Drinks brands leviathan Diageo will be going up against tough comparative figures from a year ago when it unveils fiscal first-quarter figures on Wednesday.
Nomura thinks the Guinness brewer will still manage to churn out organic revenue growth of 5%. with strong growth in emerging markets and resilience in the US more than offsetting the slow-down in Europe.
"We do not expect any change to the company's medium-term guidance (6% revenue growth, 200bp [two percentage points] on margin over three years)," the Japanese broker revealed.
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Minutes from the October meeting of the Bank of England's Monetary Policy Committee (MPC) will be released at 09:30.
The Bank's current round of quantitative easing (QE) ends next month and economists will be scouring the minutes to see whether there are any clues as to whether the QE tap will be turned on again.
MPC member Martin Weale, for one, has expressed concern about sanctioning more QE while inflation remains above the Bank's 2.0% target rate. Weale's colleagues Ben Broadbent and Spencer Dale have also recently gone on record to warn about inflation risks.
The Bank of England increased its asset purchase pot by £50bn to £375bn in July.
INTERIMS
Datatec Ltd. (DI), Vertu Motors
INTERIM DIVIDEND PAYMENT DATE
Dunedin Income Growth Inv Trust, Neptune-Calculus Income & Growth VCT, Premier Farnell
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BAE Systems, British Polythene Industries, Capital Shopping Centres Group, Foresight Solar VCT, JZ Capital Partners Ltd, Kerry Group 'A' Shares, Mears Group, Octopus Apollo VCT, S & U, Scisys, Smart Metering Systems, Spectris, Ted Baker, TT Electronics
QUARTERLY EX-DIVIDEND DATE
F&C Commercial Property Trust Ltd., Middlefield Canadian Income PCC
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Crude Oil Inventories (US) (15:30)
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Q3
MCB Bank Ltd GDR (Reg S)
GMS
Persimmon, Vipera
IMSS
Diageo
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Aberdeen Asian Smaller Companies Inv Trust
AGMS
Diageo, Diverse Income Trust (The), Vipera, Wasabi Energy
TRADING ANNOUNCEMENTS
Speedy Hire
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BoE Interest Rate Minutes (09:30)
Claimant Count Rate (09:30)
Unemployment Rate (09:30)
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News Corp. 'A' Shares
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Aberdeen Asian Smaller Companies Inv Trust, Animalcare Group, Avingtrans, Close Brothers Group, Henderson EuroTrust, Quayle Munro Holdings, Ricardo, Stavert Zigomala, Strategic Equity Capital, Wilmington Group
JH
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