Five things CAs need to know this week: 10 September 2018

CA Today Toronto
By Eleanor O'Neill, CA Today

10 September 2018

A look ahead to some of the things happening in business, accountancy and politics this week.

1. Join ICAS in London for the Big Pensions Debate on 11 September

Following on from the inaugural Challenging Conversations event in Edinburgh, ICAS will host a live panel session in London to drive forward the debate on UK pensions.

ICAS has identified a series of key questions about our pensions system that need to be answered and our London debate returns to the first of those questions in calling for a change in approach to pension policy-making by current and future UK Governments.

Speakers at this evening event include Sir Brian Souter CA, financial journalists Sarah Pennels and Josephine Cumbo, Chris Curry of the Pensions Policy Institute, Hargreaves Lansdown's Tom McPhail, and Gregg McClymont of B&CE, provider of The People’s Pension.


2. Recommendations on new parliamentary boundaries due to be published

Following last week's submissions by the UK's four boundary commissions, final recommendations for redrawing parliamentary boundaries are due to be made public on Monday 10 September.

The plans are expected to reduce the number of MPs in the House of Commons from 650 to 600. Initial proposals outlined six fewer in Scotland, one fewer in Northern Ireland, 11 fewer in Wales, and 32 fewer in England.

While the new boundaries are intended to balance the number of voters in each constituency more evenly, there have been concerns on the basis that the UK's first-past-the-post electoral system relies on area wins, rather than voter numbers.

[The Independent]

3. UK and Eurozone to release interest rate decisions

The European Central Bank (ECB) will announce its' latest interest rate decision on Thursday 13 September. Mario Draghi, ECB President, is expected to implement an interest rate rise before the end of his term next year, though it is not clear when.

The Bank of England's Monetary Policy Committee is also due to publish its' next meeting minutes on Thursday. The Committee unanimously voted to raise the interest rate to 0.75% in August. As such, further changes are not expected from this meeting.

[Euro Rate Forecast]

4. Several key statistics due from ONS

The Office for National Statistics is due to release reports on unemployment figures, trade, production and GDP over the next week.

Last month's employment statistics showed a decrease in unemployment, though the number of people aged from 16 to 64 years classed as economically inactive was higher.

The monthly GDP estimate for June reported growth driven by services and offset by a fall in production.


5. Updates from BlackRock, The Gym Group, Hays, Old Mutual Group

  • Monday: Interims due from Brady PLC, Gulf Keystone Petroleum and MD Medical Group Investments Plc.
  • Tuesday: Interims due from Acacia Mining, Ashtead Group, Cairn Energy, DP Eurasia, Eu Supply Plc, Harworth Group, JD Sports Fashion, PureTech Health, Silence Therapeutics, Surgical Innovations Group, Team17 Group, TP Group and Vectura Group. Finals due from Alumasc Group and Murgitroyd Group.
  • Wednesday: Interims due from Advanced Medical Solutions Group, Anexo Group, Concurrent Technologies, Forbidden Technologies, Medica Group and Ten Entertainment Group. Finals due from Dunelm Group, Galliford Try, 1pm PLC and Stenprop Limited.
  • Thursday: Interims due from Faron Pharmaceuticals, Gresham House, GVC Holdings, Wm Morrison Supermarkets, Ophir Energy, Oxford BioMedica, SafeCharge International Group and Xeros Technology Group. Finals due from Ricardo.
  • Friday: Interims due from PV Crystalox Solar and Triple Point Social Housing Reit Plc. Finals due from JD Wetherspoon.

[This is Money]


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