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Among those currently scheduled to release results next week:
23-Jun
SDCL Energy Efficiency Income Trust
Full Year Results
24-Jun
Bunzl*
Trading Statement
Carnival*
Q2 Results
Foresight Environmental Infrastructure
Full Year Results
Inchcape
Trading Statement
Telecom Plus
Full Year Results
25-Jun
Sequoia Economic Infrastructure
Full Year Results
26-Jun
Foresight Group Holdings
Full Year Results
Moonpig Group
Full Year Results
Patria Private Equity Trust
Half Year Results
Serco Group
Trading Statement
27-Jun
No FTSE 350 Reporters
*Events on which we will be updating investors
Bunzl navigating challenges and eyeing recovery
Prices delayed by at least 15 minutes
Bunzl’s reputation as a steady ship is under some serious pressure after a disappointing first quarter that was as much self-inflicted as due to a weakening market. There was a downgrade to current year guidance, a pausing of the buyback, hunkering down the balance sheet, and questions being asked about medium-term growth.
North America, Bunzl’s largest and most profitable market, is facing headwinds due to missteps in pricing strategy and broader market pressures. We’re expecting to hear more in next week’s trading statement about how Bunzl has resolved some of the pricing issues and the ongoing impact of tariffs. Bunzl has historically been able to benefit in times of rising prices, and we’re still cautiously optimistic that some more positive commentary is around the corner.
Prices delayed by at least 15 minutes
Carnival cruising strong, navigating higher costs
Prices delayed by at least 15 minutes
Carnival is coming into dock for second quarter results next week, after a strong set of first quarter results driven by increases in both ticket sales and onboard revenue. At the last check the cruise operator was 80% booked for the full year, with last-minute demand and onboard spend showing exceptional strength. We’ll want to hear if recent geopolitical unrest has taken the wind out of Carnival’s sales.
The tensions in the Middle East have also seen fuel prices spike, which could limit the prospects of an upgrade to this year’s profit guidance.
The second quarter tends to be the strongest in terms of cash generation, so we will be monitoring whether Carnival has managed to reduce its net debt, which totalled $26.2bn at the end of March.
Prices delayed by at least 15 minutes
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Written by
Derren Nathan
Head of Equity Research
Derren leads our Equity Research team with more than 15 years of experience in his field. Thriving in a passionate environment, Derren finds motivation in intellectual challenges and exploring diverse ideas within his writing.
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Published: 20th June 2025