City Diary

The following business news is expected tomorrow:

• With all the recent concerns about the state of the UK economy, it is the economy that is set to take centre stage with three key announcements due. New data on industrial and manufacturing production should show whether levels have dropped as the credit crunch continues to bite, while the purchasing managers index for services will give a flavour of the current health of the sector.

• Among the firms due to update the market are Sportech, Rotork, GKN, Meggit and Drax Group, all of whom are set to provide half-year figures.