The UK’s biggest bank, HSBC, kicks off a corporate calendar packed with blue-chip names this morning. It was announced earlier this month that John Flint, current head of retail banking and wealth management, will take over as chief executive next February and he will inherit a firm on the rise. A six-year overhaul is beginning to bear fruit and the focus of this morning’s figures will be on whether profit continues to climb, buoyed by strong global growth.
Interim results: HSBC
Trading update: Lok’n Store Group, Artilium
AGM: Ideagen, Mirada
Economics: Mortgage approvals (UK), net lending to individuals m/m (UK), M4 money supply m/m (UK), core PCE price index m/m (US), personal spending m/m (US)
Low-cost airline Ryanair is taking its foot off the accelerator to help to get to grips with its pilot holiday scheduling troubles but the group has maintained its €1.4bn (£1.2bn) to €1.45bn profit forecast even with slowing growth over the winter.
Interim results: Ryanair, Great Eastern Energy
Full-year results: Egdon Resources, Earthport
Trading update: Just Eat, WPP, Plus500, Croda International, DS Smith, Nostrum Oil & Gas, Weir Group AGM: Maxcyte, Terra Catalyst Fund, Angle, JPMorgan Mid Cap Inv Trust, Kodal Minerals, BP
Week ahead in business and finance – Telegraph.co.uk}