● British Land announces its results today. Recent good news includes the fact it has pre-let around a third of its Cheesegrater skyscraper to Aon.
● On Tuesday, Marks & Spencer will deliver its results. In 1941, the Westminster based retailer raised £5,000 to pay for a Spitfire fighter called “The Marksman”. Shareholders will hope it fires off some good results. Worldwide Group, De La Rue and Cable and Wireless Worldwide also announce on Tuesday.
● On Thursday, United Utilities, Man Group, Burberry and KCOM announce. On Friday, Severn Trent will want to make a splash with its results.
● France’s, Germany’s and the EMU’s preliminary manufacturing and services data will be released on Monday.
● On Wednesday, the BBA loans for house purchase will be released. As will the second release of the UK’s first-quarter GDP, while the US’s first-quarter GDP second release will take place on Thursday.
● May CPI data for Germany is released on Friday. It is the central indicator to judge monetary value trends in Germany, used in wage negotiations and in agreement clauses regarding the level of recurring payments. EMU M3 will also be released on Friday. It will be interesting to see if money supply has grown.
● On Tuesday, a backbench motion relating to Eurozone financial assistance will be presented. It will look at why UK taxpayers are liable for bailing out Eurozone countries even though the UK opted to remain outside the euro.
● On Wednesday, as part of his European tour, President Obama is expected to make a speech in London on Europe and transatlantic relations.
● National Farming Union bosses will meet politicians on Thursday to “eliminate unfair commercial practices and create a brighter future for the British dairy industry.” If they are successful, expect to pay more for your milk.