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UK Insights

Next week’s business highlights from Kantar Media, 12 - 16 March

Sarah Wait

Director of Forward Planning Services

Preview 09.03.2018 / 14:33

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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 (12 – 16 March)

Monday 12 March

Institute of Directors Open House event in London

Superbrands reveals the UK’s strongest B2C Consumer Superbrands and B2B Business Superbrands

Bank of England Governor Mark Carney attends Financial Policy Committee quarterly meeting in London

Stoke v Man City in the Premier League

Tuesday 13 March

Chancellor Philip Hammond delivers his Spring Statement in the House of Commons

CPI Basket of Goods and Services annual review published

MIPIM, The World’s Property Market, opens in Cannes

Man Utd v Sevilla in the UEFA Champions League round of 16 second leg

Wednesday 14 March

Institute for Fiscal Studies present their analysis of the Spring Statement

StepChange Debt Charity launches its Annual Statistical Yearbook

Results announced by Morrisons, Prudential and adidas

YONEX All England Open Badminton Championships begin at Arena Birmingham

Thursday 15 March

Worldwide Cost of Living Index published by the Economist Intelligence Unit

H&M Q1 sales update announced

International Energy Agency Oil Market Report published

US PGA Golf: Arnold Palmer Invitational begins in Orlando, Florida

Friday 16 March

Bank of England’s Financial Policy Committee publishes 2018 stress test scenario details

FTSE UK Index quarterly review changes are applied, with Royal Mail moving into FTSE 100

Samsung’s new Galaxy S9 smartphones become available

Cheltenham Gold Cup horse race


Date for your diary…

5 May 2018

Berkshire Hathaway Annual Shareholders Meeting in Nebraska

 

Week in Review (5 - 9 March)

Monday 5 March

Ofgem imposes ban on catch-up bills: The energy regulator announced it will impose a ban on suppliers backbilling customers for energy used more than 12 months before, saying these ‘shock bills’ cost on average £1,160 to consumers. The new rule comes into effect at the beginning of May for domestic consumers and in November for microbusinesses. 

Other news on Monday:

  • Prime Minister Theresa May urges housebuilders to ‘do their duty’ and build more homes
  • Tesco completes acquisition of wholesaler Booker
  • Trinity Mirror says it will change its name to Reach following acquisition of Northern & Shell's publishing assets
  • Jaguar Land Rover and Cadbury factories in the Midlands temporarily close due to water supply problems
  • Airbus UK Senior Vice-President Katherine Bennett tells BBC the company may have to stockpile parts to operate smoothly after Brexit

Tuesday 6 March

GKN and Melrose bosses give evidence to Business, Energy and Industrial Strategy Committee: MPs held an evidence session on the proposed takeover of GKN by Melrose Industries. It came on the same day the Work and Pensions Committee published a letter from The Pensions Regulator which expressed its concerns about the takeover, while a group of MPs have written to Business Secretary Greg Clark calling for Melrose's bid to be blocked.

Other news on Tuesday:

  • FCA bans former Co-operative Bank Chair Paul Flowers from the financial services industry, while the Treasury launches an independent review of the prudential supervision of the bank between 2008 and 2013
  • Sainsbury's announces it will increase pay for staff and remove bonuses and paid breaks
  • PSA Chief Executive Carlos Tavares tells the BBC that Brexit uncertainty threatens future of Vauxhall plant at Ellesmere Port
  • Just Eat announces a 45% increase in revenues in 2017, but reported a pre-tax loss of £76 million after a non-cash impairment charge of £180 million on goodwill in Australia and New Zealand
  • Full year results announced by Aggreko, IWG, and Lego

Wednesday 7 March 

Philip Hammond delivers speech on financial services post-Brexit: The Chancellor spoke at an event in London, arguing for 'mutual recognition' between financial services across Europe and saying financial services must be included in any trade deal after the UK leaves the European Union in March 2019.

Other news on Wednesday:

  • New Look reveals plans to close 60 stores and reduce rents at a further 393 stores as part of a proposed Company Voluntary Arrangement
  • Rolls-Royce, PageGroup, Legal & General and The Restaurant Group issue their latest results
  • Ofgem unveils proposals to reduce £5 billion from household energy bills
  • Advertising Standards Authority bans secondary ticketing agencies from using ‘misleading’ price strategies
  • Co-Op launches Pay In Aisle Technology, enabling consumers to scan and pay for items using their smartphones

Thursday 8 March

John Lewis Partnership announces annual results: Pre-tax profits fell by 77% in 2017 compared to the previous year for the John Lewis and Waitrose group, with 85,500 staff receiving a Partnership Bonus of 5% of their salary. Financial results were also released by Aviva, Conviviality, Countrywide, Domino’s Pizza, and G4S.

Other news on Thursday:

  • British Chambers of Commerce Director General Adam Marshall tells delegates at the BCC annual conference that an 'ambitious growth plan for UK is more important to business than Brexit'
  • On International Women’s Day, TUC analysis of gender pay gap figures shows the average woman effectively 'works for free' for the first 67 days of the year
  • British Retail Consortium's Annual Retail Crime Survey reveals rise in total direct financial cost of retail crime and in severe violent incidents against staff
  • Lloyds Banking Group commences £1 billion share buyback programme
  • Grocery Code Adjudicator launches investigation into Co-operative Group     

Friday 9 March 

Office for National Statistics releases latest short term output indicators: ONS figures showed that the UK trade deficit widened by £0.6 billion in January compared to the previous month. UK total production increased by 1.3% and construction output decreased by 3.4%, the largest monthly fall since June 2012.

Other news on Friday:

  • NIESR reports GDP growth of 0.3% in the three months to February, down from 0.4% in the three months to January
  • Government names nearly 180 employers who are underpaying thousands of minimum wage workers
  • Institute of Directors announces suspension of Chair Lady Judge amid 'racism and sexism' allegations
  • Latest financial results published by Inmarsat, GVC, and SIG
  • Final weekly print edition of NME is published, after its publishers said on Wednesday that it 'is no longer financially viable'

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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