- Rebecca Marston
- Ian Pollock
Last updated 29 August 2014Share
06:00Ian Pollock, Business reporter, BBC News
Good morning, we are here again, to keep you informed, educated and possibly entertained.
06:00Rebecca Marston, Business reporter, BBC News
All of that. Stay with us - we're here 'til 13:00.
06:03 GOOGLE DRONE
Overnight, Google said it was developing drones to act as flying delivery vehicles. The company calls it Project Wing. But it said it would take many years to create a service with lots of drones making lots of deliveries every day. More here.
06:14 HOUSE PRICES
The gap between house sellers' asking prices and actual selling prices is widening, says the property website Hometrack. It explains that the market is cooling down, at least in terms of prices. It says sellers in England and Wales typically got 96% of their asking price in August, falling back for the third month in a row. But it adds house prices only tend to start falling when the percentage of the asking price that sellers achieve falls below 94%.
06:22 EUROZONE ECONOMYRadio 5 live
Wake Up to Money ponders whither the eurozone? This week France had to re-appoint its cabinet because of its failing economy. Italy re-entered recession earlier this month and even German GDP was down slightly in the latest quarter. Kathleen Brooks, from Forex.com tells the programme: "Some economies are falling at a faster rate than others but what we've really seen is the core economies Germany and France lagging behind Spain."
06:35 CO-OP VOTEBBC Radio 4
Big changes to the structure of the deeply troubled Co-op group will be put to a ballot of members tomorrow. Phil Dorrell, of consultants Retail Remedy, tells Today that even if the changes go through, a new leadership will have lot of work to do. "This will be a large step-change. My one concern would be that it probably shouldn't be the final change for the Co-op, they should consolidate, make sure they get their businesses back on track, and then have another look at it in a couple of years time."
06:49 VIRGIN AUSTRALIA
Virgin Australia overnight announced losses of A$355.6m (£200.5m) for the year - more than three times its loss last time. It blamed "weak consumer sentiment" and too many planes - like its rival Qantas which reported its results yesterday.
07:05 TESCO PROFIT WARNING Breaking News
Tesco says its profits will be lower than expected. Dividends to be cut.
07:08 TESCO PROFIT WARNING
Tesco has brought forward the start date for Philip Clarke's replacement David Lewis as boss. He now starts the job on Monday.
07:10 TESCO PROFIT WARNING
"We now expect trading profit for 2014/15 to be in the range of £2.4bn to £2.5bn. Trading profit for the six months ending 23 August 2014 is expected to be in the region of £1.1bn."