Earnings seasons steps up a gear in May, with the UK’s biggest companies navigating around three bank holidays to put out financial updates.
We’ve already had a raft of reports at the tail end of April: full year results from Sainsbury’s (SBRY), Q1 results from NatWest (NWG) and Unilever (ULVR), updates from WPP (WPP) and Pearson (PSON).
As usual there’s a mix of actual financial results, trading updates, management statements, with more or less information for investors to chew on.
After the May 1 bank holiday, the new working week kicks off with two big hitters, BP (BP.A) and HSBC (HSBA). BP has just survived a tussle with large shareholders over its climate plans. Investors will be keen to see how it can follow its recent strong annual results, and its outlook for the rest of the year. After a spike in 2022, oil prices have dropped back in early 2023, so that is likely to feed through to company revenues and profits for the first quarter.
Here are some Morningstar-rated companies with economic moats that are reporting this month:
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