What CAs need to know this week: 28 March 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
National living wage comes into force
The new National Living Wage comes into force on 1 April 2016. Employers must ensure that all eligible workers aged over 25 and who aren’t self-employed, in the first year of an apprenticeship, or volunteering, are receiving at least £7.20 an hour - a 50p increase on the minimum wage.
Search begins for the top 35 CAs under 35
Nominations officially open for the 35 CAs Under 35 competition on Friday 1 April 2016. The overall winner of the awards will be crowned this year’s ‘One Young CA’ and will represent ICAS at the One Young World Summit in Ottawa, Canada.
March report of US Employment Situation will be released
The official figures of this month's US job growth will be published on Friday. The report is expected to confirm an additional 200,000 jobs having been added to the economy and a continued unemployment rate of 4.9%. Analysts will be using the information to predict future US interest rates.
Bank of England to release policy statement
The Bank of England’s Financial Policy Committee will publish a statement from their first formal meeting of 2016 on Tuesday. The possibility of an EU exit and subsequent effects on the economy are expected to be high on the agenda. Chairman Mark Carney has also highlighted housing and bank capital as important issues.
Foxconn and Sharp are set to sign a takeover deal
Taiwan's Foxconn will reportedly reach a deal with Japanese company Sharp by Thursday. The bailout will boost Foxconn's position as Apple's main contract manufacturer and will be the largest foreign acquisition in the history of Japan's insular technology sector.
Results due from Blackberry, AG Barr and Hilton Food
- Tuesday: Interims due from Artilium. Finals due from AG Barr.
- Wednesday: Interims due from BowLeven and Sinclair Pharma. Finals due from London Capital Group Holdings.
- Thursday: Finals due from Hilton Food, Chesnara and Polypipe Group. Interims due from James Halstead.
- Friday: Interims due from Blackberry Ltd.