Company news: Rio Tinto, GlaxoSmithKline, Dunelm and more
Glen GoodmanOriginal Broadcast:
Share Radio Afternoon
Earnings were out for miners Rio Tinto, pharmaceutical giant GlaxoSmithKline and home furnishings retailer Dunelm, while there are reports that L’Oréal is considering the sale of The Body Shop as it reviews operations. Chris Bailey founder of Financialorbit.com joined Share Radio's Glen Goodman for these and more of the day's company news.
Are interest rates too low? One of the Bank of England's monetary policy committee members has signalled she's on the verge of voting for a rate rise. And Brexit will cost UK 30,000 finance jobs according to a think tank. Ben Kumar, investment manager at Seven Investment Management, joined Share Radio's Glen Goodman to talk through the day's big economic stories.
The Week's Update: Turkey in the aftermath of the coup
In this edition of the Weeks Update Glen Goodman was joined by Deniz Kandiyoti, a Turkish political expert and John Weeks, Share Radio's regular economics commentator and they discussed Turkey in the aftermath of the coup.
The government is promising to fix what it calls the "broken" housing market by building thousands of new homes and helping first time buyers. Amongst the many proposals is a three-billion pound fund to get small companies building in England. It's thought that around 60 per cent of new homes are being produced by just 10 larger firms. Share Radio's James Brydges spoke to Michael Holmes, spokesperson at The National Homebuilding & Renovating Show and head of NaCSBA (National Custom and Self Build Association) and Russell Quirk, the founder of the online estate agent emoov.co.uk.
The Moneywise team with over 26 years of financial journalism under their belt joins us in the studio for their fortnightly catch up. This week Sue joined by editor Moira O'Neil and deputy editor Helen Knapman. We'll be discussing how to put together the perfect portfolio as well as how to maximise your savings returns playing current account ping pong. Plus we look ahead and questioning what might happen with interest rates this year as well as bringing you the latest stats and funny money stories from this month's magazine.
And it's time to check-in with our friends over at Money Saving Expert. This week Sue Dougan was joined by Senior Writer Sally Francis. We'll be looking at the governments changes to bereavement benefits and sorting out your joint finances with your partner this Valentine's day. Plus we'll have a roundup of the best deals the eagle-eyed team have come across this week. Don't forget, you can stay up to date and get the newsletter by heading to moneysavingexpert.com
How much money do you think you'll spend over the course of your lifetime? Well, a report has found that today's average 20 year old will spend a whopping 1.9 million pounds in total. Analysis from financial planner Tilney shows that we will have spent one million pounds by our fiftieth birthday, and will spend 400,000 pounds after we retire. It seems many of us, however, spend a lot more than we think we will after we've stopped working. To discuss the report in more detail, Share Radio reporter Sara Macham caught up with Andy Cowan from Tilney.
Former banker Joe Chakra took a gamble when he gave up a successful career in banking to open up a frozen yoghurt shop. Sloane Brothers is going from strength to strength with its flagship shop on London's Brick Lane and another branch in Nottingham. Share Radio reporter Sara Macham caught up with Joe to hear the secrets behind the company's success.
It's the most important meal of the day but with many of us short on time, people are choosing to skip breakfast. We could be storing up health problems though particularly when it comes to our understanding of what's healthy. One company aiming to challenge this is Spoon who have previously taken their products to Dragons Den. To find out more about the company and the issues around skipping breakfast Share Radio's Tom Hill spoke to founders Annie Morris and Jonny Shipman.
Credit guarantees worth millions of pounds given to Rolls-Royce by the government to help it win export deals are being investigated to see whether the engineering giant obtained them fraudulently.
Civil servants are examining support given by UK Export Finance to (UKEF) the company to help it land foreign sales, after Rolls last month admitted using bribes to seal overseas contracts.
The FTSE 100 engineer agreed to pay a total of £671m to the Serious Fraud Office and regulators in the US and Brazil after it admitted decades of making corrupt payments.
Andy Watson is from Transparancy International, and first told Share radio's James Bydges what Rolls Royce had done wrong.