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.

Economics Diary

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.

people'It can last and it's terrifying'
Alexis Sanchez, Radamel Falcao, Diego Costa and Mario Balotelli
Danny Welbeck's Manchester United future is in doubt
footballGunners confirm signing from Manchester United
people Emma Watson addresses celebrity nude photo leak
footballFeaturing Bart Simpson
Katie Hopkins appearing on 'This Morning' after she purposefully put on 4 stone.
peopleKatie Hopkins breaks down in tears over weight gain challenge
Arts and Entertainment
Olivia Colman topped the list of the 30 most influential females in broadcasting
Kelly Brook
peopleA spokesperson said the support group was 'extremely disappointed'
Life and Style
techIf those brochure kitchens look a little too perfect to be true, well, that’s probably because they are
Andy Murray celebrates a shot while playing Jo-Wilfried Tsonga
TennisWin sets up blockbuster US Open quarter-final against Djokovic
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
Hare’s a riddle: Kit Williams with the treasure linked to Masquerade
booksRiddling trilogy could net you $3m
Arts and Entertainment
Alex Kapranos of Franz Ferdinand performs live
music Pro-independence show to take place four days before vote
news Video - hailed as 'most original' since Benedict Cumberbatch's
Life and Style
The longer David Sedaris had his Fitbit, the further afield his walks took him through the West Sussex countryside
lifeDavid Sedaris: What I learnt from my fitness tracker about the world
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Infrastructure Lead, (Trading, VCE, Converged, Hyper V)

£600 - £900 per day: Harrington Starr: Infrastructure Lead, (Trading infrastru...

Planning Manager (Training, Learning and Development) - London

£35000 - £38000 per annum + benefits: Ashdown Group: A highly successful, glob...

Business Anaylst

£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...

SQL Implementation Consultant (VB,C#, SQL, Java, Eclipse, integ

£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...

Day In a Page

'I’ll tell you what I would not serve - lamb and potatoes': US ambassador hits out at stodgy British food served at diplomatic dinners

'I’ll tell you what I would not serve - lamb and potatoes'

US ambassador hits out at stodgy British food
Radio Times female powerlist: A 'revolution' in TV gender roles

A 'revolution' in TV gender roles

Inside the Radio Times female powerlist
Endgame: James Frey's literary treasure hunt

James Frey's literary treasure hunt

Riddling trilogy could net you $3m
Fitbit: Because the tingle feels so good

Fitbit: Because the tingle feels so good

What David Sedaris learnt about the world from his fitness tracker
Saudis risk new Muslim division with proposal to move Mohamed’s tomb

Saudis risk new Muslim division with proposal to move Mohamed’s tomb

Second-holiest site in Islam attracts millions of pilgrims each year
Alexander Fury: The designer names to look for at fashion week this season

The big names to look for this fashion week

This week, designers begin to show their spring 2015 collections in New York
Will Self: 'I like Orwell's writing as much as the next talented mediocrity'

'I like Orwell's writing as much as the next talented mediocrity'

Will Self takes aim at Orwell's rules for writing plain English
Meet Afghanistan's middle-class paint-ballers

Meet Afghanistan's middle-class paint-ballers

Toy guns proving a popular diversion in a country flooded with the real thing
Al Pacino wows Venice

Al Pacino wows Venice

Ham among the brilliance as actor premieres two films at festival
Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

Neil Lawson Baker interview

‘I’ve gained so much from art. It’s only right to give something back’.
The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model for a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering