The Week Ahead: Topps Tiles to reveal turnaround progress
The week doesn't start with a wealth of results, but shareholders in Booker will be gathering in London to vote on the cash-and-carry wholesaler's proposed acquisition of the struggling UK business of rival Makro. Judging by the market's reaction, investors are unlikely to put up much opposition – Booker's shares jumped 10 per cent in one session after the deal was announced in May.
Results/Updates: No major companies due to report.
Back in April Persimmon said it had started 2012 with a flourish, and the housebuilder looks set to release another upbeat statement on Tuesday when it announces its trading update. Panmure Gordon's scribblers believe the group will report "a good first-half performance", while they note that margins are likely to have seen an improvement thanks to the continuing benefits of cheaper land.
Software firm Anite will also be in the spotlight tomorrow with the announcement of its preliminary results. Analysts from Canaccord Genuity expect one of the subjects that bosses will focus on to be its handset business, saying they are looking for "a clear explanation of how and why the ... market will continue to grow into 2013 and beyond".
Results/Updates: Anite, N Brown, Persimmon, Real Good Food and St Modwen.
It has been not much more than a month since Topps Tiles' last update when they gave investors a pleasant surprise by revealing that, thanks partly to the gloomy weather, like-for-like sales over the previous seven weeks had jumped 4.5 per cent. The tile retailer has suffered during the economic downturn, but the City will be hoping that the announcement wasn't a one-off and that Wednesday's third-quarter statement will show that the turnaround has continued.
Numis Securities' Howard Seymour is expecting Carillion's second-quarter update to recognise the continuing challenges that the construction company is facing in the majority of its markets, although the analyst adds that these problems are largely accepted by the Square Mile.
Another in focus will be Tullow Oil. The explorer's update will, hopes Sheridan Admans from The Share Centre, bring further news on its operations in French Guiana, where it – together with Royal Dutch Shell and Total – has recently won drilling approval from the French government.
Results/Updates: Carillion, CSF Group, International Airlines Group, International Greetings, Taylor Wimpey, Topps Tiles and Tullow Oil.
Investors in Dunelm will be hoping that the furniture retailer's fourth-quarter figures on Thursday will see them sitting pretty. Although the UBS analyst Andrew Hughes is expecting the group to announce a drop in like-for-like sales of 2 per cent, he notes that this would still count as a good performance compared to its rivals.
Looking further ahead, Mr Hughes adds that "there is a good chance ... a further capital repayment" will be revealed with Dunelm's preliminary results in September.
Babcock International has been pretty bullish over the boost it expects to get from government cost-cutting, and Panmure Gordon's scribes predict that the defence services group's latest update will also be "confident". They believe it "will be looking hard at new opportunities", although they add that it "may be too early to provide an update on any potential acquisitions".
Results/Updates: Babcock International, Begbies Traynor, Dunelm, easyJet, NCC Group and Robert Walters.
While corporate updates are rather thin on the ground, the City will be on tenterhooks on Friday ahead of the closely watched non-farm payroll figures from the US. Last month, markets were knocked by the employment data showing that only 69,000 jobs were added in May, less than half the number that had been expected.
Results/Updates: No major companies due to report.
Today Eurozone unemployment rate; Manufacturing purchasing managers' index; US construction spending; US ISM manufacturing purchasing managers' index.
Tomorrow Construction purchasing managers' index; Mortgage approvals figures; Net lending to individuals data; US factory orders.
Wednesday British Retail Consortium shop price index; Eurozone first-quarter GDP (third estimate); Eurozone retail sales; Eurozone services purchasing managers' index; Services purchasing managers' index; US markets closed for Independence Day.
Thursday Bank of England asset purchase facility; Bank of England interest rate announcement; European Central Bank press conference; US ISM non-manufacturing purchasing managers' index; US unemployment claims.
Friday Producer price index; US non-farm payroll figures.
Oscar Pistorius trial: Defence witness contradicts athlete version
Oscar Pistorius trial: The case against Oscar Pistorius – and why the prosecution claims his story doesn't add up
South Korea ferry: Captain Lee Joon-seok could face criminal investigation as over 280 remain missing
Peaches Geldof dead: Private funeral for the family and friends of the socialite will take place next week
Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Poveglia: 'World's most haunted island' up for sale...is anyone brave enough to buy it?
- 2 The Hobbit: There and Back Again set for possible title change
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
iJobs Money & Business
£150.00 per week: QA Apprenticeships: This company has been providing on site ...
£221.25 per week: QA Apprenticeships: This company is a well established Inter...
£40000 - £50000 per annum: Harrington Starr: Client Relationship Manager - SQL...
£35000 - £50000 per annum: Pro-Recruitment Group: Take your chance to join the...