A flood of economic data is set to hit the City this week.
The deluge begins tomorrow with January’s consumer and producer price index figures. Unemployment and average earnings data follows a day later, along with the latest set of minutes from the Bank of England’s Monetary Policy Committee. Then, on Friday, we will have retail sales numbers and public sector net borrowing figures for January.
Investec’s economics team says: “Our overall view is that buoyant economic momentum will continue, labour market metrics will continue to strengthen (including pay) despite low inflation, and progress on cutting the deficit for now will remain arduous.”
The week starts with finals from Acacia Mining, Fidessa and Hammerson today. Finance ministers from across Europe will also meet to discuss the Greek situation, with any outcome likely to move markets.
Brammer, Dragon Oil, InterContinental Hotels, Pendragon and Wood Group have full-year figures tomorrow, while Sinclair IS Pharma has half-year numbers.
The Greek bottling giant Coca Cola HBC’s predictions for the year ahead will be closely monitored when it reports finals on Wednesday. The company is unlucky enough to have exposure to both Greece and Russia, two of the biggest geopolitical hotspots in the world today.
A&J Mucklow and Galliford Try both have six-monthly updates the same day, while Sports Direct will have a trading update.
Defence giant BAE Systems has finals on Thursday, as does British Gas-owner Centrica, Morgan Sindall, Primary Health Properties, Promethean World and Rathbones. Rexam too reports full-year performance. With investors keen for any update on the potential sale of the business with US rival Ball, announced last week. Petra Diamonds also reports on half-year performance come Thursday.
The week draws to a close with finals from Essentra and Standard Life on Friday. The City is expecting good things from the insurer, with Panmure Gordon predicting a 7 per cent rise in operating profit and a 6.5 per cent jump in full-year dividend.Reuse content