Bumper week of UK results as oil majors update the market - London Report

THIS week sees dozens of companies reporting results, while data on manufacturing orders and mortgage approvals should reveal that both markets are on the up.

The Confederation of British Industry (CBI) is expected to report a modest pick-up in manufacturing orders in July, in data out today.

Data on GDP growth, out tomorrow, is expected to show a rebound to 0.7 per cent quarter-on-quarter, during the second quarter of the year.

Meanwhile, the Bank of England is expected to report on Wednesday that mortgage approvals for house purchases picked up to a 16-month high of 68,000 in June.

On the corporate calendar, today sees reports from Senior, Petra Diamonds and Fevertree Drinks.

Tomorrow, companies publishing results include BP, Burford Capital, Domino’s Pizza Group, ITV, GKN and Drax Group. Man Group, Foxtons, Barclays, Greggs, British American Tobacco and Rightmove, and on Thursday, Shell, Henderson Group, Thomas Cook, Centaur Media, AstraZeneca and RBS will update the market. Rounding up the week, IMI, Lloyds and International Airlines Group will report on Friday.

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