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Vodafone and Imperial Brands both looking for a spark on Tuesday
Other scheduled results include those from Assura, Benchmark Holdings, Cranswick, DCC, Homeserve, Land Securities, Minds + Machines and Topps Tiles
Tuesday sees results from a pair of FTSE 100 giants that have been disappointing shares for a number of years: Vodafone and Imperial Brands.
In the market s eye, Vodafone Group PLC (LON:VOD) is far from the sexy stock it was when it was sitting on a pile of Verizon Wireless shares, with a discouraging couple of years and a dividend cut last year leading to an 18-year nadir being reached.
Airlines, tobacco and telecoms among key sectors in coming week, UK inflation data to provide macro flavour
Companies in the diary for the week include Ryanair and easyJet, as well as Vodafone, Imperial Brands and Royal Mail
The coming week is scheduled to see updates and results from a plethora of blue-chip brands, with Ryanair and easyJet representing the airline sector while tobacco group Imperial Brands, telecoms giant Vodafone and Royal Mail among the notable reporters.
However, other major brands are also in the pipeline including B&Q owner Kingfisher, publisher group Future and utility firm National Gird, while in the macro diary UK inflation data will be the headline news alongside new unemployment figures.
Outlook improves at Hyve amid vaccines, pent-up demand for events
Thu, 8th Apr 2021 10:44
(Alliance News) - Hyve Group PLC on Thursday noted travel restrictions remain in place across the globe but the events firm took heart from vaccine rollouts in the UK and US.
Hyve said it held 12 in-person events in Eastern Europe and Asia in the first half of its financial year. It expects revenue of GBP10 million in the six months to March 31, down 90% from GBP96.3 million a year earlier.
The GBP10 million estimate includes revenue from Groceryshop Spring Meetup which performed more than 10% above expectations and was acquired in December 2020.
Hyve Group PLC (LSE:HYVE) | RNS | Hyve Group PLC proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
8 April 2021 | 09:59am
StockMarketWire.com - Global events business Hyve said it expected revenue for the first half to be approximately £10 million boosted by the better-than-expected of Retail Meetup, which was acquired in December 2020.
Revenue from Groceryshop Spring Meetup is expected at more than 10% ahead of expectations.
In March, £15.9 million of further insurance claims have been approved, £5.0 million in respect of FY20 events and £10.9 million in respect of FY21 events, the company said.
To date insurance proceeds totaled £71.0 million, £22.0 million of which was received in FY20 and £49.0 million of which has been received or confirmed in FY21.
H1 2021 net debt is expected to be approximately £92m.