<\/p>\n
Barratt Redrow has already delivered unwelcome news (pic: DB Media Services)<\/p>\n
Barratt\u00a0Redrow has already\u00a0cut its\u00a0first-half dividend and\u00a0scaled back land purchases\u00a0as it adapts to an uncertain environment amid rising geopolitical tensions.\u00a0<\/p>\n
Investors will hope there is no more bad news when Britain\u2019s biggest housebuilder updates on trading this week.<\/p>\n
AJ Bell analysts Dan Coatsworth and Danni Hewson say that house builders have\u00a0faced the perfect storm\u00a0in recent years, with\u00a0higher interest rates impacting affordability, to rising costs reducing profitability.<\/p>\n
\u201cWhile there are tentative signs of hope, we\u2019ve seen plenty of false dawns before,\u201d they say.<\/p>\n
The Royal Institution of Chartered Surveyors this week reported\u00a0a\u00a0positive balance of\u00a0property professionals\u00a0expecting sales to increase\u00a0in the next 12 months.<\/p>\n
On Wednesday, the latest policy announcement is due from the\u00a0Bank of Canada, which is widely expected to keep rates on hold at 2.25%.<\/p>\n
ING\u00a0said: \u201cWe think the bar for a material hawkish turn by the Bank of Canada is high, and we don\u2019t expect surprises at next week\u2019s meeting. Unless oil rallies back to April-May levels, the inflation outlook remains too benign to hike.\u201d<\/p>\n
DIARY\u00a0<\/p>\n
Monday 13 July<\/p>\n
Half-year results from\u00a0ME Group<\/p>\n
Trading update from\u00a0Grafton<\/p>\n
Tuesday 14 July<\/p>\n
Full-year results from\u00a0Watches of Switzerland<\/p>\n
Quarterly results from\u00a0JPMorgan, Bank of America, Goldman Sachs\u00a0and\u00a0Citigroup<\/p>\n
Trading update from\u00a0Robert Walters<\/p>\n
US inflation<\/p>\n
Wednesday 15 July<\/p>\n
Trading update from\u00a0Barratt Redrow<\/p>\n
Full-year results from\u00a0Cohort<\/p>\n
Trading update from\u00a0Hunting<\/p>\n
Quarterly results from\u00a0ASML,\u00a0Johnson & Johnson,\u00a0Morgan Stanley, BlackRock\u00a0and\u00a0United Airlines<\/p>\n
US PPI<\/p>\n
Thursday 16 July<\/p>\n
Full-year results from Frasers Group<\/p>\n
Half-year results from\u00a0Ocado,\u00a0Crest Nicholson<\/p>\n
Trading update from\u00a0Dunelm,\u00a0Diploma\u00a0and\u00a0Wise<\/p>\n
Quarterly results from\u00a0UnitedHealth,\u00a0Netflix\u00a0and\u00a0Seagate<\/p>\n
UK GDP<\/p>\n
US retail sales<\/p>\n
Friday 17 July<\/p>\n
First quarter figures from Burberry<\/p>\n
GfK consumer confidence<\/p>\n
\t #Investors #hoping #news #Barratt #Redrow #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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