Five things CAs need to know this week: 23 January 2017
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Theresa May to meet Donald Trump
The Prime Minister is expected to travel to Washington D.C next week to meet with President Donald Trump at the White House.
Although these reports are unconfirmed at the moment, it is expected that the meeting between the two leaders will take place on Friday (27 January).
Theresa May is likely to take this opportunity to discuss the future trading relationship between the US and the UK in a post-Brexit environment with Trump.
If the meeting does take place next week, it would make Theresa May the first international leader to meet with the new President since he took office last Friday.
2. UK GDP and CBI survey data released
Figures due to be released on Thursday (26 January) showing the first official estimate of Q4 GDP are likely to show that the UK economy is doing better than originally projected.
The economy is expected to have grown by around 0.5%, as a result of positive consumer spending.
Taking into account the effects of North Sea oil rig shutdowns hindering overall growth in Q4, the economic outlook for the year is expected to continue on this positive upward movement.
3. Supreme Court Brexit ruling due
On Tuesday, the Supreme Court will announce its decision on whether the Prime Minister needs parliamentary approval before triggering Article 50.
It is widely expected that the ruling will declare that Brexit proceedings cannot go ahead without the approval of MPs, however Theresa May has said that this outcome will not hamper her proposed timetable of triggering Article 50 by the end of March.
Sources report that the vote count will be seven to four in favour of parliamentary approval.
4. Former Barclays CEO to speak at ICAS event
Antony Jenkins, the former CEO of Barclays and new director of the world's largest Bitcoin wallet, Blockchain, will discuss disruptive technology at an ICAS Insight event in London on Thursday (26 January).
Antony will share experiences from his career in the banking sector and discuss the challenges and opportunities in the vastly changing landscape of financial services.
He will also discuss how CAs will be affected by the rise in automation in practice as robo-advisors and artificial intelligent become more widely used.
5. Trading statements from Daily Mail, PayPoint and WH Smith
- Monday: AGM/EGM for Kimberly Enterprises. Trading statements due from Computacenter and Petra Diamonds.
- Tuesday: Interims due from IG Group Holdings and PZ Cussons. Finals due from Lakehouse and Blue Prism Group.
- Wednesday: AGM/EGM for Patisserie Holdings and Polo Resources Limited. Trading statements due from WH Smith, Fresnilo and The Restaurant Group.
- Thursday: Trading statements due from Daily Mail and General Trust, PayPoint and Sage Group. Interims due from Sky, Unilever, Diageo and Renishaw.
- Friday: Interims due from BT Group. Finals due from Kcell Jsc and Aberforth Smaller Companies Trust.