Apple has ended its deal with chip designer Imagination Technologies, with shares in the UK-based firm plummeting almost 70% in early trade. Can Imagination survive without its biggest customer? And Burberry strikes a deal with US cosmetics giant Coty to grow its beauty brands. Ken Odeluga, market analyst at City Index, joined Share Radio's Ed Bowsher for these and more need-to-know company news.
You may have noticed a new addition to your change recently in the form of the updated, forgery-proof one pound coin. But just how big is the problem of coin fraud and how will the new, 12-sided pound aim to tackle it? To find out more about the brand new pound in our pockets, Share Radio's Tom Hill spoke to Consumer Affairs Editor at This is Money, Lee Boyce.
Last week the Financial Conduct Authority - the FCA - set out changes it will introduce to tackle the fraudulent use of contactless cards after they've been cancelled. It was responding to a Treasury Select Committee, which raised concerns earlier this year that customers were having to check their bank statements to check for suspicious activity, and then apply for a refund from their bank. The FCA says less than 1 percent of all card fraud is on contactless cards, but is urging banks to do more. Share Radio's Sara Macham spoke to Jon Sacker from the UK Cards Association to find out more.
Georgie Frost was joined by Deborah Hargreaves, Founding Director of High Pay centre and former Business Editor of the Guardian this morning. Today on the agenda, they discussed how credit card companies could soon have to help customers who can't pay off their balance. Plus they look into why more than two thirds of over-55s are still confused about the new pension freedom rules, two years after they were introduced. All these stories and more on The News Review.
A former Tory leader's come under fire for saying Theresa May would show the same resolve to defend Gibraltar as Margaret Thatcher did over the Falklands. Lord Howard was speaking after the EU suggested Spain will be able to veto future deals between the Union and the UK. Theresa May's heading to Jordan and Saudi Arabia for talks about stepping up the fight against Islamic State. The prime minister will pledge more UK support for airstrikes and new counter-terrorism measures during her visit. To discuss what developments can we expect to see from this, Georgie Frost was joined by political journalist Natasha Clarke.
Nigel Cassidy joined Georgie Frost to discuss the main market headlines of the morning, starting with UK chip designer Imagination technologies. They've made an announcement this morning regarding a license agreement with Apple. Also news coming out of Lloyds Bank this morning. It says it will shrink hundreds of branches in size. And Consumer goods giant Reckitt Benckiser has confirmed it is beginning a strategic review of its food business.
At Share Radio, we're all about demystifying business and finance - and few things can be more confusing than tax. Well, on Saturday, a whole bunch of tax changes were introduced, which will come into force on Thursday (The 6th of April) for the tax year running for 2017 to 2018. To help understand how these taxes will effect you, business, and our economy, Share Radio's Matt Cox has been taking a closer look at the changes.
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.