Tuesday sees plumbers' merchant Wolseley reporting its full-year results, where the company is still likely to be enjoying the benefits of a growing US economy.
“Strength in the US dollar is likely to provide the numbers with a favourable tailwind, whilst further on-going bolt-on acquisitions could be announced,” Hargreaves Lansdown reckons.
Group revenue is forecast to edge around 2% higher to £13.36 billion, while trading profit is expected to have grown by over 13% to £865 million, the broker notes.
Meanwhile, Boohoo.com should the show benefits from its more focused and targeted marketing approach following a strong first quarter in UK sales.
Investec said the UK sales, which represent 67% of full-year sales, should continue to be strong “with a less direct promotional stance and lack of formal sale indicative of underlying trading strength.”
Don’t expect a dividend, with the broker noting management has been clear that any profit benefits from sales outperformance are likely to be reinvested into the top line and proposition
Significant announcements expected
Final: Earthport (LON:EPO), James Halstead (LON:JHD), Netcall (LON:NET), Vernalis (LON:VER), Wolseley (LON:WOS)
Interim: Boohoo.com (LON:BOO) , e-Therapeutics (LON:ETX), Ergomed (LON:ERGO), Globo (LON:GBO), Outsourcery (LON:OUT), Personal Group Holdings (LON:PGH), Toumaz Holdings Ltd (LON:TMZ), Venture Life Group (LON:VLG).
Economic: US S&P Case Shiller house price survey, US consumer confidence. EU Economic confidence.