London Report: Mortgage lending data to shine light on housing boom

MORTGAGE approval data for February, due out today, are likely to highlight more growth in the heated housing market.

The figures will be closely watched after the Bank of England last week warned some borrowers may be overstretching themselves in the current fast-moving market.

Purchasing Managers’ Index (PMI) data for manufacturing, construction and services published throughout the week will give further clues to the state of the economy.

The corporate calendar today has news from Bowleven, Polymetal, Quindell, SkyePharma, Toumaz and YouGov. Tomorrow Aberdeen Asset Management, ICAP and Vernalis will update the market.

On Wednesday Asos, Cupid, FirstGroup and Office2Office report, while Thursday brings news from Booker Group, BTG, Dunelm Group, Electrocomponents and Tate & Lyle.

Annual meeting season is well underway this week, with shareholder gatherings for Amec, Domino’s Pizza, Sports Direct and Stobart.