Wednesday preview: Diageo, MPC minutes

16th Oct 2012 16:04

Drinks brands leviathan Diageo will be going up against tough comparative figures from a year ago when it unveils fiscal first-quarter figures on Wednesday.Nomura thinks the Guinness brewer will still manage to churn out organic revenue growth of 5%. with strong growth in emerging markets and resilience in the US more than offsetting the slow-down in Europe. "We do not expect any change to the company's medium-term guidance (6% revenue growth, 200bp [two percentage points] on margin over three years)," the Japanese broker revealed.Minutes from the October meeting of the Bank of England's Monetary Policy Committee (MPC) will be released at 09:30.The Bank's current round of quantitative easing (QE) ends next month and economists will be scouring the minutes to see whether there are any clues as to whether the QE tap will be turned on again.MPC member Martin Weale, for one, has expressed concern about sanctioning more QE while inflation remains above the Bank's 2.0% target rate. Weale's colleagues Ben Broadbent and Spencer Dale have also recently gone on record to warn about inflation risks. The Bank of England increased its asset purchase pot by £50bn to £375bn in July. INTERIMSDatatec Ltd. (DI), Vertu MotorsINTERIM DIVIDEND PAYMENT DATEDunedin Income Growth Inv Trust, Neptune-Calculus Income & Growth VCT, Premier FarnellINTERIM EX-DIVIDEND DATEBAE Systems, British Polythene Industries, Capital Shopping Centres Group, Foresight Solar VCT, JZ Capital Partners Ltd, Kerry Group 'A' Shares, Mears Group, Octopus Apollo VCT, S & U, Scisys, Smart Metering Systems, Spectris, Ted Baker, TT ElectronicsQUARTERLY EX-DIVIDEND DATEF&C Commercial Property Trust Ltd., Middlefield Canadian Income PCCINTERNATIONAL ECONOMIC ANNOUNCEMENTSBuilding Permits (US) (13:30)Crude Oil Inventories (US) (15:30)Housing Starts (US) (13:30)MBA Mortgage Applications (US) (12:00)Wholesale Price Index (GER) (07:00)Q3MCB Bank Ltd GDR (Reg S)GMSPersimmon, ViperaIMSSDiageoSPECIAL EX-DIVIDEND PAYMENT DATEAberdeen Asian Smaller Companies Inv TrustAGMSDiageo, Diverse Income Trust (The), Vipera, Wasabi EnergyTRADING ANNOUNCEMENTSSpeedy HireUK ECONOMIC ANNOUNCEMENTSBoE Interest Rate Minutes (09:30)Claimant Count Rate (09:30)Unemployment Rate (09:30)FINAL DIVIDEND PAYMENT DATENews Corp. 'A' SharesFINAL EX-DIVIDEND DATEAberdeen Asian Smaller Companies Inv Trust, Animalcare Group, Avingtrans, Close Brothers Group, Henderson EuroTrust, Quayle Munro Holdings, Ricardo, Stavert Zigomala, Strategic Equity Capital, Wilmington GroupJH