What CAs need to know this week: 22 February 2016
A look ahead to some of the key things happening this week.
GDP figures could show ‘slow growth’ in UK economy
The Office for National Statistics will be releasing the second official estimate of UK GDP on Thursday (25 February). Analysts are expecting confirmation that the economy grew by 0.5% for the fourth quarter of 2015. However, things remain unpredictable, with strong retail sales but weak manufacturing and export figures. US GDP figures will follow on Friday.
Public attitudes to ‘Brexit’ revealed
This week we will get an in-depth insight into what the public thinks about ‘Brexit’, when NatCen Social Research releases its British Social Attitudes Survey on the EU referendum in the House of Commons (24 February). The organisation’s latest ‘poll of polls’ – based on the average share of voting intentions in the six most recent polls – shows that 51% of the public want to remain in the EU and 49% want to leave.
Ireland holds its general election
The Republic of Ireland will hold its general election on Friday (26 February), and current PM Enda Kenny is hoping to become the first Fine Gael leader to win back-to-back polls. The latest polling shows that Fine Gael is still the clear leader but may be losing momentum to Fianna Fáil and Sinn Fein.
Results due from HSBC, Standard Chartered, Weir Group, Lloyds and RBS
It’s set to be a week of banking and oil and gas results. On Monday, finals are due from HSBC and Bovis Homes, and interims from BHP Billiton. Tuesday will see final results from Intercontinental Hotels, Ladbrokes, Provident Financial, Persimmon, Standard Chartered and John Wood Group. Weir Group, Petrofac, Interserve and STV will announce their results on Wednesday, and on Thursday, Capita, Lloyds, National Express, Premier Oil and Nord Gold will post their finals. On Friday, RBS, Intu Properties, Telefonica, Rightmove and William Hill release their final figures.
Eurozone PMI numbers due
Hot on the heels of the UK’s EU referendum announcement is the release of the flash Purchasing Managers’ Index (PMI) reports in the Eurozone, France and Germany later today (22 February). While growth is expected to be weaker than last month, it should still be positive news. Inflation data for France and Germany is also expected on Friday (26 February).