Tuesday preview: Bunzl earnings, ONS travel trends
By Iain Gilbert
Date: Monday 25 Aug 2025
(Sharecast News) - Tuesday will see the release of results from Bunzl, whose diversified distribution model often gives clues about broader supply chain trends, as well as Ashtead and Prudential, while macro calendar highlights will be the Office for National Statistics' travel trends and tourism update, which could prove useful for long-term sectoral analysis, especially for firms like IHG, TUI or SSP.
Barclays' Simon Atkinson said: "According to the Office of National Statistics, air passenger arrivals to the UK fell from 6.8m in February 2020 to 112,300 in April 2020. That's a fall of 98.3% in a few short weeks. 2020 would go on to be the worst year on record for global tourism, with international arrivals dropping by 74%, and, according to data from the UNWTO World Tourism Barometer, a loss of $1.3trn in expected revenues, which is more than 11 times the loss recorded during the 2009 global economic crisis.
"But the industry rebounded. There have been many changes to our lives after COVID-19 that will never be reversed, but our love of travel prevailed. Demand from 2020, 2021 and 2022 was simply pent-up, and 2023 and 2024 both proved to be record years for the industry. All of this leads to 2025, where we find an industry planning for a prosperous future."
In the US, July durable goods orders, June's housing price index, August consumer confidence figures, and the Richmond Federal Reserve's August manufacturing index were all on deck for Tuesday, while corporate earnings were slim, with traders looking ahead to AI darling Nvidia's quarterly earnings update on Wednesday.
Plus500's Muhammad Alamer said: "Analysts expect Nvidia to achieve Q2 revenue of $45.9bn representing a 53% increase from the previous year, along with $1.00 per share earnings that represent a 47% rise from last year. The market interest in forward guidance remains high because analysts predict Q3 revenue to reach approximately $52bn.
"Blackwell architecture drives Nvidia's main growth trajectory. The Blackwell Ultra GB300 GPU performs AI inference operations at 50 times faster speeds than the H100, and analysts project Blackwell revenue for Q2 2026 to reach $20.4bn. The demand from hyperscalers offers many opportunities for companies and investors across the value chain."
Tuesday, 26 August
INTERIMS
Bunzl, Prudential, Ashtead Technology
QUARTERLY PAYMENT DATE
Assura, Castings, Celebrus
QUARTERLY EX-DIVIDEND DATE
Segro, National Grid, Phoenix Group
FINAL DIVIDEND PAYMENT DATE
Oxford Instruments, Elixirr International, Invesco Bond Income Plus, M Winkworth
UK ECONOMIC ANNOUNCEMENTS
Office for National Statistics' Travel Trends: 2024 at 0930 BST
INTERNATIONAL EARNINGS
Williams-Sonoma, Urban Outfitters, Geberit, ASR, Mowi
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Reserve Bank of Australia August meeting minutes at 0230 BST
US July durable goods orders at 1330 BST
S&P/Case-Shiller June home price index at 1400 BST
Conference Board August consumer confidence figures at 1500 BST
Richmond Federal Reserve August manufacturing index at 1500 BST
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