Georgie Frost was joined by Rachel Springall, personal finance expert at moneyfacts.co.uk this morning. Today on the agenda, they discussed why BT has agreed to legally separate from its Openreach division. Plus they look into how Lego has recorded its highest revenues in its 85-year history. . All these stories and more on The News Review.
To go through all the political headlines this morning with Georgie Frost was Ryan Heath, Senior EU Correspondent at POLITICO starting with the EU Leaders Summit. Theresa May was there and came to the defence of her Chancellor in a speech at the Summit. She has delayed the introduction of controversial National Insurance rises which has caused quite a stir over here. This was supposed to be the PM's last Summit before the triggering of Article 50. How is she treated among European leaders knowing she won't be there long term?
Joining Georgie Frost to discuss the latest market headlines was Share Radio's very own Nigel Cassidy starting with Lego. Their success has been quite remarkable. But the big market story of the morning is BT and Ofcom. They've reached an agreement on future governance of Openreach. Nigel explains what has been decided.
New research conducted by Halifax has found that 'homeowners in one in three UK areas earn more from bricks and mortar than the day job'. Halifax suggests that average house prices have increased by more than the total average of employees' net earnings. So what impact does this have on homeowners and potential buyers? Martin Ellis, housing economist at Halifax joined Nigel Cassidy to give his analysis.
The anti-secrecy website Wikileaks has published thousands of the CIA's secret documents, including what it says are it's hacking tools. Founder of Wikileaks, Julian Assange said that, after some thought, he will give technology companies exclusive access to these cyber-weapons, so that they can be defended against. This has caused quite some embarrassment for the CIA, as the agency who is supposed to protect us, is somewhat unprotected. Joining Nigel Cassidy is Jason Murdock, Technology and Cybersecurity reporter with the International Business Times to discuss further.
British citizens should be able to keep various benefits of EU membership including freedom of movement after Brexit, the European parliament’s chief negotiator has said. Guy Verhofstadt said Britons could be allowed to keep certain rights if they applied for them on an individual basis. “All British citizens today have also EU citizenship. That means a number of things: the possibility to participate in the European elections, the freedom of travel without problem inside the union". Joining Nigel Cassidy is Chris Bailey, Founder of financial orbit to discuss today's top finance news.
Tom Carroll, Director at Sanlam FOUR, joined Share Radio's Ed Bowsher to look at today's most important economic stories. They talked about Chancellor Hammond facing criticism from Tory MPs over a planned national insurance rise for self-employed; the ECB leaving interest rates and QE unchanged; UK pay growth being at its worst level since the Napoleonic Wars; Pret A Manger facing a staffing crisis because of Brexit.
Profits at Morrisons have risen 40% but why is the share price is down 6%? Plus John Lewis has cut staff bonus for fourth year in a row and Countrywide shares slump to an all-time low. For more on the latest company news, Share Radio's Ed Bowsher spoke with Richard Hunter of Wilson King Investment Management.
Amongst the spending pledges made by the Chancellor in this year's Budget we've heard millions will be set aside for research into futuristic technologies such as biotech, driverless cars and robotics. Money will also be put into a 5G network and supporting education in the STEM industries- science, technology, engineering and mathematics- with funding for 1,000 new PhD and fellowship positions. To discuss the investment Georgie Frost was joined by Dr Cian O'Donovan, research fellow at the Science Policy Research Unit.