- Ian Pollock
- Edwin Lane
Last updated 17 March 2014Share
0600Edwin Lane, Business reporter, BBC News
Good morning all. There's another report into the HS2 project up for discussion this morning, plus George Osborne and Ed Balls get the ball rolling ahead of Wednesday's budget. We'll be here until 13:00.
0600Ian Pollock, Business reporter, BBC News
And good morning from me. Another gruelling day at the digital coalface awaits us. We love it really. Contact us this morning on email@example.com or on Twitter @BBCBusiness.
06:06 UK MANUFACTURINGRadio 5 live
There's a very upbeat report this morning from the manufacturers trade body the EEF. A survey of its members reports strong growth due to rapidly rising exports. The EEF's chief economist Lee Hopley tells Wake Up to Money that "we've seen a solid upturn in activity in the first three months of this year... Definitely there's a clear expectation that things are going to strengthen over the coming quarter."
06:11 ALIBABABBC World News
Alibaba - a sort of Chinese version of eBay - has announced plans to float on a US stock market. That's seen as a blow for Hong Kong, the BBC's Ali Moore in Singapore tells World Business Report. Hong Kong has stricter one-share one-vote rules compared to the US, she says, which has put Alibaba's management off. They want to retain more control over the company.
Build HS2 quicker. That's the message from a report by the project's chairman Sir David Higgins. He also says the high-speed line, planned for completion in 2033, should be extended to Crewe earlier.
06:20 HOUSE ASKING PRICES
Property sellers are cashing in on the revival in property sales by jacking up their asking prices. The property website Rightmove, which advertises most homes for sale, says the average asking price in England and Wales rose 1.6% in the past month to £256,000. That's 7% more than a year ago. In London the average asking price is a whopping £552,000.
06:27 UKRAINEBBC World News
Nina Schick, analyst at the think tank Open Europe, tells World Business Report that the EU could impose targeted sanctions on Russian individuals in response to its actions in Crimea. But she says the huge trade links between Russia and Europe mean there won't be sanctions on Russia as a whole.
06:36 HS2Radio 4
Robbie Owen, a lawyer for Pinsent Masons who represents some of the opponents of the HS2 project, tells the Today programme that the Higgins report could be a turning point. "I think potentially a lot changes," he says. "It is the best articulation of the case for HS2 I have read since the project started in 2009."
06:41 FOREX PROBE
The Financial Times reports that foreign exchange trading teams at several big banks have seen their bonuses put on hold amid the banks' own investigations into the possible manipulation of foreign exchange trades. Barclays, Citigroup and Royal Bank of Scotland (RBS) have all frozen bonuses, the paper says, while internal investigations are ongoing.