Five things CAs need to know this week: 27 February 2017

CA Today Nairobi
By Eleanor O'Neill, CA Today

27 February 2017

A look ahead to some of the things happening in business, accountancy and politics this week.

1. Next stage of Brexit Bill debate in House of Lords

The House of Lords will begin two days of committee stage debate of the European Union (Notification of Withdrawal) Bill on Monday 27 February.

Opposition peers are expected to amass the votes necessary to implement certain amendments, including greater influence for parliament in EU negotiations and the guarantee of EU citizen rights while living in the UK.

Successful changes to the existing draft will require a cross-party coalition between Labour, the Liberal Democrats and Conservative dissenters.

MPs will have the opportunity to react to any amendments after 7 March, when the Bill is due to clear third reading in the Upper House.

[The Guardian]

2. Trump to issue new executive order on travel ban

White House officials have confirmed that a new 'travel ban' directive will be issued by President Trump this week.

The previous ban temporarily blocked citizens of Iraq, Iran, Syria, Sudan, Somalia, Yemen and Libya from entering the US, causing international confusion at airports and mass protests across the world.

The US Court of Appeals rejected the legislation on constitutional grounds as it contained elements of religious discrimination, which the new executive order has reportedly been redrafted to avoid.

Green card holders with an indefinite right to live in the US are also expected to be exempt from the new draft.

[The Independent]

3. Bank of England releases its Money and Credit Report

The Bank of England is due to publish 2017's first statistical Money and Credit Report on Wednesday 1 March.

Data in the monthly brief reveals trends in lending to the UK private sector and other financial corporations, as well as loans to individuals, businesses, institutions and capital markets.

The report for December 2016 showed that loans to non-financial businesses decreased by £2.1bn at the end of last year, bucking a six-month increase trend.

[Bank of England]

4. British Chambers of Commerce to hold annual meeting

The British Chambers of Commerce (BCC) meets on Tuesday 28 February for their annual conference in London.

Attendees include policymakers and business leaders across a variety of sectors. Former Chancellor George Osborne will be speaking at the event, as will Liz Nicholl CBE of UK Sport, Ian King of Sky News and Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy.

Key themes from this year's programme include regional business growth, UK competitiveness and Brexit uncertainty.

[BCC Conference]

5. Results due from LSE, Merlin Entertainments, STV, Direct Line Insurance

  • Monday: Interim due from Dechra Pharmaceuticals. Finals due from Ascential Plc, Bunzl, Dialight, FBD Holdings, Hiscox Ltd, Keller Group, Persimmon, Rotork, Senior Plc and Verona Pharma.
  • Tuesday: Interims due from The Go-Ahead Group, Ricardo, Redde, Swallowfield and Waterman Group. Finals due from Bodycote, Croda International, Dalata Hotel Group, Direct Line Insurance Group, Derwent London, Elementis, Fresnillo, GKN, Interserve, IWG Plc, Jardine Lloyd Thompson Group, Johnson Service Group, Laird, Meggitt, Group, Novae Group, Provident Financial, Sphere Medical Holding, St James's Place and Taylor Wimpey.
  • Wednesday: Finals due from Admiral Group, BBA Aviation, Bank Of Cyprus Holdings, Carillion, Elementis, Man Group, Empresaria Group, Evraz Plc, James Fisher & Sons, Inchcape, International Personal Finance, ITV, Livanova, RIT Capital Partners and Riverstone Energy Limited.
  • Thursday: Finals due from Arrow Global Group, Cobham, The Capita Group, Convatec Group, Dairy Farm International Holdings, Group, Hunting, Jardine Matheson Holdings Ltd, Merlin Entertainments, Melrose, RPS Group, Schroders, Spire Healthcare Group, Sportech, Spirent Communications, Total Produce, Travis Perkins and Vesuvius.
  • Friday: Finals due from Berendsen Plc, London Stock Exchange Group, STV Group and WPP Group.

[This is Money]


  • Business

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