Kingfisher, the company behind B&Q and Screwfix, beat expectations and posted pre-tax profit of £759m - but shares dropped almost 5%. And are falls on Wall Street just a headline or is there a long-term downward trend? Chris Bailey, founder of investment research consultancy, Financial Orbit, joined Share Radio's Ed Bowsher to discuss the day's biggest company stories.
Wall Street's had its worst day since President Trump's election - the flagship S&P 500 index fell 1.2%, which had ramifications for the FTSE today. Chris Justham, relationship manager at Seven Investment Management, joined Share Radio's Ed Bowsher for more on this and the day's major economic news.
Sarah Lowther was joined by Sara Benwell, Consumer Editor from Good Housekeeping this morning. Today on the agenda, they discussed how nearly half of UK families with dependent children would struggle to survive a month on their savings if they had to. Plus they look into why money worries are the biggest strain on relationships in the UK. All these stories and more on The News Review.
Labour's Party membership is expected to fall below half a million for the first time since its peak under Jeremy Corbyn. And the Scottish government is expected to win a vote calling for a second independence referendum later. The First Minister will call on Members of the Scottish Parliament to back her request for a second poll. For more on this and all the biggest political stories of the day, Sarah Lowther was joined by Professor Peter Catterall, Reader in the History Department of the University of Westminster.
Joining Sarah Lowther to discuss the main market headlines of the morning is Share Radio's Nigel Cassidy, starting with Kingfisher profiting from the weak pound. We've also heard from fashion house Hermès. Plus, we check out how the pound and FTSE is fairing.
Cello Group, the UK based healthcare and consumer strategic marketing company has released their latest preliminary results today. Cello Group has two distinct businesses, Cello Health which delivers marketing advisory services to the global pharma and health sectors, and Cello Signal which delivers digitally-led insight and marketing services to global consumer and B2B clients. So how is the company doing? Mark Scott, CEO of Cello revealed to Nigel Cassidy.
Today, the London Taxi Company (LTC) announced the official opening of the UK's first car plant dedicated solely to the production of range-extended electric vehicles. This new, state-of-the-art, vehicle plant in Ansty, Coventry, is where the world's first purpose-built, mass-market electric taxi will be built. The investment and expansion of LTC has created more than 1,000 new jobs, including 200 engineers and 30 apprenticeships. So to tell us more, Nigel Cassidy was joined by Chris Gubbey, CEO of London Taxi Company.
The UK's inflation rate jumped in February to 2.3%, according to the Office for National Statistics, placing it above the Bank of England's 2% target rate for CPI inflation. Will inflation peak higher than the 2.8% predicted in 2018? Plus the Bank of England's chief economist Andy Haldane says mediocrity in UK business is to blame for the productivity crisis - is he right? John Barrass, Deputy Chief Executive of the Wealth Management Association, joined Share Radio's Ed Bowsher to analyse these stories and more.
Inflation is up more than expected - the consumer price index rose to 2.3%, up from 1.8% in January, and is now higher than the Bank of England's target of 2%. But what does this mean for consumers and savers? And where might there be profits in the current climate? Calum Bennie at Scottish Friendly joined Share Radio's Ed Bowsher to explain.
Is London 'cheap' now? The capital no longer ranks among the world's most expensive cities in a key survey, dropping from 6th to 24th, its lowest position in 20 years. For more on the Worldwide Cost of Living report from The Economist Intelligence Unit, survey editor Jon Copestake spoke with Share Radio's Ed Bowsher.