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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Friday preview: Third-quarter results due from BA owner IAG

(Sharecast News) - On Friday, investors will eye the latest Halifax house price data, along with German trade figures and third-quarter results from British Airways and Iberia owner IAG. As far as IAG is concerned, UBS reckons the results will be ahead of consensus but said there is potential that the outlook weakens.

"We forecast 3Q revenues of €9,626m (3Q24: €9,329m, consensus €9,599m), with operating profit of €2,191m (3Q24: €2,013m, consensus €2,120m) and net profit of €1,550m (3Q24: €1,435m, cons €1,525m)," it said.

"Overall, the company is expected to have a good summer with N Atlantic weakness likely offset by Latam trading and a fuel tailwind benefit.

"We see ex fuel unit costs increasing by circa 3%.

"We think investor focus will be forward bookings in the UK given the upcoming autumn budget along with trends in the N and S Atlantic. We do not expect further capital returns at this stage."

Across the pond, it would normally have been time for the latest non-farm payrolls report, but that won't be happening due to the ongoing government shutdown. This will mark the second month in a row the payrolls report has not been released.

Friday November 07

INTERIM DIVIDEND PAYMENT DATE

Anglo-Eastern Plantations, AVI Japan Opportunity Trust , Banco Bilbao Vizcaya Argentaria SA, Barr (A.G.), Breedon Group , Christie Group, Judges Scientific, Kerry Group 'A' Shares (CDI), LSL Property Services, M. P. Evans Group, Microlise Group, Persimmon, Smith & Nephew, Spectris, TP Icap Group , Travis Perkins, Wickes Group

QUARTERLY PAYMENT DATE

British American Tobacco, CT UK High Income Trust, CT UK High Income Trust B , Tufton Assets Limited Npv

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Halifax House Price Index (07:00)

Non-Farm Payrolls (US) (13:30)

Unemployment Rate (US) (13:30)

Q3

International Consolidated Airlines Group SA (CDI)

SPECIAL DIVIDEND PAYMENT DATE

Alfa Financial Software Holdings , AVI Japan Opportunity Trust , Manchester & London Investment Trust

AGMS

JPMorgan Emerging Markets Inv Trust, Pennpetro Energy

TRADING ANNOUNCEMENTS

Me Group International

UK ECONOMIC ANNOUNCEMENTS

Unemployment Rate (07:00)

FINAL DIVIDEND PAYMENT DATE

Knights Group Holdings , Manchester & London Investment Trust, Mid Wynd International Inv Trust

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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