Source: Sharecast
As far as IAG is concerned, UBS reckons the results will be ahead of consensus but said there is potential that the outlook weakens.
"We forecast 3Q revenues of €9,626m (3Q24: €9,329m, consensus €9,599m), with operating profit of €2,191m (3Q24: €2,013m, consensus €2,120m) and net profit of €1,550m (3Q24: €1,435m, cons €1,525m)," it said.
"Overall, the company is expected to have a good summer with N Atlantic weakness likely offset by Latam trading and a fuel tailwind benefit.
"We see ex fuel unit costs increasing by circa 3%.
"We think investor focus will be forward bookings in the UK given the upcoming autumn budget along with trends in the N and S Atlantic. We do not expect further capital returns at this stage."
Across the pond, it would normally have been time for the latest non-farm payrolls report, but that won’t be happening due to the ongoing government shutdown. This will mark the second month in a row the payrolls report has not been released.
Friday November 07
INTERIM DIVIDEND PAYMENT DATE
Anglo-Eastern Plantations, AVI Japan Opportunity Trust , Banco Bilbao Vizcaya Argentaria SA, Barr (A.G.), Breedon Group , Christie Group, Judges Scientific, Kerry Group 'A' Shares (CDI), LSL Property Services, M. P. Evans Group, Microlise Group, Persimmon, Smith & Nephew, Spectris, TP Icap Group , Travis Perkins, Wickes Group
QUARTERLY PAYMENT DATE
British American Tobacco, CT UK High Income Trust, CT UK High Income Trust B , Tufton Assets Limited Npv
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Halifax House Price Index (07:00)
Non-Farm Payrolls (US) (13:30)
Unemployment Rate (US) (13:30)
Q3
International Consolidated Airlines Group SA (CDI)
SPECIAL DIVIDEND PAYMENT DATE
Alfa Financial Software Holdings , AVI Japan Opportunity Trust , Manchester & London Investment Trust
AGMS
JPMorgan Emerging Markets Inv Trust, Pennpetro Energy
TRADING ANNOUNCEMENTS
Me Group International
UK ECONOMIC ANNOUNCEMENTS
Unemployment Rate (07:00)
FINAL DIVIDEND PAYMENT DATE
Knights Group Holdings , Manchester & London Investment Trust, Mid Wynd International Inv Trust
