Five things CAs need to know this week: 29 April 2019
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Mike McKeon CA becomes new President of ICAS
Mike, who is a non-executive director and chair of the Audit Committee at National Express, was confirmed as President for 2019 at the ICAS Annual General Meeting on Friday 26 April 2019.
ICAS also welcomed Catherine Burnet CA who was confirmed as Deputy President and Bill Drysdale CA MBE who was confirmed as Vice President.
Mike said: “It is a true honour and privilege to be appointed President of ICAS, and I look forward to building on our vision to make ICAS the leading global professional community."
2. Key Brexit vote could take place this week
Theresa May plans to put a key piece of Brexit legislation to a vote this week, according to reports.
The Prime Minister plans to allow MPs to vote on a Withdrawal Agreement Bill (WAB) which would ensure her Brexit withdrawal plan would be protected by law.
The vote comes during a turbulent time for the Prime Minister, who survived an attempted coup last week.
3. Key data from BoE and figures on inflation to be released
Purchasing managers are likely to signal this week that growth has stalled in the construction and services sector.
This is likely due to similar sluggishness in manufacturing growth which could be down to a reduction of stockpiling goods as the prospect of a no-deal Brexit becomes less likely.
The Bank of England will announce its rate decision and inflation report on Thursday. Rates are expected to stay where they are and inflation could be slightly higher than it was last year.
4. US-China trade talks to resume
Representative from the US will travel to China this week to continue trade talks on Tuesday.
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will head to Beijing to meet Chinese Vice Premier Liu He, who is planned to lead the talks.
Quoted by Reuters, the White House stated: “The subjects of next week’s discussions will cover trade issues including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, purchases, and enforcement.”
5. Results due from HSBC Holdings, Samsung, Paddy Power Betfair and Royal Dutch Shell.
- Monday: Interims due from Lok'n Store, PROACTIS Holdings and UP Global Sourcing Holdings. Finals due from Horizon Discovery Group.
- Tuesday: Interims due from Avacta, BP and Samsung. Finals due from Animalcare, Atlas Mara Co-invest, Whitbread and Xeros Technology.
- Wednesday: Interim due from Avon Rubber, GlaxoSmithKline and Inmarsat. Finals due from Sainsbury (J).
- Thursday: Interims due from Indivior, Lanacshire Holdings, Paddy Power Betfair and Royal Dutch Shell.
- Friday: Interims due from HSBC Holdings, Numis Corporation and Smurfit Kappa.