The key business events happening this week
14 young Irish people will compete at Cannes Lions International Festival of Creativity
Young Cannes Lions who will represent Irish advertising at this year’s Cannes Lions International Festival of Creativity . Photograph: Chris Bellew/Fennell Photography
Indicators: Euro zone construction output (April)
Meetings: Cannes Lions Festival advertising industry competition (week-long event)
Results: Adobe, FedEx, SAS
Indicators: German PPI (May)
Meetings: Naturex AGM; EBA Day (Euro Banking Association) on payments and transactions (Convention Centre Dublin)
The top 80 of the world’s leading experts in banking are due to attend this week’s Euro Banking Association Day in Dublin, beginning on Tuesday.
Unsurprisingly by now, dominant themes will focus on the future of banking in an era increasingly forged by Brexit fallout and shifts in the regulatory environment.
“The event will also comprise new developments in banking, including artificial intelligence and improvements to payment channels,” organisers say.
The conference and exhibition spans two days with 50 stands launching new products. It follows last year’s congress in Milan and will examine the practical compliance requirements of operating in a Single Euro Payments Area and “deal with the critical strategic questions that banks must address if they are to prosper in the new business environment”.
Results: Berkeley Group
Indicators: UK public sector net borrowing (May); US mortgage applications (June), home sales (May)
Results: Accenture, Barnes & Noble
Indicators: Euro zone consumer confidence flash (June); UK industrial trends orders (June); US jobless claims (June); house price index (April)
Meetings: ECB general council meeting; End2End Supply Chain Conference 2017 on various sectors including healthcare, tech, food and drink and retail (Radisson Blu Hotel, Dublin 8)
Indicators: Euro zone composite, manufacturing and services PMIs flash (June); UK mortgage approvals (May); German composite, manufacturing and services PMIs flash (June); US manufacturing PMI flash (June), new home sales (May).
Meetings: First Derivatives agm.
Traditionally home to the cream of the film industry, Cannes may just help unearth the best of the Irish advertising industry as tens of thousands of industry heavyweights descend on the French Riviera.
Throughout this week, 14 Irish “Young Lions” will compete at the Cannes Lions International Festival of Creativity representing a range of disciplines including marketing, PR, social media and advertising.
The event is a hotbed of global advertising. “It’s 17,000 people there to do business, and among them are the biggest advertisers in the business,” says Tania Banotti, chief executive of the Institute of Advertising Practitioners in Ireland.
The young Irish competitors – who won their domestic qualifier – will pit themselves against the world’s best when small teams compete in creating world-class advertising campaigns for a major charity in just 24 hours, with no access to help and under the supervision of the Cannes judges.
The week-long event, which is 60 years old, culminates in the Young Marketers award on Friday and the film award on Saturday.
It is an opportune time for Irish advertising, says Ms Banotti, particularly if any of the Irish contestants win an award. The gongs help create a buzz around our relatively small industry and can be useful in attracting major international business.
While welcoming major advertisers, Cannes also pulls in media and creative agencies and big tech.