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.
Gabriel Pirona, Group Finance Director at Photo-me International, the instant service equipment group, joined Share Radio Breakfast to discuss the company’s latest interim results. Once again the results were positive and Gabriel reflected on the performance.
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.
Back Me Up, part of the Ageas insurance group, is a new insurance platform that offers cover for 'stuff' for £15 a month. Aimed at millennials, it looks to get young people to insure their valuables in an affordable and simple way. Paul Lynes, MD of Back Me UP, meets with Linda to talk about how it works and what their aims are for the future.
ParentPay is an online platform that allows parents to pay online for school activities, lunches, after school clubs, and more. They have helped over 2 million parents pay school bills safely and quickly since their launch. Linda heads down to meet Chief Executive Clint Wilson, to find out how the business works and what's next for them.
This week on the Shop Floor, the world we live in is about to become super-connected to the Internet of Things, Nick explores some of the issues this raises with Nigel Upton. Do you fancy a career in wine? Nick visits the one place in the UK where you can actually get a wine qualification, Plumpton College on the Sussex Downs to meet Paul Harley. We discuss corporate governance with Laurie Fitzjohn Sykes, director of research at Tomorrow's Company and finally Nick finds out about the leadership lag the UK is facing with John Yates from the ILM
John Yates, Laurie Fitzjohn Sykes, Nigel Upton, Paul Harley
Caring for a family member can be a high toll on your life, both emotionally and financially and research recently conducted by the Carer's Trust show that over half of carers in the UK were missing out on the financial support they should be entitled to, negatively effecting their lives and the lives of those who they care for. To talk to Sarah about what you can do if your looking after someone, she is joined by Sarah Mitchell from the London-based Carers Network, Caroline Shola Arewa, a wellness coach and Steve Webb, from Royal London.
Train fares in Britain will go up by 2.3%, on average, from January the 2nd. The Rail Delivery Group says the vast majority of the cash gets pumped back in to running services. But campaign groups say some passengers are "finding themselves priced off the railways". Tony Miles, Contributing Editor from Rail Business Intelligence, joined Share Radio Breakfast to offer his reaction.
It seems young women appear to have the magic touch when it comes to starting successful businesses. According to new research, 'young businesses' run by those women under 35 are three times less likely to make a loss than those owned by over 55's. To get the inside story Sue Dougan was joined by Bianca Miller, Apprentice finalist and founder of The BE Group.