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BBCNEWS World Business Report July 6, 2024

hello there. we start here in the uk, where we are about to find out if the economy has fallen into recession that s defined as two quarters in a row of negative economic growth. we already know the uk s entire economic output, or gross domestic product, shrank in the three months to september by 0.3%. injust over an hour, we get gdp figures for october to december. anotherfall would mean the uk is officially in recession. let s talk to melanie baker, senior uk economist at royal london asset management. her group managing funds worth over £150 billion. melanie, what is your prediction? for what we will hear today? fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter ....

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BBCNEWS BBC News July 7, 2024

and electricity prices. the government has spent billions of pounds keeping the company afloat since it went into administraton. the deal means octopus will take on bulb s 1.5 million customers. our business reporter ramzan kamali has the details. bulb biggest green energy company. it was the biggest energy company to go bust. last november bulb went into administration. it was only kept going by the government which pumped hundreds of millions of pounds into the business but now a deal has been struck that it is hoped will give relief notjust to customers and taxpayers but also hundreds of staff. today octopus were confident that the takeover of bulb s customers would be smith. octopus has great experience of bringing large numbers of customers across, so for example when the largest to date failed we were able to look after those customers and staff pretty seamlessly, and i think with bulb the experience we have got means we are probably the natural choice. in means w ....

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BBCNEWS BBC News July 7, 2024

it s expected to reach the capital manila later today. coming up at 2.30 in we are england, we follow the night road teams working against the clock to maintain the a1. good afternoon and welcome to bbc news. the household energy supplier octopus energy has reached a deal to buy bulb, which was one of the largest energy companies to collapse last year because of soaring wholesale gas and electricity prices. the government has spent billions of pounds keeping the company afloat since it went into administraton. the agreement means octopus will take onboard bulb s 1.5 million customers. bulb is the biggest - green energy company. it was the biggest energy company to go bust. last november, bulb found itself in administration. it was only kept going by the government, who pumped hundreds of millions of pounds into the business, but now a deal has been struck that it is hoped will give relief notjust to customers, taxpayers but also hundreds of staff. today, octopus were co ....

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BBCNEWS BBC News July 7, 2024

members are on strike. and at 3.30pm on the bbc news channel, talking business with aaron heslehurst. good afternoon and welcome to bbc news. the household energy supplier 0ctopus energy has reached a deal to buy bulb, which was one of the largest energy companies to collapse last year because of soaring wholesale gas and electricity prices. the government has spent billions of pounds keeping the company afloat since it went into administraton. the agreement means 0ctopus will take onboard bulb s one and a half million customers. our business reporter ramzan kamali has the details. bulb is the biggest - green energy company. it was the biggest energy company to go bust. last november, bulb found itself in administration. it was only kept going by the government, who pumped hundreds of millions of pounds into the business, but now a deal has been struck that it is hoped will give relief notjust to customers, taxpayers, but also hundreds of staff. today, 0ctopus were conf ....

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BBCNEWS BBC News July 6, 2024

a record low. and in the australian open, andy murray beats italian matteo berrettini in a thrilling five set first round match. hello and welcome to the programme. social media bosses could face jail if they repeatedly fail to protect children from online harm, under new changes to the online safety bill. the prime minister rishi sunak agreed to calls for tougher punishments as part of the legislation after his own backbench mps prepared to vote against the bill. the new legislation begins its final stages in the house of commons today but lucy powell, labour s shadow secretary of state for digital, culture, media and sport, says the bill doesn t go far enough. we would go further in terms of the measures that take buses would be accountable for so we are notjust looking up the narrow issue of directly causing harm to children which is what really the bill has been massively scaled back to focus on measures that tech buses would be accountable for. so things like vi ....

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