What CAs need to know this week: 11 April 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
Panama Papers links to be declared to FCA
Ahead of Prime Minister David Cameron's speech to Parliament today on new legislation to tackle tax evasion, the Financial Conduct Authority has told banks and financial firms to hand over the details of any dealings with the implicated Panama law firm by this Friday (15 April). The regulator made the demand last week after information on accounts held by Mossack Fonseca was leaked.
World's economy in spotlight at key IMF/World Bank spring meetings
G20 finance ministers and central bank governors will gather in Washington this week for the spring meetings of the International Monetary Fund (IMF) and the World Bank. From Friday to Sunday, finance leaders will discuss reforms to improve growth in the world's leading economies. The IMF will also release its forecasts for growth and financial stability risks ahead of the meeting.
ONS to release March CPI figures
The Office for National Statistics (ONS) will publish last month's Consumer Price Index (CPI) report on Tuesday (12 April). Slightly higher petrol prices, among other factors, may mean a small rise in percentage for inflation figures.
Inflation data due for US and Eurozone
Following the release of 'weak' inflation data for China earlier today, inflation data for the US and Eurozone will be published on Thursday (14 April). In the US, the rate is expected to rise by 0.1% since February, while in the Eurozone, analysts are predicting inflation to remain negative at -0.1%.
Results due from Tesco, JP Morgan, WH Smith, ASOS
Here’s a list of some of the results due this week:
- Monday: Interims due from Carrs Group Plc. Finals due from Central Asia Metals.
- Tuesday: Interims due from ASOS Plc and SCS Group. Finals due from TLA Worldwide.
- Wednesday: Interims due from WH Smith and JP Morgan. Finals due from Tesco.
- Thursday: Interims due from Debenhams Plc, Bank of America, Wells Fargo, Unilever. Finals due from JD Sports Fashion and Epwin Group.
- Friday: Interims due from Citigroup.