Thursday preview: Lloyds, Unilever in focus
By Michele Maatouk
Date: Wednesday 22 Oct 2025
(Sharecast News) - The latest third-quarter earnings from Lloyds will be in focus on Thursday, along with Q3 trading statements from Unilever, London Stock Exchange Group, InterContinental Hotels and Rentokil.
As far as Lloyds is concerned, Neil Wilson, UK investor strategist at Saxo Markets, said revenues are seen rising almost 10% to £4.73bn, with net income at £1.02bn. NII is expected to rise 6% £3.43bn.
"One question is what NIMs do as the Bank of England cuts rates," he said. "The key for the stock will be on the full-year outlook and the forecast for next year. Investors will pay close attention to guidance on full-year capital generation and shareholder returns."
Barclays reported its third-quarter numbers on Wednesday, while NatWest is slated to report on Friday.
Meanwhile, UBS expects consumer goods giant Unilever to report 4.6% growth in underlying sales, up from 3.8% growth in the second quarter. Within this, the bank models a 2.2% increase from Price and 2.3% for volume/mix.
"On an ex. Ice Cream basis, we expect the company to deliver +4.6% with balance price and volume/mix split (versus Visible Alpha consensus at 3.7% with +2.2% price and +1.5% vol/mix)," the bank said.
"Post the Ice Cream (Mid-Nov) separation, we expect the company continues to heavily rely on the particularly strong momentum of Well Being (both Liquid IV and Nutrafol expected to reach $1bn in sales this year).
"A favourable basis of comparison in H2 in key emerging markets should drive a pick-up in USG (UBSe +4.4%) but we would expect some market scepticism to persist until we get more evidence of the sustainability of the Well Being franchise sales trajectory and of ULVR's structurally superior growth in EM."
In the EU, quarterly results are due from Roche, Renault and Thales, among others.
Across the Pond, T-Mobile, Intel, Honeywell, Blackstone and Ford are among the companies due to report quarterly earnings.
Thursday October 23
INTERIMS
HarbourVest Global Private Equity Limited A Shs, Wynnstay Properties
INTERIM DIVIDEND PAYMENT DATE
Endeavour Mining, Fidelity European Trust, Morgan Sindall Group
INTERIM EX-DIVIDEND DATE
BAE Systems, FDM Group (Holdings), Marshalls, Morgan Advanced Materials , Sanderson Design Group, Serica Energy, Touchstar
QUARTERLY EX-DIVIDEND DATE
City of London Inv Trust, M Winkworth, Supermarket Income Reit, TBC Bank Group, Tufton Assets Limited Npv
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence (EU) (15:00)
Continuing Claims (US) (13:30)
Existing Home Sales (US) (15:00)
Initial Jobless Claims (US) (13:30)
New Homes Sales (US) (15:00)
Q3
NCC Group, Nokia OYJ
GMS
Smarttech247 Group
FINALS
Gattaca, Sareum Holdings
IMSS
Lloyds Banking Group
AGMS
Acg Metals Limited Cls A Npv (DI), BHP Group Limited NPV (DI), Newmark Security PLC, South32 Limited (DI) , Thruvision Group, Tufton Assets Limited Npv
TRADING ANNOUNCEMENTS
Abrdn , AJ Bell, Hunting, Inchcape, InterContinental Hotels Group, London Stock Exchange Group, Relx plc, Rentokil Initial, Spirent Communications, Unilever
FINAL EX-DIVIDEND DATE
Abrdn Property Income Trust Limited , MJ Gleeson , Moonpig Group , Pacific Horizon Inv Trust, Strategic Equity Capital, Wetherspoon (J.D.)
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