A Treasury White Paper on key reforms to financial regulation will be the highlight of the week, while a host of housebuilders will give their latest snapshot of the market.

More clues on the health of the UK property market will be offered when a trio of housebuilders give updates from the sector.

Hopes have been mounting over a recovery in house prices so the market will be looking for any confirmation of this in comments from firms including Persimmon, Barratt Developments and Bovis Homes.

Nationwide's latest June property value figures added to the optimism when it said prices rose by 0.9% during the month to stand at £156,442 - the third increase in four months.

Recent updates from other builders have also suggested it may not just be a short-term blip.

Taylor Wimpey - the UK's biggest housebuildler - said last month that the market should avoid a "severe" downturn as it reported a 73% hike in forward orders since the year-end.

Bellway and Redrow have both also recently given upbeat outlooks, while many are now beginning to dust-off mothballed projects.

Persimmon's update on Tuesday is the first of the next tranche to update.

Aside from comments on the market in general, its debts will also come under the spotlight, with analysts looking for further reductions from the £905 million seen last June.

Numis Securities said it expects net debt to now be below £600 million and said it sees the group as "one of the most attractive housebuilders".

Barratt follows on Thursday, with the update coming less than two months after it last offered a pep-up for the industry with news that visitor numbers and reservation rates were improving.

Bovis is last up on Friday and Numis is forecasting an equally rosy picture from the group, expecting higher sales and broadly stable prices.

Retailer Marks & Spencer will face shareholders at its annual meeting on Wednesday as it battles against increasing anger over corporate governance issues and Sir Stuart Rose's dual role at the helm.

The group has come under mounting pressure from investors and shareholder groups Pirc and the Association of British Insurers (ABI) in recent months.

But it may have helped pacify some disgruntled shareholders with its latest sales figures showing a marked improvement in the first quarter.

Like-for-like sales in the UK dropped 1.4% in the 13 weeks to June 27, bettering the previous quarter as well as forecasts in the City.

Accompanying comments from Sir Stuart over a more stable picture for consumer confidence also provided a boost for the group.

Analysts at Numis Securities added £26 million to their M&S profits forecast after the update, while shares rose 4% on the day.

The sales result came as welcome good news for M&S, which has been feeling the heat on all fronts.

Revenues have been hit hard by the recession and it has had to fend off growing criticism over Sir Stuart's combined chief executive and chairman role.

Shareholder body Pirc reiterated calls late last month for the executive chairman to split his role, branding the current situation as a "dangerous concentration of power".

Sir Stuart has said he will step down in July 2011 with a successor in place, but this is not soon enough for many investors.

Meanwhile, the group was also forced to make a concession on bonuses following pressure from the ABI.

It announced that Sir Stuart and marketing chief Steven Sharp will forgo a third of their long-term bonus awards in light of concerns raised by the body.

Chancellor Alistair Darling is set to lay out his plans for the future of banking regulation during the week.

The report, delayed from last week because of a clash with other key Government releases, will finally answer speculation over a power struggle between those responsible for policing the financial sector.

The Bank of England, Treasury and Financial Services Authority (FSA) have reportedly been at loggerheads as regulators vie for a meatier role - although all three have played down rumours of a spat.

It is a sensitive issue, not least because both the FSA and Bank did not spot the systemic problems that were to turn into the financial crisis experienced last year.

City minister Paul Myners has said that the tripartite system will remain key, with "macro-prudential regulation" a joint effort.

Lord Myners has dismissed reports of a rift and said both the Bank and FSA were likely to see their responsibilities grow.

The Bank of England's clamour for a greater role has risen in volume in recent weeks as governor Mervyn King called for an extension to the powers it gained under the Banking Act.

Mr King believes that the Bank's future role must involve more than its traditional monetary policy focus. Simple tweaking of interest rates to control inflation seems ineffectual in a recession that has seen it resort to a £125 billion money-creation scheme as it wrestles with enfeebled credit markets.

He has warned banks that if an institution is "too big to fail", it is too big.

But his pronouncements have seemed discordant to those from his colleagues in the Treasury and FSA, which have focused instead on requirements for financial institutions to build up greater cushions of capital to protect them in times of need.

And Mr Darling has already hinted that the Bank - which currently has responsibility for financial stability - might lose some of its influence in this area by saying the FSA would take on "powers to take certain emergency actions for the purposes of financial stability".

These would include placing restrictions on stock market short selling - or betting on falling share prices - a practice that came under fire during the financial turmoil last year as it was blamed for increasing the pressure on the stricken banking sector.

The FSA, which banned short-selling of UK financial stocks from September to the beginning of this year, has called for greater transparency in the area.

Other FSA powers being considered are the ability to suspend individuals or firms for misconduct, or to penalise those that do not obtain necessary approval for particular actions.

The Government is also mulling over strengthening the FSA's statutory objective regarding consumer education.

Whatever the details of the White Paper, the seemingly conflicting positions of the key players means that the regulatory landscape could well be littered with debate and disagreement for some time to come.

Recruitment firms Michael Page and Hays will offer an insight into the recession-hit jobs market when they give updates on Tuesday and Thursday respectively.

Michael Page reports back on second quarter trading after a tough previous three months, when profits fell 32.3% as demand for employees weakened.

The group said UK first quarter gross profits plunged to £28.9 million in the three months to March 31 from £47.1 million.

Michael Page - which employs more than 1,350 people in the UK, including offices at Cardiff, Newcastle and Canterbury - said its finance and accounting division was unsurprisingly among the worst hit, with profits down 37% in the quarter.

The group has been cutting costs and reducing its own headcount, by 809 to 4,134.

Fellow recruiter Hays has also been downsizing, with a 9% reduction in headcount, bringing the total employee reduction to 27% in the last 12 months.

However, the group - which reports on its fourth quarter performance - revealed an interesting trend previously, when it showed a more resilient performance from the temporary recruitment market.

Fees from permanent recruitment, which accounts for about half of Hays' business, were down 46% on a like-for-like basis across its markets in the three months to the end of March, while those from temporary placements fell by a far more muted 14%.

But the market is braced for tough conditions for some time in the recruitment sector, with the jobs market historically lagging behind the core economy.

Unemployment soared to a 12-year high of more than 2.2 million in the three months to April and is expected to surge far higher despite recent signs that the worst of the recession is over.

Clothing retailers across the board have been boosted by the fine weather seen in recent months and Primark should be no exception when owner Associated British Foods updates on Friday.

The discount fashion chain put in a "first class performance" in the six months to February 28, lifting operating profits by 10% to £122 million, increasing selling space and growing like-for-like sales by 5%.

Analysts are hopeful for more positive news from ABFoods on Primark next week.

"Its value peer, New Look, recently commented on a strong UK trading performance over Easter and continuing to outperform," Citigroup's Jeff Stent said.

Elsewhere across the business trading is likely to be more mixed for the Ryvita and Kingsmill bread owner.

The company's grocery arm, which also includes the brands Ovaltine and Twinings, saw operating profits fall 29% to £62 million over the half year.

The slide was primarily due to lower sales volumes of Mazola in the United States as the business opted to recover high corn oil costs.

But Kingsmill maintained its trading improvement on the back of a sustained marketing campaign and the relaunch of its Kingsmill Gold range.

And with home baking becoming more popular in the economic downturn, AB Foods said the retail markets for flour and sugar enjoyed strong growth after several years of declining volumes.

Silver Spoon also maintained its leading market position at the expense of lower margins in a competitive market.

Mr Stent, who has raised his target price on the firm, added: "With British Sugar continuing to benefit from firmer markets... and world prices having increased (around) 30% since the end of ABF's first half, we expect strong trading in Sugar."