UK finances in spotlight with inflation data

BRITAIN’S finances will be brought sharply into focus this week with details of the annual inflation rate, minutes of the October Monetary Policy Committee (MPC) and public finances data.

On the corporate front, housebuilder Bellway is expected to extend the sector’s positive run tomorrow, with preliminary results.

Today’s news includes a trading update from Fresnillo, plus house prices data from Rightmove.

Tomorrow Spirit Pub Co and Smiths News will give annual results while Carpetright will also give a trading update. Economics news includes inflation data from the Office for National Statistics.

On Wednesday Diageo will update the market. MPC minutes for October will be released and the FSA is due to publish an approach document giving more details on the new Financial Conduct Authority’s powers.

Britvic, Cairn Energy, Jupiter Fund Management, Ladbrokes, Man Group, Mecom Group, Mothercare, SABMiller and UBM are all set to report on Thursday.

On Friday William Hill, Aggreko, Petrofac and Rank Group will update the market, while public finances data is set to be released.