What's in store today...

Flying the flag for the oil and gas sector will be EnQuest (ENQ), which should shed some light on the effect of the North Sea oil tax when it announces its interims.

Nick Raynor, investment adviser at the Share Centre, said margins will be hit and profit will suffer, but it isn't known by how much, or when it will start to really hurt.

Numis said that despite oil prices remaining robust over the second quarter, the dislocation between oil and gas prices and sector valuation is evident within the FTSE 350 oil producer index - which has fallen 16% since the start of the year, compared to a 25% rise in Brent values.

Operationally though, Numis said EnQuest is well placed to exceed production guidance and its annual reserve replacement target. It lists the stock as a 'buy' with a target price of 166p.

And wrapping up events on the corporate calendar this week will be Trinity Mirror (TNI), which will give an indication of how advertising revenue has been spread following the closure of the News of the World, with competitors, the Sunday Mirror and The People hoping to benefit.

A further upate on cost savings will also be par for the course, due to the more challenging macro environment, coupled with the issues of decline facing newspaper publishers. Numis forecasted full-year pre-tax profit of £85 million, with earnings per share of 24p.

And after a week that has seen the Bank of England’s quarterly inflation report and retail sales hit the headlines, today draws to a close with little in the way of economic data.

Results

European Goldfields, EnQuest, SVG Capital, Trinity Mirror, Zenergy Power

Trading updates

Accsys Technologies

AGM/EGMs

Heath (Samuel) & Sons, Oryx International Growth Fund, Sirius Real Estate