Thursday preview: UK GDP, Burberry and B&M results

(Sharecast News) - Thursday will see the release of third-quarter UK GDP figures, along with first-half results from 3i, Burberry, Qinetiq, B&M European Value Retail and Premier Foods. Also slated for release are a third-quarter trading update from Aviva, Q3 results from Endeavour Mining, trading updates from Rolls-Royce, Persimmon and Spirax, and a 10-month trading update from Convatec.

As far as Burberry is concerned, UBS said it expects second-quarter retail sales of £425m, down 1% year-on-year and up 1% at constant currency, with 1% growth in like-for-like sales, "thus turning positive after seven consecutive quarters in the negative territory".

The bank expects first-half EBIT of £14m, with FY26E profits being largely skewed to the second half, in line with the company's prior guidance.

UBS said: "We expect investor focus to be on: (1) Any pricing taken by the brand in light of US tariffs and other measures taken to offset it amid still depressed profitability; (2) Performance by product category amid the brand's recent return to focusing on its core outwear category; (3) H2 wholesale outlook as a leading indicator of brand performance under the leadership of CEO Schulman; (4) Sales growth by consumer cluster and especially the Chinese nationals given recent signs of improvement in ML China; (5) FX impact on profits in FY26 (£15m headwind on profits as of Q1 FY26 results); (6) Comments on latest trends and Q3 FY26 outlook given the late timing of the company's results announcement (mid-November)."

In Europe, quarterly results are due from Siemens, Deutsche Telekom and Delivery Hero, with half-year results from Alstom, among others.

Across the pond, Walt Disney and Applied Materials are among the companies slated to report.

Thursday November 13

INTERIMS

B&M European Value Retail S.A. (DI), ICG, Marks Electrical Group, United Utilities Group

INTERIM DIVIDEND PAYMENT DATE

Coats Group

INTERIM EX-DIVIDEND DATE

Anpario, Bunzl, C&C Group (CDI), London Security, Mincon Group (CDI), Sainsbury (J), Schroder BSC Social Impact Trust, Triple Point Venture Vct, Wynnstay Properties

QUARTERLY EX-DIVIDEND DATE

BlackRock American Income Trust, BP, GSK, ICG Enterprise Trust, NextEnergy Solar Fund Limited Red, Octopus Renewables Infrastructure Trust , Pershing Square Holdings Ltd NPV, Pershing Square Holdings Ltd NPV (USD), The Renewables Infrastructure Group Limited

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (13:30)

Continuing Claims (US) (13:30)

Crude Oil Inventories (US) (15:30)

Q3

Atalaya Mining Copper, S.A. (CDI), Endeavour Mining, Integrated Diagnostics Holdings

SPECIAL DIVIDEND PAYMENT DATE

Abrdn Property Income Trust Limited

SPECIAL EX-DIVIDEND DATE

Lancashire Holdings Limited, Sainsbury (J)

AGMS

Fiske, Fonix , Galliford Try, Greatland Resouces Limited (DI), Kier Group, VietNam Holding Ltd

TRADING ANNOUNCEMENTS

Aviva, Convatec Group

UK ECONOMIC ANNOUNCEMENTS

Balance of Trade (07:00)

Gross Domestic Product (07:00)

Index of Services (00:00)

Index of Services (07:00)

Manufacturing Production (07:00)

FINAL DIVIDEND PAYMENT DATE

Abrdn Property Income Trust Limited , Hansard Global

FINAL EX-DIVIDEND DATE

Baillie Gifford Japan Trust, Fidelity Asian Values, Fidelity Emerging Markets Limited Ptg NPV, International Paper Comapny (DI), James Halstead, New Star Investment Trust, SThree