees the release of earnings from GKN owner Melrose and housebuilder Barratt Developments.

On Melrose, due to release first-half results, UBS said the autos division is expected to be affected by the ongoing semiconductor shortage, which is a known issue that could persist beyond FY21 as uncertainty remains as to when this shortage may be fixed in 2022.

"We also believe aerospace will see a slightly better-than-expected performance, but we still estimate a year-on-year decline in 1H21 of 11%. Raw material price increases are expected to have a limited impact as we believe Melrose will be able to pass on these costs to customers albeit with a slight time lag," the bank said.

As far as Barratt's full-year results are concerned, UBS said: "Given Barratt mostly guided for FY21 (to June) we don't expect major deviations from expectations."

The bank noted that consensus for GY22 pre-tax profit stands at £977m so it expects some upgrades over time given its forecast of £1.02bn.

On the macro calendar, the US non-farm payrolls report on Friday will be the highlight, with the pace of jobs growth set to have implications for the debate around how quickly the Federal Reserve tapers asset purchases.

Deutsche Bank said its economists are expecting that a further 750,000 will be added to non-farm payrolls, which will see the unemployment rate tick down to a post-pandemic low of 5.2%.

"That said, even 750k job growth for August would leave the total number of non-farm payrolls almost 5m below its pre-Covid peak back in February 2020, while the unemployment rate is some way above the 3.5% low pre-Covid, so it's clear the labour market still has some way to go to get back to its pre-Covid state.

"That's unlike the GDP figures, with real GDP having surpassed its Q4 2019 level in Q2 2021."



Monday August 30



QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd.



INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Industrial Confidence (EU) (10:00)

Pending Homes Sales (US) (15:00)

Services Sentiment (EU) (10:00)



FINALS

Base Resources Ltd



EGMS

Afarak Group (DI)



UK ECONOMIC ANNOUNCEMENTS

M4 Money Supply (09:30)

Mortgage Approvals (09:30)

Nationwide House Price Index (07:00)



Tuesday August 31



INTERIMS

AB Ignitis Grupe GDR (Reg S), Centralnic Group , Globaltrans Investment GDR (Reg S)



INTERIM DIVIDEND PAYMENT DATE

Polar Capital Global Financials Trust



QUARTERLY PAYMENT DATE

City of London Inv Trust, Custodian Reit , Picton Property Income Ltd



INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Chicago PMI (US) (14:45)

Consumer Confidence (US) (15:00)

House Price Index (US) (14:00)

Import Price Index (GER) (07:00)

Unemployment Rate (GER) (08:55)



Q2

AB Ignitis Grupe GDR (Reg S), Fondul Proprietatea S.A. GDR (Reg S)



GMS

Brave Bison Group, Just Group



EGMS

CableVision Holdings S.A. GDS



AGMS

APQ Global Limited, Edge Performance VCT 'H' Shares, Iomart Group, Northern 2 VCT, Puma Alpha Vct , Puma Vct 11, Puma VCT 12 , RUA Life Sciences



UK ECONOMIC ANNOUNCEMENTS

Consumer Credit (09:30)



Wednesday September 01



INTERIMS

888 Holdings, Churchill China, Johnson Service Group, Menzies(John), Petropavlovsk, PPHE Hotel Group Ltd, Uniphar (CDI)



INTERIM DIVIDEND PAYMENT DATE

Blackrock Income And Growth Investment Trust, Coventry 12 1/8% Perm Int Bearing Shs #1000, Jupiter Fund Management



QUARTERLY PAYMENT DATE

JpMorgan China Growth & Income



INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Auto Sales (US) (20:30)

Construction Spending (US) (15:00)

Crude Oil Inventories (US) (15:00)

MBA Mortgage Applications (US) (12:00)

Personal Consumption Expenditures (US) (13:30)

Personal Income (US) (13:30)

Personal Spending (US) (13:30)

PMI Manufacturing (GER) (08:55)

PMI Manufacturing (EU) (09:00)

PMI Manufacturing (US) (14:45)

Retail Sales (GER) (07:00)

Unemployment Rate (EU) (10:00)



FINALS

Arcontech Group



SPECIAL EX-DIVIDEND DATE

KKV Secured Loan Fund Limited 'C Shares', KKV Secured Loan Fund Limited NPV



AGMS

Appreciate Group, Eckoh, Jupiter Green Inv Trust, Kinovo , Polar Capital Technology Trust, Prime People, Severfield



UK ECONOMIC ANNOUNCEMENTS

BRC Shop Price Index (00:01)

PMI Manufacturing (09:30)



FINAL DIVIDEND PAYMENT DATE

Braemar Shipping Services



Thursday September 02



INTERIMS

Gem Diamonds Ltd. (DI), Gulf Keystone Petroleum Ltd Com Shs (DI), Inspired, Wentworth Resources NPV



INTERIM DIVIDEND PAYMENT DATE

Aferian



INTERIM EX-DIVIDEND DATE

Admiral Group, Antofagasta, Aviva 8 3/8% Cumulative Irrd Preference 1, Bristol Water 'A' 8 3/4% Cum Irrd Prf, Capital Limited (DI), Centamin (DI), Clarkson, Convatec Group , CPP Group, Franchise Brands, General Accident (Prf), Genuit Group, Globaldata, Grafton Group Ut (CDI), H&T Group, International Personal Finance, John Menzies 9% Cumulative Preference 1, JPMorgan American Inv Trust, Maven Income & Growth 4 VCT, Northern Electricity Prf, Pagegroup, Quilter, Rathbone Brothers, Robert Walters, S and U 6% Cumulative Prf. £1, Savills, Tclarke



QUARTERLY EX-DIVIDEND DATE

Diversified Energy Company , Premier Miton Global Renewables Trust, RM Infrastructure Income, UIL Limited (DI)



INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (US) (15:00)

ISM Manufacturing (US) (15:00)

ISM Prices Paid (US) (15:00)

Producer Price Index (EU) (10:00)



FINALS

Barratt Developments



SPECIAL EX-DIVIDEND DATE

Admiral Group, Glencore , Pagegroup, Puma Vct 11



AGMS

Blue Planet Investment Trust, Carclo, Jet2, Jlen Environmental Assets Group Limited NPV, Monks Inv Trust, Safestay, Watches of Switzerland Group



UK ECONOMIC ANNOUNCEMENTS

Continuing Claims (US) (00:00)

Initial Jobless Claims (US) (00:00)



FINAL DIVIDEND PAYMENT DATE

Pennon Group



FINAL EX-DIVIDEND DATE

BHP Group, Creightons, Downing Four Vct Generalist, Downing Four Vct Healthcare , Gresham House Strategic , Miton UK Microcap Trust, Panther Securities, Redde Northgate, Solid State



Friday September 03



INTERIMS

Eurocell



INTERIM DIVIDEND PAYMENT DATE

Avon Protection, BB Healthcare Trust (Red), Churchill China, Direct Line Insurance Group, FDM Group (Holdings), Inchcape, Lancashire Holdings Limited, Man Group, Moneysupermarket.com Group, Phoenix Group Holdings



QUARTERLY PAYMENT DATE

Honeywell International Inc., ICG Enterprise Trust



INTERNATIONAL ECONOMIC ANNOUNCEMENTS

ISM Prices Paid (US) (15:00)

ISM Services (US) (15:00)

Non-Farm Payrolls (US) (13:30)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

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)

Unemployment Rate (US) (13:30)



FINALS

Allergy Therapeutics, European Opportunities Trust



SPECIAL DIVIDEND PAYMENT DATE

Next



AGMS

Berkeley Group Holdings (The), Stagecoach Group



UK ECONOMIC ANNOUNCEMENTS

PMI Services (09:30)



FINAL DIVIDEND PAYMENT DATE

Cranswick, Iomart Group, NewRiver REIT, Severfield

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