Friday preview: UK retail sales, consumer confidence in focus

The market spotlight at the end of the week will be on the UK consumer.

Overnight, consultancy GfK will release the results of its closely followed consumer confidence survey for July.

It will be followed at 0700 BST by retail sales figures out of the Office for National Statistics covering the month of June.

German wholesale prices for June meanwhile are due out at 0600 BST.

Burberry will publish an update on is first quarter 2025 sales on Friday.

Investors' attention will be focused on the luxury fashion retailer's Chinese clients' demand following the 12% decline in sales seen in the fourth quarter of 2024, said Zuzanna Pusz at UBS.

Also in focus would be its guidance, especially as trends had not improved and analysts' expectations were for profits to be weighted towards the back half of the year.

Pusz had pencilled in £46m of profit in the first six months of the year followed by £242m in the last six months.

"Our reverse [discounted cash flow] valuation suggests the market is no longer pricing in a success of Burberry's turnaround, with [mid-single digit] sales growth."

Friday 19 July

INTERIMS

Capricorn Energy

INTERIM DIVIDEND PAYMENT DATE

AVI Global Trust , Gulf Keystone Petroleum Ltd Com Shs (DI), Impax Asset Management Group, RWS Holdings

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (EU) (09:00)

Producer Price Index (GER) (07:00)

ANNUAL REPORT

MS International

AGMS

Kistos Holdings, Personal Assets Trust

TRADING ANNOUNCEMENTS

Hargreaves Lansdown

UK ECONOMIC ANNOUNCEMENTS

GFK Consumer Confidence (00:01)

Public Sector Net Borrowing (07:00)

Retail Sales (07:00)

FINAL DIVIDEND PAYMENT DATE

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