THE TIPSTER

 
Philip Salter
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LAST week's budget certainly gave a fillip to the construction industry. The sector has hardly had an easy ride since the free-flow of credit dried up in 2008, but with some of the froth knocked out of the market, progress seems to have been emerging in recent months. Housebuilder Bellway will be releasing its interims on Wednesday, so expect outlooks here to have the ability to sway this stock and the peer group as a whole. IG Index offers Bellway 694.8p-699.2p.

With DBK coming out with their figures today, trading either the Dax or DBK directly could offer some volatility. WorldSpreads offer a spread of €41.55-€41.65 on DBK and a spread of 6,955-6,956 on the rolling Dax future.

This week is a big one for the travel industry, with trading updates due from Thomas Cook tomorrow and TUI Travel on Thursday. Thomas Cook’s share price fell in early trading on Friday following an announcement that the Olympic Games Committee suspected pricing of hotel packages for the 2012 Games might not be fair. With the summer coming up, and the Olympics around the corner, this could be a bargain price for one of Europe’s largest travel firms. Cantor Index offers a spread of 167.76p-168.55p.

After a torrid week where its share price fell 70p to 570p in the space of a few days, Ted Baker has bounced back in a big way. It released annual figures showing revenues up 15 per cent to £187m and pre-tax profit up 24 per cent to £24m. This encouraged the share price to recover to its current 666p level. Their latest statement shows an intention to break into the Chinese market. Capital Spreads quotes 674.1p-677.4p.

Heating and plumbing products company Wolseley is due to announce its first half results on Tuesday and given the continued fragile nature of the US housing market and the number of UK public sector contracts it has, it could well be as good as it gets for the company as it seeks to rebuild its business and return to profit after two years of losses. CMC Markets offers a spread of 2,074.40p-2,079.54p.