The Week ahead: BoE, Federal Reserve and British Airways
This week ahead sees crisis talks between the union and British Airways as their latest set of results for Q4, as well as minutes from the meetings of the BoE and Federal Reserve to be revealed as investors seek an insight into the UK and US economy.
The first day sees British pharmaceutical - Boots Alliance release their progress over the last year.
On the economic front, George Osbourne is to set out further details around the emergency budget.
Prudential shareholders will be interested in any developments surrounding their massive rights issue as weekend newspapers reported the issue is close to launch.
Blue-chip earnings however wait till Tuesday, as FTSE 100-listed British Land releases its fourth quarter and goes towards its £426.40 million revenue target.
Also, Dairy Crest - your local milkman - reports together with Yell - business directory.
Vodafone, who will follow on from British Telecom last week, report for the telecoms industry. Information on their dividend plans and follow-up on rumours of a merger with Verizon Communications will be of interest to shareholders.
The minutes from the Bank of England's most recent Monetary Policy Committee meeting will be released mid-week.
Internationally, the number of mortgage applications in the US, along with the Fed's own interest rate meeting minutes will be released as the Monetary Policy Committee reveals the background/votes from last the decisions made at the last meeting which held interest rates as well as QE.
Of interest will be any insight into the UK's economy - which is now held under the Conservative-Liberal Democrat coalition.
Among those reporting earnings, will be Mitchells & Butlers, the pubs owner, and interdealer broker, ICAP.
Scottish and Southern Energy, which owns Atlantic Gas and Electric, one of only two UK firms in the country along wtih British Gas' Centrica, go ahead with their interim results on Wednesday with REIT Land Securities.
The only Real estate investment trust, Land Sec will hope to please markets with positive news on commercial property rental values.
The end of the week sees a further corporate update from across the sectors which can be summarised below.
The UK meanwhile will report retail sales on Thursday as money supply, mortgage approvals and public sector finances appear Friday.
Internationally, the Bank of Japan reveals interest rates decisions along with European Consumer Confidence on Thursday, with the EU following up with balance of payments and current account.
Investors may be looking closely for any further instability following the Greece debt crisis whilst the other main issue of the week - British Airways finishes the week with a corporate announcement on Friday - by that time, any talks with the union will remain a side issue if losses exceed the £250 million forecasted.
Monday – Boots Alliance (F)
Tuesday – British Land (F), Vodafone (F), Dairy Crest (I), Yell (I)
Wednesday – Mitchells & Butlers (I), ICAP , Land Securities (Q1), Scottish & Southern Energy (Q1), Carnival's
Thursday – Marston's (I), Cairn Energy (I), National Grid (F), SABMiller (F),
Friday – British Airways (I), London Stock Exchange, United Utilities
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