The FTSE 100 Index pulled back this week as many British companies like Intercontinental Hotels, Legal & General, BP, and Flutter Entertainment published their earnings.
The Footsie Index also reacted to the Bank of England (BoE) interest rate decision in which it decided to cut interest rates by 0.25%. This article highlights some of the top FTSE 100 stocks to watch next week like Persimmon, Antofagasta, Beazley, and Entain.
Entain (ENT)
Entain, the parent company of popular brands like Ladbrokes, Coral, BetMGM, and SuperSport will be one of the key FTSE 100 constituent companies to watch as it publishes its results.
These numbers come a few days after Flutter Entertainment, its top rival, published strong results. Flutter’s revenue jumped by 16% YoY in the second quarter, while its adjusted EBITDA jumped by 25% to $919 million.
The results also come as the Entain share price has soared in the past few months and is hovering at its highest point since September 2023.
Its most recent results showed that its business did better than expected in the first quarter. Its revenue jumped by 9% as its turnaround efforts continued. It also appointed Stella David to be the CEO.
Persimmon (PSN)
Persimmon, one of the biggest UK housebuilders, will be in the spotlight this week as it publishes its financial results. These numbers come at a time when the Persimmon share price has collapsed by over 31% from its highest level in 2024. It is hovering at its lowest level since April 16.
The slowing economy and high interest rates have impacted Persimmon and other housebuilders. Its business has also been impacted by the rising cost of doing business in the UK.
The most recent numbers showed that its business did relatively well in Q1, with the net private sales per outlet per week increasing by 1% to 0.74. Its current forward sales rose by 12% to £2.34 billion.
The company’s guidance was that its annual sales being between 11,000 and 11,500 this year. These numbers will be higher than the 10,664 it sold in the previous year.
Antofagasta (ANTO)
Antofagasta is another top FTSE 100 Index stock to watch next week as it releases its financial results. Its stock has jumped by over 55% from its lowest level this year.
Antoagsta will be in focus due to recent actions in the copper market. Copper price recently surged after Trump threatened tariffs and then crashed after he pared back the levies. These results are notable as ANTO is one of the biggest players in the copper mining industry.
Antoagasta’s recent results showed that its copper production rose by 3% in the second quarter, leading to an 11% increase in the year’s first half. Its gold production rose by 11%, while its molybdenum jumped by 42%.
Antoagasta’s guidance was that it will produce between 660k and 700k tons of copper this year. Its stock has moved above all moving averages and has formed an inverse head-and-shoulders pattern, pointing to more gains.
Beazley (BEZ)
Beazley, a top UK insurance company, is another top FTSE 100 stock to watch as it publishes its financial results. Its stock has jumped by over 96% from its 2024 lows.
Beazley’s business has done well, helped by the rising insurance demand. In its recent trading statement, the company said that its insurance written premiums rose by 2% to $1.5 billion in the first quarter.
Beazley’s net insurance premiums rose by 1% to $1.2 billion. The only blemish on its results was that the premium rates on renewal business fell by 4% during the quarter.
Read more: FTSE 100 Index shares to watch: IHG, Legal & General, Flutter, BP
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