U.K., IRELAND DAYBOOK: U.K. Business Confidence Weakened in July

U.K. business confidence weakened last month after reaching a 13-month high in June, adding to indications that growth may be slow for the rest of the year.

The Lloyds Bank Corporate Markets Business barometer survey showed a net positive balance of 19 percent of companies that were more optimistic about the economy, down from June’s 36 percent.

WHAT TO WATCH:

*HSBC may announce plans to eliminate 10,000 jobs when it reports its first-half financial results at 9:15 a.m.

*Cooper Industries Plc has until 5pm today to make an official bid for Laird Plc, according to Takeover Panel rules. Cooper has said it will consider offering 200 pence a share.

*Shareholders who own 20 percent of Charter International Plc have asked directors to consider Melrose Plc’s 1.3 billion- pound ($2.3 billion) takeover offer.

*EDF energy’s British unit won a 6.8 million-pound contract to supply energy to Britain, the Daily Mail has reported without saying where it got the information.

ON THE FRONT PAGES:

*Senate raises hopes for debt deal: Financial Times

*Pensions: “a bleak dawn” is breaking: Daily Telegraph

*Taliban targets Britain’s army of interpreters: Times

*Norris bid in balance as key backers review their support: Irish Times

EARNINGS:

Preliminary estimates, when available. All times BST:

*Hammerson (HMSO LN) 7:00 a.m.: 1H rev. GBP152.3m (3 estimates), adj. EPS 10p

*Intertek (ITRK LN) 7:00 a.m.: 1H rev. GBP752.7m, adj. EPS 45p

*Hiscox (HSX LN) 7:00 a.m.: 1H adj. EPS -17p (4 ests), pretax -GBP77.8m

*Ultra Electronics (ULE LN) 7:00 a.m.: 1H rev. GBP349.3m (3 ests)

*Senior (SNR LN) 7:00 a.m.: 1H results (no ests)

*Fidessa (FDSA LN) 7:00 a.m.: 1H rev. GBP141.m (4 ests), adj. EPS 39p

1*Diploma (DPLM) 7:00 a.m.: 3Q IMS (no ests)

*XP Power (XPP LN) 7:00 a.m.: 1H results (no ests)

*Xchanging (XCH LN) 7:00 a.m.: 1H rev. GBP324.5m (2 ests)

*Management Consulting Group (MMC LN) 7:00 a.m.: 1H results (no ests)

*Arena Leisure (ARE LN) 7:00 a.m.: 1H results (no ests)

*Amerisur Resources (AMER LN) 7:00 a.m.: FY results (no ests)

*Carige (CRG IM) 7:00 a.m., 1H results (no ests)

*Keller Group (KLR LN) 9:00 a.m: 1H rev. GBP500.5m (2 ests), adj. EPs 3.2p (2 ests)

*HSBC (HSBA LN) 9:15 a.m.: 1h rev. $34.4b, adj. EPS $0.48, pretax $11.2b

ECONOMIC DATA:

*0:01 a.m.: Lloyd’s Business Barometer no est. (prior 36)

*9:30 a.m.: PMI Manufacturing, est. 51.0 (prior 51.3)

GOVERNMENT:

*Monday is public holiday in Ireland

*U.K. Cabinet Office announced that government has made cuts of 3.75 billion pounds by cutting costs since last summer.

BOND SALES/PURCHASES:

*None expected

CENTRAL BANKS:

*None expected

CORPORATE EVENTS:

*AGM/EGM: WSAG LN, ET/ LN, HRN LN

*Analyst/Investor meetings: ITRK LN

*General Meeting re: rights offer: PDG LN

*Roadshow: ARM LN

MARKETS:

EUR/USD 1.4394

TV HIGHLIGHTS: Selected Bloomberg TV guests, all times in BST:

*5:00 a.m. Arjuna Mahendran,: HSBC Private Bank, Head of Investment Strategy: Asia

*7:10 a.m.: Thomas Tilse: Allianz Global Investors KAG Head of Portfolio Strategy

*9:10 a.m. Ralph Silva: Silva Research Network, Strategist

*10:40 a.m. Dan Morris: JP Morgan Asset Management, Global Strategist

*4:20 p.m. Stuart Thomson: Ignis Asset Management, INTL Fixed Income Fund

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