What CAs need to know this week: 7 March 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
European Central Bank to announce stimulus decision
The European Central Bank’s (ECB) Governing Council will meet on Thursday (10 March) to make a decision on monetary policy and interest rates. Economists are expecting the ECB to bolster its stimulus efforts, despite some evidence of recovery in the Eurozone. Possible stimulus measures could include a tiered deposit rate or further quantitative easing.
Retail sales figures could deliver good news
The British Retail Consortium (BRC) will deliver its report on retail sales on Tuesday (8 March). Analysts are expecting strong growth, but further confirmation that the UK economy is still reliant on consumer spending. Last week, the BRC said that up to 900,000 retail jobs could be lost by 2025 due to the rising costs associated with the living wage and apprenticeship levy.
China holds its National People’s Congress
China’s National People’s Congress is held all this week, culminating in the announcement of the country’s five-year plan and its vision for the economy. China should also give a target for economic growth over the next year and any further stimulus plans. Trade data from China is due on Tuesday, with inflation data following on Thursday.
Clydesdale Bank to share its story
ICAS President and Clydesdale Bank Chairman Jim Pettigrew CA, together with CEO David Duffy, will share insights into the company's initial public offering at an ICAS event tonight in Glasgow. Jim and David will explain why there is opportunity in the current banking turmoil to create a business of greater value to its shareholders, customers and the business community.
Prelims due from Aviva, Prudential, Worldpay, Paddy Power, Cineworld
Here’s a list of some of the results due this week:
- Monday: Prelims due from Clarkson, Irish Continental, Pennant International and RTC.
- Tuesday: Prelims due from Equiniti, esure, John Menzies, Paddy Power, SQS, Worldpay, Foreign and Colonial Investment Trust. Interims due from Regeneris, St Ives.
- Wednesday: Prelims due from G4S, Interquest, Portmeirion, Prudential, Restaurant Group, SIG.
- Thursday: Prelims due from Aviva, WM Morrison Supermarkets, John Lewis, Charles Taylor, Cineworld, Michael Page, Savills, William Morrison.
- Friday: Prelims due from Old Mutual, Global Ports, Pace. Interims due from JD Wetherspoon, Just Retirement.