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A Brief Look At The Week Ahead | |
Economists seem certain the BoE Monetary Policy Committee will keep rates at 5%, at their first meeting of the year this week, but many expect the European Central Bank to raise rates in the eurozone. Brewin Dolphin predicts the Bank of England will leave rates unchanged, but believes that the cost of borrowing could rise by April on signs that inflation is not only continuing to rise above the Bank's target of 2%, but it is also accelerating. Marks & Spencer is expected to say on Tuesday that Christmas trading on a like-for-like basis has risen by close to 6%, in line with expectations. Analysts believe that food sales will not repeat the strong growth seen in the previous Christmas trading period, but will still show a slight rise. Barclays forecasts a like-for-like sales rise of just under 9% for the group's general merchandise section, and an increase of around 3% in its food division. Improvements such as these, Barclays believes, could keep the retailer's share price momentum on track. M&S shares finished last week at 734p. Also on Tuesday, BP puts out a trading statement. Investors are bullish about the sector's prospects despite the falls in the global oil price, and the expectations are that BP will indicate healthy Q4 production figures. JJB Sports, the sports clothing retailer, will give its Christmas trading statement on Wednesday, while Alliance Boots will update the market on Thursday. Analysts are concerned that the company's management has focused on the merger of Alliance with Boots, completed earlier this year, rather than on Christmas trading. Expectations are low for HMV, which provides its results on Thursday. The CD and DVD retailer advised the market before Christmas that festive business would disappoint, and some analysts believe sales in its stores could have deteriorated even further since its last statement. Amongst others in the headlines this week will be :- Cobra Bio-Manufacturing on Tuesday; Experian on Wednesday and Sainsbury on Thursday. Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.) |
NMI 0.35p | A pretty large volume last Friday of about 7 times the usual | A change of trend on the chart is on the cards as share price is bouncing from lows with volume | Has lately won a contract from Stockholm Underground , the NV5000 360 degree fully immersive camera was warmly received at last September San Diego exhibition | New management has been taking over, selling the old product and purchasing a stake on Next Vision so business compromise Inmerging Photography and Video |