Business Live: 17 February 2014

Live text

Reporting:

  • Joe Miller 
  • Ian Pollock 

Last updated 17 February 2014

STANDARD 06:00

Joe Miller, Business Reporter

Good morning, and welcome to Business Live. The Chartered Institute of Professional Development (CIPD) reports on UK employment prospects, and Co-op bank lays out plans to restore its ethical image.

STANDARD 06:00

Ian Pollock, Business reporter, BBC News

You can get in touch by emailing us at bizlivepage@bbc.co.uk or tweeting @bbcbusiness.

STANDARD 06:04 CO-OP ETHICS

The Co-op

The Co-op group is asking its customers how it should operate in the future. It has put adverts in UK national papers asking how it can improve after the worst year in its 150-year history. The group's chief executive, Euan Sutherland, will be on Radio 5 live just after 07:00 this morning.

STANDARD 06:10 READER'S DIGEST

The Telegraph reports that Reader's Digest has been sold for just one pound by Better Capital to a venture capitalist whose former television company created Bob the Builder. The sale marks another step in the magazine's chequered history.

STANDARD 06:17 JAPAN GDP

Tokyo

Japan's economy grew at an annual rate of just 1% in the three-month period to December, significantly lower than expected. However, this was the country's fourth straight quarterly expansion. The figures will be seen as a measure of whether the Japanese prime minister's flagship 'Abenomics' policy is working.

STANDARD 06:17 HOUSE PRICES

Estate agent's window

The property website Rightmove says house sellers are jacking up their asking prices. According to its data, prices in estate agents' windows are 7% higher than a year ago, at an average of £251,964 in England and Wales.

STANDARD 06:23 PRODUCTIVITY PUZZLE

Radio 4

The latest survey from the Chartered Institute of Personnel and Development (CIPD) reveals that recruitment in the UK is still very positive. But if the number of people in employment is rising, why are productivity levels not rising in line with employment? "Nobody knows, even the Bank of England doesn't really know," Sarah Hewin, from Standard Chartered Bank tells Today. But she says weak business investment may be partly to blame.

STANDARD 06:28 HAVE A LAUGH

Today's Dilbert cartoon should ring a bell for anyone who has to get up in the middle of the night to get to work. Like me and Joe.

STANDARD 06:39 INDIA BUDGET

India"s Finance Minister Palaniappan Chidambaram

India's finance minister is presenting his interim budget today. He has a tricky balancing act. Lowering taxes could appease voters in the run up to elections in May, but keeping the budget deficit in check is also a huge priority, as the economy faces its worst economic slowdown in nearly a decade.

STANDARD 06:51 GOOGLE ACQUISITION

Slicklogin

Google has acquired an Israeli start-up which develops technology that allows websites to verify a user's identity using sound waves. SlickLogin works by playing a uniquely generated, nearly-silent sound through computer speakers, which is picked up by an app on the user's smartphone.