(MENAFN- ProactiveInvestors) owner IAG () will fly onto investors' radar as it puts out a trading statement on Wednesday.
It will also put out the usual monthly traffic report detailing the number of passengers carried in the previous month (January)
But the stats are likely to be overshadowed by any news on the proposed takeover of Irish airline Aer Lingus.
Having finally secured the recommendation of Aer Lingus’ board IAG is now doing due diligence and is in discussions with the Irish Government which holds a 25% stake and which holds a 29.8% stake.
The latest twist in the story has seen IAG move to quell political fears over the bid.
It has offered to give legally-binding guarrantees that Aer Lingus's 23 slots at Heathrow cannot be sold without the Irish government’s agreement.
IAG shares have soared in recent weeks but the deal is far from certain and further concessions from IAG may be needed.
Investors will also be keen to hear more on the impact of the falling oil price on the group's fuel costs.
Also on Wednesday broadcaster Sky (LON:SKY) puts out an interim management statement.
The firm is fighting a fierce battle with rivals () and TalkTalk to offer customers all of the main media services - home phone mobile broadband and cable - bundled together.
Investors will be looking to hear more on customer numbers and more importantly the amount of those who are upgrading to a single package.
BT’s figures last week showed the firm added 119000 new broadband customers over the period a level that Sky is unlikely to overtake according to analysts at Jefferies.
Comments on new initiatives and its expansion into Europe are other areas of interest when it comes to Sky.
The share price has risen recently helped by hopes that it will not overpay for the Premier League rights.
Significant announcements expected:
Interims: () Sky (LON:SKY) () Canaccord Genuity (LON:CF.)
Finals: ()
Trading statement: IAG ()
Economic announcements expected: Economic review by ONS Purchasing Managers’ Indices for services covering China (Markit and official) Eurozone (Markit) US (Markit and ISM) and various worldwide.
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