Five things CAs need to know this week: 20 March 2017
A look ahead to some of the things happening in business, accountancy and politics this week.
1. ICAS Annual Admission Ceremony 2017
ICAS is delighted to invite newly qualified CAs and their family and friends to celebrate becoming a world-class business professional and joining the global ICAS community.
Join us to acknowledge and celebrate the hard work and level of achievement each newly qualified member has undertaken and to discover how ICAS can further support you throughout your lifetime as a CA. Hear from ICAS Chief Executive, Anton Colella, ICAS President, Ken McHattie and other inspirational speakers as we welcome you into ICAS membership.
2. UK retail figures released along with ONS report on inflation
Figures are expected to show a small rise in retail sales during February, although there is likely to be a 2.5% drop in sales over the last three month compared to the previous three. If this is the case, it will be the biggest slump since records began in 1996.
ONS figures are likely to show that CPI inflation rose to 2%, and the CPIH inflation rate may also have experienced a boost to 2.2%.
Figures on manufacturers input costs are likely to show that they are on the rise by 20% year on year, with output price inflation rising to 3.5% as a result.
3. Europe’s finance leaders meet in Brussels
Finance ministers from the Eurozone will meet in Brussels on Monday, with the main topic of discussion likely to be Greece.
The leaders are expected to discuss new efforts to facilitate a deal with the International Monetary Fund (IMF) for the next stages of Greece’s bailout.
Quoted in the FT, an EU official commented on talks between the EU and the IMF, saying: “Progress has been made on tax but there are still quite some open issues left in terms of pension issues, [while] on the labour market there has been no perceptible improvement.”
4. Motion on independence introduced to Holyrood
The First Minister of Scotland Nicola Sturgeon will introduce a motion into the Scottish Parliament this week to apply to the legislature in London for a referendum on Scottish independence.
Mrs Sturgeon announced the Scottish Government’s plan to hold a second referendum last week. She said the intention was to hold the vote sometime between Autumn 2018 and Spring 2019.
However, Prime Minister Theresa May has said that now is “not the time” for another independence vote and that it would be “bad for Scotland, bad for the United Kingdom, and bad for us all”.
5. Results due from Fevertree, Next, Curtis Banks and JKX Oil & Gas
- Monday: Interims due from Diurnal, Volution and Finsbury. Finals due from MD Medical Group Investments, JKX Oil & Gas, John Laing Infrastructure Fund, One Media IP and Satellite Solutions Worldwide.
- Tuesday: Interims due from Bellway and Earthport. Finals due from 888 Holdings, Fevertree Drinks, Hansteen Holdings, Nahl and Ubisense.
- Wednesday: Interims due from Softcat. Finals due from Kingfisher, Quixant and Xaar.
- Thursday: Interims due from Kier. Finals due from Curtis Banks, Futura Media, Next and Science in Sport.
- Friday: Interims due from Smiths. Finals due from Frontier Smarttechs.