His Week the Monetary Policy Committee of the Bank of England Meets to Decide Whether to Cut UK Interest Rates

Sunday Business (London, England), May 6, 2001 | Go to article overview

His Week the Monetary Policy Committee of the Bank of England Meets to Decide Whether to Cut UK Interest Rates


his week the monetary policy committee of the Bank of England meets to decide whether to cut UK interest rates. Strong profits for the first quarter are likely to be announced from oil giant BP Amoco and gas explorer BG Group.

Monday

Events

A European Union committee on agriculture meets in Brussels.

The May Day bank holiday is marked, falling on the first Monday after 1 May.

The World Trade Organisation meets in Geneva.

The committee of the central bank of governors from the 20-member Common Market for Eastern and Southern Africa meets in Lusaka, Zambia.

European Union finance ministers meet in Brussels to discuss the economy, the draft EU 2002 budget and the introduction of the euro currency.

Bank of England governor Sir Eddie George speaks at a meeting of 20 central bankers in Basel, Switzerland.

German federal bank president Ernst Welteke holds a conference on the euro in Frankfurt.

In Ohio, the president of the Federal Reserve Bank of Cleveland, Jerry Jordan, discusses Ohio's economic outlook.

Tuesday

Results

First-quarter results are announced by BP Amoco, while marketing and communications group Incepta releases figures for the entire year

Events

Drugs group ReGen Therapeutics holds its annual meeting in London.

Mining group Anglo American executes a three-for-one bonus issue for shareholders, with the additional shares trading on the London stock exchange today.

Jiang Zemin, the president of China, opens an economic conference in Hong Kong.

Flotation

Computer maintenance specialists PC Medics floats on the Alternative Investment Market, valued at [pound]2.9m.

Data

The Confederation of British Industry releases a survey of regional trends.

The Bank of England releases narrow money (M0) figures for April.

Merger and acquisition data involving UK companies is released by National Statistics.

The British Retail Consortium releases a retail sales monitor for April.

German unemployment figures for April are released by the German ministry of employment.

Wednesday

results

First-half figures are released by Easyjet, ice-cream manufacturer Richmond Foods, software company Sage and conservatory maker Ultraframe.

Full-year results are announced by electronic components group Deltron, nightclub operator Luminar and discount store chain Matalan.

Third-quarter figures are released by BSkyB.

Events

Consumer-products group Uni-lever holds its annual meeting in London.

Trade body, the Association of Train Operating Companies, meets in London.

The monetary policy committee of the Bank of England meets to decide whether to change interest rates, with a decision announced on 10 May. …

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