The week ahead: UK bank sector stress test results

Investors will hear Tuesday the results of the Bank of England’s stress test for the UK banking sector.

Monday 27 November

Trading Statements

Kainos, Trakm8, Ramsdens Holdings, Patisserie Holdings, Cerillion

AGM/EGM

Oxford Pharmascience, TR European Growth Trust, Manchester & London Investment Trust, JPMorgan Gbl Emerging Mkts Inc Trust

Tuesday 28 November

The Financial Stability Report (FSR) is published Tuesday, which is “set to accompany a further increase in the countercyclical capital buffer (CCyB) as the Bank of England continues to (gradually) take away the punchbowl for unsecured lending,” writes broker Panmure Gordon.

“It seems likely that the Financial Policy Committee will tighten conditions in the unsecured consumer lending market, given a number of broad hints in recent months,” adds Investec Securities.

Alongside the FSR, the Bank of England publishes the UK stress test results for the seven banks and building societies participating in the 2017 test: Barclays (BARC), HSBC (HSBA), Lloyds Banking Group (LLOY), Nationwide, Royal Bank of Scotland (RBS), Santander UK and Standard Chartered (STAN).

It’ll be all eyes on RBS, which looks the most vulnerable, at a time when it faces a mega fine from the US authorities for its part in the subprime scandal. The results will be crucial for dividends at Barclays, Lloyds and Standard Chartered.

Trading Statements

ULS Technology, KCOM, Pets At Home, Park Group, IG Design, Scholium Group, Acal, BCA Marketplace, Alpha Financial Markets Consulting, Cranswick, D4T4 Solutions, GB Group, Treatt, Sanderson Group, Topps Tiles, Urban & Civic, Shaftesbury, UDG Healthcare, ITE Group, Greencore Group, Gooch & Housego

AGM/EGM

Ncondezi Energy, Berkeley Energia, Surface Transforms, Scotgold Resources, Wolf Minerals, Wilmcote Holdings , Ferguson, JPMorgan Smaller Companies Investment Trust, Clinigen, Blancco Technology

Wednesday 29 November

Trading Statements

Softcat, Panther Securities, Eve Sleep, RPC Group, Telford Homes, LondonMetric Property, Motorpoint, Versarien, Pennon Group, Findel, Britvic, Brewin Dolphin Holdings, Impax Asset Management

AGM/EGM

Thor Mining, Oncimmune Holdings, Target Healthcare Reit, Bluefield Solar Income Fund, Ironridge Resources, Oilex, Genedrive

Thursday 30 November

Trading statements

OPG Power Ventures, Torotrak, PayPoint, Greene King, BTG, Go-Ahead, Marston’s, Daily Mail and General Trust, On The Beach Group, Premier Asset Management, Grainger

AGM/EGM

Greatland Gold, CVS Group, St Ives, Agriterra, Feedback, European Metals, ASOS, Revolution Bars, JPMorgan Private Equity, Dukemount Capital, Baillie Gifford Japan Trust, Ferrum Crescent

Friday 1 December

Trading statements

Megafon

AGM/EGM

Ruffer Investment Company, Aberdeen Asian Smaller Companies Investment Trust, James Halstead, Haydale Graphene Industries, DFS Furniture, PureCircle, Starvest, Green Reit

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Source.