It's the battle of the booze brigade this week, with Enterprise Inns, Mitchells and Butlers and SABMiller all vying for the spotlight.

First up is Enterprise Inns on Monday with an interim statement that is likely to be well-received. The group enjoyed a 30 per cent share rise on its last announcement of bank debt refinancing and improving profitability. 

Since that May update, the group's shares have tumbled back down, but if Punch Taverns' latest update is anything to go by, the company should have enjoyed the first signs of stabilisation in the market. The sunny weather and World Cup, combined with the group's ongoing disposals, should help see its shares gain ground again. 

The same cannot be said for Mitchells and Butlers, which is unlikely to have benefitted from the same pros. 

Numis analyst Douglas Jack says shareholders are unlikely to find much in Thursday's statement to raise a toast to, but maintains that the group is making all the right noises going forward. 

'The statement should indicate slight like-for-like sales growth on a year-to-date basis, held back by toughening like-for-like comparatives and January's VAT increase. Hot weather and the World Cup are unlikely to have helped trading much due to the majority of MAB sites being food-led. 

'However, it's improving its act in relation to brand advertising, staff incentivisation, removing unnecessary costs, making cap-ex more efficient and disposing of non-core assets. We believe the risk to forecasts and the share price are on the upside, but this statement may not provide the catalyst,' he adds. 

From beer to betting, William Hill takes to the floor on Tuesday and Ivor Jones, analyst at Numis, fears shareholders should be bracing themselves for further downturn. 

'When William Hill last updated the market, retail operating profit was down 13 per cent and machine net revenue was up 6 per cent, but held back by increased VAT, (while) sportsbook revenue was up 79 per cent. In the second quarter, the Grand National result was poor relative to 2009 and more recently, Royal Ascot was disappointing for bookmakers. 

'We reduced our profit before-tax forecasts by 6 per cent for full year 2010 to £207 million and 12 per cent for full year 2011 to £224 million to bring them in line with consensus.'

Midweek brings with it second-quarter results from pharmaceutical giant GlaxoSmithKline, which just days ago won approval for its controversial diabetes drug Avandia. 

Jeremy Batstone-Carr, analyst at Charles Stanley, says: 'We look for revenue of £7 billion and pre-tax profit of £2 billion. The investment outlook results in a relatively stable revenue and EPS through to 2015 and we regard the likelihood of an earnings dilutive merger or acquisition as unlikely. 

'Expect these results to show continued growth in emerging market activities. The dividend yield remains attractive and supported by a continued commitment to a progressive dividend policy,' he adds. 

Capita Group is next up on Thursday and shareholders will be expecting to hear that the company's recent growth has continued. 

With the new government focused on public spending cutbacks, there have been concerns raised over the impact on outsourcing company. For Capita, up to half of its work is based in the public sector.

Tony Shepard, analyst at Charles Stanley, comments: 'An update on the pipeline will be given with the interim results and certainly the pipeline indicates an encouraging level of potential activity. In our opinion, investors are keen to see how and when the pipeline is converted into contract wins.' 

On Friday, telecoms giant Vodafone steps into the lions' den and expectations are high. In its last update, the group said it had seen improved revenue trends and expected to return to growth during the 2011 financial year as economic recovery benefits its key markets.

Investors will be keen to see if this stance still stands three months down the line.

The week is brought to a close with a trading statement from Close Brothers which is not expected to kick up any nasty surprises. 

The independent merchant banker's interest and impairment charges will have remained stable, so investors will be looking to see if there has been any further momentum in loan book growth.

There's a whole host of delights for the markets to get their teeth stuck into on the economic front, not least the preliminary GDP figures for the second quarter. 

The data, due out on Friday, is expected to show that the economy picked up between 0.5-0.6 per cent quarter-on-quarter. This would be up from the 0.3 per cent expansion witnessed in the first quarter. 

Howard Archer, chief UK economist at IHS Global Insight, comments: 'The estimate is based only on the output side of the economy. Latest available data show that industrial production grew by a healthy 0.7 per cent in May, thereby remaining on course for robust expansion in the second quarter. 

'However, there is a very real risk that the second quarter will be as good as it gets for the economy for the time being. Going forward, we expect growth to be relatively muted and bumpy in the face of serious headwinds including major fiscal tightening increasingly starting to impact.'

Earlier in the week, markets will have June's public finances data to digest. May's figures brought tentative evidence that the trend in borrowing has turned for the better. Should this trend continue, public sector net borrowing in June should come in a touch below last year's £15 billion. 

Midweek sees the minutes of the monetary policy committee's July meeting published, and they are likely to reveal a divide emerging between members over the inflation outlook and the need for policy tightening. 

Retail sales figures hit the arena on Thursday, which should strike a relatively upbeat tone for now. 

Analysts at Capital Economics say: 'Our best guess is that sales volumes grew in June, but perhaps at a slower rate than in May. We have pencilled in a 0.3 per cent monthly rise. 

'However, even if sales volumes remained unchanged in June, volumes would still be up 1.7 per cent on the previous quarter. Nonetheless, it is doubtful how long this resilience can last, given the upcoming fiscal squeeze.' 

Monday 19 July

Results

(Finals) IG Group Holdings, MBL Group, Scientific Digital Imaging 
(Interims) Access Intelligence, NeutraHealth, SThree

AGMs

Ensor Holdings, Jetion Solar Holdings 

EGMs

Goldenport 

Dividend Payment Date

(Final) Sinosoft Technology 

Tuesday 20 July

Results

(Interims) Landkom International, Severn Trent

Trading Update

William Hill

AGMs

@UK, Aqua Bounty Technologies, Dairy Crest Group, Infoserve Group, Securities Trust of Scotland, Severn Trent, Speedy Hire 

EGMs

West China Cement

Dividend Payment Date

(Final) Man Group, Melrose Resources, Nature Group

Wednesday 21 July

Results

(Finals) CSF Group, Eredene Capital, West Pioneer Properties, Zetar
(Interims) Cable & Wireless Communications, Galiform, GlaxoSmithKline, Land Securities Group, Optos 

AGMs

Akers Biosciences, Alterian, API Group, BP Marsh & Partners, Blacks Leisure Group, Cable & Wireless Communications, Caledonia Investments, Experian Group, F&C Global Smaller Companies, Helical Bar, IQE, Johnson Matthey, MobilityOne, New River Retail, RAB Special Situations Company, Rensburg, Sepura, UBC Media Group, Wincanton

EGMs

Bulgarian Land Development 

Dividend Payment Date

(Final) Framlington, Hasgrove, Home Retail Group, Printing.com 

Thursday 22 July

Results

(Finals) Siteserv, Sports Direct International
(Interims) Capita Group, De La Rue, Great Portland Estates, Imperial Tobacco Group, International Personal Finance, Lilly, Mitchells & Butlers, Petropavlovsk, Uniq

Trading Update

Kingfisher, SABMiller 

AGMs

Abbeycrest, ACP Capital, ACP Mezzanine, BT Group, Clarity Commence Solutions, CML Microsystems, Coastal Energy Company, De La Rue, Dee Valley Group, GB Group, Land Securities Group, Mavinwood, McKay Secs., Personal Assets Trust, SABMiller, Scottish & Southern Energy Shanks Group, SSL International, Tate & Lyle, Tinci Holdings, Vertu Motors

EGMs

Northbridge Industrial Services 

Dividend Payment Date

(Final) Brulines, DCC, Hamworthy, Wynnstay Properties 
(Interim) Edinburgh Worldwide Inv Trust 

Friday 23 July

Results

(Finals) Ebiquity
(Interims) Beazley Group, Britvic, United Utilities Group, Vodafone Group 

Trading Update

Close Brothers Group

AGMs

Capital Management & Investment, Edinburgh Inv Trust, Helesi, Meikles, Messaging International, Origo Partners, RIT Capital Partners, Tanjong, Templeton Emerging Markets Inv Trust, United Utilities Group 

EGMs

Ote ADS

Dividend Payment Date

(Final) Electrocomponents, Experian Group, Helical Bar, Maven Income and Growth, Tex Holdings, UK Mail Group, Walkers Crips Group
(Interim) ATH Resources, Dunedin Smaller Companies Inv Trust
(Quarterly) Henderson Financial Opportunities, Queen's Walk Investment Ltd. Stobart Group Ltd. Income Shares