Business Live: UK GDP figures plus headlines

Live text

Reporting:

  • Edwin Lane 
  • Ben Morris 

STANDARD 0600

Edwin Lane, Business reporter, BBC News

Good morning everyone. It looks like a busy day this morning. Those growth numbers from the UK are expected to be pretty positive. Get in touch with us at bizlivepage@bbc.co.uk or tweet us @BBCBusiness.

STANDARD 0600

Ben Morris, Business Reporter

We'll find out how the UK economy performed in the final months of last year with the latest GDP figures at 09:30. Also there were some disappointing results from Apple. Stay with the Business Live page.

STANDARD 06:04 UK GROWTH

Radio 5 live

Ahead of this morning's UK growth figures, Wake Up to Money holds a discussion on the economy. Business investment is a concern - Katja Hall from the CBI says it's not high enough, but she thinks it will pick up. Lesley Batchelor from the Institute of Export says a lack of investment is becoming a real issue, particularly for exporters because going into a new market requires time and money.

STANDARD 06:07 APPLE RESULTS

iPhone

Apple has disappointed some analysts with its iPhone sales and reported no growth in profits for the three months between October and January. Apple said it sold a record 51 million iPhones, but set a lower sales outlook for 2014. It's shares fell in after-hours trading in the US last night.

STANDARD 06:10 APPLE RESULTS

BBC World News

The BBC's North America technology correspondent Richard Taylor tells World Business Report that questions are being asked about the sustainability of growth at Apple. Analysts say the company needs to innovate and produce real game changing products if they are going to stay on top of their game and products like an Apple watch or television are being rumoured, he says.

STANDARD 06:11 RBS LOSSES

Radio 5 live
RBS HQ

Wake Up to Money discusses the further losses at RBS with Alex Potter, banking analyst at Mirabaud Securities. He says the idea of selling off RBS any time soon sounds like "pie in the sky". But he thinks there is a good bank hiding in the middle of RBS and at some stage the "little diamond" will be revealed.

STANDARD 06:21 RBS LOSSES

Radio 4

Colin McLean from SVM Asset Management tells the Today programme that we still haven't drawn a line under the problems at RBS, following the losses announced last night. But he says we shouldn't give up on getting our big taxpayer investment back. "Once things start going right it could happen quicker than you think," he says.

STANDARD 06:27 ROYAL FINANCES

Queen Elizabeth II

"Queen down to her last million" reads a headline on the front page of today's Daily Telegraph. It picks up on a report by the Commons Public Accounts Committee which found that the Queen's advisers were failing to control her finances. Royal palaces are "crumbling" the Telegraph report says.

STANDARD 06:30 UK GROWTH

Radio 4

More discussion of the economy ahead of growth figures later. Economist Ruth Lea says it's "an old-fashioned consumer-lead recovery", backed by the housing market. She says we shouldn't be too worried that investment has yet to pick up. "Investment always does lag on growth," she says. "I always thought it was bizarre that the government thought it could have an investment-led recovery."

STANDARD 06:36 UK GROWTH

For those that like numbers, analysts are expecting growth of 0.7-0.8% in the final three months of last year. That would mean annual growth in 2013 was 1.9-2%, the strongest since 2007.