Business Live: UK GDP figures and business headlines

Key points

  • UK GDP grows by 0.8% in third quarter.
  • Ineos decision due on Grangemouth.
  • Twitter plans to raise $1.4bn in IPO.

Live text

Reporting:

  • Anthony Reuben 
  • Edwin Lane 

Last updated 25 October 2013

STANDARD 0600

Edwin 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.

STANDARD 0600

Anthony 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 bizlivepage@bbc.co.uk or tweet @bbcbusiness.

STANDARD 0601 UK ECONOMY

Radio 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.

STANDARD 0602 TWITTER IPO

Twitter logo

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.

STANDARD 0606 GRANGEMOUTH

Grangemouth

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.

STANDARD 0607 EARLY FACT

Radio 5 live
a brick

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.

STANDARD 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.

STANDARD 0622 EU TAX

BBC 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.