Energy provider Scottish and Southern Energy reports tomorrow. Households are tightening their purse strings as the cost of using energy becomes increasingly expensive. This may have a knock-on effect on its revenues. It was recently downgraded by Goldman Sachs with a target of 1,230p. Capital CFDs quotes 1,319.3p-1,321.7p.
Gold has had a bullish few days recovering from the $1,600 an ounce mark rising back towards $1,800. It would indicate that the bulls are back in town, driving the price of the precious metal higher, as investors pile back into the safe haven. Capital CFDs quotes $1,766.0-$1,766.4 for spot gold.
Admiral Group releases an interim management statement tomorrow. Its shares recently hit a 52-week low of 1,089p, but bounced hard off the 61.8 per cent Fibonacci retracement of the 2008 lows, to 2011 highs, at 1,100p. With a dividend yield of around 6.5 per cent and a potential recovery in the share price on the horizon, dips to around 1,100p should be used to buy with 1,350p as a target. Spread Co quotes 1,199.1p-1,202.9p.