Wednesday preview: US durable goods orders, Bridgepoint in focus

The economic calendar is quite sparse in the middle of the week.

Stateside, a reading on durable goods orders for July are expected to show a dip following a big rise during the previous two months.

Across the Channel meanwhile, at 0900 BST the prestigious IFO institute will release its closely-followed business confidence index for Germany in August.

In the UK, at 1100 BST the Confederation for British Industry will publish the results of its Distributive Trades survey, also covering the month of August.

On the corporate side of things, Bridgepoint is due to publish its first half results.

The private equity outfit may provide an update on its UK Burger King franchise, which some reports indicate it is looking to sell, said Michael Hewson, chief market analyst at CMC Markets UK.

Worth noting, the firm, which has investments in Hobbycraft, Fat Face and Itsu, has already seen its shares jump in value in the month since its initial public offering.

In 2020, Bridgepoint posted £192m in revenues for just under £50m in profits, but on a much lower figure for assets under management.

Hence, said Hewson, expectations were high for a "decent" performance.

Wednesday 25 August

INTERIMS

Anglo Pacific Group, Costain Group, Grafton Group Ut (CDI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Import Price Index (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

FINALS

Clipper Logistics

AGMS

Adams, Afritin Mining Limited NPV, Joint Stock Company Kaspi.Kz GDR (Reg S) , Latham (James), Oxford Technology 2 VCT, Oxford Technology 3 VCT, Oxford Technology 4 Venture Capital Trust, Oxford Technology VCT, Pineapple Power Corporation