2 March 2015 Last updated at 10:54

UK house prices fall in FebruaryHouse with a for sale sign

UK house prices dropped in February for the first time in five months, according to Nationwide.


North Sea oil platformOligarch faces North Sea deal block

The UK government says it will block the sale of 12 North Sea oil and gas fields to Russian oligarch Mikhail Fridman.

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A new coinage portrait of the Queen is unveiled, but the image will only appear on coins later this year.

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  1.  
    10:54: Eurozone inflation

    Eurostat also said that consumer prices in the eurozone fell by 0.3% in February, compared with the same month last year, following a 0.6% fall in January. Economists had expected a 0.4% slide. Excluding the cost of energy and unprocessed food, prices rose by 0.6% year-on-year.

     
  2.  
    10:44: Eurozone unemployment

    Eurozone unemployment continued to fall in January, hitting its lowest level since April 2012 as the economy gained momentum. The jobless rate fell to 11.2% from 11.3% in December, with the number of people out of work down by 140,000 to just over 18m.

     
  3.  
    Mobile World Congress Via Twitter

    Nic Fildes, technology and communications editor of The Times, tweets from Mobile World Congress in Barcelona:

    Of all the clunky telecoms buzzwords, "softwarization" is the worst. It sounds like a defunct rave act

    @NicFildes

     
  4.  
    10:13: Mortgage lending
    house building

    The number of loan approvals for house purchases fell to 60,786 in January, compared to an average of 61,666 over the previous six months, the Bank of England said today. The number of approvals for remortgaging was also down, to 31,640, compared with an average of 32,044 over the previous six months.

     
  5.  
    10:00: New coin
    coin

    Here's that new portrait of the Queen for sterling coins. It's only the fifth coin portrait of the Queen in her 63 years on the throne and the first since 1998. New coins bearing the image will now be struck, according to the Royal Mint.

     
  6.  
    Mobile World Congress Via Twitter

    BBC technology correspondent Rory Cellan-Jones tweets:

    Rory Cellan-Jones

    I think it's fair to say that Sony Eye Glass is a work in progress

    @ruskin147

     
  7.  
    09:42: North Sea gas deal BBC World News
    North sea oil rig

    Following the government decision to block the sale of 12 oil and gas fields in the North Sea to Russian oligarch Mikhail Fridman, Daragh McDowell, an analyst at risk analytics firm Verisk Maplecroft tells BBC World Business Report: "To allow Russian investment in North Sea offshore oil would definitely run counter to the spirit, if not the letter, of existing sanctions."

     
  8.  
    Globalisation Via Twitter
    Factory workers in Sri Lanka

    Duncan Weldon, Newsnight economics correspondent, asks whether globalisation is slowing down.

     
  9.  
    09:12: Brand new
    chocolate

    Marks & Spencer, Cadbury and Heinz have all taken a dip in consumers' affections, according to the annual Consumer Superbrands survey. British Airways topped the survey, while messing with the Creme Egg hurt Cadbury. What say you, readers? Which brands do you love - or love to hate? bizlivepage@bbc.co.uk

     
  10.  
    08:57: Pension charges
    Steve Webb

    Pensions minister Steve Webb is worried that the "dark corners" of the investment and pensions industry are hiding some "nasty surprises". As a result, the Financial Conduct Authority and Department for Work and Pensions have called on the industry to help draft new rules on how the cost of workplace pension schemes should be reported to savers. "We have a duty to throw light for the first time on potential hidden charges - and restore faith and fairness in British pensions," Mr Webb says.

     
  11.  
    Mobile World Congress Via Twitter
    Lumia phones

    Leo Kelion, technology desk editor of BBC news website, tweets: #Sony and #Microsoft have new phones at #MWC - but they're not flagships - here's why

     
  12.  
    08:28: Newspaper review
    paper

    The FT reports that Russian billionaire Mikhail Fridman will fight to buy those North Sea gas assets. The Wall Street Journal analyses the complex relationship between mobile operators and social networks and whether they should defriend each other. The Times takes a look at more companies coming forward to tackle RBS's Global Restructuring Group (GRG) and its alleged habit of putting them to the wall. RBS says a legal inquiry found no evidence it "set out to artificially distress otherwise viable businesses", The Times reports.

     
  13.  
    08:13: Watch out
    watch

    Technology fans will be watching the Mobile World Congress, which kicks off in Barcelona today, for the latest gadgets. Manufacturers seem determined to get us to buy a smartwatch. Apple and its rivals such as Samsung are trying to make the things prettier and more useful, AFP reports, having interviewed various analysts. Will you be tempted?

     
  14.  
    07:59: Trinity Mirror
    Mirror.co.uk

    Trinity Mirror will start paying a dividend for the first time since 2008 - of 3p a share - as pre-tax profits rose 1% to £102.3m for 2014, the Daily Mirror publisher said. However, print advertising revenue fell 14.1% in the second half of the year as supermarkets cut their spending.

     
  15.  
    07:45: Thorntons
    choc

    A "mixed performance" from Thorntons, chief executive Jonathan Hart tells investors. International sales rose by 19.9% to £5.4m in the first half of the company's financial year, but UK commercial sales melted away by 12.4% to £54.7m. Sounds more like a pick 'n' mixed bag to us...

     
  16.  
    07:32: Nationwide house prices
    For sale sign

    House prices fell by 0.1% in February, according to Nationwide - the first decline in five months, since September. That brought the annual rate of price rises to 5.7% compared with 6.8% in January - a sharper than expected slowdown.

     
  17.  
    07:16: Lib Dems Norman Smith Assistant political editor, BBC News
    Lib Dems

    The Liberal Democrats announce the first of many proposed tax rises today as part of their vow to pay off the deficit by 2018 by increasing the tax take rather than cutting spending further. Norman Smith tells Radio 4's Today programme that banks would have all the cuts in corporation tax since 2010 wiped out in a move that would generate about £1bn for the public purse. However, the Lib Dems still need to raise a further £7bn or so to make their sums add up, he adds.

     
  18.  
    07:02: Buffett letter
    bricks

    A quick reminder of what Mr Buffett's company owns. Among other businesses, Berkshire Hathaway owns about half of Heinz, engine oil firm Lubrizol, clothing maker Fruit of the Loom, the pleasingly named Acme Brick company and private plane operator NetJets. He also owns stakes in Mars, Coca Cola and American Express.

     
  19.  
    06:50: Bank shares BBC Radio 4

    David Cumming, head of equities at Standard Life, tells presenter Simon Jack on Today there is a "lot of noise" around banking stocks given the regulatory pressure the sector is now under, meaning they have a "higher than average risk profile". He also thinks the FTSE 100 will crack the 7,000 mark in the next few weeks as the economy continues to improve.

     
  20.  
    06:37: East Coast trains Radio 5 live
    train

    The East Coast rail route between London and Scotland has returned to private hands after more than five years in the public sector. David Horne of Virgin Trains East Coast is on 5 live. He says Virgin has done a good job with the West Coast line. National Express took over the line during a recession, so starting a franchise now should work better for Virgin, Horne adds.

     
  21.  
    06:24: Market update

    China's decision to cut interest rates over the weekend - the second reduction in four months - in a bid to ward off deflation has boosted stock markets in Asia today, with Sydney up 0.5% as mining companies bounced higher, while the Nikkei in Tokyo and the Shanghai Composite were both 0.3% higher.

     
  22.  
    06:11: Buffett letter Radio 5 live
    warren

    Sue Noffke, fund manager at asset manager Schroders, is 5 live's markets guest. Billionaire investor Warren Buffett sent his annual letter to shareholders on Saturday, summing up his 50 years building one of the planet's biggest companies. Because he behaves more like an owner than an investor, "he has had a longer-term investment horizon" than other investors, says Ms Noffke.

     
  23.  
    06:02: Software security Radio 5 live

    Online security firm AVG's chief executive Gary Kovacs is on 5 live speaking from Barcelona's Mobile World Congress tech show about security breaches. The internet has "only been around for 20 years," so securing the place is now a priority, he says. A podcast is now on the website.

     
  24.  
    06:01: Chris Johnston Business reporter

    Good morning! Get in touch via email bizlivepage@bbc.co.uk or on Twitter @BBCBusiness

     
  25.  
    06:00: Howard Mustoe Business reporter

    Good morning everyone. Welcome to Monday. The UK government has said it will block the sale of 12 North Sea oil and gas fields to Russian billionaire Mikhail Fridman after concerns about the effect of "possible future sanctions". Stay tuned for more of the best business news.

     

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