Market watch: The Week Ahead
Elsewhere on the high street, some retailers will not be so robust.
HMV is expected to reveal an 8 per cent like-for-like decline in sales for the period on 9 January, while Home Retail is forecast an 8 per cent same-store decline at Argos on 12 January and Mothercare may reveal a 9.2 per cent drop on the same day. The pressure on the retail sector is not set to alleviate any time soon, as shoppers are forecast to slash nearly £1 billion from spending on non-essential goods, such as electrical items.
Tuesday: CIPS manufacturing PMI survey
Wednesday: (trading updates) Domino’s Pizza, Next; CIPS construction PMI survey; Bank of England lending figures
Thursday: (trading updates) Clinton Cards (AGM), Costain;
CIPS services PMI survey
Friday: (trading update) Robert Walters; bus maker Optare holds meeting to vote on share placing that will hand 75 per cent stake to India’s Ashok Leyland.