Related Articles
When Aviva PLC (LSE:AV.) (Aviva PLC (LSE:AV.)) reported its full year numbers in March the life insurer said it would return £4.75bn to shareholders despite seeing decline in profits.
However, the decline reflected Aviva selling eight non-core businesses over the last 12 months, as the business focusses on its core markets of the UK, Ireland and Canada.
It has also been joining other financial giants in making a wealth management acquisition, picking up Succession Wealth for £385m in an attempt to cement its position as a UK market leader.
As well as saying it was on target to make £750mln in savings by 2024, the former Norwich Union said it expects to see continued growth in its savings and retirement business in 2022 through workplace pensions and other related sales, while also pledging to up dividend spending 40% to £870mln.
Elsewhere, new Burberry Group PLC (LSE:BRBY) (Burberry Group PLC (LSE:BRBY)) chief executive Jonathan Akeroyd will be making his debut after joining from Versace in mid-March.
In an update in January, the board stuck to its medium-term guidance for high single-digit top line growth and said it expects adjusting operating profit for the year to grow by 35%.
But supply chain issues, cost inflation and consumer confidence have all become a bigger issue since then.
British Land Company PLC (LSE:BLND) (British Land Company PLC (LSE:BLND)), the real estate investment trust (REIT), will also be reporting on its full year results on Wednesday.
Ahead of the update, analysts at Barclays said there was still uncertainty about the recovery of the FTSE 100-listed REIT, despite a return to profit and increase in net asset value, though analysts upped their target price to 500p from 450p.
A day after we hear about UK unemployment and wage growth, the ONS releases the latest inflation data, which will show how much the cost of living has worsened.
The consumer price index was 7% in March, its highest level in 30 years, while core prices rose to 5.7%.
Economists predict CPI could reach or even top 9% in April, which would be a record high on the CPI measure, and with the Bank of England warning that it could reach 10% towards the end of the year, hence why it has pushed through its fourth interest rate and is predicting a potential recession next year.
Thursday 19 May
Finals: Great Portland Estates (LSE:GPOR) (Great Portland Estates (LSE:GPOR)) PLC, Investec PLC (LSE:INVP) (Investec PLC (LSE:INVP)), National Grid PLC (LSE:NG.) (National Grid PLC (LSE:NG.)), QinetiQ Group PLC (LSE:QQ.) (QinetiQ Group PLC (LSE:QQ.)), Royal Mail PLC (LSE:RMG) (Royal Mail PLC (LSE:RMG)), Young & Co’s Brewery PLC
Interims: Countryside Partnerships PLC (LSE:CSP) (Countryside Partnerships PLC (LSE:CSP)), easyJet PLC, Euromoney Institutional Investor (LSE:ERM) (Euromoney Institutional Investor (LSE:ERM)) PLC
Trading update: Essentra PLC (LSE:ESNT) (Essentra PLC (LSE:ESNT)), Fevertree Drinks (AIM:FEVR) (Fevertree Drinks (AIM:FEVR)) PLC, Tyman (LSE:TYMN) (Tyman (LSE:TYMN)) PLC, Watches of Switzerland PLC
FTSE 100 ex-dividends to reduce index by 15.47 points: Bunzl PLC (LSE:BNZL) (Bunzl PLC (LSE:BNZL)), GlaxoSmithKline PLC (LSE:GSK) (GlaxoSmithKline PLC (LSE:GSK)), Kingfisher PLC (LSE:KGF) (Kingfisher PLC (LSE:KGF)), Pershing Square PLC, Shell PLC (LSE:SHEL, NYSE:SHEL) (Shell PLC (LSE:SHEL, NYSE:SHEL), Shell PLC (LSE:SHEL, NYSE:SHEL)), Tesco PLC (LSE:TSCO) (Tesco PLC (LSE:TSCO)), Unilever PLC (LSE:ULVR) (Unilever PLC (LSE:ULVR))
Economic announcements: US weekly unemployment claims
Source link
