Financial News

  • 14 April 2014, 9:53

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 14

At some point in April, a review into banking standards is expected. The aim is to make bankers better behaved and more accountable.

Sir Richard Lambert is overseeing the review, having been asked by the chairmen of Barclays, HSBC, Lloyds, Royal Bank of Scotland, Santander, Standard Chartered, and Nationwide to set up an independent body to raise standards.

The new body should be in place by the end of 2014.

:: Tuesday April 15

On Tuesday, we will get the latest UK inflation figures for March.

Last month a fall in petrol prices pushed the UK inflation to a new four-year low of 1.7%. It was the second month the consumer price index has dropped below the Bank of England's 2% target.

:: Wednesday April 16

Tesco will release its full-year results on Wednesday.  Analysts predict the UK's biggest supermarket will announce a 10% decline in trading profit to £3.2bn.

There are rumours that it is thought to be considering a high street takeaway food chain to ramp up sales.

Research firm Kantar Worldpanel recently showed that Tesco's share of UK grocery spending declined from 29.7% in the 12 weeks to March 30, compared to 28.6% on the year before.

:: Thursday April 17

Co-operative Group annual results are expected at some point this week.

The UK's largest mutual retailer with interests in food retailing, pharmacies, funeral services, travel, banking and insurance was originally due to update the market on March 26, but the group has been beset by boardroom battles and its banking arm reported a £1.3bn loss for 2013. 

:: Friday April  18

The financial markets will be closed on Good Friday.

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