Heavyweight stocks due to update London market

Telecoms groups BT and Cable & Wireless are among a band of heavyweight London stocks due to update investors on trading this week.

Analysts will want assurances on the outlook for oil, pricing, cost reductions and passenger traffic when digesting the results of British Airways tomorrow, which are expected to show a rise in pre-tax profits to £275m (€393.6m) in the six months to September 30, from £60m (€85.9m) a year ago.