UK firms set to release financial results

Next week will bring the release of financial results from a number of businesses, with Morrison, Burberry and Carphone Warehouse among those to reveal their figures to investors.

According to the Motley Fool, the market is expecting a brace of new data from listed firms, including Christmas trading figures from some firms.

Burberry, which will publish its results on Tuesday (January 19th), is expected to reveal a dip in wholesale revenue due to weaker sales in Spain, while online fashion retailer ASOS is set to post stronger figures after sales rose 46 per cent year-on-year in the seven weeks to November 15th.

Carphone Warehouse’s results - also released on Tuesday - are likely to be ’good’, the financial information website said, while in the supermarket sector, Morrisons ’could report like-for-like sales growth of seven per cent on Thursday’.

On the FTSE 100 today, the index had dipped by 10.2 points at 12:46 GMT, with banks and pharmaceutical companies lower.ADNFCR-2318-ID-19561071-ADNFCR