Five things CAs need to know this week: 15 May 2017
A look ahead to some of the things happening in business, accountancy and politics this week.
1. KPMG acquires new FinTech platform
Big Four firm KPMG has announced the acquisition of Matchi, a global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide.
The Matchi platform includes more than 700 curated fintech solutions and a database of more than 2,500 fintech companies that financial institutions can work with.
Ian Pollari, Global Co-leader of Fintech, KPMG International said: “The acquisition of Matchi adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients’ toughest challenges.”
2. Tory party manifesto to be released
Prime Minister Theresa May has said the Conservative Party plans to release its manifesto for the coming election this week.
During a campaign event last week she said: "Next week when we release our manifesto we will set out in detail the five great challenges we face over the next five years and lay out what we are going to do to tackle them."
"We will make it clear that we cannot continue to duck these important challenges and we will be straight with people about the trade-offs we must sometimes make."
3. Figures related to UK inflation released
Figures released this week are expected to show that the headline inflation rate has risen to 2.5%, making it the highest rate since 2013.
Other figures released this week could also show that inflation rates for producer prices, both input and output, have experienced a second monthly decline.
If this is the case then it is likely the current rise in inflation is a one off response to the fall in sterling last year rather than the beginning of sustained higher inflation.
Figures release by the ONS could show that the number of hours worked are rising faster than GDP, an indicator of a fall in productivity.
4. ICAS President Sir Brian Souter CA visits Stirling
Sir Brian Souter CA has been appointed as the new President of ICAS. During his year of office, Sir Brian is keen to meet as many members as possible.
Sir Brian will be visiting Stirling today (15 May) to meet members and discuss his plans for ICAS over the next year.
In a recent interview for CA Magazine, Sir Brian said: “ICAS gave me great training and I want to put something back…it was very much part of my story.
“I couldn’t have done what I did without that training and the benefits I got from it,” adding that the key themes of his presidential year are “enterprise, compassion and inspiration”.
5. Results due from Brewin Dolphin, Thomas Cook, Royal Mail and Investec.
- Monday: Interims due from Diploma, Lonmin, Telecom Egypt and Victrex.
- Tuesday: Interims due from Avon Rubber, Jackpotjoy and Zytronic. Finals due from BTG, NewRiver Retail, Premier Foods and Vodafone.
- Wednesday: Interims due from Brewin Dolphin, Countryside Properties and Mitchells & Butlers. Finals due from British Land, C&C Group, JZ Capital Partners and SSE.
- Thursday: Interims due from Marston's, Thomas Cook and SSP. Finals due from Royal Mail, National Grid, Mothercare, Investec and Burberry.
- Friday: Interims due from Future, Grainger and LightwaveRF.