LONDON THE WEEK AHEAD

THE world’s leaders will be watching the fallout from the Greek election today from Mexico, at the two-day G20 summit.

But despite the focus on the election results this week – plus Spain’s report today on whether €100bn is enough to solve its financial woes – there is also a busy calendar for UK business and economics.

UK inflation figures for May will be revealed tomorrow, along with a quarterly trading update from Argos and Homebase owner Home Retail Group. Figures are expected to be disappointing, owing to April’s dismal weather, although analysts hope Argos’s TV sales will be up as Brits prepare for a summer of sport.

Wednesday’s news includes the Bank of England’s MPC minutes, plus UK unemployment figures and a US rates decision.

Kesa Electricals is also expected to give its full-year results.

Thursday’s reports include UK retail sales, CBI Industrial Trends, Eurozone purchasing managers’ index and the Eurogroup meeting of finance ministers.

Heritage Oil looks set for a fiery AGM, while Dixons will give full-year figures and Go-Ahead Group will update on trading.