Thomas Cook is releasing its full year pre-closing trading update on Thursday after management revised down expectations in its third quarter review by around £25mln due to the tragic events in Tunisia and concerns regarding Greece's potential exit from the Euro.
Keith Bowman at Hargreaves Lansdown said: “Nonetheless, late summer bookings from its UK business may have benefited from the poor weather and the strength of the pound, partly offset by weakness for its German business and weakness in the Euro.”
With companies including Goals Soccer bemoaning the poor UK weather for an uptick in jetsetters, it will be intriguing to see whether Thomas Cook agrees with this sentiment.
In the US, Federal Reserve Chair Janet Yellen is also set to speak on Thursday, however her comments will are likely to closely reflect the message the Fed gave last week.
Also speaking on Thursday is Shinzo Abe, who will have an opportunity to layout the goals he has for the remainder of his term as Japan’s Prime Minister.
Significant announcements expected
Interims: Dolphin Capital Investors (LON:DCI), SciSys (LON:SSY), SVG Capital (LON:SVI).
Trading statement: Thomas Cook Group (LON:TCG), Euromoney Institutional Investor (LON:ERM), Daily Mail and General Trust (LON:DMGT).
Economic: UK – BBA Mortgage approvals, US – Durable goods orders, Initial jobless claims, New home sales.
Companies trading ex-dividend: Oxford Instruments (LON:OXIG), Pendragon (LON:PDG), Old Mutual (LON:OML), Norish (LON:NSH), Ladbrokes (LON:LAD), Murray Income Trust (LON:MUT), Playtech Ltd (LON:PTEC), Quarto Group (LON:QRT), Vitec Group (LON:VTC), Wynnstay Group (LON:WYN), Servelec Group (LON:SERV), Small Companies Dividend Trust (LON:SDV), Redrow (LON:RDW), Stadium Group (LON:SDM), Aquatic Foods Group (LON:AFG), Hargreaves Services (LON:HSP), Capital Lease Aviation (LON:CLA), Crest Nicholson Holdings (LON:CRST), Bovis Homes Group (LON:BVS), Best Of The Best (LON:BOTB), Avarae Global Coins (LON:AVR), Boot (LON:Henry), (LON:BHY), Henderson High Income Trust (LON:HHI), Consort Medical (LON:CSRT), Essentra (LON:ESNT), Gamma Communications (LON:GAMA), Diverse Income Trust, (LON:DIVI), EMIS Group (LON:EMIS), Drax Group (LON:DRX), Dignity (LON:DTY), Severstal (LON:SVST).