Thursday preview: Rolls-Royce results among the highlights on busy day

(Sharecast News) - Thursday sees the release of results from Rolls-Royce, LSEG, Hikma Pharmaceuticals, Howden Joinery, WPP, Drax, Derwent London, Ocado, PPHE Hotel Group, Jupiter Asset Management and Vanquis Banking. Results are also due from Genus and CVS Group, while Tate & Lyle will issue a trading update.

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said there's been little sign of turbulence at Rolls-Royce of late, with strong demand in its Civil Aerospace business remaining a running theme.

"Large Engine Flying Hours, a key driver of revenue for Civil Aerospace, grew by 8% over the first 10 months of the year, reaching 109% of pre-pandemic levels," he noted. "There's also been a significant amount of large engine orders coming in. That provides good near-term revenue visibility and keeps the outlook for this key segment on an upward trajectory.

"Elsewhere in the business, positive momentum in the Power Systems division continues to be driven by impressive growth in data centres, where demand for backup power systems remains high. Full-year guidance points to underlying operating profits landing between £3.1-3.2bn at next week's results. But with a growing track record of overdelivering, analysts see scope for profits to land slightly ahead of this figure."

On Monday, Sky News reported that Rolls-Royce will unveil plans with its results to return up to £1.5bn to investors via a fresh share buyback. The capital return will come on top of the final dividend.

In Europe, results are due from Allianz, Deutsche Telekom and Saint Gobain, among others.

In the US, Dell Technologies and Flutter Entertainment are among those slated to report.

Thursday February 26

INTERIMS

Avation, Genus, Pantheon International , Wilmington

INTERIM EX-DIVIDEND DATE

Ashmore Group, Calculus VCT , North Atlantic Smaller Companies Inv Trust, Northern Electricity Prf, Tribal Group

QUARTERLY EX-DIVIDEND DATE

Canadian General Investments Ltd., Diversified Energy Company (DI), Regional REIT Limited NPV, Unilever, Vaalco Energy, Inc (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (09:00)

Consumer Confidence (EU) (09:00)

Continuing Claims (US) (13:30)

Durable Goods Orders (US) (13:30)

Economic Confidence (EU) (09:00)

Industrial Production (EU) (09:00)

Initial Jobless Claims (US) (13:30)

M3 Money Supply (EU) (09:00)

Services Sentiment (EU) (09:00)

Q4

Burford Capital NPV (DI), Flutter Entertainment (DI), Hellenic Telecommunications Organization S.A. ADS(REPR 1/2 OF 1 SHS GRD750)

GMS

Me Group International, Sound Energy

FINALS

BioPharma Credit , Burford Capital NPV (DI), Derwent London, Diversified Energy Company (DI), Drax Group, Flutter Entertainment (DI), Greencoat UK Wind, Hellenic Telecommunications Organization S.A. ADS(REPR 1/2 OF 1 SHS GRD750), Hikma Pharmaceuticals, Howden Joinery Group, Jupiter Fund Management , London Stock Exchange Group, Macfarlane Group, Mobico Group, Ocado Group, PPHE Hotel Group Ltd, Rolls-Royce Holdings, Societatea Energetica Electrica SA GDR (Reg S), Telecom Egypt SAE GDS (Regs), Vanquis Banking Group 20, WPP

ANNUAL REPORT

Greencoat UK Wind

AGMS

Blencowe Resources , IntegraFin Holding, Polar Capital Global Healthcare Trust

TRADING ANNOUNCEMENTS

WH Smith

FINAL DIVIDEND PAYMENT DATE

Blackrock Frontiers Investment Trust, Compass Group

FINAL EX-DIVIDEND DATE

Baronsmead Second Venture Trust, Baronsmead Venture Trust, Brunner Inv Trust, Diales Group, Morgan Advance Materials 5% Cumulative 2nd Preference 1, Morgan Advance Materials 5.5% Cumulative 1st preference 1, Newcastle 12 5/8% Perm Int Bearing Shs #1000, Scottish American Inv Company, Tharisa (DI)