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Housing market recovery to boost Bellway

The recovery in the house market should boost Bellway's results next week, while the same factor may lift BSkyB's figures as households are more likely to change TV and phone provider when they move.

Government efforts to pump up the housing market should ensure a year of surging profits and sales for housebuilder Bellway when it reports results tomorrow.

The Newcastle-based builder will publish figures for the year to the end of July, with analysts on average expecting pre-tax profits to surge to £139 million from £105.3m a year earlier.

The intensifying battle for broadband and TV customers will take centre stage on Thursday when British Sky Broadcasting updates on first-quarter trading.

BT recently stepped up the pressure on Sky with its new live sport offer, which includes a three-year deal to show 38 Premier League games a season.

BT hopes to win over broadband customers by offering them free sport if they sign up to a broadband internet package.

Despite tougher competition, analysts at Numis Securities believe Sky could benefit from Britain's improving housing market and gain extra business.

Burberry will update on demand for its trench coats and handbags when it reports on trading for the six months to the end of September tomorrow.

Despite fears of waning demand from Chinese shoppers as growth slows in the world's second-biggest economy, shares in the fashion group have surged almost 60% over the past year.

Analysts, on average, expect first-half retail sales to have grown to £694 million from £577m a year earlier.

Baby products retailer Mothercare is expected to reveal a decline in UK sales when it updates on trading on Thursday, although hopes that its turnaround is gathering pace will remain.

The group saw UK like-for-like sales edge 0.9% lower in its first quarter to July 13, blaming an "increasingly promotional" market that hit demand for toys, home and travel products.

N+1 Singer experts said sales could fall by between 2% to 3%.

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