Joining Sue Dougan to go through the latest market headlines was Nigel Cassidy and it's been a busy morning of company announcements. We've heard from a number of major companies. Starting with Morrisons and Next.
London mayor Sadiq Khan has formally opened the hunt for London's first ever chief digital officer, in line with a commitment in his manifesto. Khan says the position will have a responsibility for overseeing growth in the sector and increasing "digital inclusion" across the capital. Figures from Oxford Economics show that London is home to more than 40,000 digital tech firms, which collectively employ roughly 250,000 people.
The EU’s chief Brexit negotiator Michel Barnier says it was wrong to suggest Brexit would be a fast and painless process with no impact on people’s lives. He's highlighted the rights of EU citizens, the final divorce settlement, and the Irish border question as the key issues that must be addressed. Barnier’s mandate will be submitted to EU ministers for approval later this month.
Now you might say that for a FTSE 100 company to lose two chiefs since 2012 would be unfortunate. To lose THREE would be careless, but that could yet be the case for Barclays. The chief in question is Jes Staley, whose mission to restore the fortunes of the UK's second largest bank has been clouded by not one but TWO seeming misjudgements.
Now the EU has reportedly raised its opening demand for Britain's Brexit bill from the previous estimate of €60bn to €100bn - apparently due to pressure from France and Germany - could a transitional trade deal be off the cards? To discuss this further, Ed Bowsher spoke to European affairs analyst Yannis Koutsomitis.
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.
This morning Georgie was joined by Dr. Kris Naudts, Culture Trip's founder and CEO. Kris, is a former academic psychiatrist turned media entrepreneur and his company Culture Trip was recently named as one of Forbes 2017 Fast-Growing British Companies to Watch and has received $20M in funding from investors PPF Group.
Today on the agenda, Georgie Frost and David Braithwaite from Citrus Financial Management discussed how British consumers have been hit by a total of 300-million pounds worth of unarranged overdraft fees. Plus they look into why mobile 4G coverage "varies widely" across the UK - and is worse that Estonia and Peru. All these stories and more on The News Review.