A new report by KPMG for the Department of Transport suggests privatising the Ship Register would help attract more shipping companies to Britain. UK shipping accounts for less than 1% of global tonnage and the UK-registered fleet has shrunk by 18% in the past five years. The report claims a part-privatisation would give British shipping greater commercial freedom and could help the country compete on the global stage after Brexit. Share Radio's Robert Van Egghen reports on Britain's return to the open waves.
New figures show that the arm sales industry in the UK last year increased 2.8%. BAE Systems, the biggest manufacturer here in the UK and third biggest worldwide saw sales rise to 25.5 billion dollars, in part from Typhoon combat aircraft exported to Saudi Arabia. Share Radio's James Brydges has been speaking to Aude Fleurant, from the Stockholm International Peace Research Institute, that compiled the figures.
Concerns have been raised after the National Grid decided to sell a majority stake in its gas division. A consortium led by Australian bank Macquarie will buy a 61% stake in the UK's gas infrastructure network, that values the business at about £13.8bn. But public services union, Unison, says that their tax structure is an area for concern, and that profits will take precedence over maintaining the pipelines. James Brydges spoke to Matthew Lay from Unison, but first heard from Dr Jonathan Marshall from the Energy Intelligence unit.
Helen Thomas, Managing Director of BlondeMoney, joined Share Radio Breakfast for the first instalment of her new slot each Friday. She's a blogger, worked in the city for George Osborne, and loves policy, politics and finance. This week, Helen discusses Mario Draghi and the ECB meeting on Thursday. The ECB president warned of a year of 'big uncertainty' for the Eurozone as voters go to the polls in Germany, France and the Netherlands.
Analysts say that Glencore could add an extra £63m a year to profits after buying a 19.5% stake in Russian energy giant Rosneft for £8.6bn. One of the key conditions was Glencore agreeing to sell 220,000 barrels of Rosneft’s oil a day over the next five years. It comes as Russian president Vladimir Putin tries to plug a budget deficit by privatising state assets. James Brydges spoke to Michael Moynihan, Research Director for Russia at Wood Mackenzie, to find out more.
McDonald's is to move its non-US tax base from Luxembourg to the UK, the company has said. The new holding company will pay UK tax on the royalties the firm receives outside the US. McDonald's said it had chosen the UK due to the "significant number of staff" it has in London. The Luxembourg tax affairs of the burger giant are currently under formal investigation by the European Commission. Clive Gawthorpe, Tax partner at UHY Hacker Young, joined Share Radio to discuss the move.
The European Union has started legal action against seven nations, including the UK and Germany, for failing to take action against Volkswagen for cheating emission tests. The German car giant has had huge fines in the US over its use of "defeat devices" used to hide true levels of emissions. More than one million cars in the UK are involved, and Paul Simpson, CEO OF CDP, who run global disclosure systems for investors and companies to manage their environmental impacts, joined Share Radio to bring the latest.
The historic Brexit legal challenge has drawn to a close. And it did so with a reminder from the Supreme Court that it will not "overturn the result of the EU referendum". A decision is expected by early January. To look into the key findings from the case, George Peretz QC from Monckton Chambers joined Share Radio.
Almost a year late, investors in Hong Kong can now buy stocks on the Shenzhen Stock Exchange. HK has long been a traditional gateway to the rest of mainland China. This Hong Kong-Shenzhen Connect, is an important milestone in further opening up the Chinese market. Shenzhen is Asia's busiest exchange with a monthly turnover of more than a trillion dollars. To look into this further, Paul Lynch, of Itarle, which is active on exchanges in the region, joined Share Radio Breakfast.
Every year, TIME editors select the individual or idea that has most influenced the news and the world. The winner this year is President-elect Donald Trump, who beat ten other finalists, including his Democratic rival, Hillary Clinton. He has described being named Time magazine's Person of the Year as a "great honour". Trump will be President of the United States in just over 6 weeks time, but what are his priorities for the US economy? Share Radio's James Brydges has been hearing from Dr Pippa Malmgren, former economic adviser to George W Bush.