Coming up this week 25-31 March 2013

Coming up this week - 25-31 March 2013

25 March 2013

Welcome to Unite’s brief on what’s coming up this week.


It is a quieter week as the Easter bank holiday weekend approaches but if you can’t wait for chocolate eggs on Sunday it is international waffle day today, although on a more serious note it is also the - International day of remembrance of the victims of slavery. This year’s theme ‘Forever Free: Celebrating Emancipation’ pays tribute to the emancipation of slaves in nations across the world and in particular it is 220 years since France’s emancipation decree liberated slaves in modern day Haiti, 180 years since Canada abolished slavery. Slavery was also abolished 165 years ago in France; 160 years ago in Argentina; 150 years ago in the Dutch colonies; and 125 years ago in Brazil and it is also the 150th anniversary of the Emancipation Proclamation in the United States.


 Politics and parliament

Coming up in parliament: It’s a quiet week in Westminster as parliament is only sitting for a few days before MPs and Lords break for the Easter recess. The week opens with home office questions, will Theresa May be trying to raise her profile further, after that the budget debate continues while the Lords deal with the dire bills on benefits and workfare. Tuesday is MPs last day before the recess and opens with questions to deputy prime minister Nick Clegg, will anyone be there to listen? Tuesday also sees the finance select committee quizzing the OBR over its forecasts and chancellor George Osborne over his budget, with the 2016 tax rise, £9 billion budget hole and second home supplement for millionaires how many U-turns will he have made by then?


House of Commons: Home office questions (14:30); Budget debate: Housing; Adjournment debate: Energy intensive industries - Andy Sawford

Select committees: Public Accounts: Subject: Funding new school places (15:30); Treasury: Budget 2013 (16:00); Communities and Local Government: Private rented sector (16:10);

House of Lords: Questions: Spending on infrastructure projects – Lord Hollick; The definition of poverty in the UK - Baroness Seccombe (14:30); Legislation: Welfare Benefits Up-rating bill - Third reading; Jobseekers (Back to Work Schemes) bill – Third reading


House of Commons: Questions to the deputy prime minister (11:30); Backbench business: (i) Flood insurance (ii) Pre-recess adjournment;  Adjournment debate: Energy infrastructure and the UK supply chain - Peter Aldous

Select committees: International Development: Global Food Security (09:30); Treasury: Budget 2013 (10:00) with Robert Chote and also (at 14:15) with George Osborne; Home Affairs: The work of the UK Border Agency (15:00)

House of Lords: Introductions: Martha Lane Fox and Michael Berkeley (14:30); Legislation: Growth and Infrastructure bill - Third reading; Justice and Security bill – Commons amendments


House of Commons:
Not sitting - The Commons
will next sit on Monday 15 April

House of Lords: Questions: Increasing quantitative easing by £25 billion - Lord Barnett (11:00); Legal Aid, Sentencing and Punishment of Offenders Act 2012 – Motion to approve; Orders and Regulations; Civil Legal Aid (Procedure) Regulations 2012 – Motions to Regret

The Lords will next sit on Monday 22 April

  Economics and government data

Government and economy: The week opens with a housing theme with the latest house price index and mortgage approvals, Wednesday will see if there are any revisions to the poor GDP figures from the end of 2012 while Thursday highlights labour productivity and also consumer confidence, is spending being squeezed ever further?

 Companies: Monday could be miserable as the Daily Mail reveals a trading update, whatever the case Dacre should get a big bonus, Tuesday sees the high street in the spotlight with Domino’s Pizza due to hold its AGM while on Wednesday banking is back in the spotlight with Allied Irish due to report while for those that want to get away from it all TUI gives a trading update.



Data: Nationwide House Price
Index  (07:00); BBA Mortgage Approvals (09:30);


Interims: Finsbury Food; Infrastrata


Finals: Vislink


Trading update: Aberdeen Asset Management; Daily Mail & General Trust; GB Group


Data: CBI realised sales (09:30)


Domino’s Pizza


Finals: Abbey Protection; Corac; Faroe; Kingfisher; Resolution; RTC; Vindon Healthcare


Trading update: Compass Group


Data: UK final GDP; UK current account; UK balance of payments (09:30)


Interims: Proactis


Finals: Allied Irish Bank; Boot; Cathay;


Trading update: TUI


Data: GfK UK consumer confidence (00:01); UK labour productivity; UK index of services (09:30); US GDP; US unemployment rate (12:30)’


Finals: Hilton
Food Group; SIG


Trading update: Electrocomponents; Tate & Lyle


Good Friday
Bank Holiday


AGMs: Public Power; United Bank


Finals: Chesnara

 Market data

Last week was yet another fun week on the markets as the ramifications of the on-off Cypriot bailout hit markets around the world. Even today’s Monday bailout deadline set by the ECB failed to stem fears and most exchanges dipped over the course of the week, although thanks to the more recent advances they still remain higher than a month ago. The FTSE dropped over 80 points  - falling every day last week - to 6,404.93 while the DAX was more strongly hit sinking to 7,918.85. The Nikkei and Dow were also down.

Stock markets





22 Mar 2013

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Unite takes no responsibility for accuracy

 With the Cyprus crisis the euro had a poor week dropping against the dollar and sterling and the pound survived a supposedly neutral budget which is starting to unravel but maybe saved by the proximity to the Easter break.

With worries over economies, bailouts, budgets and bankruptcy, commodities became the focus of some investors with gold regaining levels last seen at the start of the year, oil however remained subdued as confidence in the global economic recovery remain fragile.

This week the market will either breathe a sigh of relief as a deal is done over Cyprus’ bad banks or face turmoil as the country could possibly exit the eurozone, not a good week to be speculating…

 Edited by Mik Sabiers

Note: Unite takes no responsibility for the accuracy of any of these figures or for any use to which figures may be put. The data is for general information and enjoys indicative status only. Market data does not constitute any form of advice, recommendation or arrangement by Unite and is not intended to be relied upon by anyone in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.