Week ahead: BoE rates, Persimmon, Tullow, Sports Direct

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Date: Friday 04 Jul 2008

LONDON (ShareCast) - The highlight of the week is likely to be the Bank of England’s decision on interest rates.

A cut is unlikely, particularly the week after the European Central Bank raised rates in an effort to curb inflation, but concerns over continued weakness in the economy may make the bank wary of lifting the benchmark rate from the current 5%.

The weak housing market is one of the main concerns in the current economic climate, so Persimmon’s Tuesday trading statement will be seized on for some clues on the sector’s health. The company said in April that it has has delayed building at new sites until the mortgage market improves after owning up to a 24% slump in sales since the start of 2008.

Tullow Oil said in May that it has benefited from increasing oil prices, while overall production in the year to date has been in line with expectations. With crude surging past $145 a barrel lately, more of the same can be expected from Wednesday’s update.

On the results front, Sports Direct issues full-year figures. Back in April the sportswear retailer said trading has remained challenging but reiterated that it is still confident of achieving EBITDA of around £148m.

Monday July 07

INTERIMS
Michael Page International

INTERIM DIVIDEND PAYMENT DATE
Care UK, Renew Holdings, Topps Tiles

FINALS
Omega Diagnostics Group, RDF Group

EGMs
CSS Stellar

AGMs
May Gurney Integrated Services

TRADING ANNOUNCEMENTS
Morgan Crucible

FINAL DIVIDEND PAYMENT DATE
Billington Holdings, First Derivatives, M&C Saatchi, Martin Currie Pacific Trust, Tolent, WPP Group

FINAL EX-DIVIDEND DATE
Datatec (DI)

Tuesday July 08

INTERIMS
Big Yellow Group

INTERIM DIVIDEND PAYMENT DATE
Victrex

QUARTERLY PAYMENT DATE
Invesco Property Income Trust

FINALS
Jacques Vert

AGMs
DataCash Group

TRADING ANNOUNCEMENTS
Business Post, Dunelm, Persimmon

FINAL DIVIDEND PAYMENT DATE
Findel, Great Portland Estates

Wednesday July 09

INTERIM EX-DIVIDEND DATE
Alternative Networks, Chrysalis VCT, Dewhurst, Dunedin Smaller Cos Inv Tst, Electronic Data Processing, Fountains, Lonmin, Pressure Technologies

FINALS
Avocet Mining, Begbies Traynor, DTZ Holdings, Intelek, Litcomp

AGMs
Big Yellow Group, Booker Group, Investec High Income Trust, London Stock Exchange Group, Perpetual Income & Growth Inv Trust, Summit Corporation, SVM UK Active Fund, Telecom Plus

TRADING ANNOUNCEMENTS
Interserve, London Stock Exchange, Tullow Oil

UK ECONOMIC ANNOUNCEMENTS
BRC Shop Price Index (10:30)

FINAL DIVIDEND PAYMENT DATE
Liontrust Asset Managament, Restaurant Group

FINAL EX-DIVIDEND DATE
Babcock International Group, British Smaller Companies VCT, Carphone Warehouse Group, Charles Stanley, Chloride Group, Cyril Sweett, De La Rue, Detica Group, Direct Wonen, Downing Protected VCT II, Downing Protected VCT III, Downing Protected VCT VI, Downing Protected VCT VII, Electronic Data Processing, Elektron, GB Group, Hornby, Invesco Asia Trust, Invocas, JJB Sports, Monks Investment Trust, Pennine AIM VCT 5, SABMiller, Shanks Group, Telecom Plus, Wincanton, Workspace Group

Thursday July 10

INTERIM DIVIDEND PAYMENT DATE
Edinburgh Worldwide Inv Trust

QUARTERLY PAYMENT DATE
GlaxoSmithKline

AGMs
Man Group

FINALS
Sports Direct International

TRADING ANNOUNCEMENTS
Associated British Foods, Barratt Developments, Computacenter, EcoSecurities Group, Experian, Hays, SIG, Spectris

UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)

Friday July 11

INTERIMS
Smurfit Kappa Group

INTERIM DIVIDEND PAYMENT DATE
Abacus Group, Education Development International, MedicX Fund Limited, Redhall Group, United Drug, Widney

QUARTERLY PAYMENT DATE
British Assets Trust

FINALS
JSC Polymetal

TRADING STATEMENTS
Taylor Nelson Sofres

EGMs
Debts.co.uk

AGMs
C&C Group, Capital Gearing, Expro International Group, Lapp Plats, Norkom Group

FINAL DIVIDEND PAYMENT DATE
Alexandra, Booker Group, Corin Group, Ennstone, Hill and Smith, Hilton Food, Marks & Spencer Group, May Gurney Integrated Services, Prezzo, Tribal Group, Whitbread

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