City Diary

The following business news is expected tomorrow:

• Recruitment firm Michael Page International, which has operations in the Capital, is due to give an update on its trading performance. The firm said in April that its UK growth has fallen to single digits as the banking slowdown takes its toll on business. Analysts expect profits to rise to £159.9 million, compared to £147.4m last year.

• Other announcements expected include full-year figures from Twelve Estates, and a trading update from Caledonia Investments.

• On the economic front, there are no major announcements in the UK expected.