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Tuesday preview: BoE\'s Carney, Severn Trent in focus

By Alexander Bueso

Date: Monday 20 May 2019

Tuesday preview: BoE\'s Carney, Severn Trent in focus

(Sharecast News) - Investors are likely to focus on the Bank of England\'s Mark Carney on Tuesday.
The Governor and fellow MPC members, Ben Broadbent, Silvana Tenreyro and Michael Saunders are due to testify at 0930 BST before the Treasury Select Committee on the May Inflation Report.

Later in the day, at 1100 BST, the Confederation of British Industry will publish the results of its Industrial Trends survey covering that same month.

Stateside, figures on existing home sales in April are due for release at 1500 BST, together with speeches from Chicago Fed chief, Charles Evans, at 1600 BST, and the Boston Fed\'s Rosengren one hour afterwards.

Across the Channel, the European Commission will publish a preliminary reading on euro area consumer confidence in May at 1500 BST.

Among the companies set to update shareholders is Severn Trent.

Analyst James Brand at Deutsche Bank has penciled-in a 6% jump in full-year earnings before interest and taxes to reach £572m, helped by higher prices at the core water business, property sales and lower financing costs on the back of a decline in the indexation of inflation linked debt.

Profits before tax meanwhile are seen 17% ahead to £376m, adjusted earnings per share up by 16% at 140.5p and the company\'s dividend payout rising 8%.

Net debt, based on Severn\'s own definition, was also seen higher, reaching £5,772m.

Tuesday, 21 May

Finals

Severn Trent, Homeserve, Scapa Group, Cranswick, First Derivatives, Halfords Group, Electrocomponents, Assura, Footasylum, Big Yellow Group, Warehouse Reit, Schroder Real Estate Investment Trust Ltd, Immedia Group, Bloomsbury Publishing

Interims

Topps Tiles, Shaftesbury, Nexus Infrastructure, UDG Healthcare Public Limited Company, Premier Veterinary Group, Greencore Group, Renew Holdings

AGMs

Restore, Contour global, Warpaint London, Vitec Group, Impax Environmental Markets, Afarak Group (DI), Riverstone Energy Limited, EPWIN GROUP, JTC, Greggs, Non-Standard Finance, BP, OSJC Center for Cargo Container Traffic Transcontainer GDR (Reg S), Provident Financial, Marshall Motor Holdings, Hilton Food Group, Mortgage Advice Bureau (Holdings), Accesso Technology Group, Royal Dutch Shell \'A\', Lamprell, Metro Bank, Fidelity Japan Trust, Harworth Group, Mi-Pay Group, NAHL GROUP, Concurrent Technologies, Fresnillo, Corero Network Security

Final dividend payment date

Miton Group, Standard Life Aberdeen, TP ICAP, Sanne Group, Lloyds Banking Group, Holders Technology, Paddy Power Betfair

UK Economic Announcements

CBI Industrial Trends Surveys (11:00)

International Economic Announcements

Existing Home Sales (US) (15:00)



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