U.K./IRISH DAYBOOK: U.K. House-Price Index, Retail Sales Fall

A U.K. house-price index slipped last month as homeowners showed “realism” in a bid to sell properties, according to the Royal Institution of Chartered Surveyors.

U.K. retail sales fell in October, suggesting a “worrying” weakness in demand from shoppers as the economic recovery falters, according to the British Retail Consortium.

WHAT TO WATCH:

*U.K. Chancellor of the Exchequer George Osborne may have to concede that many more government workers will lose their jobs than he forecast. In the first three months of the fiscal year that began April 1, employment in central and local government plunged by 104,000, five times the number the Office for Budget Responsibility predicted in March for the year as a whole.

ON THE FRONT PAGES:

*MPs Push for Bank of England’s “radical overhaul”: Financial Times

*May Admits Secret Deal to Weaken Border Laws: Times

*Border Control Row Threatens to Engulf May: Guardian

*Universities Launch Tuition Fees Price War: Independent

*Why Isn’t Germany Doing More for the Euro, Asks Cameron: Telegraph

EARNINGS: Preliminary ests., when available. All times BST:

*Vodafone Group (VOD LN) 8 a.m., 3Q adj EPS EU0.078

*Lloyds Banking (LLOY LN) 8 a.m., 3Q adj loss-shr GBP0.005

*Marks & Spencer Group (MKS LN) 8 a.m., 1H PBT GBP314.2m

*Prudential (PRU LN) 9 a.m., 3Q sales, IMS

*Intercontinental Hotels (IHG LN) 7 a.m., 3Q op profit $152m

*Assoc. British Foods (ABF LN) 7 a.m., FY EEO op. profit GBP896m

*Hammerson (HMSO LN) 7 a.m., 3Q sales, IMS

*Persimmon (PSN LN) 7 a.m., 3Q sales, IMS

*Jardine Lloyd (JLT LN) 7 a.m., 3Q sales

*Bovis Homes (BVS LN) 7 a.m., 3Q sales, IMS

*Babcock Int’l (BAB LN) 7 a.m., 1H

*Bwin.Party Digital (BPTY LN) 7 a.m., 3Q IMS

GOVERNMENT:

*8 a.m.: EU Finance Ministers Meet in Brussels Berlin

ECONOMIC DATA:

*12:01 a.m.: U.K. BRC Sales Like-For-Like Y/y; est. -0.2% (prior 0.3%)

*12:01 a.m.: U.K. RICS House Price Balance; est. -23% (prior -23%)

*9:30 a.m.: U.K. Industrial Production Y/y; est. -0.8% (prior -1.0%)

*9:30 a.m.: U.K. Manufacturing Production Y/y; est. 1.9% (prior 1.5%)

*11 a.m.: Ireland New Vehicle Licenses; no est. (prior 4272)

*3 p.m.: U.K. NIESR GDP Estimate; no est. (prior 0.5%)

U.K. manufacturing increased for the first month in four, according to economists’ estimates. U.K. sells 30-year, inflation linked bond.

BOND SALES/PURCHASES:

*10:30 a.m.: U.K. to Sell GBP900 Mln 0.625% I/L 2040 Bonds

CENTRAL BANKS:

*1:20 p.m.: Bank of Canada Governor Carney Speaks on Liquidity in London

CORPORATE EVENTS:

*Deutsche Bank Paper Conf.: MNDI LN

*Edison Electric Inst. Conf.: IPR LN

*Wells Fargo Tech, Media Conf.: WPP LN

MARKETS:

*EUR/USD: 1.3745

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

*6 a.m.: David Owen, Jefferies Int’l economist

*6:45 a.m.: Frederic Oudea, SocGen CEO

*7:10 a.m.: Jacob Schmidt, Schmidt Research

*7:10 a.m.: Vittorio Amedeo, Vodafone CEO

*7:30 a.m.: Pavlos Yeroulanos, Greece Culture Minister

*7:40 a.m.: Neil Chelo, Benchmark Plus

*8:10 a.m.: Michael Fuch, German Christian Democratic party

*8:40 a.m.: Nick Nelson, UBS strategist

*9:10 a.m.: Andrew Lilico, Europe Economics

*10:40 a.m.: Joerg Schneider, Munich Re CFO

*4:10 p.m.: James Watson, Professor, American University, Rome

To contact the reporters on this story: Blanche Gatt in London at bgatt@bloomberg.net; Chris Peterson in London at cpeterson@bloomberg.net

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

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