LONDON WEEK AHEAD
GIVEN property developer British Land’s significant presence in the City, its full-year results will be closely watched this morning for signs of how the Eurozone crisis is hitting the company’s retail lettings.
Budget airline Ryanair will also release its full-year results, as will outsourcing group Mitie.
The spotlight will turn to the UK high street on Tuesday when bellweather Marks & Spencer reports full-year figures, with analysts expecting a fall in profits, and an update on chief executive Marc Bolland’s three-year plan.
Inflation figures for April are also due from the ONS, and Vodafone – fresh from its £1bn takeover of Cable & Wireless Worldwide, which reports this morning – will update investors.
MPC minutes covering the last meeting will be released on Wednesday, along with full-year results from booming luxury group Burberry, and from Great Portland Estates.
Thursday will see retailers ASOS and Mothercare report, with the latter expected to give an update on how its turnaround plans – which included plans to close 200 UK stores – are progressing.
Brewer SAB Miller will also release full-year results along with pubs group Youngs, and the UK’s largest listed water company United Utilities.
Thursday also sees the British Bankers’ Association release its mortgage lending figures for April, following two months in which approvals have fallen, after they hit a two-year high in January.