For over 40 years John Elliott has championed the cause of British manufacturing in County Durham. His Ebac company was founded in 1972 making dehumidifiers. Over the next 44 years, its grown and now makes dehumidifiers, water coolers, freezers and washing machines. Ebac dehumidifiers are the market leading brand of dehumidifiers in the UK. Over 1.25 million homes have bought a Ebac dehumidifier – that’s over 5% of all households. To get the latest snapshot on how UK manufacturing is coping, Nigel Cassidy spoke to John Elliott, Executive Chairman of Ebac, the British manufacturer.
The future of Gibraltar is at stake in Brexit negotiations. Spain could veto a trade deal if it doesn't get concessions over sovereignty. EU member states have received a letter setting out the bloc's opening stance for Brexit negotiations over the next two years. The letter says all issues relating to the Rock must be sorted bilaterally between London and Madrid. Share Radio's Peta Fuller spoke to Jonathan Lis from British Influence and Joe Carberry from Open Britain about the Gibraltar question.
New figures released today from PwC's Skyval Index show the deficit of defined benefit (DB) pension funds stood at £500bn at the end of March 2017, a £20bn decrease since last month. So what does this actually mean for pension funds? To discuss further, Nigel Cassidy spoke to Steven Dicker, PwC's chief actuary.
Brave Bison, the independent digital media & social video broadcaster, working with the likes of Coca Cola, Microsoft, 20th Century Fox, CNBC, Universal Pictures and Google has released full year results today. Last year the company boasted a 22% increase in net revenue from from £14.6m to £17.7m. So how is the company doing now? Kevin Deeley, CEO of Brave Bison joined Nigel Cassidy to tell us more.
According to data released today by GfK, a market research institute, consumer confidence remains stable but still in the negative territory. Survey shows households carried on spending this month - suggesting consumer confidence has remained stable. GfK's index to measure this was unchanged from February. The finding has led the market research firm to suggest that those predicting a post-Article 50 slump "could be wrong". The negative data is most likely due to the generally bleak/unclear future of the UK economy post-Brexit. Now Theresa May has fired the article 50 gun, can we expect things to worsen in consumer confidence or be on the up? Joe Staton, Head of Market Dynamics at GfK joined Nigel Cassidy to discuss further.
Britain’s price for splitting from the EU could be as low as €25bn - much lower than the €60bn that had been suggested. That's according to influential European think-tank Bruegel. They say the final figure comes down to whether you consider coming out of the EU as like quitting a club, and therefore leaving all the club's equipment behind, or a divorce, where both parties must divide up the house. James brydges spoke to Zsolt Darvas from Bruegel, one of those responsible for the research.
Now Brexit is not the only problem facing the EU. The Greek government's set for a key meeting of euro zone finance ministers next Friday. Negotiations over a potential bailout between Athens, the EU, and the International Monetary Fund have been dragging on for months, but according to reports, Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues. Joining Nigel Cassidy is an old friend of the program, Michael Kosmides!
The financial service sector contributed over £128 billion to the economy last year, and accounted for over 2.2 million jobs across the country. It also paid £71.4 billion in tax in 2015. It's thought Theresa May needs a transitional deal in order to give the sector time to adapt to life outside the EU. James Brydges spoke to Mark Boleat, Policy Chairman of the City of London Corporation, and first asked whether there were any surprises in the letter to Donald Tusk.
Anglo Pacific, the only natural resources royalty company to be listed in London, has released full year results today. The company invests in mining projects and then receives a proportion of the revenues they generate. Julian Treger, CEO of Anglo Pacific spoke to Nigel Cassidy to discuss how the company's doing and what they're up to at the moment.
Joining Nigel Cassidy today is Mike Van Dulken, Head of Research at Accendo Markets to discuss the top finance stories. Britain's FTSE 100 index is seen opening down 5 points, according to financial bookmakers. Plus they looked at some of the winners and losers as the Brexit process begins – nine months after the leave campaign triumphed.