The Week's Big Business Stories
Sky's Naomi Kerbel offers a round-up of what's been and what is coming up in the week's business news.
:: Monday, May 12
British Gas owner, Centrica will host its Annual General Meeting on Monday. Last Thursday it reduced its earnings outlook for 2014, blaming a mild winter. The average British Gas residential energy bill was around 10% lower this winter than last. But despite the squeeze on profits, Centrica has said it expects to leave household energy prices unchanged for the rest of the year.
:: Tuesday, May 13
On Tuesday, MPs will quiz the bosses of Pfizer and AstraZeneca as well as the Business Secretary Vince Cable over a proposed takeover bid of the UK company by its US rival. Pfizer now has until 26 May to either announce a firm intention to make an offer for AstraZeneca or announce that it does not intend to bid.
:: Wednesday, May 14
The Bank of England will release its quarterly inflation report on Wednesday. The Governor Mark Carney will set out inflation projections and may modify the Bank's forward guidance policy. Rates have been kept on hold at 0.5% since 2009.
:: Thursday, May 15
Dixons, which owns the Currys and PC World brands, will release its full-year trading statement on Thursday. Sky News has revealed that Carphone Warehouse and Dixons Retail are poised to set the seal on a £3.7bn merger of equals that will create one of Britain's biggest high street groups.
:: Friday, May 16
On Friday, Bovis Homes Group releases its interim results. Housing construction grew for a 15th month in April, the longest period of continuous growth since 2006-07 according to the Markit/CIPS construction PMI.
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