BT's Openreach network should become a 'distinct company' within the BT Group as part of reform proposals put forward by telecoms regulator Ofcom which fall short of recommending a sell-off.
The City will this week look for details of how Sainsbury’s plans to overhaul Argos when the supermarket posts its annual results next week, while trading at rival Morrisons and banking giant HSBC will also be in the spotlight.
Another heavyweight week for blue-chip updates will see figures from supermarket Sainsbury’s and energy companies Centrica and SSE.
Half-year results from the Co-operative Group and its stricken banking arm will take centre stage this week, while under-pressure support services firms G4S and Serco are also due to report.
The UK’s half-year bank reporting season kicks off this week, with Barclays, Lloyds Banking Group and Royal Bank of Scotland due to issue results, while other leading companies in the spotlight will include British Gas owner Centrica and broadcaser ITV.
