Proactive Investors - After the Easter getaway, it takes a couple of days for the big news to start to flow again with Tesco (LON:TSCO) and Imperial Brands (LON:IMB) on Thursday the stand-out companies reporting.
Tesco’s full-year update will be all about inflation and margins.
John Allan, the grocer's chair, said only last week: "Anyone who thinks that four pence in the pound as a profit margin is excessive, I'd love to have a conversation with.”
Hopefully, Tesco’s margins don’t come in much above 4% otherwise he might have a busy diary.
The fact remains that with food inflation running at 18.2% in February, Tesco’s numbers should be good albeit profits have been forecast to be down slightly on the year previously.
In its post-Christmas trading update, Tesco held its full-year profit guidance and reassured investors it expects adjusted operating profit of between £2.4bn and £2.5bn.
Revenues last year were £54.7bn.
Imperial Brands is doing a decent job managing the decline of its tobacco business, something that its forced exit from Russia will only seemingly accelerate.
First-half revenues are tipped to be flat before picking up in the second half of the year.
Other company events to note are an update from troubled US bank First Republic on Wednesday, which will put the health of the US regional banking firmly in the spotlight.
Everyman Media, meanwhile, might give some reassurance that not every cinema chain is on the verge of collapse, unlike its larger rivals AMC and Cineworld.
Those two have been subject to bid talk recently, but Everyman might fancy itself as a buyer in these tough times for the sector.
Economic news will be dominated by US inflation figures on Wednesday with estimates for consumer price rises to slow for a third month running, though only modestly to 5.8%.
Ex-dividends on Thursday will reduce FTSE 100 by: 6.21 at the opening bell.
Monday 10 April
UK bank holiday
Economic announcements: Wholesales Inventories (US)
Tuesday 11 April
Finals: JTC PLC (LSE:JTC)
Economic announcements: BRC Sales Monitor
Wednesday 12 April
Interims: First Republic Bank (US)
Finals: Argentex Group PLC (AIM:AGFX), Crimson Tide (LON:CTID) (AIM:TIDE) PLC, Everyman Media Group PLC (AIM:EMAN), LBG Media Ltd
Economic announcements: MBA Mortgage Applications (US), Consumer Price Index(US), Crude Oil Inventories (US), Budget Statement (US)
Thursday 13 April
Trading updates: Harworth Group PLC, Imperial Brands
Interims: Delta Air Lines (NYSE:NYSE:DAL) (US)
Finals: Churchill China (AIM:CHH) PLC, Destiny Pharma Holdings PLC, Tesco PLC (LSE:TSCO)
AGMs: Abrdn China Investment Company Ltd
Econ: RICS Housing Market Survey (UK), Balance of Trade (UK) Gross Domestic Product (UK), Index of Services (UK), Industrial Production (UK), Manufacturing Production (UK), Producer Price Index (US), Continuing Claims (US), Initial Jobless Claims (US)
Ex-dividends to reduce FTSE 100 by: 6.21
Friday 14 April
Trading updates: CMC Markets PLC (LSE:CMCX), Hays (LON:HAYS) PLC (LSE:HAS)
Interims: BlackRock (NYSE:BLK) (UK), Citigroup Inc (NYSE:NYSE:C) (UK), JPMorgan Chase & Co (NYSE:NYSE:JPM) (UK), UnitedHealth (NYSE:UNH) Group (UK), Wells Fargo (NYSE:WFC) & Co (US)
Finals: 888 Holdings (LON:888), AO World PLC (LSE:AO.), Flowtech Fluidpower (AIM:FLO) PLC, LifeSafe Holdings PLC (AIM:LIFS)
AGMs: Zenith Energy Ltd (ASX:ZEN)
Econ: Import and Export Price Indices (US), Retail Sales (US), Retail Sales Less Autos (US), Capacity Utilisation (US), Industrial Production (US), Business Inventories (US), U. of Michigan Confidence (Prelim) (US)