strong, especially in paris. and we'll be getting the inside track on a business that's been able to draw on the artistic talents of its founder. we're going to be speaking to co—founder and creative director of wrendale designs. today we want to know, as uk politicians consider offering a price cap on energy bills, we want to know — what purchases would you like to see a price cap on? maybe your daily cup of coffee? let us know. just use the hashtag bbcbizlive. welcome to the programme. centrist emmanuel macron has gone through to the second round of the french election, where he will face far—right leader marine le pen. mr macron, a former banker, is seen as a political outsider, having never run an election campaign before. the euro rose by 2% on the news — its highest level in five months — before giving up some ground this morning. investors had worried that far—leftjean—luc melenchon would beat mr macron, giving voters a choice between two eurosceptic candidates. macron is now considered to be the favorite to win the second round ballot and markets have warmed to his pledge to lower corporate taxes while lightening the administrative burden on firms. however, economic problems and challenges remain for whoever walks into the elysee palace. top of the list, france's unemployment rate is running at around 10%, which is more than twice the rate of the uk and germany. so, how have global markets reacted to the results? theo leggett is at berenberg bank in the city of london. so the euro is soaring and now share markets in europe are soaring too? absolutely. the currency is up, and so are absolutely. the currency is up, and so are the share markets, and it's easy to see why. this isn't about what has happened in the first round of the presidential election as opposed to what has not happened. we now know we will not see a second—round run—off between the far right candidate marine le pen of the national front and jean—luc melenchon, the hard left candidate who models his economic policies on those of people like the later venezuelan leader hugo chavez. for business people, that was seen as the nightmare scenario, two eurosceptic candidates, one of whom wa nted eurosceptic candidates, one of whom wanted to take france out of the euro, and a candidate who favoured extremely high taxation for the rich and a lot of state intervention in industry. that hasn't happened. the run—off will be between emmanuel macron, the centrist reformist candidate, and marine le pen. in that scenario, nearly every poll puts emmanuel macron, and you can see what that has done on the markets. this is the paris stock exchange. as you can see, at the open was up exchange. as you can see, at the open was up more exchange. as you can see, at the open was up more than 5%. it is telling off a bit, but nevertheless, thatis telling off a bit, but nevertheless, that is a relief rally. banking stocks are doing well. that it because the risk premium on bonds is going down, so bond yields are going to go up. things are more settled. but let's not forget that there are two weeks to go before the second round of the presidential election and although emmanuel macron does look like the clear winner according to polls taken today, you can never guarantee anything. and that is the point. once this relief rally tails off and people think ahead to may the 7th, people may wonder what a new government may look like. even if emmanuel macron gets the job, it may be an unusual coalition in france. absolutely. you have to remember where emmanuel macron has come from. his movement was only created about a year ago, and it is a coalition of different interests. it doesn't have a formal party structure and in a few weeks' time, france will go to the polls again for parliamentary elections. emmanuel macron, if he is president, will have to work with the winner of that election. he will have to work with a prime minister to get his policies enacted. he does have a certain level of endorsement from the republicans and from the more mainstream socialists at the moment, but once he is in power and once they are forming a parliament, if he doesn't manage to get enough of his own support, he may find it difficult to enact the platform of hope he has been setting out over the last year. he may find that the reality of life as president is different from the rhetoric of the campaign. theo, thank you very much. let's show you paris right now, a beautiful morning as a new day begins. everyone is of course now looking ahead to make the seventh and the two candidates that remain. we will have more on that later on business live. some of the news now. luxury shoemakerjimmy choo has put itself up for sale, announcing on monday that it is seeking offers. the company, which floated in london in october 2014, has seen sales growth slow, reporting a 2% rise last year compared to 7% in 2015 and 1296 last year compared to 7% in 2015 and 12% in 2014. hsbc recently downgradedjimmy 12% in 2014. hsbc recently downgraded jimmy choo to hold from help to buy as it felt both sales and profits had fallen short. but medical devices and health care giant philips has posted a big jump in first—quarter profits after spinning off its lighting business last year. profits soared to $280 million for the three months to the end of march compared with around 40 million the same time last year. corp profits were up by 18% higher than expected, $480 million. sales we re than expected, $480 million. sales were up 2%. us medical equipment supplier becton dickinson is to acquire a health ca re dickinson is to acquire a health care equipment manufacturer. the acquisition costs will be paid roughly half in cash and debt and the other half by issuing new shares. it comes two years after becton dickinson acquired another company for $12 billion. some interesting news came out of china today. nearly 30 steel firms that have had their production licences revoked for not meeting industry requirements. robin brant is in beijing. what we have here is evidence of fresh consolidation within china's mammoth steel industry, and also evidence of a further clamp—down by the authorities on those firms that refuse to comply with emergency measures when the pollution gets bad in the north of the country, where the steel industry is centred. let me give you a few statistics that show you how big the steel industry is in china. china is trying to move 60%, the majority of its production base, into the hands of ten much bigger companies. that was supposed to happen two years ago, but has been pushed back to 2025. historically, the industry here has been about small—scale production companies. around 300 of some 630 firms have been closed in recent yea rs, firms have been closed in recent years, so firms have been closed in recent years, so that shows you how serious china is about consolidating the industry. it is trying to move 100 million tonnes of production every year from what is currently churned out. this all comes amidst further evidence from the us that donald trump is concerned about steel dumping and anti—competitive measures. the president announced a new probe on thursday. but the us and eu have concerns about china's mammoth steel industry. thank you, robin. let's look at the markets. investors are cheering the news that emmanuel macron came out ahead in the first round of france's presidential election. the euro is strengthening against the yen. that makes exports cheaper to foreign buyers. let's show you the european markets. really interesting, particularly in paris. investors are clearly pleased with the outcome of the french poll. the euro reached its highest level against the dollar for five months. that its highest level against the dollar forfive months. that positive sentiment can also be seen in the bond market. the price of french bonds increased, suggesting that investors have an appetite for french government debt. that lowers the yield and has narrowed the gap between french bonds and german bonds. here is michelle fleury. earning season continues this week. three companies will all be reporting. t mobile is the number three american wireless carrier. it managed to attract new customers and also managed to secure a book of broadcast airwaves in a government auction, making t mobile some stiff competition. meanwhile, halliburton is the world's number two oilfield services provider and while oil prices are picking up, the cost of reactivating will riggs and equipment is putting pressure on earnings. finally, starwars and disney princess dolls gave hasbro a big boost this time last year. comparatively, though, it will be ha rd comparatively, though, it will be hard for the toymaker to meet and beat the numbers from a year ago. that was michelle, giving us a heads up on what is ahead in the us. we have the head of multi—asset is at royal london asset management with us. royal london asset management with us. trevor, are royal london asset management with us. trevor, are you royal london asset management with us. trevor, are you with the share markets and the euro and cheering the outcome of sunday's election in france? it is a positive outcome. one way to look at is that 40% of voters voted for somebody who was anti—euro, so that was a bullet missed the markets, because if france were seriously considering leaving the euro, there would be all sorts of financial stress. you might say marine le pen is through to the second round and she is one of these people who also thinks the euro is not a good idea, but the polls have mac run on 65% versus her 35%, and the polls were pretty accurate in the polls were pretty accurate in the first round, so the markets are taking the good news early. people feel there is a more centrist candidate. so it is notjust the equities market, it is the bonds and the euro reflecting that as well. equities market, it is the bonds and the euro reflecting that as weltm is. you saw those three areas of stress, which are resolved at the moment. there will be some nervousness in the next few weeks ahead of the next round, but most of the good news has been factored in early. this is probably the first of several summer stories. we are heading into the summer period, when the economic activity around the world tends to be quieter and the markets are more fragile. i think we will see a focus on china and the potential us shutdown is the next stories. those stories are in the papers and cover will return for that later. more still to come. we we re that later. more still to come. we were here from the co—founder of a company who had the inspiration for award—winning greeting cards while dudley laugher home with a newborn. you with business live from bbc news. the price of property in the uk continues to rise. online housing portal rightmove says that the prices of homes coming to the market is up 1.1% on last month. but the annual rise of 2.2% is the lowest it's been forfour years — so are prices starting to turn? sam mitchell is from rightmove. tell us more about what has been going on. what can we read from between the lines? it seems to be good news for property markets. obviously, house prices have increased and are up 2% annually, the highest rises we have ever seen. but as you say, house prices are rising but at lower levels than we would expect at this time of year. so that is one way of looking at the health of the housing market. but what really matters is transaction levels. at rightmove, we can see the point where houses are agreed as opposed to when transactions are being done, and we can see that sales are agreed at the highest level we have seen for over a decade, so it is good news for a healthy housing market. but still quite tough for those trying to get on the property ladder. yes, and every month we look at the numbers and it has been difficult for first—time buyers for a long time. but prices have increased 6.5% in the first time buyer sector, which shows the first time buyers have been buying. we have also seen the impact of the 3% stamp duty for investors, which has pulled investors, which has pulled investors out of the property market. they typically by one—bedroom properties, the same as first—time buyers, so they are getting out of the way and the market has freed up space for first—time buyers, who are buying in such numbers that prices are starting to rise again. more detail about that on the business live page. a lot of other stories that we can't fit in this programme. we are always running out of time here. goals in merger talks. it is in take—over talks with rival, power league. you can read more about that on the live page. you're watching business live. our top story: the final round of the french presidential election will be between the centrist politician, emmanuel macron, and the far—right national front leader, marine le pen. that vote will take place in a fortnight. a quick look at how markets are faring. in france, it is up, up and away, up nearly 3.5%. yes, that positive sentiment, investors going back into risk mode and also being seen in the strength of the euro against the dollar and the yen and also yields on french government debt, french bonds coming down and narrowing the debt. now let's get the inside track from a woman with quite an interesting career journey. hanna dale is a zoology graduate who became an investment banker. but her true calling lay elsewhere, on a crowded kitchen table she began drawing and painting, initially to have something to do after the birth of her first child. someone suggested she try her hand at greeting cards as her depictions of animals were so good. the business now sells cards, stationery and gifts all over the world. hannah dale is co—founder and creative director of wrendale designs. she has littered across the table her goods. we have got greeting cards, diaries and cushions, it is kind of more offing into all sorts of things, but i'm fascinated by studying zoology and becoming an investment banker and now running your own company. talk us through that journey? yes, i never really imagined that this is where it would end up, but in some strange way having painting animals and having the business background from work at the business background from work at the bank actually both have contributed to having a successful business. i think the card business really started out as something, a necessity really. i was in lincolnshire. i had a young family. i was qualified as a stockbroker. this wasn't a lot of call for a stockbroker in lincolnshire. i tried a few things. i was really struggling. you were what some people might call a mumprener. but it is something that many have done, career women who have had children, who can't see their way back into their previousjob, starting who can't see their way back into their previous job, starting a company? absolutely, yes. for me it felt like the only option to have something that i could fit around the family that was also going to be challenging and exciting. the family that was also going to be challenging and excitinglj the family that was also going to be challenging and exciting. i wonder if there are any other mumpreners out there, what's the one bit of advice you wish you had been given? just really go for it is the best advice. it is a great time to start advice. it is a great time to start a business because although your hands are full, you have got a young baby and coping with that, it is a natural break from work so it is a good time to try a few different things and the nice thing about greeting cards, it didn't really require a lot of investment. so it was a fairly low risk thing for me to try and as it started to snowball and take off and the cards did well, we started to expand into different products and it really grew organically from there. it is it has grown organically, you have got 25 people working at your company. it isa people working at your company. it is a sizeable business for greetings cards, but it is not on the scale of some companies out there. no. talk us some companies out there. no. talk us through your process and how you wa nt to us through your process and how you want to try and grow more organically and more successfully and then what are you going to do because you've got three children now, you arks tremly busy? the children are getting easier as they're going to school and giving mea they're going to school and giving me a bit more free time, but it has expanded because of the nature of designs lent themselves to our products, that's been a key part of our growth. so we moved into the stationary and moved in the diaries and through licensing, the designs appear on royal western mugs. they are sold in some pretty significant retail nears the uk which is key, isn't it? we supply 1500 independent stockists across the uk. that's our co re stockists across the uk. that's our core market. through the licence with royal worcester, their mugs are stocked atjohn with royal worcester, their mugs are stocked at john lewis with royal worcester, their mugs are stocked atjohn lewis and we export over the world. we launched in the usa over the world. we launched in the us a couple of years ago and that's going really well. so, there are lots of avenues of growth really, but product development is really key and we've just moved into home furnishings doing a range of fabrics. this is a new scar of which is hot off the press. it is the first sample and that's launching later in the year. there are lots of plans for new product development. it started with your artistic designs. are you still the person behind the designs we see on the mugs and the cards? yes, i do all the artwork. having the staff that we have got supporting on the administrative side and helping on all aspects of the business enables me to focus on the artwork and developing that and keeping it fresh and hopefully giving people, giving shops a newness and fresh designs and keeping the displays. shops a newness and fresh designs and keeping the displayslj shops a newness and fresh designs and keeping the displays. i get the impression you are still loving it? i don't feel like i go to work. it is really brilliant. hanna, thank you for coming in. we appreciate it. thanks. now, in this modern 24/7 work culture, work—life balance can be hard to manage, but for harvey bowden, chief executive of a leading uk water softener firm, putting family first has been central to his business ethos. building a business takes an awful amount of energy and time, but don't give it all to the business. i made a decision early on that the most important thing for me was the family, notjust building a big business, but having a business that was big enough, but to spend time with the children as we were raising them, if you want to be a family man, you've got to spend the time to do it so i used to get my diary and write down all the school holidays and take the family down to cornwall for 13 weeks a year which seems incredible, but i used to work like hell during the other 39 weeks to make up for it. actually, get your diary and write in the school holidays and holiday with the children. working is exciting. it's fun. it's interesting and it keeps you going, but so are children. if you spend as much energy with the children as you do with the business, you'll have a great time. idid. some more top tips for you on business live. trevor greetham is here. we asked you what you'd like to see a price cap on? percy says a price cap on tobacco and alcohol and louise saying a price cap on rent and council tax. louise saying a price cap on rent and counciltax. ryan louise saying a price cap on rent and council tax. ryan wants a price cap on cable channels and broadcasters what they charge. oh, controversial, thanks, ryan. trevor, let's talk about the stories we were discussing earlier. donald trump and the prospect of a fiscal cliff going over the edge again the we remember it well from the obama administration? we do. every now and then you need to have official permission to increase government debt beyond a certain point and there is a stand—off coming here, i hesitate to say a mexican stand—off about the mexican border wall. donald trump says the budget should include money for the wall. the democrats don't want that and you can end up with a situation where the government shuts down and they stop paying federal employees and this kind of thing does concern the markets because some of that spending is on infrastructure and wages which help the economy. a risk there for friday, but again, one of these classic donald trump stand—offs. these classic donald trump stand-offs. the way to avoid these cliffs is doing a compromise. it is which side is prepared to budge? donald trump hasn't shown a lot of compromise. uber's boss is in the press again. this is in the new york times. the viewers would have to read this one to appreciate it. but it talks about the fact that he's playing with fire? he is a big risk taker. he always pushes regulatory and legal boundaries to try and get uber into new areas. the strength of the ceo is heing willing to run through walls to get things done and his negative is, he is willing to run through walls to get things done. uber is doing well, but they might push things too far and then things come back again. to find where the line is, sometimes you have to cross it and row back a bit. without that spirit perhaps these companies wouldn't thrive as they would. the best advice is always be nice to everyone. awh, bless you. trevor, you can come back! that's the thought of the day. have a good day. see you soon. hello. all parts of the british isles are set to experience a marked change in weather type over the next few days or so where we forget all about spring and it is back to something a good deal more wintry. the mechanism of change is this weather front introducing colder conditions which are already there across the northern parts of scotla nd across the northern parts of scotland to all parts of the british isles. but monday is a day of transition and this front will take a time before it reaches the southern shores of the british isles. by around about the middle pa rt isles. by around about the middle part of the day, there will be relatively mild air sitting across the southern counties of england and wales. sunshine will have it is appeared as the frontal cloud will have filled in robbing the south of the early brightness and the cloud thick enough for bits and pieces of rain to be dotted there across wales and the midlands and over towards the washment following on, behind brighter skies, yes, but the temperatures rapidly falling away and the wintry showers will be giving away to something more persistent. here is another weather front which will drag the pros private secretary of some continuous snow down and across the eastern side of scotland, maybe giving a centimetre or two to lower levels. five centimetres across the hills of eastern scotland and that prospect gradually through the afternoon working its way down towards the edinburgh area and towards the borders. in the south, before the front comes through, 12, 13, 14 celsius, once the front is through, we will be stuck in double figures. a raw feel in the north—east of scotland. we complete the process during the course of the evening and overnight and eventually the wintry showers will tumble in across northern and eastern parts of the british isles. if you are exposed to the northerly, you may well see showers getting into northern ireland too. a cold and raw feel to the day on tuesday. yes, some sunshine, and if you shelterfrom the day on tuesday. yes, some sunshine, and if you shelter from a northerly, maybe not so many showers, but they will be winteringly nature across northern and eastern parts of the british isles and some will tumble their way across the western shores too. and the figures there tell the tale, but it will feel much, much colder than that even if the south and by wednesday, we still have the wind for the most part out of the north or the north—west. there will be showers across the greater part of england and wales. hello. it's monday, it's 9 o'clock. i'm victoria derbyshire, welcome to the programme. our top story today — a political earthquake in france. the two major parties that have ruled the country for decades have been swept aside — instead, voters will chose between a relative political novice and an anti—immigration, anti—european party. full coverage of the presidential elections throughout the programme. translation: i want to become the president of all the people of france, the president of the patriots, in the face of threats from the nationalists. translation: the time has come to get rid of all the arrogant people who wanted to dictate to the people what they should do. i am the candidate the people. also this morning: caring for an elderly relative 24 hours a day — we've been to meet those who give up their lives to look after a family member.