Wednesday will see magazine publisher Future PLC deliver results, although investors may also be keeping an eye on final results from credit rating agency Experian and real estate firm Great Portland Estates.
Macro news will also be in focus mid-week as markets look to the latest UK inflation data as well as minutes from the latest meeting of the Federal Reserve.
Back to the Future
Magazine publisher Future PLC’s (LON:FUTR) interim results on Wednesday are likely to make for positive viewing given the company reported a strong performance in its Media division, which accounts for 70% of revenues, in the first four months of the year.
The firm has been boosted by a shift towards online advertising during the pandemic, so investors will be hoping that the trends will continue across the rest of the year and beyond.
There will likely be less fanfare for the magazine side of the business, which has seen ad revenues in both print and digital fall sharply. With this in mind, investors will be hoping the situation has not degenerated further.
Meanwhile, there will be some interest in the company’s shift towards its services offering, having acquired price comparison site GoCo in February, as well as whether it still expects its full-year profit to be “materially” ahead of previous market expectations.
Significant announcements for Wednesday May 19:
Trading announcements: Regional REIT Ltd (LON:RGL), Coats Group PLC (LON:COA)
Finals: Experian PLC (LON:EXPN), Great Portland Estates PLC (LON:GPOR), Ninety One PLC (LON:N91), Premier Foods PLC (LON:PFD), Severn Trent PLC (LON:SVT)
Interims: Future PLC (LON:FUTR), Marston’s PLC (LON:MARS)
Economic data: UK inflation, US Fed minutes