Financial News

  • 7 April 2014, 10:49

Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news.

: Monday April 7

Results from the Co-Operative Bank are expected no later than Tuesday. In late March, the bank said it expected to report a full-year pre-tax loss of £1.25bn.

In 2013, the bank was hit with an estimated £400m in legacy payment protection insurance (PPI), interest rate swaps and other consumer credit mis-selling claims, in addition to its previous £1.5bn funding gap.

:: Tuesday April 8

Kantar Worldpanel publishes its latest grocery market share figures on Tuesday. This reveals who is top in the supermarket wards and what customers are spending their grocery pennies on. 

:: Wednesday April 9

Have you made a complaint against your bank? On Wednesday, we'll see how many did when the city regulator, the FCA publishes details of the complaints received by banks, insurers, lenders and other firms.

Barclays was the worst performing bank in the first half of 2013 and the most complained about product was payment protection insurance.

:: Thursday April 10

All eyes on Marks & Spencer on Thursday. The company recently announced that it will look overseas to boost profits amid struggles in its UK home market. It will open 250 stores outside the UK, including 100 outlets in India and dozens of food stores in France.

:: Friday April  11

Samsung's Galaxy S5 smartphone is expected to go on sale today.

The device is the follow-up to last year's successful S4 and features a fingerprint scanner, a 16-megapixel camera, and a personal fitness tracker which includes a heart rate monitor and pedometer.

There are rumours that it could also come with eye-scanning technology.

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