Five things CAs need to know this week: 9 January 2017

Beijing
By Andrew Harbison, CA Today

9 January 2017

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

1. Southern and British Airways staff to strike

Around 2,500 British Airways staff are expected to stage a 48-hour walk out from Tuesday because of a dispute over “poverty pay”.

The two-day strike was originally scheduled to take place over the Christmas period, but was suspended after talks between BA and the Unite union. BA said it would "plan to ensure that all our customers travel to their destination" despite the disruption caused by the strike.

The long-running row over driver-only trains will see Southern running no services on Tuesday, Wednesday or Friday.

Services through the rest of the week will also face disruption over a row relating to an overtime ban.

Angie Doll, Southern's passenger service director, said: "Once again, we wish to remind our passengers not to attempt to travel unless it is absolutely necessary on this week's strike days."

[The Guardian, The Evening Standard]

2. Six months since Theresa May became prime minister

On Friday, Theresa May will have been prime minister for six months.

Replacing David Cameron in the role following his resignation after losing the EU referendum, Theresa May has taken the reigns to steer the UK out of the EU.

As the self-imposed deadline of 31 March to trigger Article 50 fast approaches, the government has been criticised for an apparent lack of clear planning for the country’s exit strategy.

In an interview with Sky News on Sunday, the prime minister said that the UK would not hold onto “bits” of membership, an apparent reference to the government’s plan to give up access to the European single market.

[BBC News]

3. London tube staff stage 24-hour walk out

Disruption for commuters in London continues this week as staff at the London Underground strike for 24 hours on Monday across all networks.

The walk out comes after talks, called by the Mayor of London, failed to go ahead after unions rejected an offer made by Transport for London (TfL).

TfL have warned that service across the transport network would be “severely reduced”, with no service on the Victoria, Waterloo and City lines.

TfL said there will be 150 extra buses deployed throughout the strike, along with “enhanced” river services.

[BBC News]

4. Estimated figure for UK GDP growth in Q4 to be released

The NIESR will release figures estimating the growth of UK GDP in the fourth quarter. The figures are expected to show that growth slowed to 0.4%, compared to 0.6% in Q3.

One possible cause for this slowdown could be the sharp fall in North Sea oil output as a result of rig closing for maintenance work.

Another reason could be that construction output is likely to be lower in October and November than Q3.

[Investors Chronicle]

5. AGMs for Catalyst Media, Funding Circle 

  • Monday: Trading statement due from Majestic Wine. Interims due from Acron and Ilika.
  • Tuesday: Trading statement due from Morrison Supermarkets. Interims due from Game Workshop.
  • Wednesday: Trading statement due from Taylor Wimpey, Sainsbury's, Tullow Oil and PageGroup. Finals due from Shoe Zone.
  • Thursday: Trading statements due from ASOS, Debenhams, Marks & Spencer and Tesco. Interims due from Hays.
  • Friday: AGMs for Catalyst Media and Funding Circle SME Income Fund. Trading statement due from SIG.

[This is Money]

Topics

  • Business

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