UK Stocks to Watch This Week: Shell, ZIGUP, Unite Group, Victrex and Severn Trent Update Market

There are five companies taking centre stage in London this week, with only one delivering full-year results while the rest issue trading updates ahead of fuller reports later this year.

Shell (SHEL) kicks things off on Tuesday with a Q2 quarterly update ahead of its second quarter results on 30 July. The energy giant trades on a forward P/E of just 6.86 and roughly 31% below analysts’ average price target, following a leadership change in its trading division and a string of asset disposals.

Shares have fallen 17% in the last three months, sitting below key moving averages.

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Also reporting Tuesday, Victrex (VCT) issues a Q3 update as CEO James Routh pushes a cost overhaul following a rough H1 that included a £60.6m China plant impairment. Analysts expect a swing back to earnings growth next year.

Wednesday brings Unite Group (UTG), where investors will watch student accommodation reservations after a cautious Q1, plus disposal progress toward its £300-400m target. The dividend payout ratio above 100% remains a watch item.

The standout event is ZIGUP (ZIG), which reports actual full-year results on Wednesday — the only genuine earnings release in this line-up. The stock has rallied over 20% since April and trades above both key moving averages heading into the print, with a modest 8.26 forward P/E and healthy 5.75% dividend yield.

Rounding out the week, Severn Trent (SVT) delivers a Q1 trading statement on Thursday. The water utility’s forward P/E has jumped to an elevated 29, and analyst targets are split between £28.79 and £35.00, making regulatory commentary the key thing to watch.

With one true earnings report and four “temperature check” updates, this week offers investors an early read on sectors from energy to student housing before bigger results land later in July.