Vanessa Kortekaas highlights the key stories the FT will be watching this week, including Tuesday’s House of Commons vote to decide on Theresa May’s Brexit withdrawal deal, and a European Central Bank meeting
Here’s some of the top stories were watching this week all eyes will be on the uk’s house of commons as mps vote on the brexit deal the european central bank will meet to discuss plans for 2019 and we’ll find out how inditex the world’s largest clothing retailer is faring let’s start in the uk where members of parliament are set to vote on the brexit deal two
And a half years after the eu referendum took place on tuesday mps will vote on whether to accept or reject prime minister theresa mais withdrawal agreement with the eu but in the face of huge opposition the government is likely to be defeated many so-called brexit errs within mrs. mais own party as well as the democratic unionist party that is propping up her
Minority government have vowed to vote against the deal their main concerns center around the backstop in the agreement which is designed to avoid a hard border between ireland and northern ireland then skeptics believe it will force britain into close ties with the eu for the foreseeable future so what can we expect after the vote next week well here’s our
Political correspondent laura hughes with more already mps and political commentators are speculating over what might happen when the deal is defeated next tuesday as we all suspect it will be well there are a number of pathways that the prime minister could take she could seek to amend her deal and come back to mps within 21 days and give them a second chance
To vote for or against her deal equally there will be some mps calling for her to take a path that might lead towards a no deal brexit when the vote is defeated if it is on tuesday mps will focus on two different scenarios one they will look at whether or not they can amend the deal so that it looks a bit more like a norway style arrangement with the eu and then
There will be others perhaps even labour who will look at the possibility of a second referendum which would give the people a vote on the prime minister’s deal but as it stands it’s very hard to predict what will happen now it’s a big week for the euro the european central bank is set to explain how they plan to support the region’s economy without one of the
Most crucial elements of their crisis era stimulus devising on thursday ecb president mario draghi is likely to say that credit will remain much cheaper than in other parts of the world such as the u.s. even though investors in the region’s bond markets will have less support from policymakers the likely end to the expansion of the two point six trillion euro
Bond buying qe program comes as growth is full tering across the 19 member states that use the euro currency growth was at its lowest level in four years in the fourth quarter and many economists think that the region’s third largest economy italy is now headed for a recession here’s our frankfurt bureau chief clare jones with more so this week we’ll see a really
Really important meeting here in frankfurt the european central bank’s policy makers are set to gather here on thursday morning when they’ll begin serious discussions about what the strategy for 2019 would be the law most certainly also confirm that they plan to end quantitative easing at the end of this year when it comes to 2019 the ecb needs to say that it is
Stepping back that it will begin to ditch some of its monetary stimulus but it also needs to convince investors that it won’t head for the exit too quickly and finally spanish fashion conglomerate into tax is due to unveil its third quarter results on wednesday the world’s largest clothing retailer best known for its zara brand has had a tough time on the market
In the past 18 months with worries about its margins and weak emerging market currencies pushing its shares down over 20% but the company’s sales were still up three percent during the first half of this year and investors will be keen to see if inditex continues to be one of the few winners of clothing retails rapid shift online despite having 49 online markets
It is so far limited cannibalizing sales at its over 7,000 stores around the world our retail correspondent jonathan healy explains in detects the owner of zara has been one of the stars of the fashion industry recently investors love its short supply chain business model its ceo has been praised to the skies in a harvard business review two-thirds of analysts
Race its shares of bi but nothing stays still in this sector for long and even this company is not immune from the challenges it used to be the case that if you expanded he wanted to grow sales you simply opened more shops that’s no longer the case you can also expand online these days which can grow sales very quickly but requires heavy investments in it in
Logistics requires whole new skill sets in marketing and presentation and there are concerns that that dilutes margins inditex has been phenomenally successful in recent years but nothing stands still and it will have to work very hard to maintain that record and that’s the week ahead from the financial times in london
Transcribed from video
Brexit deal vote, ECB meeting, Inditex results By Financial Times
