Five things CAs need to know this week: 15 July 2019
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Figures on unemployment, inflation and retail sales due
Figures due to be released on Tuesday should show that unemployment has dropped to a 45-year low of under 1.3m. However, numbers on annual wage inflation are expected to show that the rate has fallen from 3.5% in December of last year to around 3.2%
Figures on consumer price inflation are due to show that it has held stable at around 2%. The numbers will also show that input price inflation is sitting at around 1%. Coupled with the rise in unit wage cost, this low inflation could indicate that profit margins are under pressure.
Bad weather in June will be reflected in retail sales figures, but sales volumes should have experienced a rise in around 0.4% in the quarter.
2. Tech bosses to face anti-trust hearing
The heads of Amazon, Apple, Facebook and Google will appear before a committee in Washington this week to testify on the power held by online platform.
The House Judiciary Committee is also in the process of examining competition in digital markets, with concerns that power over the world's most valuable companies is held by only a few.
The Justice Department is also working with the committee on separate probes of Google and Facebook.
3. FD survey reminder
There is still time to take part in The CA’s 2019 Finance Directors’ Survey. Over the last few years we have had a great response from FDs and CFOs, which gives us a much clearer idea of the important issues for finance leaders and their teams, around the world.
We are looking for input from ICAS members in FD, CFO or equivalent roles, whether at a parent organisation or a subsidiary or other unit.
All responses are treated in the strictest confidence.
Please note that the survey will now close on Thursday 18 July.
4. EU to vote on next leader
The European Parliament will take a vote on Tuesday on the nomination of Ursula von der Leyen as the next leader of the European Commission.
The German defence minister will need to secure at least 376 in the 751 assembly.
The nominee will make a speech to MEPs which will be followed by a debate by lawmakers on her nomination, with the vote due to take place at 6pm.
5. Results due from Sports Direct, Moneysupermaket.com and Polar Capital
- Monday: Interims due from Robert Walters. Finals due from City of London Group, Northern Bear and Polar Capital Technology Trust.
- Tuesday: Finals due from Gateley Holdings.
- Wednesday: Finals due from Versarien and Watches Of Switzerland.
- Thursday: Interims due from Audioboom, Eve Sleep and Moneysupermarket.com. Finals due from Sports Direct International.