Thursday preview: US data, Serco Group in focus

(Sharecast News) - The market spotlight on Thursday will be on the release of a raft of economic reports in the US. Among them will be a revised reading for first quarter GDP growth, weekly jobless claims, and durable goods orders and pending home sales.

Bank of England Governor Andrew Bailey is also due to deliver remarks, at 1100 BST.

Across the Channel, in Germany, at 0600 BST consultancy GfK will publish the results of its consumer confidence survey for Germany covering the month of July.

In the background, Serco Group will publish a pre-close update.

For Rory McKenzie at UBS, the first half results should be in line with estimates.

The analyst recommended watching out for any evidence as regards contract win momentum, signs of margin pressure and updated commentary regarding the outlook for government spending.

Indeed, he indicated that he had a 'sell' recommendation on the support services outfit's shares due to UBS's forecasts for weak contract awards outside of Defence.

That might result in below consensus profits across fiscal years 2026-28, he said.

Thursday 26 June

FINALS

Cake Box Holdings, Moonpig Group, Latham (James), Manolete Partners

INTERIMS

Schroder European Real Estate Investment Trust,

Patria Private Equity Trust

TRADING ANNOUNCEMENTS

Time Finance

AGMs

3i Group, Serabi Gold, Ondine Biomedical Inc. NPV (CDI), Tanfield Group, Amicorp FS (UK), Ecofin U.S. Renewables Infrastructure Trust, 80 Mile, CT Automotive Group, Caerus Mineral Resources, Next 15 Group, CREO MEDICAL GROUP, Genip, Built Cybernetics, Ingenta, Africa Opportunity Fund Limited, Northcoders Group, NAHL GROUP, Engage XR Holdings (CDI)

FINAL EX-DIVIDEND DATE

B&M European Value Retail S.A. (DI), Serica Energy, Templeton Emerging Markets Inv Trust, Ocean Wilsons Holdings Ltd., B.P. Marsh & Partners, Discoverie Group, Vertu Motors, Ecora Resources, Sirius Real Estate Ltd., Panther Securities, Norcros, TR Property Inv Trust, Premier Foods, International Consolidated Airlines Group SA (CDI), Helical, Value and Indexed Property Income Trust, Caledonia Investments, Montanaro European Smaller Companies Trust, Wynnstay Properties

FINAL DIVIDEND PAYMENT DATE

BlackRock Smaller Companies Trust

INTERIM EX-DIVIDEND DATE

JPMorgan Global Markets Emerging Income Trust, RWS Holdings, Hargreave Hale AIM VCT, Chelverton UK Dividend Trust, Personal Assets Trust, Hollywood Bowl Group, British Smaller Companies VCT, BioPharma Credit, AVI Global Trust, Residential Secure Income, BioPharma Credit, North American Income Trust (The), Lowland Investment Co, Tribal Group

INTERIM DIVIDEND PAYMENT DATE

Cardiff Property, Riverstone Credit Opportunities Income, VH Global Energy Infrastructure

SPECIAL EX-DIVIDEND DATE

Hargreave Hale AIM VCT, Personal Assets Trust, W.A.G Payment Solutions

QUARTERLY EX-DIVIDEND DATE

Duke Capital Limited, British American Tobacco

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (GER) (07:00)

Continuing Claims (US) (13:30)

Personal Consumption Expenditures (US) (13:30)

Durable Goods Orders (US) (13:30)

Gross Domestic Product (US) (13:30)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)