Five things CAs need to know this week: 17 April 2017
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Theresa May to meet European Parliament president in London
The President of the European Parliament, Antonio Tajani, will meet with the Prime Minister in London this week.
The leaders will likely discuss several key issues including the European Parliament's position on Brexit, and the guidelines for the next two years of negotiations allowed under Article 50, which was triggered last month.
President Tajani said: “Defending the rights of our citizens is our first priority and as the directly elected representatives of millions of EU citizens affected by the UK’s departure, the European Parliament will carry out this responsibility with the utmost diligence.
"These students, workers and families, some of whom have spent their entire lives in another EU country, deserve absolute certainty over their future.”
2. The IMF and World Bank hold spring meetings
The International Monetary Fund (IMF) and the World Bank will hold their annual summit in Washington D.C. this week.
Thousands of government officials, journalists, civil society organisations, and participants from the academia and private sectors, gather to attend seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial markets will also be featured.
Some of the key topics of discussion are expected to include protectionism and trade, political uncertainty, migration, raising productivity and rising US interest rates.
3. UK, US and eurozone data released
The US Federal Reserve is likely to report industrial production rose in March, leaving the output near 0.4% up in Q1 compared to Q4.
The eurozone manufacturing and services sectors are also looking healthy, as purchasing managers' reports expected to show both sectors growing at their fastest rate since 2011.
It is a different story in the UK, however, with retail sales figures expected to be flat in March. This would mean sales volumes are sitting at around 1% down in Q1 making it the biggest quarterly drop since 2010.
4. ICAS meets young members in Singapore
When ICAS was recently in Singapore to sign the Reciprocal Membership Agreement (RMA) with the Institute of Singapore Chartered Accountants (ISCA), Professor Mark Allison CA, Executive Director of Education with ICAS took the time to meet our young members based in the city for an exciting networking event.
Pictured are Kirsty Anderson, Monica Banks, Claire Hawthorns, Mark Shields, Alison Chave and Mark Addy, with Ann Lamb, ICAS Director of Policy, and Professor Mark Allison.
Professor Mark Allison CA, Executive Director of Education, ICAS, said: “I am delighted to be in Singapore today to sign this RMA on behalf of ICAS. Providing reciprocal membership of ISCA for ICAS CAs creates opportunities for our members to work in one of the world’s most vibrant cities.
"It also cements ICAS’ position as a truly global institute and helps strengthen ties with our colleagues in Singapore.
"Both ICAS and ISCA recognise the importance of mutual recognition of qualifications in this dynamic, global business environment.”
5. Results due from Debenhams, Sky, Unilever and Associated British Foods
- Tuesday: Trading statement due from Ashmore Group.
- Wednesday: Interims due from Associated British Food and Fenner. Finals due from e-Therapeutics.
- Thursday: Interims due from Debenhams, Sky, Torchmark Corporation and Unilever. Finals due from Electrical, Jersey Oil and Gas, Randall & Quilter Investment Holdings and Xeros Technology Group.
- Friday: Trading statement due from Reckitt Benckiser Group. Interim due from Schlumberger.