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HBOS, the UK’s fourth largest bank, will issue its pre-close trading update. Analysts will be looking at whether the rate of growth in bad debt provisions is slowing or whether consumers are still finding it difficult to repay loans. They will also be looking at whether HBOS has stepped up growth in key areas such as the wholesale bank and mortgage lending.

When Alliance & Leicester issues its trading statement the key focus will be on whether it has recruited a new chief executive to replace Richard Pym who has said he wants to stand down later this year. Analysts will also be looking at whether revenue growth in the retail bank has improved and how its joint venture with Lehman Brothers into subprime mortgage lending is going.

Shareholders will be eagerly awaiting news on possible synergies expected to come out of the merger between First Choice and MyTravel at First Choice’s interim results for the six months to 30 April 2007. The first half is expected to show the usual seasonal loss which analysts at JPMorgan expect to be broadly in line with last year’s pre-tax profit of £78.2m with losses per share of about 10.5p. Of more interest will be the update on current trading, which is likely to be in line with expectations.

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