The FTSE 100 Index continued its strong rally this week, reaching its highest level since April 3. It has jumped in the last 14 consecutive days, its longest streak in years. After falling to a low of £7,547 in April, the Footsie has risen by 12.5% to its current level of £8,500.
The FTSE Index jumped as some of the most active constituent companies released their financial results. Some of the most notable ones were Rolls-Royce Holdings, Lloyds Bank, Barclays, HSBC, Glencore, AstraZeneca, GSK, and Rio Tinto. This article looks at some of the top FTSE 100 shares to watch next week.
International Consolidated Airlines Group (IAG)
Only a handful of FTSE 100 companies will publish their earnings next week. IAG, the parent company of British Airways, Iberia, Aer Lingus, and Vueling, will be the top company in the index to publish its financial results.
These numbers are important as they come as the stock has crashed in the past few months, erasing some of the gains made last year. It has dropped from last year’s high of 367p in February to 267p, down by almost 30% from the year-to-date high.
The upcoming IAG results will provide more information about its business as the trade war between the US and European countries intensifies. IAG is at the center of this as it is one of the top airline companies in the transatlantic route. As such, investors will want to know whether the trade war is having a negative impact on travel.
Technicals suggest that the IAG share price has bounced back from a low of 210p earlier this month to 265p today. It has moved between the 50% and 38.2% Fibonacci Retracement level.
IAG stock has also found some resistance at the 50-day moving average. Therefore, odds are that it will rebound and hit 300p ahead or after its earnings report next week. That’s because we don’t expect the trade war to have any major impact on its business.
Read more: IAG share price has crashed: to get worse before rebounding
Flutter Entertainment (FLUT)
Flutter Entertainment is one of the top companies in the sports betting and online gambling industries. It owns some of the top brands in the sector like FanDuel, Betfair, Sisal, Sky Betting & Gaming, Paddy Power, and Tombola.
Flutter share price has dropped by over 22% from its highest level this year as concerns about the industry continues. The view among market participants is that the industry is slowing and that it lacks catalysts.
The most recent numbers showed that Flutter’s average monthly players rose by 7% in Q4’ 2024 to 14.6 million. Its revenue rose by 14% to $3.7 billion, bringing the annual figure to £14 billion. Its quarterly net income was $156 million.
There are signs that the Flutter share price has formed an inverse head and shoulders pattern, pointing to more gains ahead.
InterContinental Hotels (IHG)
InterContinental Hotels is a top player in the hotel group that owns 19 brands like Regent, Six Senses, Crown Plaza. Holiday Inn, and IHG Residences.
The IHG share price has crashed by over 23% from its highest level this year as concerns about its growth continued. Its crash accelerated in February when it published its annual results.
The company reported that its annual revenue increased by 7% to $2.3 billion in 2024, while its operating profit rose by 10%.
There are now concerns that the ongoing trade war will impact corporate travel as companies seek ways to reduce costs. This also explains why other hotel groups like Wyndham, Hilton, and Accor have all dropped. Therefore, its upcoming earnings will shed more light on its business and the impact of tariffs.
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