<\/p>\n
Big week: EWIT chair Jonathan Simpson-Dent<\/p>\n
A big week lies ahead for an embattled investment trust, while the banks will be issuing their first trading updates since the outbreak of war in the Middle East.<\/p>\n
Shareholders in Edinburgh Worldwide Investment Trust will vote again on whether to back the board or a New York hedge fund which wants to install three nominees.<\/p>\n
Saba Capital Management, which owns about a third of the trust, last week issued an open letter to fellow shareholders in which it accused the trust\u2019s chair of spreading misinformation.<\/p>\n
The trust says a vote against Saba will reaffirm support for the company\u2019s strategy, while still providing those seeking liquidity with an exit through a tender offer after the AGM.<\/p>\n
Barclays, Lloyds and NatWest are expected to update on the impact of the Iran conflict which has raised costs across the business world.<\/p>\n
It has also put a brake on interest rate cuts and the Bank of England\u2019s monetary policy committee is expected to hold the borrowing rate at its meeting on Thursday.<\/p>\n
DIARY\u00a0<\/p>\n
Tuesday\u00a028 April\u00a0<\/p>\n
Full-year results from\u00a0Card Factory<\/p>\n
Trading statements from\u00a0Barclays\u00a0and\u00a0BP<\/p>\n
AGM NatWest<\/p>\n
Wednesday\u00a029 April\u00a0<\/p>\n
Full-year results from\u00a0Evoke\u00a0<\/p>\n
Trading statements from\u00a0AstraZeneca,\u00a0GSK, Haleon\u00a0and\u00a0Lloyds\u00a0<\/p>\n
US\u00a0interest rates\u00a0<\/p>\n
In the US, quarterly results from\u00a0Alphabet, Microsoft, Amazon, Meta Platforms\u00a0<\/p>\n
Thursday 30 April\u00a0<\/p>\n
First-half results from\u00a0Beazley\u00a0<\/p>\n
Trading statements from\u00a0Endeavour Mining\u00a0and\u00a0Standard Chartered\u00a0<\/p>\n
AGM Edinburgh Worldwide Investment Trust<\/p>\n
UK interest rates\u00a0<\/p>\n
Eurozone CPI inflation<\/p>\n
Eurozone interest rates<\/p>\n
\t #EWIT #vote #heads #bank #updates #rate #hold #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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