Business Information Service: The week ahead

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The Independent Online
Monday 3.10.94

Provisional M0 money supply figures for September should show a deceleration, according to UBS forecasters. The year-on-year increase should fall from 6.3 per cent to 5.7 per cent. Restaurant Groupe Chez Gerard unveils maiden final results.

Tuesday 4.10.94

A busy day for economic statistics. UBS believes that UK official reserves will have risen by dollars 10m ( pounds 6.3m) in September. There will also be a full set of August monetary statistics, including bank and building society balance sheets, bill turnover statistics, official operations in the money market, sterling certificates of deposit and sterling commercial paper. NatWest Securities expects the brickmaker Ibstock to return to the black with pounds 4m half-year profits, while Raine Industries should take its final profit up from pounds 9.5m to more than pounds 13m. But severe margin pressures on bed prices could clip Silentnight's interims from pounds 6.4m to pounds 4.4m.

Wednesday 5.10.94

A first estimate of August's cyclical indicators for the UK economy will be accompanied by the August index of production. High-street recovery will brighten Austin Reed Group's interims, and Bank of Scotland will also produce improved figures.

Thursday 6.10.94

Cyclical indicators for the UK economy (August - first estimate), index of production (August), and results from Etam, Helene and J D Wetherspoon will give further clues about consumer spending.

Friday 7.10.94

July's balance of visible trade with the rest of the world should show little change from June's pounds 700m deficit, UBS says. There will also be UK second- quarter economic accounts. Geest, the storm- tossed banana importer will reveal interim results.

Source: NatWest Securities, UBS Group

'The fundamentals are still sound for prospective purchasers. There is nothing to suggest that this is anything more than a hiatus.' Neville Simms, chief executive of Tarmac, on a halving of house sales since last month's rise in interest rates.

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