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Top FTSE 100 shares to watch next week: Tui, NatWest, Centrica

Top FTSE 100 shares to watch next week: Tui, NatWest, Centrica
Crispus Nyaga
Feb 08, 2024, 23:00 PM
  • The FTSE 100 index has remained in a tight range recently.
  • Over half of the constituent companies released earnings this week.
  • A few more like Tui, NatWest, and Centrica will release next week.

The FTSE 100 had a busy week as over half of its constituents published financial results. Some of the most notable companies were Barratt Development, whose results coincided with an M&A news as it acquired Redrow, Unilever, BAT, Vodafone, and BP. The index had a difficult time as it retreated from the week’s high of £7,690 to a low of £7,600. Here are some of the top FTSE 100 stocks to watch next week.

FTSE 100 index chart

TUI AG

Tui (LON: TUI), one of the biggest companies in the tourist and travel industry, will be in the spotlight as it publishes its financial results on Tuesday. These results will be important because of the likely news that the company could deliver. 

In its recent earnings statement, TUI noted that it was considering delisting its shares from the LSE to focus on its Frankfurt listing. The company lamented that London was going through a major challenge with low volumes. Therefore, this report will likely confirm this view.

Taken together, there is a rising expectation that Tui did well in the last quarter as the transport and tourism industry boomed. This view has been confirmed by some of the biggest airline and hotel companies that have published their results recently.  The Tui share price remains about 14% below its highest point this year.

Centrica

Centrica (LON: CNA), one of the most important energy companies in the UK, will also be in the spotlight next week as it releases its results. This release will come at a time when the Centrica share price has collapsed to its lowest point since July last year. It has fallen by over 22% from its highest point in 2023, moving into a bear market and underperforming the FTSE 100 index.

Next week’s results will shed more light of the ongoing performance of its business as natural gas prices fall globally. They will also provide more information about its growing energy trading business and potential payouts to shareholders.

NatWest

NatWest (LON: NWG) will become the first big FTSE 100 index banks to publish their financial results next week. The results comes at a time when the British economy is slowing and other international banks are doing much better. 

Analysts expect the results to show that the company’s net interest income jumped to 2.53 billion pounds. For the year, this figure is expected to show that the company is expected to generate over 10 billion pounds in NII. Total income is expected to come in at 3.3 billion pounds and 13.9 billion, respectively.

NatWest share price has jumped by over 28% from its lowest point in 2023. The other top FTSE 100 shares to watch will be RELX, Severn Trent, and Coca-Cola AG.