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Home » UK Shares » Companies Reporting » Companies Reporting: Greggs, Taylor Wimpey, Rolls Royce, Frasers, WPP

There’s a raft of FTSE 100, FTSE 250 and international companies reporting from 2 to 6 August. We pick out a few highlights below – and you’ll find the full list of reporters further down the page.

  • Greggs has been working hard on its recipe for recovery
  • Ibstock navigates a tumultuous quarter for building supplies
  • Taylor Wimpey’s sales rate will set the stage for the second half
  • Rolls Royce will update on its tepid long haul journey out of the crisis
  • investors will be keen to find out if it’s full steam ahead for the recovery at WPP
  • Frasers Group has been cautious in its outlook despite the reopening of retail outlets

Greggs [LON:GRG], Half Year Results, Monday 3 August

Trade GRG here
Atlantic . IG
Susannah Streeter, Senior Investment and Markets Analyst

‘’Greggs has been working hard on its recipe for recovery and it is bringing home the bacon once more as ovens in city centre stores have fired back up. The recent trading update shows that insatiable demand for pies and sausage rolls is back, with sales at managed stores rising 3% even on 2019 levels. The pandemic tore a huge chunk off business as it turned once bustling city centres into ghost towns, but even though commuters are not expected to return in large numbers this year, the company still expects sales to bounce back to pre-crisis levels this year. These numbers should indicate if that forecast is still on track. What is helping to drive sales is that Greggs has adapted its operations to keep up with changing snacking habits by rolling out click and collect, which is now available at all its stores. Its delivery service via Just Eat has also been on a roll since the start of the year. We may not be back in the office, but our appetite for lunchtime takeaways hasn’t waned, instead many customers have ditched the queue and are happy to wait for a knock on the door instead. After the hot success of its vegan sausage roll, Greggs is expanding its meat free range with the new version of its sausage, bean and cheese melt which could add extra sauce to sales in the coming months.’’

Ibstock [LON:IBST], Half Year Results, Tuesday 4 August

Nicholas Hyett, Equity Analyst

“First quarter trading was modestly ahead of expectations, and the group confirmed investment in projects expected to deliver capacity for 75m extra bricks a year by 2024. Both are good news after a difficult 2020. However, disruption to supply chains in the construction industry, and an accompanying spike in the cost of construction materials, make the outlook for these results uncertain. Shortages have led to higher prices, good news for margins. but may also have disrupted construction activity and hit sales volumes. Exactly where the balance between prices and volumes ends up settling is unclear.”

Taylor Wimpey [LON:TW], Half Year Results, Tuesday 4 August

Trade TW. here
Atlantic . IG
William Ryder, Equity Analyst

“Taylor Wimpey’s half year results could look really good when compared with 2020 because house buying slowed significantly during the first round of lockdowns. The weak comparison period in 2020 means 2019 is probably a more appropriate benchmark, though it’s doubtful the group will be quite at this level just yet. When we last heard from Taylor it was on track to meet its full year guidance. Management’s comments on demand will set the stage for the second half, and we’d like to see a strong sales rate and a healthy forward order book to support this. We’ll also have half an eye on house prices. Halifax reported a small month-on-month fall in June despite a large rise year-on-year, and we’ll be interested to see whether this matches Taylor’s experience.”

Rolls Royce [LON:RR], Half Year Results, Thursday 5 August

Laura Hoy, Equity Analyst

“Our biggest question for Rolls Royce is whether or not the recovery in air traffic has been enough to meaningfully move the needle for the group’s Civil Aerospace arm, where it makes the bulk of its money. We suspect the division is still under strain as its bread and butter is producing and servicing widebody aircraft engines – those that primarily power long-haul planes. International travel is still hampered by various Covid restrictions, so engine flying hours likely remain depressed. At last check they were 40% of 2019 levels. To temper the impact of a slowdown in Civil Aerospace, the group’s leaned heavily on a cost savings programme. We’re expecting an update on Rolls’ progress on the disposal of ITP Aero and whether or not it’s on track to deliver on its target of £1.3bn savings per year. If things are going to plan, we’d expect Rolls Royce to confirm its intention to become free cash positive at some point in the second half of the year although there are no guarantees.”

WPP [LON:WPP], Half Year Results, Thursday 5 August

Susannah Streeter, Senior Investment and Markets Analyst

‘’The big bounce back began for WPP in the first quarter and investors will be keen to find out if its full steam ahead for the recovery. The worry is that new variants may dampen down demand in key markets as already evidence is mounting of a two-speed recovery around the world. In India, which was crippled by a new strain of the virus, revenues were down 0.5% in the first quarter. The group is still in a state of flux in streamlining its operations, keeping a lid on costs and focusing on digital. It’s clear this strategy has delivered some early wins with plenty of deals back on the table, but with the pace of the recovery uncertain, caution is still the name of the game, with the group not expecting organic growth this year to exceed mid-single digits.’’

Frasers Group [LON:FRAS], Full Year Results, Thursday 5 August

Trade FRAS here
Atlantic . IG
Susannah Streeter, Senior Investment and Markets Analyst

“Frasers Group has been cautious in its outlook despite the reopening of retail in April. Management were clearly anxious that the fresh wave of infections could dampen consumer confidence and even lead to more shopping restrictions. But consumers have shown an eagerness to spend the pounds piled up during the pandemic, rather than keep hoarding them, which could translate into more resilient sales. However, it is also the make-up of the company’s retail portfolio which puts it under particular pressure because although it has a significant online presence, it also has a large footprint of stores in high streets which have not been so popular with shoppers even when restrictions have eased. After a surge of sales in April, clothes shopping appears to have fallen out of fashion again in May and June, according to the ONS, which also doesn’t bode too well for the performance of House of Fraser and Flannels, with sales in department stores particularly weak. However, football fever should have kept demand more buoyant at Sports Direct, with young sports fans buying kit and equipment to try and follow in the footsteps of their soccer heroes.”

FTSE 100, FTSE 250 and selected other companies scheduled to report

HeinekenHalf Year Results
HSBC HoldingsHalf Year Results
XP PowerHalf Year Results
Activision BlizzardQ2 Results
BP *Q2 Trading Statement
Coats GroupHalf Year Results
Direct Line Insurance GroupHalf Year Results
Domino’s PizzaHalf Year Results
FresnilloHalf Year Results
GreggsHalf Year Results
HiscoxHalf Year Results
KellerHalf Year Results
RotorkHalf Year Results
Standard CharteredHalf Year Results
TP ICAPHalf Year Results
Travis PerkinsHalf Year Results
FerrexpoHalf Year Results
IbstockHalf Year Results
Legal & General GroupHalf Year Results
Morgan Sindall GroupHalf Year Results
Taylor WimpeyHalf Year Results
UDG HealthcareQ3 Trading Statement
CentaminHalf Year Results
Deutsche PostHalf Year Results
EVRAZHalf Year Results
Frasers GroupFull Year Results
GlencoreHalf Year Results
HammersonHalf Year Results
IP GroupHalf Year Results
MeggittHalf Year Results
MondiHalf Year Results
NCC GroupFull Year Results
Novo NordiskQ2 Results
Pantheon InternationalFull Year Results
Rolls-RoyceHalf Year Results
SavillsHalf Year Results
Serco GroupHalf Year Results
Spirent CommunicationsHalf Year Results
Synthomer GroupHalf Year Results
Tritax Big BoxHalf Year Results
WPP *Half Year Results
ContourGlobaHalf Year Results
Hikma PharmaceuticalsHalf Year Results
London Stock Exchange GroupHalf Year Results
Renewables Infrastructure Grp (The)Half Year Results

This article is brought to you in association with Hargreaves Lansdown. All opinions expressed in this article are from the analysts and do not necessarily represent the opinions of The Armchair Trader.

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Michael Morton

Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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