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Thursday preview: IFO index, Jet2 in the spotlight

By Alexander Bueso

The market spotlight on Thursday would be on the euro area by default, given the Thanksgiving Day holiday in the States.

At 0900 GMT, the IFO institute was scheduled to release its closely followed business confidence index for November (consensus: 85.0).

It would come alongside similar survey results out of France, at 0745 GMT, and Belgium at 1400 GMT.

In the background, European Central Bank vice-president, Luis de Guindos, was due to deliver a speech in Milan from 1115 GMT.

His colleague on the ECB governing council, Isabel Schnabel, would follow at 1300 GMT at the Bank of England Watchers’ Conference in London.

On home shores, at 1100 GMT was set to release the results of its Industrial Trends survey for November.

Further afield, overnight, rate-setters in South Korea were expected to announce a 25 basis point hike in their main policy interest rate to 3.25%.

US markets would remain closed in observance of Thanksgiving while trading volumes on this side of the Pond were likely to be very thin as many traders would mimic their US counterpart and remain away from their desks.

On the corporate side of things, Jet2 will post its first half results for the 2023 financial year.

UBS analyst Jarrod Castle has penciled in sales of £3,305m, against consensus on £3,589m.

Earnings before interest and taxes meanwhile were seen coming in at £416m (consensus: £411m).

Castle was also anticipating a “positive” update from the carrier as regarded current trading.

Thursday 24 November

INTERIMS

Augmentum Fintech, Dr. Martens , LXI Reit , Motorpoint Group, NewRiver REIT, Omega Diagnostics Group, Polar Capital Holdings, Severn Trent, XPS Pensions Group

INTERIM DIVIDEND PAYMENT DATE

Dunedin Enterprise Investment Trust, Shanta Gold Ltd.

INTERIM EX-DIVIDEND DATE

3i Infrastructure, Braemar , British Land Company, Castings, Crystal Amber Fund Ltd., Great Portland Estates, iEnergizer Ltd., Inspiration Healthcare Group , Kainos Group , National Grid, Norcros, RS Group, Scottish Mortgage Inv Trust, Tate & Lyle, Urban Logistics Reit, Vodafone Group, Worldwide Healthcare Trust

QUARTERLY EX-DIVIDEND DATE

BlackRock Sustainable American Income Trust, BlackRock World Mining Trust, Chenavari Toro Income Fund Limited NPV, Diversified Energy Company , HICL Infrastructure , Land Securities Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

SPECIAL EX-DIVIDEND DATE

abrdn Asia Focus

AGMS

Cloudbreak Discovery, EnSilica , Fiske, MGC Pharmaceuticals Limited NPV (DI), Pan African Resources, PZ Cussons, Sabien Technology Group, Zanaga Iron Ore Co. Ltd (DI)

TRADING ANNOUNCEMENTS

Intertek Group, Kingfisher, Safestore Holdings

FINAL DIVIDEND PAYMENT DATE

TheWorks.Co.Uk

FINAL EX-DIVIDEND DATE

Brunner Investment 5% Prf, Craneware, Croda International 5.9% Cumulative Preference 1, Croda International 6.6% Cumulative Preference 1, Finsbury Food Group, Fonix Mobile , Lok’n Store Group, Volution Group

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