Next week: price BP and Shell Oil to increase their profits

Indices of managers of the last purchase (PMIS), manufacturing, construction and services sectors survey will be examined for indications on how the UK started in 2011. Some economists believe that the economy will appreciate a bounce-back this quarter as companies catch up with work delayed. This hope is outweighed by concerns over the impact of public spending cuts.

• RYANAIR cope with rising oil prices is a major point of discussion when the airline announces third quarter results. While the carrier is 90pc covered approximately $ 73 per barrel at the end of March through analysts are some quiz Ryanair boss Michael O'Leary on political coverage go ahead now that oil is close to $100 per barrel.
• UBS is forecast for the quarter, partly due to disturbances of the winter, an operating loss of 21 million euros (£ 18 million)
sales up to EUR 612 million to EUR 700 million.

Full-year results

No application

Interim results

Filtronic

Trading update

Mitie, Ryanair

Economy

The land registry house price index

Meetings

PhORM (AGM)

• ARM Holdings, the designer of microchips for virtually all smartphones in the world and tablet devices, including iPhone and iPad, should declare year-round profits before tax of approximately 160 million pounds compared to 96 m £ a year earlier. Sales are expected to come in at about 100 million pounds sterling more than 400 m from £ when it announces its annual results on Tuesday.
•Ocado, online grocery retailer that sells food, Waitrose will publish its results for the first year since its introduction on the stock market last summer. The city expects Ocado to the result before interest, taxes and depreciation (EBITDA) of
approximately 22 million pounds, more than 9 million to £ last year.

Full-year results

ARM Holdings, autonomy, BP

Interim results

No application

Trading update

National Grid, water of Northumbria, Ocado

Economy

Manufacturing PMI for January, the Bank of England and lending money for December figures

Meetings

No application

Full-year results

No application

Interim results

No application

Trading update

Plasmon, Imperial Tobacco

Economy

Construction PMI for January

Meetings

Imperial Tobacco (AGM)

•Consumer goods giant Unilever will publish its results for the year. In its update of the third quarter, shampoo Sunsilk and PG board manufacturer has reported an increase in turnover, driven by strength in emerging markets. Forecasts updated consensus sales to €44 MD (£ 38bn) and profit before tax of. 93bn €5. Written in advance the results of the year, Citigroup analysts stated that "any guidance on the rising costs and ability to Unilever to transmit their be a key element of sentiment on the stock and, indeed, the sector".
The broker said: "the last spike in raw is worrying, and given the backdrop of mac ro, it is unlikely that food companies will be able to go to the pricing as easily as in 2008." Proof of US food sector, however, is encouraging and points taken early signs of pricing worms and sticking. »
•Healthcare giant GlaxoSmithKline (GSK) will unveil its annual results on Thursday. Earlier this month, knowledgeable company would book a £ 2 MD of legal costs in the fourth quarter, for an investigation on the sale and promotion
practices in Colorado, as well as claims about his diabetes, Avandia drug. In the fourth quarter of GSK
profits will be effectively annihilated by the charge. For the full year, analysts are expecting GSK to post sales of £ 28. 39bn and profits before tax of more than £ 4, compared with £ 28. 37bn sales year last and £ 7. 9bn profit. Analysts are preoccupied with the shadow of an action suspended above the pharmaceutical industry. Morgan Stanley recently downgraded its rating on GSK to "underweight" from "equal-weight", saying that he feared that the company may need to take other provisions to deal with law enforcement investigations.

Full-year results

GlaxoSmithKline, Unilever

Interim results

BT, Vodafone, Qinetiq

Trading update

TUI Travel

Economy

Services PMI for January, ECB rate announcement

Meetings

TUI Travel (AGM)

Friday 4 February

• Full-year results
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Interim results
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Trading update
Electrocomponents,
Southern Cross Healthcare
Economy
No application
Meetings
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FTSE 100 shakes off the coast of lethargy increase 1. 3pc

To this end, the execution of noble surveyed 5,000 consumers and found that Mr Bolland strategy had identified several key issues that should drive more strong sales solutions.

The broker has three areas where strategy M & s mounted particularly well with consumer trends: plans to expand its range of food; stringto make a clearer distinction between its different brands of vêtements.et increase his sentence offering, with an emphasis on the areas of growth such as bedding and kitchen utensils.

"Therefore, we are convinced that if M & S runs on the strategy set out then M & S should grow like-for-like sales over the market sustainably," said Ms. Gulliver M & S upgrade "buy" to "" hold"."

But in another large note M & s, Citigroup kept rated "dock/medium risk" on the string pointing to rises in raw material prices and the prospects of demanding consumers.

Nevertheless, the M & ticked up to 6 percent 390.2 someday when the FTSE 100 climbed 76.15 points to 5768.71.Le FTSE 250 gained points 10844.42 131.19.

After having blocked margin uncertainty about whether Ireland agree a European bailout traders take heart as mounted hopes Thursday an agreement mitigate the Ireland debt crisis.

As recovered blue chips a pulse, beers have cracked open with the giant brewery, SAB Miller editing more marked the journée.Il is bubbled up to 105% to £ 21.57 after an increase in the profits of the first half.

British Airways was also top the leader-board of Directors .the airline climbed 11½ % better as peer, Air France-KLM recorded a strong second quarter.

Broker notes also made an impact on the jury leader with Intercontinental Hotels ticking up to 37% on the £ 11.39 after Nomura past price target £ 13.15 to £ 13.50 hotel group.

ARM Holdings put on 10-370.6% as UBS raised its forecast of revenues for the manufacturer of the chip after an investor meeting.The broker has added "abound positive in the long term.

But at the other end of the spectrum, austerity measures concerns were casts a shadow on the loser Board.

Intertek has been the biggest fall, excretion of 122 p to £ 18.28 after test company said it is prudent to more growth acceleration due to the uncertain effect on savings austerity measures in many countries.

Seymour Pierce moved their rating "hold" to "add", analysts say that the Intertek actions were clearly well events.

But analysts of JP Morgan Cazenove retained their position "overweight" claiming they saw the company as a medium-term prospects "are".

Intertek prudence was taken over by living, who said that the pressure on public spending would be mater growth revenues in the second half of the year by more than expected.

Back office outsourcing specialist dropped from 32 to 690 p.

Serco, who said that it is well placed to help the public and the private sector find efficiencies, was also on the slide investors concerned about the effects of the training of austerity.

Panmure Gordon analysts reiterated their position of "selling" Serco and reduced expectations organic growth and margin for 2011 and 2012.Serco throw 3½ 556½p.

Join Serco among the laggards was Reed Elsevier .the publishing group has lost 7 to 529 p as he said that subscriptions to its scientific and legal literature remain low.

Among second Melrose acquired 29.3 percent 304.2 group said engineering visibility of income remaining saine.Le Thursday, The Daily Telegraph reported that Melrose was set to sell its valuable assets - linings Dynacast - with a price tag should exceed 350 million from £.

Online gaming business, checked Partygaming 12.2 percent 232.2 as its partner fusion, bwin, said that he hoped to make a profit on its new market - France - at the end of 2011.

But on the downside, Lamprell has been a provider of services to the oil and gas engineering said experienced a slowdown in the refurbishing of drilling sector industry chute.Le.

As a result, he expects results for 2010 at the lower end of the current expectations.

Despite also announcing 210 m contract awarded $ (£ 131 m) Eurasia, drilling company Lamprell plunged 47 295 percent.

Keller dragged 49-546 p after the intense competition in its traditional markets said ground engineer had squeezing margins.

Gilts are a fall.

Eurodollar future tumbling to their lowest level in more than three months that hopes for the Ireland mounting debt crisis resolution tempted some assets safe-haven investors.

Promoted to triple-A rated debt in recent weeks uncertainty eased as a bailout began to look more .the ' future gilt December eased 111 120.58 ticks after reaching its lowest since the beginning of August.

Autumn has pushed up to yield, yield on the 10-year gilt increase 12 3 395pc - basis points high three-and-a-half months.

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France and Germany veto increase in EU rescue fund

Jose Barroso, head of the European Commission, called on EU leaders to boost the firepower of the EU's €440bn (£366bn) bail-out fund and beef up its role, allowing it to intervene with pre-emptive bond purchases to help states under threat.

"It is important for the markets to know that Eurozone leaders are committed to do whatever is necessary," he said, hoping for action as soon as early February.

He also proposed a "new phase of European integration" with far-reaching oversight of the budgets, pensions, labour markets, and trade flows of EU states to prevent a recurrence of the imbalances that led to the EMU debt crisis.

Mr Barroso said the fund boost was a "precautionary" move, not directed at any one country. The gambit is risky since it may be taken by investors as a sign that Brussels fears imminent contagion to Spain, deemed too big for the current fund.

The response in Paris and Berlin was chilly. "We think the fund is big enough," said Francois Baroin, France's budget minister. German Chancellor Angela Merkel said the bail-out mechanism was "nowhere near exhaustion", adding curtly that she did not wish to debate the matter "any further".

Mrs Merkel is wary of attempts by Brussels to bounce her country into an EU debt union, or 'Transferunion' as it is described luridly by Germany's press. Such moves may breach the German constitution.

The dispute overshadowed a well-covered auction of €1.25bn of Portuguese debt, including 10-year bonds at 6.72pc, back below the 7pc danger line. The sale set off a surge in bank stocks in Lisbon, and was greeted with relief across the EMU perihpery. Spain's Ibex index jumped 5.3pc.

"The auction was a success from all angles," said Portugal's premier, Jose Socrates. "We do not need help: we can solve our own problems."

Gaven Nolan from Markit said purchases of Portuguese debt by the European Central Bank over the last two days had created good mood music but he doubted whether the bond sale would quell talk of a bailout.

"It didn't in the case of Ireland – which was fully funded for months ahead at the time of its bailout – and is unlikely to do so in the case of Portugal. The auction might have bought Portugal some time: it won't divert attention away from low growth prospects," he said.

The interest costs remain crippling for an economy facing contraction of 1.3pc next year, and scant recovery in 2012. The debt trajectory is precarious. The budget deficit will beat the target of 7.3pc of GDP in 2011, but only by use of pension transfers from Portugal Telecom.

Mark Ostwald from Monument Securities said confusion over the EU bail-out fund is a reminder of EMU's political limits. "We have gone nowhere since the show of unity in December. 'Mr Market' is still saying to EU leaders that they must come up with a mechanism to transfer money from the rich core to the periphery. We are no closer to that," he said.

Charles Dumas at Lombard Street Research said Germany faces an impossible demand. "If the German people go along with plans to prop up the economies of Club Med to save the euro, it means that they will have to pay subsidies for the next decade or two that significantly exceed what they have had to pay for German reunification," he said.

Separately, EU officials have floated proposals for a bank tax to fund the EU's permanent bail-out fund from 2013 onwards. An EU source said member states are "very cautious" about such an intrusion into fiscal sovereignty.

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