Sainsbury's today reported a full-year profits fall of 8.2%, even after the successful acquisition of Argos owner Home Retail Group, prompting its share price to slide. For more on this and the latest corporate news, Ed Bowsher was joined by Chris Bailey, founder of FinancialOrbit.com
The pound and the markets were down this afternoon - could it be in part because of the new Brussels Brexit Bill, hoisted now to €100bn? To discuss further, and talk about more of the latest macro news, Ed Bowsher was joined by Matthew Yates of 7IM.
Luca Faloni founded his eponymous menswear label after noticing that the style and quality of clothing in his native Italy wasn't available anywhere else. After studying politics, finance and economics, it was while living in America that the idea of setting up the label came to him. Luca joined Share Radio's Sara Macham in the studio to talk about his company in more detail.
This morning Georgie was joined by Dr. Kris Naudts, Culture Trip's founder and CEO. Kris, is a former academic psychiatrist turned media entrepreneur and his company Culture Trip was recently named as one of Forbes 2017 Fast-Growing British Companies to Watch and has received $20M in funding from investors PPF Group.
Today on the agenda, Georgie Frost and David Braithwaite from Citrus Financial Management discussed how British consumers have been hit by a total of 300-million pounds worth of unarranged overdraft fees. Plus they look into why mobile 4G coverage "varies widely" across the UK - and is worse that Estonia and Peru. All these stories and more on The News Review.
Italy's troubled flagship airline Alitalia will formally request to enter bankruptcy proceedings, after workers rejected a restructuring plan. The company has received more than 7 billion euros from the Italian state over the last decade. But without further support, it may end up permanently grounded.
Analysts are predicting underlying pre-tax profits for Sainsbury’s to be about £578m in its full-year results tomorrow, down from £587m last year. City observers are concerned that the company is leaning too heavily on its recent acquisition of Home Retail, which includes Argos and Habitat. Argos delivered growth of 4.3 per cent in the fourth quarter, like-for-like food sales in the same period fell 0.5 per cent.
A recent study from the Advertising Association has found a fifth of companies surveyed lost business due to the Brexit vote. James Murphy, Adam & Eve/DBB co-founder and AA chairman, said that "On the Friday afternoon of the vote, I got a phone call from a large North American client cancelling a contract, with the question: ‘What the hell have you guys done?’
Brussels is set to try and grab the London-based euro-clearing market according to reports today. This follows the news that last week's Downing Street dinner for Theresa May and EU Commission boss Jean-Claude Juncker didn't go well. Could the market be a source of tension in Brexit negotiations, or will it be a useful bargaining chip for the UK? Ed Bowsher spoke to John Rentoul, Chief Political Commentator for The Independent.