Five things CAs need to know this week: 14 November 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
1. House of Lords may approve Investigatory Powers Bill
The Investigatory Powers Bill, which proposes new governmental powers to access online information about individuals in an effort to combat organised crime and terrorism, is again up for debate this week.
An amendment to the bill will be returned to MPs on Tuesday for debate. They are expected to overturn the 'Leveson' addition from Labour peer Baroness Hollins, which concerns costs in legal cases involving non-IPSO regulated media.
The House of Lords will likely not push the amendment further and thus the bill will pass Parliament.
2. Bank of England Governor to testify on inflation
Mark Carney and other central bank officials are due to appear before the Treasury Select Committee on Tuesday for a hearing on the November inflation report.
The Bank of England’s Monetary Policy Committee held interest rates steady this month and signalled that it was not likely to make cuts to the benchmark rate in the near future.
The hearing will also be the first time for lawmakers to question the Governor on the announcement that he would step down in June 2019.
3. European banking leaders to comment on Trump
President of the European Central Bank Mario Draghi will be the keynote speaker at the European Banking Congress in Frankfurt on Friday.
Prominent officials from international financial bodies are expected to indicate how Europe may react to the Trump presidency and its potential effect on the Eurozone economy.
Also in attendance will be German Finance Minister Wolfgang Schäuble and CEO of Deutsche Bank John Cryan.
4. UK unemployment figures due on Wednesday
The latest report on UK labour market statistics, indicating unemployment, economic inactivity, average earnings and other employment-related figures, will be published this week.
Numbers for June to August 2016 showed the highest employment rate for 16-64 year olds since comparable records began in 1971.
5. Results from Royal Mail, TalkTalk, First Group, EasyJet
- Monday: Interims due from Nord Gold, Akers Biosciences and DCC. Finals due from Lonmin and Carrs Group.
- Tuesday: Interims due from Oxford Instruments, McKay Securities, Intermediate Capital Group, Land Securities Group, BTG, TalkTalk Telecom Group, Vodafone, First Group and Premier Foods. Finals due from Enterprise Inns, EasyJet and Mccarthy Stone.
- Wednesday: Interims due from ICAP, British Land, HICL Infrastructure, Fenner and Speedy Hire.
- Thursday: Interims due from Great Portland Estates, NewRiver Retail, Majestic Wine, Royal Mail, QinetiQ GRoup, Great Eastern Energy Corporation, Johnson Matthey, Investec, Creston and WS Atkins. Finals due from Tracsis.
- Friday: Interims due from Electrocomponents and Fuller Smith & Turner.