What CAs need to know this week: 9 May 2016
A look ahead to some of the things happening in business, accountancy and politics this week.
David Cameron to host anti-corruption summit in London
The Government will hold a summit for world leaders to discuss how to tackle corruption on Thursday. Those attending the event include Norwegian Prime Minister Erna Solberg, Colombian President Juan Manuel Santos, World Bank President Jim Yong Kim, and Christine Lagarde, IMF managing director.
It has been reported that the Government is struggling to persuade representatives from British overseas territories that operate as tax havens to attend.
Figures announced by British Retail Consortium
Retail sales figures will be released by the British Retail Consortium on Tuesday. Following poor results from the sector last month, this trend is expected to continue. More bad weather and an early Easter may be the reason for the weak growth.
Eurogroup hold emergency meeting on Greek austerity
Euro-area finance ministers are set to hold an emergency meeting on Monday to discuss whether Athens has the ability to pay back the billions of euros it owes.
The International Monetary Fund (IMF) is of the belief that the annual figure of a 3.5% budget surplus, which would be used to start paying back the loans, is unrealistic. In a letter that was leaked to the Financial Times, IMF chief Christine Lagarde said: "Only a few European countries have managed to do so, carried by a strong social consensus that is not in evidence in Athens."
Brexit figures released by research council
The Economic and Social Research Council will publish its analysis of the predicted consequences of Britain leaving the European Union on Tuesday.
These figures come after two former spy chiefs spoke out about the threat to the UK's security if a British exit from the EU took place. Justice secretary Michael Gove and others from the leave campaign have come out to say that the UK would be 'more secure' in the outcome of a Brexit.
Pensions chiefs to be quizzed on BHS
Pension bosses will face a work and pensions select committee this Monday in order to ascertain if they have done enough to protect the pensions of BHS workers.
Alan Rubenstein, chief executive of the Pension Protection Fund, Lesley Titcomb and Nicola Parish, chief executive and director of case management at the Pensions Regulator respectively, will be appearing in front of the committee.
Results from TalkTalk, easyJet and trading statement from Coca-Cola.
- Monday: Interims due from ITE Group, Premier Veterinary Group and Telecom Egypt. Finals due from Beximco Pharmaceuticals.
- Tuesday: Interims due from Cambria Automobiles and easyJet. Finals due from Maxcyte and Quantum Pharma.
- Wednesday: Interims due from Arrow Global Group, Compass Group and TUI AG. Finals due from C&C Group, Experian and Vertu Motors.
- Thursday: Interims due from Coca-Cola and Vedanta Resources. Finals due from JZ Capital Partners and TalkTalk.
- Friday: Trading statement due from Coca-Cola. Interims due from New Europe Property Investments.