Thursday preview: Revised Q1 US GDP, Serco in the spotlight

The flow of economic data will thin out considerably on Thursday with a revised reading on first quarter US gross domestic product growth the main release on tap.

Readings on weekly US jobless claims and pending home sales for May are also scheduled for release.

Across the Channel meanwhile, the European Commission will release the results of its euro area industrial and consumer confidence surveys for the month of June at 1000 BST.

Also due out are data on German and Spanish consumer prices in June.

No major economic releases are scheduled in the UK.

On the corporate side of things, outsourcer Serco is due to update markets, with investors keen for confirmation of the prospects for organic revenue growth and on progress with its various cost savings initiatives.

Together with its recent acquisition of NBSU in the States and in anticipation of a further deleveraging of the balance sheet, the above have driven a substantial re-rating in the company's shares, taking them back up multi-year highs, despite the ongoing political uncertainty in the UK.

Some analysts are also anticipating bolt-on acquisitions to materialise further down the line.

Thursday June 27

INTERIMS

Hargreave Hale AIM VCT

INTERIM DIVIDEND PAYMENT DATE

Northern Venture Trust

INTERIM EX-DIVIDEND DATE

Chrysalis VCT, RWS Holdings

QUARTERLY PAYMENT DATE

Kosmos Energy (DI)

QUARTERLY EX-DIVIDEND DATE

Alpha Real Trust Ltd., British American Tobacco, British Land Company, Duke Royalty Limited, Real Estate Investors, Value and Income Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Consumer Confidence (EU) (10:00)

Continuing Claims (US) (13:30)

Economic Sentiment Indicator (EU) (10:00)

Gross Domestic Product (US) (13:30)

Industrial Confidence (EU) (10:00)

Initial Jobless Claims (US) (13:30)

Pending Homes Sales (US) (15:00)

Personal Consumption Expenditures (US) (13:30)

Services Confidence (EU) (10:00)

FINALS

Greene King, Itaconix , Latham (James), Latham (James), Liontrust Asset Management, Manolete Partners, SDCL Energy Efficiency Income Trust, XPS Pensions Group

SPECIAL EX-DIVIDEND DATE

Chelverton UK Dividend Trust, Chrysalis VCT, PayPoint, Record

EGMS

TCS Group Holding GDR (Each Repr 1 A Shr) (Reg S)

AGMS

3i Group, Africa Opportunity Fund Limited, Altus Strategies , Anpario, Armadale Capital, Atalaya Mining, Bluejay Mining, Columbus Energy Resources, DCD Media, Erris Resources, Escape Hunt , First Derivatives, ICG Enterprise Trust, Immotion Group, Immupharma, Inspiration Healthcare Group , JZ Capital Partners Ltd, M&C Saatchi, Marble Point Loan Financing Limited NPV, Metal Tiger , Pacific Assets Trust, President Energy, Public Joint Stock Company Rosseti GDR (Each REPR 200 ORD) Reg S, Rurelec, Science In Sport, Serica Energy, Strategic Minerals, Tandem Group, TLA Worldwide , Trans-Siberian Gold, Trian Investors 1 Limited NPV, Wincanton, Yu Group

TRADING ANNOUNCEMENTS

Gama Aviation , Serco Group

FINAL DIVIDEND PAYMENT DATE

British American Inv Trust, Centrica, Phoenix Spree Deutschland Limited Shs NPV , Volta Finance Limited NPV (GBP)

FINAL EX-DIVIDEND DATE

Anglo Asian Mining, B.P. Marsh & Partners, Biffa, Burberry Group, Caledonia Investments, Fidelity China Special Situations , Georgia Healthcare Group, JD Sports Fashion, Mitie Group, Morses Club , Premier Technical Services Group , Record, Renewi , Scisys Group, Tavistock Investments, Vertu Motors, VP