- UK GDP grows by 0.8% in third quarter.
- Ineos decision due on Grangemouth.
- Twitter plans to raise $1.4bn in IPO.
- Anthony Reuben
- Edwin Lane
Last updated 25 October 2013Share
0600Edwin Lane, Business reporter, BBC News
Good morning everyone. Welcome to another Business Live where it's GDP day in the UK. We will be bringing you all of that, plus the rest of the morning's business headlines and the best of the BBC's business coverage as it happens.
0600Anthony Reuben, Business reporter, BBC News
Good morning. There's no question that the economic growth figures due out at 09:30 will be our top story. Let us know what you think the figure is going to be - we'll be creating our own live page GDP forecast! E-mail firstname.lastname@example.org or tweet @bbcbusiness.
0601 UK ECONOMYRadio 5 live
The first prediction of the day comes from Philip Shaw of Investec, who tells Wake Up To Money that he think's we'll see GDP growth of 0.8% today. "The economy is still fragile, but I'm more confident now that recovery is sustainable than at any point in the last four years," he says.
0602 TWITTER IPO
Twitter has unveiled the price range for its shares as it prepares for its initial public offering (IPO). In a filing on Thursday, Twitter said it plans to sell 70 million shares priced between $17 and $20 (£10 - £12) to raise up to $1.4bn (£865m). The offering represents 13% of Twitter and values it at as much as $11bn.
0603 OVERNIGHT RESULTS
Lot of earnings being reported overnight in the US and in Asia. Microsoft saw its profits surge 17% in the July-to-September quarter from a year earlier. Samsung Electronics had another record breaking quarter. And there was good news for Amazon as well with its losses in the third quarter narrowing.
It's still all happening at Grangemouth this morning, where workers are hoping that operator Ineos will grant a reprieve for the closure-threatened petrochemicals plant when it makes a statement later this morning.
0607 EARLY FACTRadio 5 live
Wake up to Money listeners have already learned something this morning. Apparently the indentation on the top of a brick is called a frog. Good job Dominic Laurie was at a brick kiln to answer than one! More from him in Breakfast.
0618 UK ECONOMY
The influential National Institute of Economic and Social Research reckons that the economy grew 0.8% in the third quarter of the year. It also points out that that would mean the current level of GDP is 2.5% below its pre-recession peak reached in January 2008.
0622 EU TAXBBC World News
The top story on World Business Report this morning is that EU leaders are expected to consider reforms to EU corporate tax laws, in response to complaints that companies such as Google, Apple and Amazon are avoiding tax. The French proposal is for a Europe-wide tax on digital companies.