Business Live: Thursday 19 June 2014

Live text

Reporting:

  • Ben Morris 
  • Simon Tulett 

Last updated 19 June 2014

STANDARD 05:59

Ben Morris, Business Reporter

It should be an interesting morning, with insights into the car market and mortgage lending. You can contact us at bizlive@bbc.co.uk and @bbcbusiness.

STANDARD 06:00

Simon Tulett, Business Reporter

We'll also find out how falling inflation is affecting our spending habits, with the latest retail sales figures. Stay with us until 13:00.

STANDARD 06:03 AMAZON SMARTPHONE

Amazon Smartphone

Amazon has unveiled its first handset, offering 3D visuals - thanks to four face-tracking cameras. The Fire Phone allows its user to change an image's perspective by moving their head. It can also recognise millions of objects and offers users the opportunity to buy them on (you guessed it) Amazon.

STANDARD 06:09 TSB VALUED

TSB sign

Lloyds Banking Group is likely to value TSB at £1.3bn, according to the Financial Times. That's almost £300m less than Lloyds values TSB in its own accounts, the FT says. As a result Lloyds could be left with a hefty paper loss, it adds. The report says that Lloyds will price the shares later on Thursday.

STANDARD 06:16 AMAZON SMARTPHONE

Radio 5 live

What's the verdict on Amazon's smartphone? BBC North America technology correspondent Richard Taylor was at the phone's launch. "It's certainly novel," he says on Wake Up to Money. The 3D does have a "wow" factor. Todd Bishop, editor of Geekwire, says the phone will stand out, but wonders whether it will be seen as gimmicky. He sees "single digit" market share.

STANDARD 06:23 CHILD ENTREPRENEURS

Radio 5 live
school

Should entrepreneurship be taught in schools to children as young as five? That's what Wake Up to Money is asking this morning. It's one of the proposals from Lord Young, the government's adviser on competitiveness, in a report due to be released today. Rose Marley, who runs a project supporting young tech entrepreneurs in Manchester, says schools are "inherently non-entrepreneurial".

STANDARD 06:35 ARGENTINA DEBT

BBC Radio 4

Argentina is heading towards a default after losing a long-running legal battle against hedge funds that own its government bonds. On Today Stuart Culverhouse, head of research at Exotix, says the hedge funds are in a strong position. He adds that the latest court decision could make it harder to reach debt restructuring agreements in the future.

STANDARD 06:46 CHILD ENTREPRENEURS

Radio 5 live

Watch out schoolteachers! Those plans for entrepreneurship lessons could lead to much more difficult classrooms. "The things that make you entrepreneurial like risk-taking and non-conformity are the sorts of things that get you expelled from school," Rose Marley tells Wake Up to Money.

STANDARD 06:49 UK CAR PRODUCTION

Nissan Sunderland

Spring shutdowns at some car plants resulted in a 9.8% fall in UK car production in May, according to the Society of Motor Manufacturers and Traders (SMMT). But the prospects for the rest of the year remain bright, thanks to new UK-built models, the industry body says.

STANDARD 06:59 CHINA DEALS

BBC Radio 4

Mark Boleat, policy chairman of the City of London Corporation, was at Wednesday's banquet for Chinese Premier Li Keqiang. The latter made a "very warm speech" and spoke with "great enthusiasm" about the UK, Mr Boleat said. He adds that the Chinese market is still "pretty closed" to UK financial firms, but they are poised to benefit when the market is opened up.