Archie Norman has been announced as the new Marks & Spencer chairman. Does this, as well as the appointment of Jill MacDonald earlier this week as Head of Non-food, mean that the previously troubled chain is turning around? Ed Bowsher was joined by Craig Erlam, Senior Market Analyst at Oanda to discuss this and more of the day's corporate news.
Lloyd Blankfein, the boss of Goldman Sachs, has said that the City could stall because of Brexit risks, and is pushing for a transitional period in Brexit negotiations to protect jobs and ensure stability. To discuss this and more of the day's big macro news, Ed Bowsher was joined by Vicky Pryce, from the Centre for Economics and Business Research
Service sector PMI has hit a 4 month high in data released today, up from 55 to 55.8. Meanwhile, the automotive sector has had worse news, seeing a 20% fall in new car registrations last month. To discuss this and more of the day's big macro news in more detail, Ed Bowsher was joined by Simon French, Chief Economist at Panmure Gordon.
Sainsbury's today reported a full-year profits fall of 8.2%, even after the successful acquisition of Argos owner Home Retail Group, prompting its share price to slide. For more on this and the latest corporate news, Ed Bowsher was joined by Chris Bailey, founder of FinancialOrbit.com
The pound and the markets were down this afternoon - could it be in part because of the new Brussels Brexit Bill, hoisted now to €100bn? To discuss further, and talk about more of the latest macro news, Ed Bowsher was joined by Matthew Yates of 7IM.
Trump sends US dollar down after saying 'it's getting too strong'
Steve ClarkeOriginal Broadcast:
Share Radio Afternoon
Trump's latest remarks about the US dollar strength has triggered a currency drop, and in an interview he also said his administration will not label China as a 'currency manipulator', contradicting a promise made during his campaign. To discuss this and today's other major economic stories, Share Radio's Steve Clarke was joined by Adrian Lowcock, Investment director at Architas.
UK inflation stayed steady at 2.3% in March, following rises in recent months. The biggest month-on-month rises were in food, but the figure was held down by low air fares. Given that inflation is above the Bank of England's 2% target, does that mean that the Bank will want to act soon and raise rates? And was last summer's cut to 0.25% a mistake? Ed Bowsher was joined by Ruth Gregory, UK Economist at Capital Economics to discuss further.
UK inflation has kept steady at 2.3% the latest data reveals. To understand the impact this will have on UK prices, and more of the big news of the day, Ed Bowsher was joined by David Stubbs, Global Market Strategist at JP Morgan Asset management.
Trump has launched the first military action of his presidency at a Syrian regime airbase, we discussed what the markets reaction has been. Plus, UK industrial production suffered a contraction in February and the house price growth is at his lowest in nearly four years. For all the major economic news, Share Radio's Ed Bowsher was joined by Alastair McCaig, Director of Investment Management at Fern Wealth.
Unilever has unveiled measures to boost investor support after the failed Kraft Heinz bid. Plus, the US Federal Reserve wants to start reducing the number of bonds on its balance sheet this year. For these and today's other economic news Share Radio's Ed Bowsher was joined by Jasper Lawler.