Financial News

  • 2 June 2014, 8:06

The Week's Big Business Stories

Once you've caught up on last week's business news, you can get ahead on what's coming up next week with Sky's Week Ahead.

:: Monday, June 2

On Monday at 6.30pm, Sky News launches its new flagship business show, Ian King Live.

Also on Monday, Apple is hosting its Annual Worldwide Developers Conference. The event is often used by the company to launch new products. It is reportedly gearing up to announce a smart home software platform, powered by iPhones and iPads which would allow users to control household appliances with the swipe of a finger.

:: Tuesday, June 3

The Nationwide House Price Index for May is out on Tuesday morning. Britain's biggest building society reported an annual pre-tax statutory profit of £677m, up more than 300% on the figure last year. Chief executive Graham Beale said there could be early signs of a natural correction to house price rises in London, but warned that measures to cool capital prices might have a negative impact elsewhere.

:: Wednesday, June 4

Tesco will release its first quarter sales on Wednesday. The UK's biggest retailer has refurbished a significant number of stores and some analysts think this will stand it in good stead for the future, but these figures are still likely to show a like-for-like sales decline. Watch for more about the appointment of a new finance boss.

:: Thursday, June 5

At 12pm on Thursday, the Bank of England will announce whether it is to raise interest rates or not. The rate has been at a record low of 0.5% since 2009. The outgoing deputy governor Charlie Bean has said that rates could increase to 3% in the next three to five years.

:: Friday, June 6

The United States will release its jobless data for the month of April on Friday. Consumer spending unexpectedly fell 0.1% in April, according to a report by the Commerce Department. The drop was the first in a year, but economists expect it to be temporary

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