- Howard Mustoe
- Russell Hotten
Last updated 3 June 2014Share
Howard Mustoe, Business Reporter
Good morning and welcome to the business live page, running a slightly later service today. Stay with us for the top business stories.
Russell Hotten, Business Reporter
Good morning from the live page team. Please get in touch via firstname.lastname@example.org and on twitter @BBCBusiness
07:00 INDIA RATES
India's hawkish central bank kept key interest rates unchanged at its first meeting to set monetary policy since new Prime Minister Narendra Modi took office. The Reserve Bank of India said the benchmark repo rate, at which it lends to commercial banks would remain steady at 8%.
07:11 HOUSE PRICESRadio 5 live
Echoes of previous housing booms come to mind after warnings on Wake Up to Money by David Braithwaite, a mortgage broker with Citrus Financial Management. "We are speaking to people who are frightened that if they don't get on the housing ladder now they are going to be missing out… People panic-buy. They are stretching themselves so they don't miss out."
07:15 FOXTONS CEO
Foxtons Chief Executive Michael Brown will step down after 12 years for personal reasons, according to the estate agents. He will stay on the board as a non-executive director of the firm, which floated on the stock market last year.
07:23 PIRACYRadio 5 live
There's been a lot of attention in Europe on piracy off the coast of Africa. But Wake Up to Money has been highlighting that Asia remains the major trouble spot for big cargo vessels. Of 72 cases globally reported this year, more than 60 were in South East Asia, especially along the Strait of Malacca. Worryingly, investigators say many of the hijackings are inside jobs.
07:30 MARKET UPDATE
Tokyo's leading shares rose 0.66% on a weaker yen and continued advances on Wall Street, with the benchmark index finishing above 15,000 for the first time in two months. The Nikkei 225 index added 98.33 points to end at 15,034.25, its first close above 15,000 since April 4.
Wolseley, which supplies building materials, said revenue for continuing business is up 3.3% to £9.34bn. In terms of outlook, the USA has "continued to grow well" while things are more challenging in continental Europe.
07:46 PUB RULES
Publicans tied to large pub companies are to get new rights, according to the Department of Business, Innovation and Skills. A new adjudicator will be set up to resolve disputes, it said. Tied tenants must buy beer from their company, and often have to pay higher prices for it.