London Report: Recovery looks on track in busy reporting week

SERVICES figures due out this week, plus the latest updates on industrial and manufacturing production, look set to show continued recovery for the British economy.

“September’s industrial production figures are likely to show that overall output partially recovered from its surprise 1.1 per cent monthly fall in August,” said Martin Beck, of Capital Economics. “Manufacturing output could have done better than simply reverse August’s 1.2 per cent fall. So we have pencilled in a 1.5 per cent rise,” he added.

Other economics news out this week includes the Halifax House Prices index, due tomorrow, and the Bank of England rates decision on Thursday.

The busy corporate calendar starts today with reports from E2V Technologies, Grafenia, Telecity Group and Biome Technologies.

Tomorrow includes final reports from retail giants Associated British Foods and Marks & Spencer plus Next Fifteen Communications, Blinkx and First Derivatives.

Kofax, CSR, 4Imprint Group, Aer Lingus, HSBC, Intu Properties, Legal & General , PPHE Hotels, InterContinental Hotels, Hilton Food Group, G4S and Balfour Beatty will also update the market.

On Wednesday Egdon Resources, Goldplat, DCC, Experian, FirstGroup, Heath (Samuel) & Sons, Lancashire Holdings, Millennium & Copthorne Hotels, Smurfit Kappa, Mondi, Old Mutual, Persimmon and Alent will all give figures.

AB Dynamics and Grainger will give end-of-year reports on Thursday, while Cable & Wireless Communications, Dairy Crest Group, Halfords, Invensys, Shanks Group, Tate & Lyle, Wincanton will give interim results.

The long list of companies also reporting on the day include Hellenic Telecom Industries, RSA Insurance, Talvivaara Mining Company, Aviva, Beazley, Bumi, Cable & Wireless Communications, Dialight, Eurasian Natural Resources Corporation, London Mining, Morrison (Wm) Supermarkets, Ruspetro, Schroders, Schroders, Spirax-Sarco Engineering, Synthomer, Inmarsat, Morgan Sindall Group, SuperGroup, Reed Elsevier, J D Wetherspoon and Affinia Group Holding.

On Friday Afarak Group, International Consolidated Airlines Group, Novolipetsk Steel, Rolls-Royce Holdings, Tullow Oil and Rentokil Initial will give figures.