Thursday preview: Lots of interest in the BoE meeting

On Thursday, the Bank of England announces its interest rate decision and for the first time in years, we cannot blithely assume that the rate will be kept the same.

On Thursday, the Bank of England announces its interest rate decision and for the first time in years, we cannot blithely assume that the rate will be kept the same.

The terrible second quarter gross domestic product number has raised the prospect of the Bank's Monetary Policy Committee (MPC) countenancing a halving of the current rate, to 0.25%. However, most pundits expect the MPC to stand pat, to see what effect the recent topping up of the asset purchase pot will have.

On the corporate side, two companies currently in a pickle will be reporting.

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Bookie Ladbrokes is set to reveal details of a new management structure along with its interim results after it confirmed earlier this week that Richard Ames, the director in charge of the firm's digital strategy, has been relieved of executive duties.

Travel firm Thomas Cook has been selling off the family silver to bring down interest payments on its huge pile of debt, but what will really help the company is a late surge of summer bookings from Brits desperate to find a part of the world where the sun still shines. Thursday's trading update will reveal whether the travel pioneer has enjoyed just such a late surge.

Medical devices maker Smith & Nephew is tipped to announce an operating profit of $223m for the second quarter of 2012, down just a dash from the corresponding period of 2011.

Earnings per share are forecast to slide to 15.8 cents from 18.1 cents the year before, while the divi could be bumped up to 7.3 cents from 6.6 cents, the market thinks.

The group has now been restructured to report along two divisional lines, Advanced Surgical Devices (ASD) and Advanced Wound Management (AWM).

INTERIMS

4Imprint Group, Aggreko, Alliance Trust, BAE Systems, Ladbrokes, Millennium & Copthorne Hotels, Robert Walters, RPS Group, RSA Insurance Group, Schroders, Schroders (Non-Voting), SEGRO, Smith & Nephew, Spirent Communications, Trinity Mirror

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Bloomberg Consumer Confidence (US) (14:45)

Continuing Claims (US) (13:30)

ECB Interest Rate (EU) (12:45)

Factory Orders (US) (15:00)

Goods Orders (US) (15:00)

Initial Jobless Claims (US) (13:30)

Q2

Millennium & Copthorne Hotels, Smith & Nephew

TRADING ANNOUNCEMENTS

Hyder Consulting

GMS

Forte Energy NL

IMSS

Thomas Cook Group

AGMS

AFI Development, African Minerals Ltd., Federal Bank Ltd (The) GDR (REGS), Hyder Consulting, Investec

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

PMI Construction (09:30)

FINAL DIVIDEND PAYMENT DATE

Burberry Group, Dairy Crest Group, De La Rue, Dee Valley Group, Dee Valley Group (Non-Voting), Mckay Securities, UBC Media Group