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Aug 2, 2018
08/18
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theo leggett, bbc news. let us look at market again. a tricky session in asia.hares going up. it closed up nearly half a percent higher in the us. as you can see, heavy declines in asia and higher at us tariffs on it us goods look increasingly likely. —— chinese goods. that fear factor has returned. what impact will it have on china and other economies in asia and how will china retaliate? these are commodities, of course, i will see you in just a moment. more on that story would have asked you to get in touch with us about this morning. we're becoming increasingly addicted to our smartphones according to a new report by the communications regulator, 0fcom. the average person now checks their phone every 12 minutes and 40% look at it within five minutes of waking up. but the number of calls made on mobiles has fallen for the first time ever. our technology correspondent rory cellan—jones has more details. we are going to make some history together today. 2007, and steve jobs unveils apple's iphone. 2008 and the first android phones are unveiled. what has followe
theo leggett, bbc news. let us look at market again. a tricky session in asia.hares going up. it closed up nearly half a percent higher in the us. as you can see, heavy declines in asia and higher at us tariffs on it us goods look increasingly likely. —— chinese goods. that fear factor has returned. what impact will it have on china and other economies in asia and how will china retaliate? these are commodities, of course, i will see you in just a moment. more on that story would have asked...
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Aug 27, 2018
08/18
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now its operators are in a race against time to make the most dangerous areas safe. 0ur reporter theo leggettto one of the most hazardous parts of the site. in the early days of the nuclear age, britain was enthralled to the awesome power of the atom. newsreel: the first large scale atomic power station in the world will be supplying britain's grid next summer. its scientists scrambled first to build bombs, then to develop what seemed to be a limitless source of energy. and sellafield was at the heart of it all. but those heady early days have left a toxic legacy of crumbling contaminated structures. now the bbc has been allowed to film inside one of the most hazardous of all. and here it is. this is the first—generation magnox storage pond here at sellafield and this is where, in the past, used nuclearfuel was brought to cool down before it could be taken away for reprocessing. it hasn't been used for 30 years, but it's still full of toxic radioactive material and cleaning all that up is now proving to be a major challenge. it has to be cleaned up. the structure is obviously showing its age.
now its operators are in a race against time to make the most dangerous areas safe. 0ur reporter theo leggettto one of the most hazardous parts of the site. in the early days of the nuclear age, britain was enthralled to the awesome power of the atom. newsreel: the first large scale atomic power station in the world will be supplying britain's grid next summer. its scientists scrambled first to build bombs, then to develop what seemed to be a limitless source of energy. and sellafield was at...
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Aug 7, 2018
08/18
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dominos pizza has just published its first half results for the uk and our business reporter theo leggettstors are finding them quite hard to digest. although domino's pizza made a like—for—like profit of £45 million, up like—for—like profit of £45 million, up 2.5% on the same period a year ago, like—for—like sales increased as well, but investors do not seem to like it, shares down 12% early in the day, still down around 10%. part of that might be problems with international expansion, domino's, master franchise in the international expansion, domino's, masterfranchise in the uk international expansion, domino's, master franchise in the uk for the american brand, but it also controls franchises in norway, switzerland, places like that. it is in the nordic countries it seems to be having more of an issue. although it is expanding sales quite quickly, that seems to be absorbing money. from that point of view, things are not great. there seem to be concerns over the way the company is being run. the chief executive is thought of as being quite hard to deal with by the franchisees, they are
dominos pizza has just published its first half results for the uk and our business reporter theo leggettstors are finding them quite hard to digest. although domino's pizza made a like—for—like profit of £45 million, up like—for—like profit of £45 million, up 2.5% on the same period a year ago, like—for—like sales increased as well, but investors do not seem to like it, shares down 12% early in the day, still down around 10%. part of that might be problems with international...
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Aug 29, 2018
08/18
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let's get more details from our business correspondent, theo leggett.the words newspaper publisher you assume they are struggling?m the words newspaper publisher you assume they are struggling? it is a cold, harsh environment for a newspaper publishers. the circulation of traditional print titles is falling. that is the long—term trend. everybody is moving into digital. it is a highly competitive environment and it is ha rd to competitive environment and it is hard to make profits. taking that into account, johnston press' latest results do not look too bad. they make a profit, including an operating profit. but you also have to ta ke operating profit. but you also have to take into account the fact that a large proportion of its pre—tax profit was made a up with a re—evaluation of the value of its bond. it is not in a sense that it is doing a lot better, it is merely an accounting peculiarity that has helped to boost the bottom line figure. that said, one of its titles, the cut price daily the eye, has been doing very well. that has been getting plenty
let's get more details from our business correspondent, theo leggett.the words newspaper publisher you assume they are struggling?m the words newspaper publisher you assume they are struggling? it is a cold, harsh environment for a newspaper publishers. the circulation of traditional print titles is falling. that is the long—term trend. everybody is moving into digital. it is a highly competitive environment and it is ha rd to competitive environment and it is hard to make profits. taking...
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Aug 31, 2018
08/18
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theo leggett is in our business newsroom. the claims being made against this company, theo? absolutely, the money coming in was exceeded by quite a substantial margin by the money going out. back in its heyday, wonga was providing short—term high cost loans at high rates of interest and was raking it m, rates of interest and was raking it in, but in 2015 it was censured by the financial conduct authority should you debt management practices, sending out letters from fa ke practices, sending out letters from fake debt management companies, for example. it had to pay compensation on those. then there was a government clamp—down, capping the amount of interest that could be charged, and the kind of administration fees that wonga could put in place, and then of course there was a whole load more claims from people who said that their affordability checks have been carried out, that the company had been negligent, and the company was paying out a lot of money on those. claims management companies were introducing claims in bulk, an
theo leggett is in our business newsroom. the claims being made against this company, theo? absolutely, the money coming in was exceeded by quite a substantial margin by the money going out. back in its heyday, wonga was providing short—term high cost loans at high rates of interest and was raking it m, rates of interest and was raking it in, but in 2015 it was censured by the financial conduct authority should you debt management practices, sending out letters from fa ke practices, sending...
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Aug 28, 2018
08/18
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our business correspondent, theo leggett, is here. currently employ? yes, this will not happen overnight, but the long—term trend is for more rights hailing services and ultimately for the cars in cities at least to piece of driving, it will be a lot cheaper once the technology is ready. alterman the bag —— ultimately, bad news for drivers. how many people are looking at this? this is about future proofing, a big trend in the car industry. car companies call themselves mobility service providers. they know in cities at least in the future people will probably not drive private cars, they will use rights hailing services like uber. they are trying to get themselves into a position where they are not put out of date and there is a risk for companies like toyota, if they kept on making ca i’s like toyota, if they kept on making cars for private buyers, they would find one day the big buyers of the rights hailing services, and if they do not provide product they want, even a major company like toyota could see its business being eroded. t
our business correspondent, theo leggett, is here. currently employ? yes, this will not happen overnight, but the long—term trend is for more rights hailing services and ultimately for the cars in cities at least to piece of driving, it will be a lot cheaper once the technology is ready. alterman the bag —— ultimately, bad news for drivers. how many people are looking at this? this is about future proofing, a big trend in the car industry. car companies call themselves mobility service...
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Aug 8, 2018
08/18
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our business correspondent theo leggett is with me. what is the reasoning for this?as says it is because of rising wholesale prices. they have to buy its gas and electricity from producers on the wholesale market and those costs have been going on. that is acknowledged and the reason it gives is an increase in the cost of crude oil. crude oil is used to produce gas and also electricity. so in means gas and electricity prices can go up. in means gas and electricity prices can go up. it seems that is what is happening. our others likely to follow suit because this is the second time in a year. all of the big six major energy suppliers have put their prices up this year. some of the more than once and we can expect others to follow. british gas have put them more than most of our, but when one acts, we often see others will follow suit as well. thank you very much. a man accused of murdering the staffordshire midwife, samantha eastwood, has appeared in court again via videolink. 0ur correspondent liz cropper is at stafford crown court. explain what happened today? this
our business correspondent theo leggett is with me. what is the reasoning for this?as says it is because of rising wholesale prices. they have to buy its gas and electricity from producers on the wholesale market and those costs have been going on. that is acknowledged and the reason it gives is an increase in the cost of crude oil. crude oil is used to produce gas and also electricity. so in means gas and electricity prices can go up. in means gas and electricity prices can go up. it seems...
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Aug 31, 2018
08/18
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our business correspondent theo leggett is with me. it is an enormous project. building of ten new stations, 26 miles of new tunnels, the integration of three different signalling systems, it's a big ask. a cynic might say it's no surprise that the schedule has slipped a bit. what seems to have been going on is most of the big stuff has been built now, but the integration of signalling systems, new computer softwa re signalling systems, new computer software and above all having the capacity to test all that before passengers are allowed to ride on it, there simply is not enough time. maybe it's not entirely surprising that the schedule has slipped a bit but don't forget executives involved with this project always said it would be completed on time and on budget. that is not the case, therefore it will be seriously embarrassing for crossrail limited and there have already been attacks from politicians. lauder donors included, saying there has been a management failure here. —— lord adonis. a new study suggests that the number of people aged 85 and over who need
our business correspondent theo leggett is with me. it is an enormous project. building of ten new stations, 26 miles of new tunnels, the integration of three different signalling systems, it's a big ask. a cynic might say it's no surprise that the schedule has slipped a bit. what seems to have been going on is most of the big stuff has been built now, but the integration of signalling systems, new computer softwa re signalling systems, new computer software and above all having the capacity to...
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Aug 27, 2018
08/18
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the bbc‘s theo leggett has been given exclusive access to see the scale of the problem and what's beingpplying britain's grid next summer. its scientists scrambled first to build bombs, then to develop what seemed to be a limitless source of energy. and sellafield was at the heart of it all. but those heady early days have left a toxic legacy of crumbling contaminated structures. now, the bbc has been allowed to film inside one of the most hazardous of all. and here it is. this is the first—generation magnox storage pond here at sellafield and this is where, in the past, used nuclearfuel was brought to cool down before it could be taken away for reprocessing. it hasn't been used for 30 years, but it's still full of toxic radioactive material and cleaning all that up is now proving to be a major challenge. it has to be cleaned up. the structure is obviously showing its age. if part of it were to collapse, the consequences could be very serious. but removing its dangerous contents isn't easy because it wasn't designed with decommissioning in mind. the word decommissioning didn't exist unt
the bbc‘s theo leggett has been given exclusive access to see the scale of the problem and what's beingpplying britain's grid next summer. its scientists scrambled first to build bombs, then to develop what seemed to be a limitless source of energy. and sellafield was at the heart of it all. but those heady early days have left a toxic legacy of crumbling contaminated structures. now, the bbc has been allowed to film inside one of the most hazardous of all. and here it is. this is the...
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Aug 6, 2018
08/18
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with us now is our business correspondent, theo leggett.s getting greater. at the pressure is getting greater. at the same time, border forces had the pressure is getting greater. at the same time, borderforces had its budget cut. even with improvements in technology there is the possibility there are fewer border staff dealing with higher numbers of passengers. during the period of peak demand in the summer months, delays are going up. depending on which terminal it's between 25 and 50% of the time passengers are facing excessive delays. what other government saying about border force ? government saying about border force? it's a question of staffing levels, effectively. the government says it is responding and has deployed an extra 200 people at heathrow but says it won't compromise on essential border checks that are needed to guarantee safety. over the past few years border checks have been made more rigorous, they take slightly longer and when you're dealing with the volume of passengers that come through heathrow, if every passenger
with us now is our business correspondent, theo leggett.s getting greater. at the pressure is getting greater. at the same time, border forces had the pressure is getting greater. at the same time, borderforces had its budget cut. even with improvements in technology there is the possibility there are fewer border staff dealing with higher numbers of passengers. during the period of peak demand in the summer months, delays are going up. depending on which terminal it's between 25 and 50% of the...
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Aug 2, 2018
08/18
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with me is our business c0rrespondent, theo leggett.uge surprise if this increase did not come but if that is the case, what is the purpose of this increase after quite a long time? absolutely, since before the financial crisis, more than ten yea rs financial crisis, more than ten years since financial crisis, more than ten yea rs since interest financial crisis, more than ten years since interest rates were last above half a percent, their current level. this increase has been widely flagged, it would be a big surprise if it did not happen. the main reason the bank of england wants to do it is to keep a lid on inflation and in particular wage inflation. so, inflation is currently at two the bank of england's target is to keep it at or below two percent. there is a risk with unemployment very low as it is, there will be increase in competition for workers in the future and that could start to creep up. there is also the fact that debt levels in the uk are rising. there is an indication that the bank would like us to be borrowing less an
with me is our business c0rrespondent, theo leggett.uge surprise if this increase did not come but if that is the case, what is the purpose of this increase after quite a long time? absolutely, since before the financial crisis, more than ten yea rs financial crisis, more than ten years since financial crisis, more than ten yea rs since interest financial crisis, more than ten years since interest rates were last above half a percent, their current level. this increase has been widely flagged,...
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Aug 8, 2018
08/18
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theo leggett, why does he think it is the best way forward?d answer questions, and he thinks puts the emphasis on short—term, rather than his long—term strategy of building up the company. he wants to ta ke building up the company. he wants to take it private, that makes although the company will still have to issue accounts, it won't have to answer to shareholders every three months. so it won't have those problems. also, tesla shares tend to get sold by people who are gambling on a falling market, so there is an incentive for some investors to benefit from tesla shares falling, so from bad news about tesla, and he thinks it will discourage that behaviour. what would his long—term strategy be? how divergent is it from what is happening at the moment? the company started out as a make of a small number of luxury electric cars, and he wants to be a mass—market car—maker. the new car that they have released, the model 3, is meant to be cheaper and easierfor people to be cheaper and easierfor people to buy, but there has been a huge focus on gett
theo leggett, why does he think it is the best way forward?d answer questions, and he thinks puts the emphasis on short—term, rather than his long—term strategy of building up the company. he wants to ta ke building up the company. he wants to take it private, that makes although the company will still have to issue accounts, it won't have to answer to shareholders every three months. so it won't have those problems. also, tesla shares tend to get sold by people who are gambling on a...
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Aug 31, 2018
08/18
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our business correspondent theo leggett is here. the mind us what crossrail is.tructure and economy? is it so important to the country's infrastructure and economy7m is it so important to the country's infrastructure and economy? it is one of the biggest infrastructures project in a generation. it is connecting east and the west london with a new link, with 26 males of new tunnels, ten new stations, 31 new tunnels, ten new stations, 31 new stations being refurbished. it is expected to increase london's transport capacity by 10%, and contribute £42 billion to the uk economy. being a little bit cynical, you might say with a project that has lasted ten years, maybe nine months extra on top of the schedule is to be expected, but it is very embarrassing for those involved. what are the reasons for the delay? crossrail limited says that most of the infrastructure has been completed, but they are finishing off my equipping tunnels, integrating signalling systems, developing computer software, and it seems they have run out of time to do that. on top of that, they need t
our business correspondent theo leggett is here. the mind us what crossrail is.tructure and economy? is it so important to the country's infrastructure and economy7m is it so important to the country's infrastructure and economy? it is one of the biggest infrastructures project in a generation. it is connecting east and the west london with a new link, with 26 males of new tunnels, ten new stations, 31 new tunnels, ten new stations, 31 new stations being refurbished. it is expected to increase...