Business Live: Sainsbury's sales fall plus headlines

Live text

Reporting:

  • Ian Pollock 
  • Edwin Lane 

Last updated 18 March 2014

STANDARD 06:00

Edwin Lane, Business reporter, BBC News

Good morning everyone. There's reaction this morning to sanctions placed on 21 Russians and Ukrainians yesterday. Stay with us for that and the rest of the business headlines.

STANDARD 06:00

Ian Pollock, Business reporter, BBC News

And hello from me. More later. Get in touch with us at bizlivepage@bbc.co.uk or on Twitter @BBCBusiness.

STANDARD 06:05 FINANCE SURVEY

BBC Breakfast

The BBC's Breakfast TV programme has carried out a survey of what people think about their personal finances. Apparently 70% thought their financial position would not improve by the end of this year. And a quarter said their personal financial position was causing them stress.

STANDARD 06:11 SANCTIONS

BBC World News

World Business Report hears from Bill Browder, the boss of Hermitage Capital blacklisted by the Russians. He says the list of Russians and Ukrainians sanctioned by the EU is quite short and is likely to grow as the situation in Ukraine escalates. But he warns: "Talking nicely doesn't work with a country like Russia, which works with the power of the boot, not the tongue."

STANDARD 06:13 FINANCE SURVEY

BBC Breakfast

More from that Breakfast TV survey. Despite the downbeat message, 60% of respondents said they had money left over at the end of the month for saving. More than 40% expect to get a pay rise this year. And 25% thought they were in line to get a rise of 2% or more.

STANDARD 06:16 AO.COM

Radio 5 live

John Roberts, the founder of AO.COM, which floated on the stock market last week, was talking to Adam Parsons on Wake up to Money. Mr Roberts became £86m wealthier, but played this down. "I've never looked at the bank balance. It's not about the money, it's about the growth. It makes no difference to me on a day-to-day basis; I don't want anything to change in my life."

STANDARD 06:22 MARKETS

Radio 4

You might expect the markets to be all over the place in times of geopolitical turmoil, but Simon Jack on Today says they seem to be remarkably calm, and the oil price has actually fallen. Seth Kleinman, from US lender Citi, says any escalation in Ukraine could have a massive impact, but it's difficult for markets to put a price on it.

STANDARD 06:29 GENERAL MOTORS RECALL

GMC Acadia

General Motors has recalled 1.5 million cars in a safety review and says it expects to spend nearly $300m (£180m) on repairs. GM boss Mary Barra recorded a video to apologise for the accidents linked to the recall. "Something went wrong and terrible things happened," she said.

STANDARD 06:32 GLOBAL TRADE

Radio 4

HSBC has released a report forecasting the future of global trade through to 2030. James Emmett from HSBC tells Today that emerging markets like China are trying to catch up with developed economies through sectors like high technology.

STANDARD 06:41 BANK OF ENGLAND

Mark Carney

Mark Carney, Governor of the Bank of England, gives a lecture at 18:00 this evening. He's told the FT what's in it: "The Bank of England is likely to announce an overhaul of its top officials as soon as Tuesday, as Governor Mark Carney prepares to unveil major reforms to the way Britain's central bank is managed." Should be interesting.