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Week ahead in business and finance

Tom Rees
Updated
The boardroom battle at Premier Foods will take centre stage this week as activist investor Oasis Management attempts to oust boss Gavin Darby. - PA
The boardroom battle at Premier Foods will take centre stage this week as activist investor Oasis Management attempts to oust boss Gavin Darby. - PA

Monday

Trading update

Rio Tinto

Economics

Retail sales (US), Trade balance (EU)

Tuesday

TalkTalk chairman Sir Charles Dunstone could face a shareholder revolt at its AGM after raising £200m in a share sale to help it slash debt without consulting existing investors. Two shareholder advisory groups have signalled that investors should rebel against the chairman’s re-election.

Trading update

BHP Billiton, Dairy Crest, Galliford Try, Petropavlovsk, Royal Mail, SSP Group, TalkTalk

AGM

British Land, Dairy Crest, FirstGroup, N Brown

Economics

Labour data (UK), Industrial production (US), New car registrations (EU)

Wednesday

The boardroom battle at Premier Foods will take centre stage this week as activist investor Oasis Management attempts to oust boss Gavin Darby.

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The disgruntled shareholder has blasted Mr Darby for “years of persistent shareholder value destruction” and doubled its stake to 17.3pc last week. It is counting on the support of Paulson & Co, which has a 6.2pc stake in Premier, but the group, which owns brands including Mr Kipling and Bisto, is believed to have the backing of Nissin Foods.

The Japanese noodle maker has a 20pc holding, dating back to Mr Darby’s controversial decision to spurn a 60p a share bid from US spice firm McCormick in 2016 in favour of a tie-up. Premier Foods shares are currently trading at 46.5p.

Trading update

Close Brothers, easyJet, Premier Foods, RPC, Severn Trent

AGM

Experian, Premier Foods, RPC, Severn Trent, TalkTalk

Economics

Inflation data (UK & EU), Housing data (US), Federal Reserve Beige Book (US), Construction output (EU)

Hot weather and the success of England at the World Cup could boost Sports Direct’s figure
Hot weather and the success of England at the World Cup could boost Sports Direct’s figure

Thursday

Hot weather and the success of England at the World Cup could boost Sports Direct’s figures as it attempts to turn itself into the “Selfridges of Sport”, according to Hargreaves Lansdown analyst George Salmon.

He added that its strategy “to elevate its retail offering” has shown early signs of success despite poor high street conditions.

Full-year results

Sports Direct International

Interim results

Moneysupermarket.com, Unilever

Trading update

Anglo American, AO World, Babcock International, Euromoney Institutional Investor, Hilton Food Group, Mothercare, SSE

AGM

AO World, Babcock International, Electrocomponents, Halma, Royal Mail, SSE

Economics

Retail sales (UK), CBI industrial trends survey

Friday

Acacia Mining will update investors on the toll of its bitter dispute with the Tanzanian government.

The gold producer already admitted last month that gold production in its second quarter fell by 36pc as its majority shareholder Barrick attempts to lift an export ban hitting around 30pc of its output.

Interim results

Acacia Mining, Beazley

Economics

Public sector net borrowing