Lloyds heading back to black after 2012 loss

LLOYDS Banking Group is primed to announce its first quarter figures tomorrow, with investors hoping for a profit amid talk the bank will also re-introduce a dividend.

Analysts forecasts it will deliver a post-tax profit of £649m in the first three months of the year, on sales of £4.58bn. For the full year, consensus forecasts estimate a profit before tax of £1.6bn against a full-year loss of £570m the year before.

The economics week starts today with news from the latest Hometrack housing survey. It shows a slow, steady rise in the housing market, but the biggest demand in London since 2007.

Also today, Aberdeen Asset Management, Egdon Resources, Greene King, Jazztel and Williams Grand Prix are all due to report.

Tomorrow brings a raft of economics reports, including the GfK consumer confidence survey, net consumer credit data, figures for net lending secured on dwellings, mortgage approvals and money supply figures.

Online fashion retailer ASOS will report half-year figures, with the company expected to report a 16 per cent rise in first-half profits to around £25m.

Imperial Tobacco, Harvey Nash, Media Corporation, Puricore, Whitbread, BP, Carphone Warehouse, Ensco, National Express, Stagecoach, Willis, Wolfson and Microelectronics will also be updating the market.

On Wednesday the first of the purchasing managers’ reports (PMIs) will be released – for manufacturing – while the Nationwide house prices data is due to be published.

Avon Rubber, Home Retail Antofagasta, Carillion, Delphi Automotive, Henderson, Kerry, Kofax, Meggitt, Novae, Seagate Technology, and Weir are all due to give their latest figures.

On Thursday construction PMI figures will be released while Avocet Mining, BG, British Sky Broadcasting, Howden Joinery, Lancashire, Legal & General, Millennium & Copthorne, Randgold Resources, Rolls-Royce, Royal Dutch Shell, RPS, RSA Insurance, Schroders, Shire, Smith & Nephew and Sopheon will all give updates.

Market watchers will be keen to see the results from satellite broadcaster BSkyB, which is facing a rising threat from BT in the television market.

The update covers the three months to 31 March, with ­analysts at Numis predicting pre-tax profits of £300m for the quarter.

The week is set to end with the third PMI report, for services.

Capital & Counties, Direct Line Insurance, Inmarsat, Laird, Man, Mondi, Phoenix, Rentokil Initial, Royal Bank of Scotland and Smurfit Kappa are all due to give their latest figures.