UK Car Lending

Thursday Sneak Peek: Global Services PMI, Focus on B&M Retail



On Thursday, financial markets will focus on a barrage of “final” survey reports from around the world covering activity in the services sector in May.

Preliminary impressions for the services sector The purchasing manager indices in the UK and the euro zone had already shown an acceleration in activity compared to the previous month – but there was room for upside surprises.

Significant US labor market data is also expected in the form of the latest initial weekly jobless claims figures and the private sector wage report from consultancy firm ADP.

On the business side, B&M Retail must publish its annual accounts.

The miscellaneous retailer has already tightened its forecast for earnings before interest, taxes, depreciation and amortization to £ 590-620million.

This compared to an estimate of UBS analyst Sreedhar Mahamkali for £ 605million.

Ironically, the ‘exceptional’ growth and increased profitability following the Covid-19 pandemic had left the consensus now anticipating a decline for the coming year to £ 534million.

Thursday 03 June

PROVISIONAL DATE OF START OF THE DIVIDEND

Albion Technology & General VCT, Associated British Foods, Aviva 8 3/4% Cumulative Irrd Preference 1, Brunner Investment 5% Prf, Foresight 4 VCT, Gateley (Holdings), General Accident ‘A’, Henderson European Focus Trust, Jersey Electricity ‘ A ‘shares, Kingfisher, Majedie Investments, Victrex plc

QUARTERLY PAYMENT DATE

Greencoat Renewables (CDI), Wheaton Precious Metals Corp. NPV (CDI)

EX-DIVIDEND QUARTERLY DATE

Honeycomb Investment Trust, Law Debenture Corp., Premier Miton Global Renewables Trust, RM Secured Direct Lending, Round Hill Music Royalty Fund Limited NPV, UIL Limited (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Continuing Complaints (US) (13:30)

Initial jobless claims (US) (13:30)

PMI Composite (EU) (09:00)

PMI Composite (GER) (08:55)

Composite PMI (United States) (14:45)

PMI Services (EU) (09:00)

PMI Services (GER) (08:55)

PMI Services (US) (14:45)

FINALS

Braemar Shipping Services, Discoverie Group, NewRiver REIT, Pennon Group, Workspace Group

AGMS

Camellia, Camellia, Centralnic Group, Checkit, Destiny Pharma, Flowtech Fluidpower, Informa, Menhaden, Michelmersh Brick Holdings, NetScientific, Pagegroup, The Pebble Group, Tissue Regenix Group

UK ECONOMIC ADVERTISEMENTS

PMI Services (9:30 am)

FINAL DATE OF DIVIDEND PAYMENT

Fundsmith Emerging Equities Trust, Macfarlane Group, Relx plc

EX-DIVIDEND FINAL DATE

Animalcare Group, Balfour Beatty, Billington Holdings, Computacenter, Gamma Communications, Hill & Smith Holdings, Hilton Food Group, Keller Group, Kingfisher, Learning Technologies Group, Marshalls, Michelmersh Brick Holdings, National Grid, Randall & Quilter Investment Holdings (DI), Renold 6% Semen. Prfd., Scottish Mortgage Inv Trust, Spectra Systems Corporation, Synthomer, Worldwide Healthcare Trust



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