our business editor simonjack reports. future of vauxhall‘s two uk plants, here in luton and at ellesmere port, has been a concern ever since vauxhall became part of the peugeot—citroen family, when psa bought general motors‘ european business. the boss of psa has previously said brexit uncertainty would delay major investment decisions. so what has changed? we have a strong performance plan for the plant, that we are now going to implement to give the plant the possibility to catch up, in terms of cost and quality competitiveness, with all the other european continental plants.

we'll get a round—up of the week with our business editor simonjack. is time for you to change your drinkingits? on alcohol for health reasons? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. backed out of last year. substantially better than the one offered to barack obama. sides of the pacific. for some 40% of world trade. favoured big business and other countries. as a conflict escalates with china. power in the region. thank you jamie. andrew walkerjoins me now to discuss this. by president trump if it does end up with the us rejoining the tbp. with the us rejoining the tbp. it's very striking. very striking. trade negotiations completed by the previous administrations. previous administrations. pressure from some american groups who feel it is a missed opportunity. who feel it is a missed opportunity. worthwhile new opportunities to export around the region. export around the region. is the other country making the big tariff reductions. tariff reductions. has been getting a lot of that in his air behind—the—scenes. has been getting a lot of that in his

editor simon jack haslam there is analysis here, but also, at business editor simonjack haslam a blogrokered between sir martin sorrell and wpp p means he could set up a new company. —— our business editor. means he could set up a new company. -- our business editor. he might. but he is also 73. he is not a ao—year—old young guy. but he is also 73. he is not a 40—year—old young guy.” but he is also 73. he is not a 40-year-old young guy. i have met and interviewed him many times, he has huge amounts of energy. yes, huge amounts of energy, starting something from scratch... he will probably do something. he is not somebody who will sit around. but, well, he can, but this has been the best thing for the company. for him to go. the company has become enormous. i to go. the company has become enormous. i remember to go. the company has become enormous. i remember reading wire copy all the time of this company being bought by wpp p, that company being bought by wpp p, that company being bought by wpp. actually too big in the environment here, where google and facebook completely dominate th

our business editor simonjack explains.ber the products they‘re selling, not the name of the company that made the ads. many of the biggest ad agencies, marketing companies and pr firms in the world are owned by an even bigger one. it is called wpp, and was founded and run since 1985 by this man, sir martin sorrell. he gobbled up dozens of businesses, creating a £15 billion global giant with enormous influence. sir martin has defined british advertising for almost 30 years as a businessman. so his departure has caused an enormous shockwave through the industry. a big figure on the world business stage, his views were sought—after. .. if the eu does not give on that, then our access... ..and he was happy to oblige. after 33 years at the top, he stepped down with immediate effect, after recent accusations he may have missed used wpp funds — claims he denies. meanwhile, upstarts have changed the industry with more advertisers going direct to facebook and google rather than via wpp agencies. the company has lost a third of its

our business editor simonjack reports.t ellesmere port, has been a concern ever since vauxhall became part of the peugeot—citroen family, when psa bought general motors' european business. the boss of psa has previously said brexit uncertainty would delay major investment decisions. so what has changed? we have a strong performance plan for the plant, that we are now going to implement, to give the plant the possibility to catch up, in terms of cost and quality competitiveness, with all the other european continental plants. he is also feeling more confident about an eventual brexit deal. i think there is a common interest that this deal will be supporting the interests of both parties, and that therefore there is a good probability that something looking like a frictionless trade deal will be made. the government will contribute £9 million to a total investment of over £100 million. currently, luton can produce up to 70,000 vans a year, the extra investment will mean that goes up to 100,000. industry insiders say this was

our business editor simonjack explains.y that made the ads. many of the biggest ad agencies, marketing companies and pr firms in the world are owned by an even bigger one. it is called wpp, and was founded and run since 1985 by this man, sir martin sorrell. he gobbled up dozens of businesses, creating a £15 billion global giant with enormous influence. sir martin has defined british advertising for almost 30 years as a businessman. so his departure has caused an enormous shockwave through the industry. a big figure on the world business stage, his views were sought—after. .. if the eu does not give on that, then our access... ..and he was happy to oblige. after 33 years at the top, he stepped down with immediate effect, after recent accusations he may have misused wpp funds — claims he denies. meanwhile, upstarts have changed the industry, with more advertisers going direct to facebook and google rather than via wpp agencies. the company has lost a third of its value, prompting this farewell statement. his critics say he ra

simonjack, bbc business has lost a true giant. simon jack, bbc news. on the final brexit deal. a campaign to give the public a vote those backing the people's vote campaign — which launched at an event in london this afternoon — say it's not a re—run of the referendum and the public must be given the change to either accept or reject britain's brexit deal. police have launched a murder investigation after a man was shot dead in birmingham. investigation after a man a 20—year—old man was pronounced dead at the scene in the bordesley area of the city just after midnight. two teenagers have been arrested after a car hit five people in a street on canvey island in essex. police say the bmw involved was stolen and a 17 and an 18 year—old are being questioned about causing serious injury while driving and under the influence of drink or drugs. one person is in a critical condition in hospital, and another has potentially life—changing injuries. now with all the sport — here's lizzie greenwood hughes at the bbc sport centre. here's lizzie greenwood hughes man

our business editor, simonjack, is in luton. parent company of vauxhall to make a decision when previously they said brexit was holding back decisions? the industrial strategy is something thatis industrial strategy is something that is commanding a lot of respect in the automotive sector and other industries beyond. we set out very clearly our intention to be one of the most innovative places in the world in the future as well as now to make cars. that relationship that we have with the sector and with the workforce here is i think resulting in major investments like this. when i heard the chairman of psa tour, he said we are hoping we going to get tariff free access, frictionless trade. you are not in a position to guarantee that. the prime minister set out very clearly in her speech what our objectives from the negotiations are. of course, the negotiations are. of course, the negotiations are. of course, the negotiations are ongoing and they have not finished yet, so it is not possible to say with certainty what the outcome i

our business editor simonjack reports.s, here in luton and at ellesmere port, has been a concern ever since vauxhall became part of the peugeot—citroen family, when psa bought general motors‘ european business. the boss of psa has previously said brexit uncertainty would delay major investment decisions. so what has changed? we have a strong performance plan for the plant, that we are now going to implement to give the plant the possibility to catch up, in terms of cost and quality competitiveness, with all the other european continental plants. he's also feeling more confident about an eventual brexit deal. i think there is a common interest that this deal will be supporting the interest of both parties and that therefore, there is a good probability that something looking like a frictionless trade deal will be made. the government will contribute £9 million to a total investment of over £100 million. currently, luton can produce up to 70,000 vans a year, the extra investment will mean that goes up to 100,000. industry in

our business editor simonjack explains.to remember the products they're selling, not the name of the company that made the ads. many of the biggest ad agencies, marketing companies and pr firms in the world are owned by an even bigger one. it's called wpp and was founded and run since 1985 by this man, sir martin sorrell. founded and run since 1985 he gobbled up dozens of businesses creating a £15 billion global giant with enormous influence. creating a £15 billion global giant sir martin has defined british advertising for almost 30 years as a businessman. british advertising for so his departure has caused an enormous shock waves through the industry. caused an enormous a big figure on the world business stage, his views were sought—after. .. stage, his views were if the eu does not give on that then, our access... and he was happy to oblige. on that then, our access... after 33 years at the top, he stepped down with immediate effect after recent accusations he may have missed used wpp funds. accusations he may have misse

sir martin denies any wrongdoing, as our business editor simonjack explains.ing, not the name of the company that made the adverts. many of the biggest advertising agencies, and pr firms, are owned by an even bigger one. it is called wpp and has been run since 1985 by sir martin sorrell. he gobbled up dozens of businesses over the years creating a £15 billion global giant. a big figure on the world business stage his views were sought... if the eu does not give on that... he was happy to give his opinion. after 33 years at the top he stepped down with immediate effect, after accusations he may have mr used the funds of wpp. he denies this claim. more advertisers are going direct to google and facebook, rather than via wpp agencies. the company has lost a third of its value, prompting this goodbye statement: his critics say he was overpaid and ran the company like his own private fiefdom, when in fact he earned less than 2%. some shareholders told the bbc it was time for a change. for many in the world of advertising sir martin sorrell was more of a money man b

sir martin denies any wrongdoing as our business editor simonjack explains.ompany that made the adverts. many of the biggest advertising agencies, and pr firms, are owned by an even bigger one. it is called wpp and has been run since 1985 by sir martin sorrell. he gobbled up dozens of businesses over the years creating a £15 billion global giant. a big figure on the world business stage his views were sought... if the eu does not give on that... he was happy to give his opinion. after 33 years at the top he stepped down with immediate effect, after accusations he may have mr used the funds of wpp. he denies this claim. more advertisers are going direct to google and facebook, rather than via wpp agencies. the company has lost a third of its value, prompting this goodbye statement: his critics say he was overpaid and ran the company like his own private fiefdom, when in fact he earned less than 2%. some shareholders told the bbc it was time for a change. for many in the world of advertising sir martin sorrell was more of a money man band an ad man, treating it

our business editor, simonjack reports from luton.all‘s two uk pla nts the future of vauxhall‘s two uk plants here at luton and ellesmere port has been a concern ever since foxhill became part of the peugeot and citroen family, when psa bought the european business. the boss of psa has previously said that brexit uncertainty would delay major investment decisions. what has changed? we have a strong performance plan for the plant, that we will implement to give the plant the possibility to catch up in terms of cost and quality competitiveness with all the other european plants. he is also feeling more confident about an eventual brexit deal. he is also feeling more confident about an eventual brexit deallj he is also feeling more confident about an eventual brexit deal. i do think there is a common interest, that this deal will be supporting the interest of both parties and therefore there is a good probability that something looking like a frictionless trade deal will be made. the government will contribute £9 million to a total inves

our business editor, simonjack, takes a closer look. lower prices for everyday items.ustomers of both sainsbury and asda as they laid out their plans for one of the biggest retail mergers in decades. the prospective boss of the new giant said its increased buying power would mean a better deal for customers. ultimately, we will pass those benefits back to our customers in the form of lower prices. what we are talking about today is that we would expect the price of everyday items, not all items, but everyday items in the round to fall by 10%. that's what we would aim to do. a combination of the second and third largest supermarkets will create a retailing powerhouse. currently, the two companies have a total of 2800 stores in the uk, employing a joint workforce of 330,000 people. together they would account for over 31% of the uk grocery market knocking long—time leader tesco into second place. sometimes attack is the best form of defence and many see this bold move as a response to threats in the marketplace from the discounters aldi and lidl, from tesco move into who

our business editor, simonjack, reports.uxhall‘s two uk plants, here in luton and at ellesmere port, has been a concern ever since vauxhall became part of the peugeot—citroen family, when psa bought general motors' european business. the boss of psa has previously said brexit uncertainty would delay major investment decisions. so what has changed? we have a strong performance plan for the plant, that we are now going to implement to give the plant the possibility to catch up, in terms of cost and quality competitiveness, with all the other european continental plants. he's also feeling more confident about an eventual brexit deal. i think there is a common interest that this deal will be supporting the interest of both parties and that therefore there is a good probability that something looking like a frictionless trade deal will be made. the government will contribute £9 million to a total investment of over £100 million. currently, luton can produce up to 70,000 vans a year, the extra investment will mean that goes up to

our business editor, simonjack, takes a closer look. lower prices for everyday items.oth sainsbury‘s and asda as they laid out their plans for one of the biggest retail mergers in decades. the prospective boss of the new giant said its increased buying power would mean a better deal for customers. ultimately, we will pass those benefits back to our customers, in the form of lower prices, and what we are talking about today is that we expect the price of everyday items, not all items, but everyday items, in the round to fall by 10%, and that is what we would aim to do. a combination of the second and third largest supermarkets will create a retailing powerhouse. currently, the two companies have a total of 2800 stores in the uk, employing a giant workforce of 330,000 people. together, they would account for over 31% knocking long—time leader tesco into second place. sometimes attack is the best form of defence and many see this bold move as a response to a threat to the marketplace from discount stores aldi and lidl, from tesco's move into wholesaling by buying booker a

our business editor, simonjack, is with me.ering this all weekend, tell us what more you can say about his sudden departure. there are allegations of misconduct, which leaked to the wall street journal. they had an investigation. it was some behavioural issues and financial issues, though the financial issues, though the financial issues, though the financial issues weren't material. but apart from that, we don't know a great deal more. all we know is we don't think he felt he could control. they taught in their press release about a smooth transition, but everyone knows this isn't the way it was meant to go. the executive chairman is stepping in to run the company, they have appointed two chief operating officer is. it will be hard, because it is hard to imaginea company will be hard, because it is hard to imagine a company where the chief executive is more central to the company than this one. he built it from scratch. this huge, sprawling empire, gobbling up dozens of companies. wpp isn't really an ad agency, it's a collecti

here's simonjack. of the biggest retail mergers in decades. the prospective boss of the new giant said it has increased buying power would make a better dealfor buying power would make a better deal for customers. ultimately we will pass those benefits back to our customers in the form of lower prices and what we're talking about todayis prices and what we're talking about today is we would expect the price of everyday items to fall by 10%.. combination of a second and third largest supermarkets will create a retailing powerhouse. thirdly the two companies have a total of 2,800 stores in the uk, employing a giant workforce of 330,000 people. together they would account for over 31% of the uk grocery market, knocking tesco into second place. sometimes a tag is the best form of defence and many see this bold move asa defence and many see this bold move as a response to threats in the marketplace from the discounters aldi and middle. amazon has set its sights on the uk grocery market. the question is, wil

business editor simonjack is at vauxhall‘s luton plant this morning.ors assets were bought, there has been a question mark about over which plants they will keep open. this hundred million pound investment has secured the future of 1a00 jobs in luton. still about —— until about 2030. the life cycle of a commercial vehicle is much longer than a regular car. a lot of relief here. they have another plant in ellesmere port. no confirmation on that. i wonder if we can speak to the secretary live. another big win for him. he ensured the nissan investment, there has been a toyota investment. as these big decisions have come up, the uk has managed to hang onto it. the boss of the parent company said, listen, we have a competitive market out there, we need to lower costs here by 20%, ellesmere port has a lot of work to do. but for the time being, some pretty good news. one other thing is that this has got a very big paint shop that works with plans. you can see the paint is applied here and the other potential candidate for placing this investment on vans does