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, July 7
On Monday, the World Gold Council is seeking input from the gold industry on how to update the 95-year-old London gold fix. The fix occurs twice daily at 10.30 am and 3 pm. Four banks set the price, Barclays, HSBC, Soci? G?rale and Scotiabank. The city regulator has stepped up scrutiny of the precious metals markets, following the Libor scandal and probe into foreign exchange market abuse involving banks.
:: Tuesday, July 8
Marks and Spencer hosts its AGM on Tuesday when it will also update on trading. There is likely to be contention over pay. Shareholder advisory group, Pirc has called the awards available "potentially excessive". Marc Bolland took home £555,000 less in 2013/14 after missing out on a bonus for failing to meet targets. Some think that Laura Wade-Gery brought in to revive M&S's digital side and is now to run its UK retail business is being lined for the top job.
:: Wednesday, July 9
The new Sainsbury's chief executive starts work on Wednesday. Mike Coupe, currently the commercial director will take over from Justin King who has been at the supermarket for 10 years. He joins as sales dropped 1.1% in the three months to June 7, the second fall in a row following 36 quarters of growth.
:: Thursday, July 10
Bitcoins are coming to London on Thursday. CoinSummit takes over the East Wintergarden in Canary Wharf. The event hopes to bring together big names in the world of the virtual currency, including the man dubbed the "Bitcoin Jesus" for his evangelism over the coins.
The Monetary Policy Committee announces if it is to raise interest rates from the historic low of 0.5%. At the last meeting the committee voted 9-0 in favour of keeping rates the same but policy makers have started to intimate rates may rise sooner than expected.
:: Friday, July 11
The International Energy Agency releases its monthly report on the oil market on Friday. This month's release also contains projections to the end of 2015 so it should show whether the crisis in Iraq and Syria is feeding through to the forecasts. Prices in recent weeks have been driven by concerns that violence would disrupt supply.
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