Thursday preview: UK GDP & trade, TUI, Compass

Thursday is a busy day for company announcements but investors could be forgiven for keeping more than one eye out for news of the Spanish austerity budget and the 9:30 announcement of the Office for National Statistics' latest stab at estimating UK gross domestic product (GDP).

Thursday is a busy day for company announcements but investors could be forgiven for keeping more than one eye out for news of the Spanish austerity budget and the 9:30 announcement of the Office for National Statistics' latest stab at estimating UK gross domestic product (GDP).

The market is not expecting any revision to the previous GDP reading for the second quarter, which indicated a 0.5% quarter-on-quarter decline.

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