{"id":143912,"date":"2020-05-06T07:11:41","date_gmt":"2020-05-06T07:11:41","guid":{"rendered":"https:\/\/www.bnreport.com\/itv-big-hitter-among-wednesday-updates\/"},"modified":"2020-05-06T07:11:41","modified_gmt":"2020-05-06T07:11:41","slug":"itv-big-hitter-among-wednesday-updates","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/itv-big-hitter-among-wednesday-updates\/","title":{"rendered":"ITV big hitter among Wednesday updates"},"content":{"rendered":"

Wednesdays corporate calendar is set to be dominated by trading updates from the FTSE 100 trio of ITV PLC<\/a> (LON:ITV<\/a>), online grocery firm Ocado Group PLC<\/a> (LON:OCDO<\/a>) and insurance firm Smith & Nephew PLC (LON:SN.).<\/p>\n

There will also be a smattering of macro economic data for investors to keep an eye on in the form of the UKs construction PMI and US ADP unemployment figures.<\/p>\n

ITV wary of ad revenue slump<\/h3>\n

A trading update from ITV should provide investors with some more clarity on how the coronavirus (COVID-19) pandemic is impacting advertising spend as well as any knock-on effects on the broadcaster.<\/p>\n

The company has previously said that it anticipated ad revenues to decline by around 10% in April, with expectations likely to be for more cost-cutting measures following the cancellation of the final dividend.<\/p>\n

ITV investors are already licking their wounds after a difficult few months for the share price, which is currently trading at around an eight-year low and the company flirting with potential demotion from the FTSE 100 index.<\/p>\n

Significant announcements expected for Wednesday 6 May:<\/h3>\n

Trading updates:<\/strong> Direct Line Group PLC (LON:DLG<\/a>), ITV PLC (LON:ITV<\/a>), Smith & Nephew PLC (LON:SN.), MPAC Group PLC (LON:MPAC<\/a>), Ocado Group PLC (LON:OCDO<\/a>), OneSavings Bank<\/a> PLC (LON:OSB<\/a>)<\/p>\n

Finals:<\/strong> Vertu Motors<\/a> PLC (LON:VTU<\/a>)<\/p>\n

Interims:<\/strong> Cam<\/a>Read More \u2013 Source<\/a>
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Proactiveinvestors<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

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