UK water company Severn Trent is forecast to report a 0.5% fall in annual pre-tax profits to £265m on Thursday as it faces tough new regulation from Ofwat.
Consensus forecast is for annual revenue of £1.86bn and operating profits of £514m.
It will be the first set of full-year results under Liv Garfield, who took over as Chief Executive in the spring of this year.
The company has previously said it would increase its dividend by 6% in 2013/14, but some analysts doubt whether Garfield will keep the pledge as Ofwat pressures the industry to cut households bills under a five-year regulatory plan.
Kingfisher is expected to report an improved first quarter on Thursday, driven by its DIY home improvement retail business B&Q.
Numis predicts the first quarter will show a "continued sharp recovery" against the 29% fall in trading profit in the same period a year ago.
"B&Q should lead the way, annualising a -5.6% like-for-like against the background of a much warmer spring period, helpful for gardening/ outdoor categories," the broker said.
On the macro-front the US will have a batch of data released including gross domestic product (GDP), initial jobless claims and pending home sales.
Economists expect the Commerce Department's GDP report to reveal the US economy contracted 0.5% the first quarter, following a preliminary estimate of 0.1% annualised growth. GDP rose at a 2.6% annualised pace in the previous period.
Initial jobless claims for the week ended May 24th are expected to come in at 317,000, compared to 326,000 a week earlier.
Pending home sales may have fallen 8.9% year-on-year in April following a 7.4% drop in March, according to the consensus forecast.
Thursday May 29th
INTERIM DIVIDEND PAYMENT DATE
QUARTERLY EX-DIVIDEND DATE
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Crude Oil Inventories (US) (15:30)
GDP (Preliminary) (US) (13:30)
Initial Jobless Claims (US) (13:30)
Pending Homes Sales (US) (15:00)
Helical Bar, RapidCloud International , Severn Trent, Tate & Lyle, Paypoint
Cyprotex, Steppe Cement Ltd
Action Hotels, Action Hotels, All Asia Asset Capital Limited (DI), Arian Silver Corporation (DI), Belgravium Technologies, F&C Private Equity Trust, Inch Kenneth Kajang Rubber, JSC Acron GDR (Reg S), Metminco Ltd., Middlefield Canadian Income PCC, Netplay TV, North American Income Trust (The), Northbridge Industrial Services, office2office, Parity Group, Prosperity Voskhod Fund Limited, R.G.I. International Limited , Rotala, Smart Metering Systems, Tamar European Industrial Fund Ltd., Trap Oil Group
FINAL DIVIDEND PAYMENT DATE
Amlin, Reckitt Benckiser Group
Alpha Bank GDR (Reg S) USD, OJSC Megafon GDR (Reg S), Public Power GDR SA (Reg S)
UK ECONOMIC ANNOUNCEMENTS
Help to Buy II: mortgage guarantee data