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UK Insights

Next week’s business highlights from Kantar Media, 16 - 20 April

Sarah Wait

Director of Forward Planning Services

Preview 13.04.2018 / 14:00

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Read a preview of the week ahead, and a review of the previous week, from our global forward planning services.

What major events and stories do you need to know about? Plan your week with the Forward Planner insights from Kantar Media…

Next week’s highlights (16 – 20 April)…

Monday 16 April

Commonwealth Heads of Government Meeting (CHOGM) opens in London and Windsor

UK Mortgage Freedom Day, when the UK’s new homeowners have earned enough to pay off the annual cost of their mortgage this year

British Retail Consortium and Springboard’s Footfall and Vacancies Monitor published

Boston Marathon

Tuesday 17 April

UK monthly unemployment figures released by the Office for National Statistics

Chinese quarterly GDP data announced

Results announced by Associated British Foods, AA plc, JD Sports Fashion and Goldman Sachs 

Brighton v Tottenham in the Premier League

Wednesday 18 April

UK monthly inflation figures published by the Office for National Statistics

Global chain AMC opens Saudi Arabia’s first cinema in 35 years  

Sir Keir Starmer gives a talk on Brexit at the Institute for Government in London

Virgin Money London Marathon Expo opens at ExCeL ahead of the race on 22 April

Thursday 19 April

G20 Finance Ministers and Central Bank Governors Meeting welcome reception in Washington, DC

Scottish Chambers of Commerce publishes its Quarterly Economic Indicator

Time Magazine announces the TIME 100 list of the world’s 100 most influential people

Draw for the World Snooker Championship in Sheffield, ahead of the tournament starting on 21 April

Friday 20 April

Spring Meetings of the World Bank and the International Monetary Fund open in Washington, DC

Annual General Meeting for Steinhoff, the South African owner of British retailers Bensons for Beds, Harveys and Poundland, in Amsterdam

Reckitt Benckiser Interim Management Statement released

Scottish Grand National Festival opens at Ayr Racecourse


Date for your diary…

22 June 2018

Great Exhibition of the North begins

@getnorth2018

 

Week in Review (9 - 13 April)

Monday 9 April

FCA publishes its Business Plan for 2018/19: The Financial Conduct Authority said its priorities for the year ahead reflected the high level of resources it would need to dedicate to Brexit, given its impact both on regulation and the firms the FCA regulates. The FCA said it would need £30 million and would reprioritise, delay, or reduce non-critical projects to deal with Brexit.

Other news on Monday

  • Latest Halifax House Price Index sees house prices in March 1.5% higher than in February and 2.7% higher than in March 2017
  • Conviviality announces sale of Conviviality Retail to Bestway Direct, securing the continued employment of 2,300 employees
  • Rolls-Royce announces sale of L’Orange to Woodward, and French Connection confirms sale of Toast to Bestseller
  • Latest Deloitte CFO survey reports rising business confidence following the Brexit deal in March, with concerns about slower UK growth replacing Brexit as the main risk facing businesses
  • Hollywood Bowl sees total revenue growth of 9.3% in the first six months of its financial year

Tuesday 10 April

British Gas announces energy price increase: The ‘Big Six’ energy supplier said it is increasing its standard variable tariff by £60 from 29 May, an average 5.5% rise for a typical dual fuel customer, which it said was 'largely due to rising wholesale and policy costs'. Rival supplier EDF Energy said on Thursday it is increasing its standard variable electricity tariff from 7 June.

Other news on Tuesday

  • Waitrose says it will remove all disposable coffee cups from its shops by autumn 2018, and Iceland announces it will remove palm oil from its own-label food
  • European Commission carries out unannounced inspections of companies involved in sports broadcasting rights, including 21st Century Fox
  • Underwear company Ultimo says it is ceasing trading in the UK
  • Card Factory, Eddie Stobart, Hostelworld and Robert Walters announce their latest financial results
  • Financial Reporting Council announces plans to enhance its monitoring of the six largest audit firms

Wednesday 11 April

Tesco and ASOS publish their latest financial results: Tesco reported a full-year pre-tax profit of £1.3 billion for the year to 24 February, compared to £145 million for the previous year. ASOS saw pre-tax profits in the first six months of its financial year increase by 10% to £29.9 million.

Other news on Wednesday

  • Office for National Statistics reports a widening trade deficit, an increase in UK total production, and contractions in construction output and manufacturing in February
  • Hammerson board rejects revised proposal from Klepierre, and FirstGroup board says it has rejected an approach from Apollo
  • Shop Direct announces plans to close Greater Manchester sites, putting almost 2,000 jobs at risk, to be replaced by a new site in the East Midlands
  • Local Data Company research for PwC reveals store openings are at their lowest level in seven years
  • Competition and Markets Authority launches Trinity Mirror / Express merger investigation

Thursday 12 April

Carpetright announces plans to close stores: The carpet retailer said it will seek approval from creditors and shareholders later this month for a Company Voluntary Arrangement after identifying 205 sites it said were underperforming and/or on unfavourable lease terms. Of these, 92 sites were identified for closure and 113 sites subject to a reduction in rental costs and revised lease terms

Other news on Thursday

  • British Airways owner IAG confirms no discussions have taken place and no decision has been made regarding an offer for Norwegian Air Shuttle
  • Dunelm, Greene King, Hays, Mothercare, Saga and WH Smith announce their latest financial results
  • British Chambers of Commerce says the UK economy has been ‘treading water’ since the start of the year rather than ‘powering ahead’
  • RICS says momentum in the UK housing market continues to slow, as buyer demand falls for the twelfth consecutive month
  • Government announces new rules to better protect British holidaymakers when booking their holidays online

Friday 13 April

London Stock Exchange Group names new CEO: The international markets infrastructure business announced the appointment of David Schwimmer as Chief Executive Officer from 1 August, succeeding Xavier Rolet who stepped down in November. Interim Chief Executive David Warren continues with the Group as Chief Financial Officer. 

Other news on Friday

  • Government reveals new rules to prevent bogus holiday sickness claims, which will come into effect before the summer holiday season
  • Report by think tank Reform says many firms are relabelling low-skilled jobs as apprenticeships
  • Klepierre announces it does not intend to make an offer for Hammerson, after its increased takeover proposal was rejected by the Hammerson Board earlier this week
  • Sage Group issues lower than expected revenue growth figures for the six months to 31 March 2018
  • Rolls-Royce says it faced higher than previously expected cash costs connected to problems with its Trent 1000 engines

Find more information on Forward Planner here, and get in touch if you are interested in the service.

Source : Kantar Media

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