Wednesday preview: UK inflation due; M&S, Nvidia results in focus
By Michele Maatouk
Date: Tuesday 19 May 2026
(Sharecast News) - Wednesday brings the release of full-year results from food, clothing and homeware retailer Marks & Spencer, credit-checking firm Experian, British Land, Severn Trent and RS Group.
Trading updates from Coats Group and Keller, a trading statement and operational update from Energean and interim results from Transact owner IntegraFin are also due.
Across the pond, first-quarter results from retailer Target and chip maker Nvidia will be in focus.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said Nvidia heads into results with expectations already running hot.
"Analyst consensus has moved towards the top end of guidance ($79.6bn), but as is often the case with Nvidia, the market is likely to want more than just a clean beat. The scale of any upside surprise will matter, and we're expecting something closer to $81.4bn, representing year-on-year growth of 85%," he said.
"The company has already given a broad steer for calendar 2026 revenue, so attention is likely to shift quickly to any colour on 2027, where investors are starting to think harder about the pace of growth beyond the current buildout. Commentary on the Vera Rubin roadmap will also be closely watched, with recent rumours pointing to a potential one-month delay. In isolation, that would be relatively small, but investors will not want to see anything that suggests a more material pushback for Nvidia's next major product cycle."
As far as M&S is concerned, AJ Bell analysts Russ Mould and Danni Hewson said investors will be hoping the company can draw a line under last year's cyberattack and provide a confident outlook, reaffirming the retailer's turnaround in Fashion, Home and Beauty.
"A material slowdown in the UK clothing market in the March quarter has not been helpful which is reflected in the shares recently plumbing new 12-month lows," they noted. "The recent acquisition of the former Asos Lichfield warehouse is a sign of management's ambition to accelerate digital growth and scale.
"M&S Food continues to show strength, consistently taking market share through premium convenience, innovation and a perception of value for money. Analysts will be keen to see healthy volume growth rather than price driven gains."
On the macroeconomic front, UK inflation data for April will be in the spotlight amid expectation of another rise in prices.
Neil Wilson, UK investor strategist at Saxo Markets, said: "CPI rose to 3.3% in March from 3.0% in February as the impact of the Iran war was only just starting to be felt. Expectations indicate the rate could jump to 3.7% in April as elevated energy prices feed through the economy."
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