Email not displaying correctly? View it in your browser.

A word from the CBCC Chairman

Welcome to the third edition of 'Czech this out', the Czech British Chamber of Commerce e-newsletter.

Let me start with a cordial invitation to multiple events taking place this autumn.

These events offer fantastic opportunities to network with many Czech and UK companies. They also include our traditional Annual Dinner, held in The May Fair Hotel, and an exclusive wine, spirits and beer tasting evening organised in cooperation with 15 Chambers of Commerce in London. You can find more details below.

In addition, we are pleased to bring you an overview of key market themes over the past couple of months, courtesy of Goldman Sachs, which we hope you will find useful.

Happy reading and enjoy the rest of the summer!

Ladislav Hornan
Chairman, Czech British Chamber of Commerce

CBCC Annual Dinner

Join us for the 9th CBCC Annual Dinner, held on 9 November 2017, in The May Fair Hotel, which traditionally brings together leading business executives and members of the diplomatic community in the UK for an exclusive evening of networking and entertainment.

Click here for more information.

Sponsored by
Great opportunities to network with Czech companies

Check out several upcoming events where you can meet many Czech companies coming to the UK to present their business. From offshore industry technologies, through designs and installations, defence services to life sciences, FinTech and ICT, there will be something for everyone!

Find out more details here:

Czech offshore industry presentation
DSEI 2017 Trade Fair
Decorex International
Central European Start-ups Day

CBCC teamed up with 15 foreign Chambers of Commerce in London for this exclusive event!

During this multicultural evening you will be able to network with a lot of members and friends of various Chambers of Commerce in London while sipping fantastic beverages from all over the world!

Click here for more information.

Sponsored by

Goldman Sachs market update
  • Confidence crippled in the US. The University of Michigan’s index of consumer sentiment fell to 93.1 in the preliminary July report, a 9-month low. The survey’s expectations component led the decline, falling to 80.
  • Canada stepped into the spotlight when the Canadian Central Bank hiked rates for the first time in 7 years by 25bps to 0.75%, despite recent soft inflation data.
  • UK data slipped; the pace of UK inflation slowed to +2.6% year-over-year, below consensus estimates of +2.9% year-over-year, as fuel prices fell.
  • The International Monetary Fund (IMF) fine-tuned its projections in its latest World Economic Outlook, leaving global growth estimates unchanged at 3.5% in 2017 and 3.6% in 2018, but revising US forecasts down to 2.1% for 2017 and 2.1% for 2018.
  • China green shoots were watered by industrial profits that exceeded expectations (+19.1% year-over-year in June); profit growth was faster in most automotive and machinery manufacturing industries, such as electrical machinery and equipment manufacturing, automobile manufacturing, and general equipment manufacturing. 
  • Russia’s Yandex (YNDX) announced it will team up with Uber on ride-hailing in Russia and several other Eastern European countries under a new, yet-to-be-named company.
  • Security stocks let the bears in through the gates as CyberArk (CYBR) negatively pre-announced 2Q total revenue of $57 to $57.5 million (+13% to 14% year-over-year), 7% below the midpoint, pinning the blame on pushout of a few large 7-figure deals in the UK and Northern Europe.
  • Netflix (NFLX) proved its chill last week, up +14% after reporting earnings of $2.78 billion, exceeding expectations of $2.76 billion. Total subscriber net adds came in at 5.2 million, well above consensus of 3.2 million.
  • China Internet names continued to climb the Great Wall of worry, with names such as Tencent (700 HK) and Alibaba (BABA) reaching new all-time highs on substantial volumes, surrounding headlines that the state-run investing agency has become a significant shareholder.
  • Twitter (TWTR) saw a viral move lower, down -17% after failing to demonstrate sustained user growth in its recent quarter (2Q monthly active user growth of +5% year-over-year to 328 million users, a deceleration from +6% growth in 1Q). 
We are looking for new voluntary members of the CBCC Executive Committee! Register your interest with

Would you like to become a CBCC member
Email your enquiry to to find out more details about membership benefits.
We want to hear your views - please take a moment to complete our five-minute survey! Click here to access it.
Copyright © 2017 CZECH BRITISH CHAMBER OF COMMERCE, All rights reserved.
Our mailing address is:
UHY Hacker Young LLP, Quadrant House, 4 Thomas More Square, London E1W 1YW

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list


This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
Czech British Chamber of Commerce · 4 Thomas More Square · London, E1W 1YW · United Kingdom

Email Marketing Powered by Mailchimp