Retirement home giant McCarthy & Stone will report its full year results on Tuesday, with the market expecting a slight improvement in the figures from last year.
The group is expected to show a rise in pre-tax profit to around £93m for the year to the end of August, from £92.9m last year, off the back of revenue of around £660m, compared to £625.9m. Consensus forecasts show earnings per share nudging up 1% for the year.
Meanwhile, the big beasts of the commercial property industry will report half year figures this week, with Landsec issuing its interim figures on Tuesday and British Land following on Wednesday.
There’s also interims from Picton Property Income on Tuesday, followed by Great Portland Estates and Helical on Wednesday.
On the economic front, there’s the Retail Price Index on Tuesday, unemployment claimant figures on Wednesday and retail sales numbers on Thursday.
FTSE ends week down from record highs
The FTSE 100 closed down by 0.68% at 7,432.99 on Friday, as construction output fell 1.6% in September.
The drop in UK construction output was far more than the 0.3% expected after August, which was revised up to 0.8% growth, and larger than the 1.0% drop the Office for National Statistics had predicted in its quarterly estimate.
Galliford Try ended the day up 1.1% at £11.90 after the company reported its council partnerships arm had benefited from “increased certainty” following recent government announcements and has a record order book, while housebuilding sales rates and the construction order book remained unchanged since the year end.
Unite Group, the UK’s largest student accommodation group, nudged down 0.35% to 715.5p after buying a development site in Leeds.
Capita was up 0.5% to 506p despite being ordered to pay £66m to investors by the Financial Conduct Authority following the collapse of one of its funds in 2012.
Meanwhile the FTSE 250 ended the day 0.25% lower at 20,020.85, as the pound nudged up 0.42% against the dollar to 1.3202.
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