What to watch
US Markets: Stock markets in the US are closed on Thursday for Thanksgiving, and close early (1pm ET) on Friday, so there will be no companies reporting today from the US and limited activity on Friday.
Reach plc: UK red-top media firm Reach plc is reporting its interim results on Friday. The company includes a diverse set of print and online media titles such as the Daily Mirror and Daily Express, plus a range of other regional titles. The firm’s share price has traded close to its 2020 high in recent days, but investors should focus on its debt levels as it updates the market. The firm has reasonably strong cash levels, but this is dwarfed by its pile of liabilities which totalled £614.8 million at its last reporting. The group’s stable of media titles are well-positioned to capture more online market share, but its ability to realise gains are hampered by considerations such as pension liabilities and the recent shuttering of two print sites.
OECD Digital Economy Outlook 2020: The OECD is well-known for its influential economic reports and outlooks and the Digital Economy Outlook for 2020 is no exception. The organisation is publishing its latest report on Friday. The outlook will consider trends in the digital economy and analyse opportunities and challenges for the sector. For investors it will provide useful insights into where digital transformations are happening and what trends there are to be followed in the future. The report also looks at policy change from governments around the world, setting the backdrop for the regulatory landscapes companies will need to operate in.
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