Stock Market News
Wednesday preview: Italian government, Workspace in focus
All eyes on Wednesday will continue to be on markets' biggest bugbears of late, populist parties in Rome and the ongoing global trade tensions
Closer to home, the emphasis will be on the ongoing Brexit talks with Brussels, although the key dates to watch for, the 12 June Commons vote on the EU Withdrawal bill and the 28-29 June EU leaders' summit, were still relatively 'far off', at least as far traders are concerned.
Against that backdrop, perhaps the key economic event on the economic calendar will be a speech by European Central Bank chief economist, Peter Praet at 0800 BST, followed by the always contentious US foreign trade numbers for April which are set to be published at 1330 BST.
In the corporate space meantime, Workspace, the commercial property-focused REIT, is among those companies due to update investors on Wednesday.
Analysts forecast the company would post full-year adjusted earnings per share of 35.8p, up from 30.6p for the same period one year ago.
Nevertheless, as analysts at Numis pointed out, some in the markets were concerned that investors might have gone too far too fast in rewarding the company's success in exploiting what they termed as the "structurally growing subsector" of flexible workspace.
Indeed, that had driven a sharp 28% run-up in the stock over the past year.
Analyst Paul Gorrie also highlighted the 'noise' in the background created by rival WeWork's recent $700m bond offering.
"Any wobble from WeWork could send ripples through the wider industry, and WeWork's aggressive growth continues to worry some that the nascent flexible office market is set to be flooded with space," he mused.
Yet for the moment at least, Gorrie did not believe that was a cause for concern, pointing to the differences between the two companies' business models, even if there was some 'overlap' both in terms of their offering and tenant base.
Wednesday June 06
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (GER) (07:00)
Gross Domestic Product (EU) (10:00)
UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (08:30)
FINALS
Alpha Financial Markets Consulting, Findel, RPC Group, Tricorn Group, Workspace Group
TRADING ANNOUNCEMENTS
WH Smith
GMS
BATM Advanced Communications Ltd., Carpetright
AGMS
Advanced Medical Solutions Group, Albion Technology & General VCT, Applegreen, Aurora Investment Trust, Bisichi Mining, F&C Commercial Property Trust Ltd., Flowtech Fluidpower, GCP Asset Backed Income Fund Limited, GVC Holdings, Hurricane Energy, M&C Saatchi, Plant Health Care, Sagicor Financial Corporation Limited (DI), Seplat Petroleum Development Company (DI), Share plc
FINAL DIVIDEND PAYMENT DATE
BBGI SICAV S.A. (DI), BlackRock Latin American Inv Trust, Intertek Group, Konami Holdings Corporation
INTERIM DIVIDEND PAYMENT DATE
James Halstead
INTERIM EX-DIVIDEND DATE
Barloworld Ltd.
QUARTERLY PAYMENT DATE
Unilever
Closer to home, the emphasis will be on the ongoing Brexit talks with Brussels, although the key dates to watch for, the 12 June Commons vote on the EU Withdrawal bill and the 28-29 June EU leaders' summit, were still relatively 'far off', at least as far traders are concerned.
Against that backdrop, perhaps the key economic event on the economic calendar will be a speech by European Central Bank chief economist, Peter Praet at 0800 BST, followed by the always contentious US foreign trade numbers for April which are set to be published at 1330 BST.
In the corporate space meantime, Workspace, the commercial property-focused REIT, is among those companies due to update investors on Wednesday.
Analysts forecast the company would post full-year adjusted earnings per share of 35.8p, up from 30.6p for the same period one year ago.
Nevertheless, as analysts at Numis pointed out, some in the markets were concerned that investors might have gone too far too fast in rewarding the company's success in exploiting what they termed as the "structurally growing subsector" of flexible workspace.
Indeed, that had driven a sharp 28% run-up in the stock over the past year.
Analyst Paul Gorrie also highlighted the 'noise' in the background created by rival WeWork's recent $700m bond offering.
"Any wobble from WeWork could send ripples through the wider industry, and WeWork's aggressive growth continues to worry some that the nascent flexible office market is set to be flooded with space," he mused.
Yet for the moment at least, Gorrie did not believe that was a cause for concern, pointing to the differences between the two companies' business models, even if there was some 'overlap' both in terms of their offering and tenant base.
Wednesday June 06
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (GER) (07:00)
Gross Domestic Product (EU) (10:00)
UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (08:30)
FINALS
Alpha Financial Markets Consulting, Findel, RPC Group, Tricorn Group, Workspace Group
TRADING ANNOUNCEMENTS
WH Smith
GMS
BATM Advanced Communications Ltd., Carpetright
AGMS
Advanced Medical Solutions Group, Albion Technology & General VCT, Applegreen, Aurora Investment Trust, Bisichi Mining, F&C Commercial Property Trust Ltd., Flowtech Fluidpower, GCP Asset Backed Income Fund Limited, GVC Holdings, Hurricane Energy, M&C Saatchi, Plant Health Care, Sagicor Financial Corporation Limited (DI), Seplat Petroleum Development Company (DI), Share plc
FINAL DIVIDEND PAYMENT DATE
BBGI SICAV S.A. (DI), BlackRock Latin American Inv Trust, Intertek Group, Konami Holdings Corporation
INTERIM DIVIDEND PAYMENT DATE
James Halstead
INTERIM EX-DIVIDEND DATE
Barloworld Ltd.
QUARTERLY PAYMENT DATE
Unilever
Related share prices |
---|
Workspace Group (WKP) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price