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U.K./IRISH DAYBOOK: Greek Vote, U.K. Debt Cap, Rank Group

Greece’s parliament supporting austerity measures, private creditors reinvesting the proceeds of a maturing bond and buyers bidding for state assets may give the nation enough breathing space to resolve its debt crisis.

U.K.

WHAT TO WATCH:

*Greek Parliament votes this afternoon on Prime Minister George Papandreou’s 78 billion-euro ($112 billion) austerity plan.

*Sajid Javid, a Conservative Party lawmaker, will today propose a U.S.-style legal cap on U.K. government debt

*Rank Group’s independent directors recommended shareholders accept an offer from Guoco Group Ltd.

*Maple group confident TMX shareholders will reject LSE offer

*Lagarde named first female head of IMF, replacing Strauss- Kahn

*Lactalis wins control of Parmalat with 9 board seats, chairman

*Moody’s says several Spanish regions will miss deficit target

*German banks, insurers said to use a French proposal as blueprint for discussion when they meet fin. ministry officials in Berlin today to seek agreement on role in a Greek rescue

*FSA sent a “huge delegation” to inspect Prudential’s U.S. division about a year ago as sales grew at record levels: CEO

*Roche’s Tarceva rejected by U.K.’s NICE as treatment for keeping the most common form of lung cancer at bay because didn’t extend patients’ lives enough to justify cost

ON THE FRONT PAGES:

*BBC boss who lost his job left with 950,000 pound payoff: Telegraph.

*Pensioners must pay up after mistakes by taxman: Telegraph

*Strikers threaten holiday chaos: Telegraph

*Greece risks “suicide” if it doesn’t back austerity measures, central bank head says: FT

*Regulators press U.K. banks to build up capital: FT

*Burglaries and muggings rise fast as the economy slows: Times

*Austerity plan sparks violence on streets of Athens: Irish Times

*Quinn family transferred 4.5 million euros, Anglo claims: Irish Times

*Complex legal case fees revealed by Northern Ireland Audit Office: Irish Independent

EARNINGS:

*Preliminary ests., when available. All times U.K.:

*Stagecoach (SGC LN) 7 a.m., FY adj. EPS 23p, sales GBP2.38b

*Betfair (BET LN) 7 a.m., FY pretax profit GBP30.4m, sales GBP373m

*C&C (GCC ID) 7 a.m., trading update

*Senior (SNR LN) 7 a.m., 2Q sales, trading statement

*Photo-me (PHTM LN) 7 a.m., FY adj EPS 3p, sales GBP225m

*Anite (AIE LN) 7 a.m., FY pretax profit GBP8.6m, sales GBP46.5m

GOVERNMENT

*Prime minister’s questions at noon in the Commons may be dominated by tomorrow’s strike by 750,000 public-sector workers over pension curbs.

*Deputy Prime Minister Nick Clegg speaks to Local Government Group annual conference. 10 a.m. Birmingham.

*Home Secretary Theresa May speaks on policing. 10 a.m.

*Business Secretary Vince Cable launches ‘See Inside Manufacturing’ campaign at BMW in Cowley and Johnson Matthey in Royston.

*Financial Services Minister Mark Hoban speaks at BBA conference. 4.20 p.m.

*TBA: U.S. Secretary of State Clinton visits Hungary

*8:30 a.m.: Germany’s Roessler briefs committee on Greece

*1:30 p.m.: Germany’s Merkel speaks a Berlin rules conference

*4:45 p.m.: EU’s Van Rompuy speaks on state of the union

ECONOMIC DATA:

*6:30 a.m.: France 1Q final GDP, est. 1.0% Q/q (prior 1.0%)

*6:30 a.m.: France 1Q final GDP, est. 2.2% Y/y (prior 2.2%)

*9:30 a.m.: U.K. index of services 3m/3m, est. 1.3% (prior 0.9%)

*9:30 a.m.: U.K. net consumer credit, est. GBP400m (prior GBP500m)

*9:30 a.m.: U.K. net lending on dwellings, est GBP700m (prior GBP700m)

*9:30 a.m.: U.K. mortgage approvals, est. 46.6k, (prior 45.2k)

*9:30 a.m.: U.K. M4 ex-OFCs 3M annualized, no est. (prior - 2.0%)

*9:30 a.m.: U.K. M4 money supply, no est. (prior 0.1% M/m)

*9:30 a.m.: U.K. M4 money supply, no est. (prior -0.9% Y/y)

*10 a.m.: Euro-zone business climate, est. 0.90 (prior 0.99)

*10 a.m.: Euro-zone consumer conf., est. -10.0 (prior - 10.0)

*10 a.m.: Euro-zone economic conf., est. 105.0 (prior 105.5)

*10 a.m.: Euro-zone industrial conf., est. 3.5 (prior 3.9)

*10 a.m.: Euro-zone services conf., est. 9.0 (prior 9.2)

*10:30 a.m.: Swiss KOF leading indicator, est. 2.23 (prior 2.30)

*11 a.m.: Ireland retail sales, no est. (prior -0.8% M/m)

*11 a.m.: Ireland retail sales, no est. (prior -3.9% Y/y)

*11 a.m.: Ireland unemployment rate, no est. (prior 14.8%)

BOND SALES/PURCHASES:

*9:15 a.m.: Denmark to sell 62-day bills

*9:15 a.m.: Denmark to sell 153-day bills

*9:15 a.m.: Denmark to sell 244-day bills

*10:10 a.m.: Sweden to sell SEK5b in 138-day bills

*10:15 a.m.: Germany to sell extra EU6b in 5-year notes

*10:30 a.m.: Hungary to buy back bonds

*11 a.m.: Russia to sell up to RUB50b OFZ bonds

*11 a.m.: Russia to sell up to RUB20b OFZ bonds

CENTRAL BANKS:

*TBA: Romania benchmark rate announcement, est. unch 6.25%

*8:15 a.m.: ECB calls for bids in 7-day dollar tender

*10 a.m.: ECB announces allotment in 7-day dollar tender

*10:15 a.m.: ECB announces allotment in 3-month tender

*noon: Draghi, Ackermann, Schaeuble speak on market rules

CORPORATE EVENTS:

*BIO International Convention Conf.: AZN LN

*International Wind and Radar Forum: QQ/ LN

*Offshore Wind 2011: NG/ LN

*World Banking Summit: BARC LN, RBS LN

*20th Annual Intl. Securities Lending Conf.: BARC LN, HSBA LN

*AGM/EGM: BUMI LN, CDN LN, HLO LN, METP LN, MOG LN, MWB LN, NOP LN, PNS LN, SAA LN, YULC LN

TV HIGHLIGHTS:

*Selected Bloomberg TV guests, all times in BST:

*5:10 a.m. Russell Jones: Westpac, global head fixed income

*6:40 a.m. Philip Hoffman: Fine Art Fund Group, chairman/CEO

*9:10 a.m. Arnab Das: Roubini, market research MD

MARKETS:

*EUR/USD 1.4352 0.13%

IRELAND

WHAT TO WATCH

*C&C trading statement 7 a.m. before noon AGM

*IFG may comment at AGM as it evaluates two indicative takeover bids

*Kerry Group holds capital markets day; watch for possible change to long-term profit targets

GOVERNMENT:

*10:30 a.m.-12:30 p.m.: Enda Kenny takes leaders questions in parliament, may touch on situation on Greece and implications for Ireland

ECONOMIC DATA:

*11 a.m.: Irish May retail sales est. -2% Y/y: Bloxham stockbrokers (prior -3.9%)

*11 a.m. Irish June unemployment rate est. 14.2%: Bloxham (prior 14.1%)

CORPORATE EVENTS:

*noon AGM/EGM: IFG ID

*CMD: KYG ID

To contact the reporter on this story: Chris Peterson in London at cpeterson@bloomberg.net

To contact the editor responsible for this story: James Ludden at

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