Thursday preview: BoE, Close Brothers Group in focus
Close Brothers Group
230.00p
12:35 24/12/24
The market spotlight on Thursday will be firmly on the Bank of England as rate-setters meet to decide on policy.
Banks
4,870.34
12:54 24/12/24
FTSE 250
20,571.51
13:00 24/12/24
FTSE 350
4,491.87
12:54 24/12/24
FTSE All-Share
4,449.61
13:14 24/12/24
Bank Rate is expected to remain unchanged, but this time only two of the Monetary Policy Committee's nine members are expected to have voted for a cut, as opposed to four last time.
The policy announcement is scheduled for 1100 BST.
Later in the day, at 1230 BST, investors will be waiting on the latest US weekly jobless claims figures.
In parallel, the Federal Reserve Bank of Philadelphia will release the results of its closely followed regional factory survey.
In company news, merchant banker Close Brothers Group will release its full-year results.
UBS's Sanjena Dadawala anticipates that it will post a 22% decline in second half underlying profits to reach £73m, as higher costs and impairment charges more than offset income growth.
The analyst cited loan pricing and fee trends, cost growth, asset quality, and the fiscal year 2025 outlook for net interest margins in banking among some of the items that investors were expected to focus on.
Thursday 19 September
FINALS
Galliford Try
INTERIMS
Engage XR Holdings (CDI), Next, Maintel Holdings, S4 Capital, Crism Therapeutics Corporation Ord Npv, Portmeirion Group, Judges Scientific, Downing Renewables & Infrastructure Trust
TRADING ANNOUNCEMENTS
Ocado Group
AGMs
Liontrust Asset Management, JPMorgan Asia Growth & Income, Trakm8 Holdings, Augmentum Fintech, Supreme, Northern Bear
GMs
Ferrexpo
FINAL EX-DIVIDEND DATE
Jet2, IG Group Holdings, Artemis Alpha Trust, Cavendish Financial, PHSC, South32 Limited (DI), Walker Crips Group, Brooks Macdonald Group, Rank Group, Eckoh
FINAL DIVIDEND PAYMENT DATE
SSE
INTERIM EX-DIVIDEND DATE
Unite Group, Crest Nicholson Holdings, Luceco, Lords Group Trading, Elecosoft Public Limited Company, Essentra, Property Franchise Group, Triple Point Social Housing Reit, Bridgepoint Group (Reg S), Fidelity European Trust, Robinson, Diales, TwentyFour Select Monthly Income Fund Limited, Keystone Law Group, Kenmare Resources (CDI), Chesnara, Drax Group, EPWIN GROUP, Restore, Somero Enterprises Inc. (DI), Gamma Communications, PPHE Hotel Group Ltd, Oakley Capital Investments Ltd. (DI), Maven Income & Growth 4 VCT, Income & Growth VCT, Forterra, Thungela Resources Limited NPV (DI)
INTERIM DIVIDEND PAYMENT DATE
Atalaya Mining, Haleon, Scottish American Inv Company
SPECIAL EX-DIVIDEND DATE
Triple Point Energy Transition
QUARTERLY EX-DIVIDEND DATE
Patria Private Equity Trust, Energean, Regional REIT Limited NPV
UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Current Account (EU) (09:00)
Initial Jobless Claims (US) (13:30)
Philadelphia Fed Index (US) (13:30)
Current Account (US) (13:30)
Continuing Claims (US) (13:30)
Existing Home Sales (US) (15:00)