Thursday preview: Global PMIs, Barclays in focus
By Alexander Bueso
Date: Wednesday 23 Oct 2024
(Sharecast News) - Investors' focus on Thursday will be on a raft of purchasing manager survey results due out in the UK, euro area US.
Those for the UK are scheduled for release at 0830 BST and are expected to show that activity in both manufacturing and services slowed a tad from September's pace.
The opposite is expected to have occurred in the single currency blow, whilst activity levels in the States are expected to have remained roughly steady.
A speech by Bank of England Governor Andrew Bailey at 1945 BST will also be closely watched.
On the corporate side of things, Barclays is due to release its third quarter results.
Analyst Jason Napier at UBS has pencilled in profit before tax, excluding litigation charges, of £1,871m.
Total revenues for the quarter meanwhile are seen rising by 1% year-on-year to £6,291m.
The lender's common equity tier one ratio was pegged to come in at 13.7%.
Napier was anticipating that the key areas of focus for investors would include the UK hedge tailwinds, the momentum in Barclays's revenues from investment banking, consumer credit quality in the States and CET1 build.
Thursday 24 October
INTERIMS
Bloomsbury Publishing
INTERIM DIVIDEND PAYMENT DATE
Harworth Group, Morgan Sindall Group
INTERIM EX-DIVIDEND DATE
BAE Systems, Marshalls, Morgan Advanced Materials , Sanderson Design Group, Serica Energy, Touchstar
QUARTERLY PAYMENT DATE
Abrdn DIversified Income And Growth, Law Debenture Corp.
QUARTERLY EX-DIVIDEND DATE
Brunner Inv Trust, City of London Inv Trust, Tufton Oceanic Assets Limited NPV
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
New Homes Sales (US) (15:00)
PMI Composite (EU) (09:00)
PMI Composite (GER) (08:30)
PMI Manufacturing (GER) (07:30)
PMI Manufacturing (09:30)
PMI Manufacturing (EU) (09:00)
PMI Services (09:30)
PMI Services (EU) (09:00)
PMI Services (GER) (08:30)
Q3
Essentra, Indivior, Kerry Group 'A' Shares (CDI)
FINALS
Gattaca, Softcat
ANNUAL REPORT
Brooks Macdonald Group
SPECIAL EX-DIVIDEND DATE
Thorpe (F.W.)
AGMS
Alumasc Group, Brooks Macdonald Group, Kooth , Tufton Oceanic Assets Limited NPV
TRADING ANNOUNCEMENTS
Inchcape, London Stock Exchange Group, Renishaw, Unilever, W.A.G Payment Solutions
UK ECONOMIC ANNOUNCEMENTS
PMI Composite (09:30)
FINAL EX-DIVIDEND DATE
Kier Group, MJ Gleeson , Pacific Horizon Inv Trust, Thorpe (F.W.), Wetherspoon (J.D.)
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