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Vodafone and Glencore in spotlight on Wednesday

A telecoms firm that's basically a utility company and a mining company that's basically a proxy of the coal market are the most notable names in the diary for Wednesday.

Vodafone

Vodafone PLC has struggled to get revenues moving forward in recent years but showed some progress at the half-way point.

The telecom giant also upped its earning target for this year although the headlines recently have been more around possible deals both for and by the company.

Reports last week said it made an approach to buy rival 3 and it is talking to Italian group Iliad.

A merger of its Vantage Towers arm with Deutsche Telekom’s mast business has also been mooted.

Vodafone itself meanwhile is said to be a private equity target, which has sparked a modest share rally but done little to improve the dismal long-term performance.

Some decent numbers in Wednesday’s third quarter update would be handy if it wants to quieten the chatter.

Glencore

Fans of announcements with tables full of figures are in for a treat when Glencore PLC (LSE:GLEN) (Glencore PLC (LSE:GLEN)) releases its 2021 production report.

There is sure to be some commentary from chief executive Gary Nagle as well and some guidance on 2022 production levels, just to break up the wall of stats.

The commodities trader and miner told investors last month that there is a “generally steady overall production profile in the 2022-2024 outlook period, with zinc volumes lower in 2024, in line with mine closures”.

Wednesday 2 February

Trading announcements: Glencore PLC (Glencore PLC (LSE:GLEN)), Severn Trent PLC (LSE:SVT) (Severn Trent PLC (LSE:SVT)), Vodafone Group PLC (LSE:VOD) (Vodafone Group PLC (LSE:VOD))

AGMs: Edinburgh Worldwide Investment Trust, Imperial Brands Group, Premier Miton Group PLC (AIM:PMI) (Premier Miton Group PLC (AIM:PMI))

Economic data: MBA Mortgage Application (US), ISM Manufacturing (US), Crude Oil Inventories (US), BRC Shop Price Index (UK)