Five things CAs need to know this week: 13 February 2017
A look ahead to some of the things happening in business, accountancy and politics this week.
1. ICAS President to speak at Edinburgh Business School
ICAS President Ken McHattie CA will be at Edinburgh Business School on Thursday 16 February to deliver a talk on his experiences as Founder and Chairman of Aurora Petroleum.
With over 15 years' experience in the oil and gas industry, Ken will discuss the current challenges facing the sector and share his advice for succeeding in the face of an uncertain market, a topic relevant to CAs across the board.
The event is free to ICAS members and tickets are still available.
2. Trump to meet Canadian Prime Minister at White House
Canadian Prime Minister Justin Trudeau is due to visit US President Donald Trump on Monday 13 February.
This will be the first time the two leaders meet face-to-face. Trade talks are expected to be the focus of the meeting as Trump has announced his intention to renegotiate the North American Free Trade Agreement (NAFTA).
Kate Purchase, the Canadian PM's Director of Communications, said: “They look forward to discussing the unique relationship between Canada and the United States of America and how we can continue to work hard for middle class Canadians and Americans, together.”
Stephen Schwarzman, a senior business adviser to the US President, said in January that "things should go well for Canada" in any discussions.
3. UK defence minister to lead business delegation to India
UK Defence Minister Harriett Baldwin will front a delegation of 20 UK companies at Aero India 2017 from 14 February.
The four-day event showcases some of the most innovative technologies in the defence, aviation and security sectors and the heavy UK presence is intended as a sign of partnership, collaboration, investment and technology transfer.
Ms Baldwin said: "The UK and India have much to offer one another in defence: from manufacturing collaboration and simplified export controls, to military cooperation, training and research partnerships.
"As Britain steps up globally, we will work together with India to build knowledge, security and prosperity through a close industrial, military and economic partnership."
4. Inflation and house price figures to be released by ONS
The Office for National Statistics (ONS) will publish the UK consumer and producer price inflation figures for January 2017 on Tuesday 14 February.
The final results of 2016 showed the annual rate of producer price inflation continued to grow in December 2016 and prices for materials and fuels paid by UK manufacturers rose 15.8%. The Consumer Prices Index (CPI) rose by 1.6%.
Results for the UK House Price Index in December 2016 will also be released on Tuesday. Previous reports saw average house prices increase by 6.7% in the year to November 2016, continuing the strong growth seen since the end of 2013.
5. Results due from Rolls-Royce, Coca-Cola,
- Monday: Finals due from Fidessa Group and Reckitt Benckiser Group.
- Tuesday: Interim due from A & J Mucklow Group. Finals due from Acacia Mining, Rolls-Royce Group and Spectris.
- Thursday: Interims due from Avation and Lancashire Holdings. Finals due from Coca-Cola, Drax Group, Primary Health Properties, Shire and Romgaz.
- Friday: Finals due from Essentra, Kingspan Group, Millennium & Copthorne Hotels and Segro.