Five things CAs need to know this week: 28 November 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Launch of new OECD Global Economic Outlook
Monday 28 November will see the publication of the Organization for Economic Cooperation and Development's (OECD) semi-annual Global Economic Outlook.
Speaking ahead of the release, Chief Economist Catherine Mann said that fiscal stimulus in the right areas, combined with structural reforms, could boost growth enough to actually lower debt burdens in many developed countries.
The OECD is urging governments to seize the chance to boost growth before rising interest rates make such moves too costly.
2. Bank of England stress test results due
The Bank of England will release the results of its latest annual stress test of the UK’s seven major lenders on Wednesday.
RBS, Barclays and HSBC are among those who will be assessed on their financial health and available capital to ensure a resilience in economic uncertainty.
This year's test will examine how the lenders would fare across a five-year period if there was another global economic crisis similar to that of 2008.
3. Results of UKIP leadership election to be announced
The UK Independence Party (UKIP) will hold a vote on 28 November to determine their new party leader, the second such election since Nigel Farage acquiesced in June.
His successor, Diane James, stepped down from the position in October after only 18 days, citing a lack of support from within the party and Nigel Farage has filled the role in the interim.
The current front-runners in the leadership contest are Paul Nuttall, Suzanne Evans and John Rees-Evans.
4. Italy to vote on constitution reform
On 4 December, Italy will hold a constitutional referendum that proposes a market solution to solve the problems of the country’s €4 trillion banking system.
Up to eight of Italy’s troubled banks risk failing if the changes championed by Prime Minister Matteo Renzi are rejected by a 'No' vote.
The situation is being closely watched by financiers and policymakers across Europe and beyond, who worry that a mass failure of Italian banks could trigger panic across the Eurozone.
5. Results from Aberdeen Asset Management, Brewin Dolphin, Patisserie Holdings, Britvic
- Monday: Interims due from D4T4 Solutions, Kaios Group and Trakm8 Holdings. Finals due from Aberdeen Asset Management.
- Tuesday: Interims due from Acal, Cranswick, Digital Barriers, Eckoh, GB Group, Hogg Robinson Group, IG Design, KCOM Group, Motorpoint Group, Park Group, Torotrak and Versarien. Finals due from Patisserie Holdings, Countryside Properties, Easyhotel, Shaftesbury, SSP Group and Topps Tiles.
- Wednesday: Interims due from Alpha Bank A E, Abzena, BCA Marketplace, Findel, LondonMetric Property, RPC Group and TCS Group Holding. Finals due from Brewin Dolphin Holdings, Britvic, F&C UK Real Estate Investments Ltd, The Sage Group and Sanderson Group.
- Thursday: Interims due from Market Tech Holdings. Finals due from Greencore Group, Grainger, Impax Asset Management and Premier Asset Management Group.
- Friday: Interims due from The Berkeley Group Holdings. Finals due from Urban & Civic.