Reality bites at ITV after record viewing figures for ‘Love Island’
Broadcaster’s shares down by a third in difficult advertising market
Today
Interim results Ascential Tomorrow
Full-year results IG Group, PZ Cussons
Interim results Beazley, Fever-tree Drinks, Unite Group
Trading statement Paragon AGM Vodafone Economics CBI industrial trends survey (UK), existing home sales (US), consumer confidence (EZ)
Wednesday
Interim results Croda, Drax, Glaxosmithkline, Informa, ITV, Metro Bank, Rathbone Brothers, Segro, Tullow Oil Trading update
Antofagasta, Britvic, Marston’s AGM Mediclinic, Qinetiq
Economics Finance loans for housing (UK), composite PMI (US & EZ), new home sales (US)
TV has been buoyed by the runaway success of reality show Love Island, which broke its own record by raking in more than six million viewers.
But shareholders will want to know how the broadcaster has fared in a difficult advertising market. Shares have shed more than a third in the past 12 months.
Thursday
Full-year results Diageo Interim results Anglo
American, Astrazeneca, Bodycote, Capital & Counties, Gocompare.com, Howden Joinery, Lancashire Group, Morgan Advanced Materials, National Express, RELX, Unilever, Vesuvius
Trading update Aveva, Brewin Dolphin, Compass, Countryside Properties, Inchcape, Intermediate Capital, Kaz Minerals, Sage, Victrex, Wizz Air
AGM CMC Markets, Firstgroup, Halma, Pennon, Tate & Lyle
Economics CBI distributive trades survey (UK), wholesale inventories (US), durable goods orders (US), ECB monetary policy decision (EZ)
Diageo and other spirit makers have ridden the gin wave as the drink enjoys ever-increasing popularity. In May, it added the premium Villa Ascenti to its stable of brands which includes the likes of Gordon’s and Tanqueray.
The beverage conglomerate is typically a steady performer and said in May it expected high single digit sales growth. The spectre of tariffs looms, however – whisky is on the list of products threatened by the Trump administration in a trade spat with the EU.
Friday
Interim results IMI, Pearson, Rightmove Trading update Vodafone AGM United Utilities Economics First estimate second quarter GDP growth (US)
Vodafone cut its dividend for the first time in May on the back of a €7.6bn (£6.6bn) loss and mounting debt.
This update is a chance for boss Nick Read to show he is getting on top of challenges for the telecoms giant after he “voluntarily requested” a 20pc cut in his share awards as a concession to angry investors.