0:00:06 > 0:00:09This is Business Live, from BBC News, with Ben Thompson
0:00:09 > 0:00:10and Sally Bundock.
0:00:10 > 0:00:13The construction giant Carillion goes into liquidation.
0:00:13 > 0:00:16Shares in the company have been suspended and tens of thousands
0:00:16 > 0:00:20of jobs are at risk.
0:00:20 > 0:00:30Live from London, that's our top story on Monday, 15th of January.
0:00:38 > 0:00:40Carillion fails to reach an agreement with its creditors
0:00:40 > 0:00:43and the UK Government may be forced to step in to secure
0:00:43 > 0:00:48jobs around the world.
0:00:48 > 0:00:53Also in the programme: Drama in Jakarta - the floor
0:00:53 > 0:00:57of the Jakarta Stock Exchange collapses, injuring dozens
0:00:57 > 0:00:59dozens of people.
0:00:59 > 0:01:00We'll cross to Asia for the latest.
0:01:00 > 0:01:03And a new week, and markets remain in buoyant mood -
0:01:03 > 0:01:07we'll talk you through what's moving the numbers higher.
0:01:07 > 0:01:11Those are the numbers at the moment and we will have all the details
0:01:11 > 0:01:16later. After strong grazes on European markets and especially in
0:01:16 > 0:01:19the United States. But that is what is happening in Europe right now. We
0:01:19 > 0:01:20will have the details for you.
0:01:20 > 0:01:25We will have the details for you.
0:01:25 > 0:01:27And there might be 'white-collar' and 'blue-collar' jobs,
0:01:27 > 0:01:29but what about the booming market for 'no-collar' workers?
0:01:29 > 0:01:31We meet the woman cashing in on recruiting top talent
0:01:31 > 0:01:32to the creative sector.
0:01:32 > 0:01:35And given the scale of Carillion's activities and number
0:01:35 > 0:01:36of staff it employs, should the government step
0:01:36 > 0:01:40in to rescue the firm?
0:01:40 > 0:01:43Let us know your thoughts.
0:01:43 > 0:01:47Use the hashtag BBCBizLive.
0:01:52 > 0:01:57Hello and welcome to Business Live.
0:01:57 > 0:02:02And you can join the debate this morning. It is a story which will
0:02:02 > 0:02:05affect many thousands of people ) and the world so let's know your
0:02:05 > 0:02:11thoughts on Carillion.
0:02:11 > 0:02:13The UK's second largest construction firm, Carillion,
0:02:13 > 0:02:15is to go into liquidation, threatening thousands of jobs.
0:02:15 > 0:02:18The firm is involved in major projects like the HS2
0:02:18 > 0:02:19high-speed rail line, as well as managing
0:02:19 > 0:02:20schools and prisons.
0:02:20 > 0:02:28Carillion employs 43,000 staff worldwide.
0:02:28 > 0:02:32That is why it is of such significance.
0:02:32 > 0:02:34Including 20,000 staff in the UK.
0:02:34 > 0:02:36The moves comes as the company failed to reach an agreement
0:02:36 > 0:02:40with its lenders and the Government.
0:02:40 > 0:02:41Despite this, Carillion's public-sector services will still
0:02:42 > 0:02:44continue to receive funding.
0:02:44 > 0:02:47Sally. Thanks very much.
0:02:47 > 0:02:50With me is our business editor, Simon Jack.
0:02:50 > 0:02:56What do you know? Carillion is not a household name but about 200 years
0:02:56 > 0:03:02worth of British construction history. Tarmac, McAlpine. Wimpey.
0:03:02 > 0:03:09All that stuff. This is a very major company. And very significant. It
0:03:09 > 0:03:15had too much debt. Ever since July last year when it did not... It gave
0:03:15 > 0:03:20a profit warning, we knew it was struggling, but it continues to win
0:03:20 > 0:03:22government contracts. A lot of eyebrows were raised and tough
0:03:22 > 0:03:27questions for the Government as. Today, we learned they are going
0:03:27 > 0:03:31into compulsory liquidation. That is a different term to Administration.
0:03:31 > 0:03:36They are doing that because the Godman to continue to pay public
0:03:36 > 0:03:40service staff and they could not just put it into a pot to be shared
0:03:40 > 0:03:44up by the creditors, it had to be aimed at the hospitals and the
0:03:44 > 0:03:49schools and the prisons where people were employed. It is a big political
0:03:49 > 0:03:53question about whether it is a good idea to award these vital public
0:03:53 > 0:03:56service contracts to private companies. But first, people will be
0:03:56 > 0:04:01concerned about their jobs. 20,000 in the UK and another 23,000
0:04:01 > 0:04:06elsewhere around the world. The Government has said if you are an
0:04:06 > 0:04:09employee of Carillion, you should go to work today because the Government
0:04:09 > 0:04:13will pay your wages. What I think will be the biggest impact
0:04:13 > 0:04:18ultimately of this will be on the Army of subcontractors. Often,
0:04:18 > 0:04:22Carillion is the lead contractor and they have dozens of smaller and
0:04:22 > 0:04:26medium-sized companies working for them. They have not paid them, but
0:04:26 > 0:04:29they usually pay their suppliers of four months and a lot of those
0:04:29 > 0:04:33people will not get paid and that could have a big knock-on effect.A
0:04:33 > 0:04:38lot of criticism that it has got too big, too quickly. By buying up all
0:04:38 > 0:04:41these firms around the world.Is there any truth in that? Sometimes
0:04:41 > 0:04:47rapid growth can make a company exposed. It is a risky business
0:04:47 > 0:04:52contracting and you take on a big project and you promise to deliver
0:04:52 > 0:04:55on time at a price. If there are problems coming you have to take the
0:04:55 > 0:04:59cost of those. Carillion had a couple which went bad in the UK and
0:04:59 > 0:05:02they were in the habit of recognising revenue from these
0:05:02 > 0:05:06contracts before they knew how the contract has gone and they are being
0:05:06 > 0:05:09investigated for that. They are also being investigated about how weak
0:05:09 > 0:05:14they knew the company was when it made certain statements to the Stock
0:05:14 > 0:05:18Exchange.Two separate investigations. You say difficult
0:05:18 > 0:05:21questions for the Government with regards to Private Finance
0:05:21 > 0:05:26Initiative and that kind of thing. But also, Carillion got really big
0:05:26 > 0:05:30and very lucrative contracts with the Government after they had issued
0:05:30 > 0:05:34profits warnings and many will be asking that question.A lot of
0:05:34 > 0:05:38people will ask that question. Chris Grayling the Transport Secretary,
0:05:38 > 0:05:41who was Transport Secretary at the time, he will say, we built these
0:05:41 > 0:05:45contracts in such a way so if one of the three partners went bust, the
0:05:45 > 0:05:49other two could cover it. Other people will say what the Government
0:05:49 > 0:05:55was doing was giving it contracts help it out a bit because basically,
0:05:55 > 0:05:59it knew it had a lot of debt and the banks do not want to throw more good
0:05:59 > 0:06:03money after bad. If we give them the contract, structure it in such a way
0:06:03 > 0:06:07that if they go bust, it does not matter, can they take that to their
0:06:07 > 0:06:10bank and they will say, we can give you more money because you have
0:06:10 > 0:06:15revenue coming in?Just briefly, as far as the UK is concerned, the
0:06:15 > 0:06:18Government said, go back to work and we will ensure your salaries. But
0:06:18 > 0:06:23what about those who work overseas? That is a really difficult question
0:06:23 > 0:06:28because some of their problems came from overseas. One of their biggest
0:06:28 > 0:06:32customers will Saudi Arabia, a lot of work in the Middle East. When the
0:06:32 > 0:06:34oil price fell, people started tightening purse strings and a lot
0:06:34 > 0:06:39of that money did the dry up. I cannot give you a definitive and
0:06:39 > 0:06:43about what happens to stuff overseas, but I understand it is a
0:06:43 > 0:06:49very worrying time for those people and people in the UK.Thank you for
0:06:49 > 0:06:55your time, Simon. There is much more on the website and we will show you
0:06:55 > 0:06:57that later.
0:06:57 > 0:07:02Let's take a look at some of the other stories making the news.
0:07:02 > 0:07:05Sales of Volkswagen cars rose to a new record last year thanks
0:07:05 > 0:07:07to rising demand in China and the Americas.
0:07:07 > 0:07:09Despite the emission cheating scandal.
0:07:09 > 0:07:10The company overtook Toyota
0:07:10 > 0:07:12as the world's best selling carmaker in 2017.
0:07:12 > 0:07:13It's on track to retain that spot.
0:07:13 > 0:07:16The French dairy company Lactalis says it will pay damages
0:07:16 > 0:07:21to the families affected by its contaminated infant formula.
0:07:21 > 0:07:23Authorities reported that around 35 children became ill after consuming
0:07:23 > 0:07:25baby formula made by the company.
0:07:25 > 0:07:27More than 12 million boxes of powdered baby milk have now been
0:07:27 > 0:07:34recalled in 83 countries.
0:07:34 > 0:07:37Japanese tech giant Softbank is planning to list its mobile phone
0:07:37 > 0:07:43business in Tokyo and overseas, according to the Nikkei newspaper.
0:07:43 > 0:07:47If it goes ahead, the listing would be one of Japan's biggest ever
0:07:47 > 0:07:48initial public offerings.
0:07:48 > 0:07:49A floor has collapsed at the stock exchange
0:07:49 > 0:07:53in Indonesia's capital, Jakarta.
0:07:53 > 0:07:55Pictures posted online show the ground at the exchange
0:07:55 > 0:07:59covered in debris.
0:07:59 > 0:08:04Karishma Vaswani is in Singapore.
0:08:04 > 0:08:09I was looking at those pictures earlier, pretty dramatic of what has
0:08:09 > 0:08:14happened in Jakarta.Yes, it has been chaos and confusion. Ever since
0:08:14 > 0:08:19that collapse took place around lunchtime, local time. In the last
0:08:19 > 0:08:23few minutes, we have received confirmation from our bureau in
0:08:23 > 0:08:28Jakarta that Indonesian police are saying as many as 72 people have
0:08:28 > 0:08:31been injured as a result of the collapse that took place at the
0:08:31 > 0:08:36building that houses the Jakarta Stock Exchange. And a number of
0:08:36 > 0:08:42other offices including the World Bank and some small embassies and
0:08:42 > 0:08:48oil and gas companies. What we understand to have happened is that
0:08:48 > 0:08:53the mezzanine walkway connecting the two towers of the building that the
0:08:53 > 0:08:56Jakarta stock exchanges in, that is the part of the building that
0:08:56 > 0:09:01appears to have collapsed. Police in Jakarta have ruled out any
0:09:01 > 0:09:05suggestion there were terrorists or militant networks involved in this
0:09:05 > 0:09:10collapse. They have not found the cause of how this occurred and why
0:09:10 > 0:09:14it happened. We also understand that in the last hour, people have been
0:09:14 > 0:09:19allowed back into the building, but they are not allowed at the level,
0:09:19 > 0:09:23the mezzanine walkway level, where this damage has taken place. The
0:09:23 > 0:09:27Jakarta Stock Exchange itself has resumed trading in the last hour and
0:09:27 > 0:09:32one of the spokespeople has told us that the reason for that is that all
0:09:32 > 0:09:37of the employees of the Stock Exchange appear to be safe and none
0:09:37 > 0:09:41of them have sustained any injuries. But a sizeable number of people
0:09:41 > 0:09:48injured. 72 as I said earlier, and they are being treated in hospitals
0:09:48 > 0:09:53around the centre of the city, where this collapse took place. Remember,
0:09:53 > 0:09:58it is an extremely busy part of the Indonesian capital. The building
0:09:58 > 0:10:03itself is one of the most prestigious across the financial
0:10:03 > 0:10:09landscape in Jakarta. It stands right opposite a busy shopping
0:10:09 > 0:10:14centre in Jakarta, an area which we understand now has been cordoned off
0:10:14 > 0:10:17by police and ambulances.Thanks very much. I know you will stay
0:10:17 > 0:10:21across that story as it develops. For now, thank you.
0:10:21 > 0:10:24US markets continued to go from strength to strength last week,
0:10:24 > 0:10:31building on those strong gains of last year.
0:10:31 > 0:10:33Stronger corporate earnings and a strengthening US and global
0:10:33 > 0:10:39economy boosting optimism.
0:10:39 > 0:10:43This is the picture in Europe, not echoing what we have seen in the
0:10:43 > 0:10:49United States. Starting the session a little lower. Concerns about the
0:10:49 > 0:10:53strengthening euro and that would hit their earnings overseas.
0:10:53 > 0:10:55The FTSE100, though, got a boost from that move
0:10:55 > 0:10:59upwards in oil prices.
0:10:59 > 0:11:04But starting a new week following the events in Europe.
0:11:04 > 0:11:06Thank you.
0:11:06 > 0:11:08Joining us is James Bevan, from CCLA Investment Management.
0:11:08 > 0:11:16Nice to see you, James. It is nice to be here. In London, some of the
0:11:16 > 0:11:20competitors of Carillion are doing quite well today. Balfour Beatty,
0:11:20 > 0:11:28their shares are up. Kier group. We talk about the disaster of
0:11:28 > 0:11:33Carillion, it will have a huge impact on many jobs and parts of
0:11:33 > 0:11:37government, but there are already share prices on the move upwards.
0:11:37 > 0:11:43Such is capitalism, I'm afraid this is a destructive process. But plenty
0:11:43 > 0:11:46of companies will pick up the contracts Carillion has had. We do
0:11:46 > 0:11:51not know the ripple of the failure of Carillion in terms of the
0:11:51 > 0:11:56suppliers and contractors.We will have to wait and see.What you make
0:11:56 > 0:12:00it all? For a very long time, there have been lots of signs that
0:12:00 > 0:12:03Carillion has been in trouble, so it moved to delay the payment of money
0:12:03 > 0:12:08to its suppliers. Some years ago. People were saying, this is a sign
0:12:08 > 0:12:12of a company that is in the first stages of significant trouble. A lot
0:12:12 > 0:12:16of people said, no, that cannot be so. Look at the scale of its
0:12:16 > 0:12:20contracts. But they were on wafer thin margins, a lot of cross
0:12:20 > 0:12:25subsidy. Business did not generate enough money to pay the debt. And we
0:12:25 > 0:12:29have to have a really worried concern about the pensioners.
0:12:29 > 0:12:33Because part of the deficit Carillion has is 600 million in
0:12:33 > 0:12:39deficit to its pensioners.Away from Carillion, what else are you looking
0:12:39 > 0:12:44at? US markets still continuing an upward spiral since the end of the
0:12:44 > 0:12:49less year. European markets are not following the same path.The
0:12:49 > 0:12:53long-term market is in place because as you have identified, we have
0:12:53 > 0:12:56relatively synchronised global growth which is stronger than
0:12:56 > 0:13:02anticipated. Inflation remains low and bond deals remained low and
0:13:02 > 0:13:05people needs companies that have solid and sustainable growth, many
0:13:05 > 0:13:08in the United States.We will watch closely and I am sure we will talk
0:13:08 > 0:13:11again. For now, thank you. James Wilby back
0:13:11 > 0:13:13soon.
0:13:13 > 0:13:14Still to come:
0:13:14 > 0:13:15A labour of love!
0:13:15 > 0:13:18We'll be speaking to the founder of a company which helps creative
0:13:18 > 0:13:20professionals find their dream job.
0:13:20 > 0:13:30You're with Business Live, from BBC News.
0:13:30 > 0:13:31Driverless cars are quickly becoming a reality.
0:13:31 > 0:13:37But how can we make sure the UK's roads are ready for them?
0:13:37 > 0:13:40A new competition is appealing for ideas and offering winning
0:13:40 > 0:13:46entrants £30,000 to develop them.
0:13:46 > 0:13:50Anna-Marie Baisden, head of Autos at BMI Research, joins us now.
0:13:51 > 0:13:57It is nice to see you. What you make of this idea?It is a very good idea
0:13:57 > 0:14:02to get as much input as possible. It is certainly a big issue that will
0:14:02 > 0:14:06be deeply the most difficult period when you have driverless and human
0:14:06 > 0:14:11driven cars on the roads. To get as much input as possible, I think, is
0:14:11 > 0:14:15a great idea. Because it is something that is very new to the
0:14:15 > 0:14:18industry, nobody is used to it, so why not get as many ideas as
0:14:18 > 0:14:23possible? As you say, it is great to get as
0:14:23 > 0:14:28many ideas as possible from as many sources. The question is, how do
0:14:28 > 0:14:33they pick the winner? It is an attractive price, it is going to be
0:14:33 > 0:14:36difficult!Absolutely, there will be a range of criteria we will be
0:14:36 > 0:14:44looking for so safety is going to be key. You will be having autonomous
0:14:44 > 0:14:47and manually driven cars and it is really important they can work
0:14:47 > 0:14:50around each other in terms of speed limits and knowing what other cars
0:14:50 > 0:14:55will be doing. Also, one of the biggest challenges that came up in
0:14:55 > 0:14:57the brief about the competition is that you need solutions that can
0:14:57 > 0:15:03work on both small presidential roads and motorways. So there are a
0:15:03 > 0:15:08lot of big challenges.And before you go, let me get your predictions.
0:15:08 > 0:15:12They may be putting you on the spot, but wait you think we will be seeing
0:15:12 > 0:15:18driverless cars on the road?If you are looking for fully autonomous, it
0:15:18 > 0:15:23is probably a block further down the line than people think. We are still
0:15:23 > 0:15:27facing big challenges about how to get them working and we will have
0:15:27 > 0:15:30that transition period. You could be looking at 20 years or more tap
0:15:30 > 0:15:34fully autonomous, if it comes at all.It is always good to see you,
0:15:34 > 0:15:39thank you for your time. Interesting competition with £30,000 up for
0:15:39 > 0:15:44grabs. Get your ideas in!
0:15:44 > 0:15:44A lot grabs. Get your ideas in!
0:15:44 > 0:15:45A lot of grabs. Get your ideas in!
0:15:45 > 0:15:46A lot of you grabs. Get your ideas in!
0:15:46 > 0:15:46A lot of you getting grabs. Get your ideas in!
0:15:46 > 0:15:46A lot of you getting in grabs. Get your ideas in!
0:15:46 > 0:15:48A lot of you getting in touch grabs. Get your ideas in!
0:15:48 > 0:15:48A lot of you getting in touch about grabs. Get your ideas in!
0:15:48 > 0:15:50A lot of you getting in touch about the news that Carillion is in
0:15:50 > 0:15:53liquidation. We asked should the Government step in given the scale
0:15:53 > 0:15:57and scope of the firm? Your responses are no. You make the point
0:15:57 > 0:16:00that other businesses have been allowed to fail so this one should
0:16:00 > 0:16:06be no different. Keep your comments coming in. You can use the hashtag,
0:16:06 > 0:16:15BBC Biz Live.
0:16:20 > 0:16:27You're watching Business Live. Airbus saying it booked 1109
0:16:27 > 0:16:34aircraft orders last year and saw a record number of deliveries of 718.
0:16:34 > 0:16:38There is a close rivalry between Airbus and Boeing. So, the two going
0:16:38 > 0:16:42head-to-head in terms of who can make the biggest sales. Who can book
0:16:42 > 0:16:50the biggest number of orders. 1109 for Airbus overtaking arch rival
0:16:50 > 0:16:54Boeing, booking, we say just, 912 orders. Expensive big planes at
0:16:54 > 0:16:59that.You talk about the rivalry and in term of delivery which is another
0:16:59 > 0:17:03way of measuring this, the finished planes, Boeing was in the lead. We
0:17:03 > 0:17:09must give them acclaim. 763 aircraft delivered to customers last year.
0:17:09 > 0:17:14Which is the most important.I think it is new orders for what's coming
0:17:14 > 0:17:16up.
0:17:16 > 0:17:19Our top story:
0:17:19 > 0:17:21The UK's second largest construction firm,
0:17:21 > 0:17:23Carillion, is to go into liquidation, threatening
0:17:23 > 0:17:28thousands of jobs.
0:17:28 > 0:17:33There are full details on the website.
0:17:33 > 0:17:37If you're in the market for a new job, many people will head
0:17:37 > 0:17:38online to use the employment service LinkedIn.
0:17:38 > 0:17:40That's if you're a traditional "white collar" professional.
0:17:40 > 0:17:44But what about those working in creative industries?
0:17:44 > 0:17:49There are an estimated 80 million professionals working around
0:17:49 > 0:17:51the world in so-called "no collar" jobs and matching the right
0:17:51 > 0:17:54creative jobs with the right people is a business worth
0:17:54 > 0:17:59$15 billion a year.
0:17:59 > 0:18:03So to cash in, Pip Jamieson founded The Dots from her houseboat
0:18:03 > 0:18:06on Regent's Canal in London.
0:18:06 > 0:18:09I want to ask you about the houseboat!
0:18:09 > 0:18:11Her business is a job finding platform for the creative
0:18:11 > 0:18:14industries, catering to a new class of "no collar" professionals.
0:18:14 > 0:18:17This year, Pip hopes to connect a million creative
0:18:17 > 0:18:21professionals and freelancers, and she recently competed
0:18:21 > 0:18:24a $5.5 million round of funding which should help her do so.
0:18:24 > 0:18:30Joining us is Pip Jamieson, Founder and Chief Executive for The Dots.
0:18:31 > 0:18:35The name, is it about joining The Dots? Is that about where that came
0:18:35 > 0:18:41from?Join The Dots and then connect The Dots.Tell us about this, this
0:18:41 > 0:18:45is a two year project on your part. You started yourself and one other
0:18:45 > 0:18:49on the houseboat and now, it has grown very, very rapidly?Yes, I
0:18:49 > 0:18:54used to work at MTV and I realised I was surrounded by friends who were
0:18:54 > 0:18:58working in a very different way that the traditional white collar
0:18:58 > 0:19:02workforce so we were creatively led and freelancing and adopting
0:19:02 > 0:19:05portfolio careers and LinkedIn was not working for us, I wanted to
0:19:05 > 0:19:10develop a different way for being able to help creators promote
0:19:10 > 0:19:12themselves online, but connect with opportunities.What are the
0:19:12 > 0:19:16differences? Why doesn't something like LinkedIn work for cre avetive
0:19:16 > 0:19:22people?On the white collar you had that traditional CV-based career, it
0:19:22 > 0:19:29would be very much of a job ladder, but the people I'm surrounded with
0:19:29 > 0:19:34are working on multiple projects. The way The Dots work, you post a
0:19:34 > 0:19:38project on the site and you tag the teams around the projects. That
0:19:38 > 0:19:43means we find it good in terms of the trust data we get being able to
0:19:43 > 0:19:47match employers with people, but people with each other.That means
0:19:47 > 0:19:51everybody on the project gets a say as it were or gets their name
0:19:51 > 0:19:55attributed to it and that's really important for freelancers, isn't it,
0:19:55 > 0:20:01often the freelancers don't get on the credits?Absolutely. If there is
0:20:01 > 0:20:07an advertising campaign, freelancers rarely get credit. Juniors never get
0:20:07 > 0:20:12credit.Talking of top senior people, you have got Sir John
0:20:12 > 0:20:18Hegarty on board, he is the chairman and he put in quite a bit of his own
0:20:18 > 0:20:22money. Tell us who he is and why he is significant?John Hegarty is one
0:20:22 > 0:20:26of the grandfathers of the advertising industry. He started BBH
0:20:26 > 0:20:31which he sold and having someone of that creative calibre as part of The
0:20:31 > 0:20:36Dots has been incredible.He has not only put his money in the pot, but
0:20:36 > 0:20:41he is mentoring and hands on?He is hands on when I need him to be!
0:20:41 > 0:20:44LAUGHTER He is probably watching. I wonder
0:20:44 > 0:20:47what your business tells you about the changing way we work as well.
0:20:47 > 0:20:52There is a tendency to think that all creatives are freelance and can
0:20:52 > 0:20:55work on the fly. A lot of traditional jobs are going that way
0:20:55 > 0:20:58as well, aren't they?It is interesting you chatting about
0:20:58 > 0:21:03driverless cars. We are about to see mass automation of lots of careers
0:21:03 > 0:21:08and it started with blue collar working, but white collar working is
0:21:08 > 0:21:11not immune to this. One of the hardest things that machines can
0:21:11 > 0:21:18auto mate is a human's capacity to be creative. A So a lot of the big
0:21:18 > 0:21:27companies, PWC is one of our clients and they look look for more creative
0:21:27 > 0:21:34talent.You are looking for other cities. I can imagine you could see
0:21:34 > 0:21:40growth, how will you meet that challenge. When a company grows
0:21:40 > 0:21:45really, really quickly, it is difficult to run?I have hired past
0:21:45 > 0:21:50employees at LinkedIn who were part of the scale up process. The reason
0:21:50 > 0:21:53I put people like John Hegarty around me is to prepare for the
0:21:53 > 0:22:01scale. London is the biggest creative cluster in the world. It is
0:22:01 > 0:22:06bigger than New York. London, there is the highest contentration of
0:22:06 > 0:22:12creators and we think about creators in cities. If you look across the
0:22:12 > 0:22:16US, there is more creators across the US, but in terms of clusters,
0:22:16 > 0:22:20London is the biggest cluster.And it is where the houseboat. Tell us
0:22:20 > 0:22:27about the houseboat! You were looking out the window at the swans?
0:22:27 > 0:22:31It is the most amazing place to start a business. Branson started a
0:22:31 > 0:22:35business on a houseboat. Every time I tried to get a complicated
0:22:35 > 0:22:41meeting, if you invite them to your houseboat they always say yes. It is
0:22:41 > 0:22:45the best business angle I can have. We should do this show on a
0:22:45 > 0:22:53houseboat. Nice to see you, Pip.
0:22:53 > 0:22:56In a moment we'll take a look through the business pages but first
0:22:56 > 0:22:59here's a quick reminder of how to get in touch with us.
0:22:59 > 0:23:02Stay up-to-date with all the day's business news as it happens
0:23:02 > 0:23:03on the BBC's Business Live page.
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0:23:06 > 0:23:09around the globe and we want to hear from you too.
0:23:09 > 0:23:11Get involved on the BBC's Business Live web page
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0:23:16 > 0:23:18Business Live on TV and online, what you need to know,
0:23:18 > 0:23:24when you need to know.
0:23:26 > 0:23:31James has joined us again.
0:23:31 > 0:23:35We are looking at some of the other stories out there in business. There
0:23:35 > 0:23:43is a really interesting article in the Guardian about Oxfam.Oxfam are
0:23:43 > 0:23:48saying people bring us lots of stuff and we might to optimise the money
0:23:48 > 0:23:52that we make. We're going to send some stuff off to Eastern Europe or
0:23:52 > 0:23:57Africa, but otherwise we're going to make as much we can and redistrict
0:23:57 > 0:24:01some of the property to branches that need to sell stuff instore.
0:24:01 > 0:24:06Doing it online as well. It is not that you are going to have to go
0:24:06 > 0:24:10through the doors, they are going to put it online?What is important
0:24:10 > 0:24:13about online is the capacity to charge a sensible price for great
0:24:13 > 0:24:26products. You can go on the online site and find a scar of for £199.
0:24:26 > 0:24:38You wouldn't get £199 in a store. Two members on the board not looking
0:24:38 > 0:24:42for re-election.Cheryl is the leading light of Facebook and Jack
0:24:42 > 0:24:47is the leading light at Twitter.The founder of Twitter?These are big
0:24:47 > 0:24:51names. It says that Disney is getting on to their turf competing
0:24:51 > 0:24:55directly and indeed we've had lots of news that Disney is going to get
0:24:55 > 0:25:00into streaming of media.It's doing that. It is kind of pulling away
0:25:00 > 0:25:02from a lot of relationships like Netflix because it is having to
0:25:02 > 0:25:08compete with these people that it has been teaming up with?There is a
0:25:08 > 0:25:11change in US legislation that makes it possible for them to do so
0:25:11 > 0:25:15economically. So that's really important.Let's look at cars,
0:25:15 > 0:25:21driverless cars we touched on earlier, GM says its driverless cars
0:25:21 > 0:25:24won't have steering wheels or pedals or any human control.That's a
0:25:24 > 0:25:28scarry indeed, isn't it? Lots of people have said so we can have cars
0:25:28 > 0:25:31that are going to do their own thing, but the capacity for a human
0:25:31 > 0:25:36being to override if necessary. GM are saying we are going to make this
0:25:36 > 0:25:40a crash-Free Zone. I will be really interested to see if it works.
0:25:40 > 0:25:47Scary.Exciting.Definitely. I feel like a dinosaur!So do I James,
0:25:47 > 0:25:50you're not alone there, I have to say. Thank you for coming in today.
0:25:50 > 0:25:55There is always space for dinosaurs on this show. We will have more
0:25:55 > 0:25:59coverage of the events at Carillion and what it can mean for people in
0:25:59 > 0:26:00the UK and around the world. We will