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Live Reporting

By Dan Macadam

All times stated are UK

  1. 'We should be prepared to walk away'

    Today Programme

    BBC Radio 4

    Theresa May

    Theresa May has long hoped to achieve a "deep and special partnership" with Europe at the end of the Brexit negotiations, but one economist doesn't think that the UK needs one.

    "Where I differ from other economists is that I think it's perfectly possible for Brexit to deliver some very good results for the UK even if we don't get that [trading relationship]," Roger Bootle, chairman of Capital Economics tells the Today programme.

    If there is no overarching trading relationship, Mr Bootle thinks the UK will be fine just using the World Trade Organisation's rules to trade.

    "It is perfectly feasible, we should hold no fears at all," he says.

    "I think if the EU does not play we get closer and closer to the deadline, I think we should be perfectly prepared to walk away."

  2. 'Brexit uncertainty means businesses won't commit'

    Today Programme

    BBC Radio 4

    UK and EU flags

    According to economist Vicky Pryce, when it comes to Brexit, businesses are being left in limbo.

    They are not sure whether the UK will end up with a trade relationship with the EU, and how the rules will fall for people wanting to move abroad or to the UK to live during and after the transition period, she says.

    "This uncertainty has created quite a lot of unwillingness to commit to any kind of long-term strategies in the UK by a number of UK firms and foreign firms looking to set up here," she says.

    Ms Pryce is chief economic advisor at the Centre for Economics and Business Research.

  3. Tuna goes for $323,000 at Tokyo fish market's final New Year auction

    In the final New Year's auction at Tokyo's famed Tsukiji fish market the owner of an international sushi restaurant paid 36.45 million yen ($323,195) for a 405-kg (890 lb) premium Pacific bluefin tuna - around 90,000 yen per kg.

    Hiroshi Onodera, the president of Leoc Co, which owns the "Ginza Onodera" restaurant chain, said he was "very happy" with the result.

    The world's largest fish market, one of Tokyo's most popular tourist sites, is set to relocate later this year to clear the way for a road needed for the Tokyo 2020 Olympics.

  4. Surfwear giants merge in Billabong deal

    Simon Atkinson

    Asia Business Reporter

    A surfer dude

    Not often we get to use a picture of a surfer on the Business Live page.

    But today there's an excuse. Australian surfwear brand Billabong has been bought by rival Boardriders (formerly known as Quicksilver) for about $155m (£114m).

    Billabong suffered a $58m wipeout last year, which was triple its loss for 2016.

    The company sells clothing under eight different brands and sponsors surf events around the world.

    Boardriders is owned by US private equity fund Oaktree Capital Management, which was already a major Billabong investor.

  5. The difficulties in recycling coffee cups

    Today Programme

    BBC Radio 4

    Barista reaching for a disposable coffee cup

    MPs are calling for a 25p "latte levy" on disposable coffee cups - and a total ban unless recycling improves.

    China recently decided to ban foreign imports of almost all types of recycled waste. The UK ships up to 500,000 tonnes of plastic to China every year, because it cannot cope with recyling on its own.

    Half a billion disposable coffee cups, which are made from plastic and paper, go to landfill annually.

    "We're paper makers and we see coffee cups as an excellent source of material," Phil Wild, chief executive of James Cropper Paper tells BBC Radio 4's Today programme.

    "The challenge that we've got is that the plastic is heat-sealed to the inside of the cup and it's extremely difficult to remove."

    James Cropper Paper had to develop a special process to remove the plastic from the paper.

    Even with that effort, and that of other plants in the UK, only 1% of cups are recycled at the moment.

  6. Premier League 'should lower ticket prices' says Kompany

    BBC Radio 5 live

    Vincent Kompany

    Manchester City captain Vincent Kompany, who has recently completed an MBA, has told Wake Up to Money that Premier League clubs could improve their fortunes by cutting ticket prices.

    That would create a better atmosphere and make it even more likely that they would win at home.

    "The reason why the competitive advantage exists is because it's a TV product. The value in a TV product exists in the fact that you've got people in the stadium who are loud and make a lot of noise and atmosphere, and that as well has a benefit to home advantage.

    "Therefore, my suggestion would be actually to say OK, use that competitive advantage to lower the price for the fans...

    "We know that the Premier League can still grow a lot, because there's so many markets - India, China - all these big markets who are still untapped at the moment. But the question is, at what point do you reach breaking point where you've squeezed so much out of your people at home, and almost creating this situation where if you fall, you fall really hard."

  7. 'Start-ups are risky'

    BBC Radio 5 live

    Last year saw record UK tech investment of nearly £3bn, with London-based firms attracting the lion’s share of funding, suggests data from London & Partners, a firm which promotes London.

    Pip Jamieson is founder of tech start-up The Dots, an app which aims to connect creative professionals and freelancers to new jobs.

    She says her firm has just completed a second round of investment which raised £4m from high net worth angel and "super-angel" investors in syndicates. She didn't try getting funds from banks or the stock market.

    "Start-ups are risky. That sort of cash isn't available for people like me. Next stage maybe," she said.

    "People like Deliveroo have been raising a huge amount of money from what you call venture capitalists, but then there are the long tail, there's lots of businesses like mine that are doing £4m tickets, but there's also a huge amount of start-ups who are raising like £50,000 or £100,000 through crowd-funding platforms."