Shell job cuts confirmedpublished at 07:16
BBC economics editor tweets
Summary
Shell's annual profits crash but shares jump
Bank of England governor Mark Carney ' too aggressive' on rates threat
Halifax house prices jump 9.7% in three months to January
SSE to close coal-fired power unit
Sumner Redstone steps down as CBS chairman
Shell job cuts confirmedpublished at 07:16
Shell quarterly profits downpublished at 07:10
BBC economics editor tweets:
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End of twitter postShell profits tumblepublished at 07:08
BreakingShell's annual profit for 2015 have come in at $3.8bn (£2.6bn) on a current cost of supplies (CCS) basis. That's somewhat lower than the $19bn it managed in 2014.
Carney 'too aggressive' on interest rate rise threatpublished at 07:07 Greenwich Mean Time 4 February 2016
The governor of the Bank of England has been "too aggressive" in suggesting interest rates may rise, one of world's leading authorities on the turmoil in global markets has told the BBC's economics editor Kamal Ahmed
Dominic Rossi, the head of global equities at Fidelity, the world's second largest fund manager, said Mark Carney had confused the markets.
He said the Bank had been "poor" at understanding why inflation was so low. He also said that interest rates were unlikely to rise in the near future.
Age UK under firepublished at 06:58
Image source, PAEnergy industry regulator Ofgem will examine claims that Age UK has been promoting unfavourable gas and electricity deals in return for cash.
The Sun newspaper claims energy deals offered by the charity with supplier E.On may have been much more expensive than its cheapest offers. In return, the Sun claims that Age UK had received about £6m from E.On.
Age UK has rejected the allegations, while E.On said its tariffs were competitively priced.
El-Erian: Spend to 'turbocharge' growthpublished at 06:51
Today Programme
BBC Radio 4More from Today's interview with influential investment expert Mohamed El-Erian. He's worried about the global economy sinking back into recession unless companies use their "tons of cash" for investing in growth rather than spending it on dividends and share buy-backs.
He wants companies - and governments - to be "obsessed with growth" and spend on growth and job creation. "If they do that, they will be surprised by their impact," El-Erian says, as it would "turbocharge" growth.
The property ladder puzzlepublished at 06:44
BBC Radio 5 Live
Image source, Getty imagesBoss of house builder Taylor Wimpey, Peter Redfern, is chairing a review into the housing market that has been commissioned by the Labour party. He's looking at the problems people face getting onto the property ladder and his mission is to discover why home ownership has fallen in the UK every year for the past five years.
On the face of it the answer seems pretty simple: build more properties. But apparently it's not that simple.
"If we started building a significant number of houses then house prices might fall," Mr Redfern tells Wake Up to Money. "But the truth is we're struggling to build up to a level that keeps prices at broadly the current level, let alone cause prices to fall."
The solution, he reckons, is far more complex and will involve a range of factors including better access to mortgages.
Toshiba in the redpublished at 06:36
Image source, Getty ImagesMore red ink from Japan today: Toshiba said expects to lose £4.1bn this year as the company deals with the aftermath of an accounting scandal.
The new forecast, revised up from an earlier estimate of £3.15bn, comes as Toshiba said it lost £2.8bn in the nine months to December, reversing a profit from a year earlier.
El-Erian: Policymakers 'playing a different tune'published at 06:27
Today Programme
BBC Radio 4
Image source, ReutersMohamed El-Erian is on Today talking about the risks faced by the global economy. The adviser to Barack Obama and former chief of influential investment firm Pimco is worried about the "low level" of coordination among policymakers.
"They have enormous trouble in communicating," he says. For example, there was no guidance on the balance of risks to the US economy in the latest Federal Reserve policy statement, he said.
"That is a huge statement and a consequential one. I've never seen such a low level of global policy co-ordination. Each part of the global orchestra is playing a different tune."
Sharp sinks to huge losspublished at 06:20
Image source, Getty ImagesSharp, the struggling Japanese electronics giant, has posted a 108bn yen (£630m) net loss for the nine months to December - far worse than the 7.1bn yen loss for the same period in 2014. The red ink comes as the company said it would opt for a takeover bid from Taiwan's Foxconn over one from a Japanese state-backed fund.
Foxconn, best known for assembling Apple's iPhones, has offered to invest about €700bn yen in Sharp - thought to be more than double the amount of investment proposed by the Japanese fund.
Arabian gamespublished at 06:14
BBC Radio 5 Live
Image source, Getty ImagesAhead of Shell's results at 07:00, Jane Foley of Rabobank tells Wake Up to Money that Saudi Arabia is playing a game to keep oil supplies high in a bid to squeeze out other producers.
One consequence of the slide in oil prices has been the number of job losses in the sector, she adds: "An awful lot of people are feeling the pain."
Bottom of the barrel?published at 06:07
Coming up on Business Live on BBC World and the News Channel:
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End of twitter postGood morningpublished at 06:00
Welcome to another day of Business Live - we have Vodafone results coming up at 07:00 and the Bank of England Inflation report at midday, plus much more. Stay with us.