business headlines. us investment firm elliott advisors has walked away from making a takeover bid for currys after being rejected by the retailer s board in its own words multiple times . it had initially proposed an offer that valued the electricals chain at £700 million, and later raised it to 757 million. but currys rebuffed the approaches, saying they significantly undervalued the business. currys could still receive a bid from china sjd.com, which said last month it was mulling an offerfor the firm. earlier i spoke with russ mould, investment director at the stockbrokers aj bell. there is but it it will focus on what the two main shareholders in currys have got to say, redwheel and frasers. any bid will have to get their approval and one can only assume that wasn t forthcoming this time. they said it undervalued the business. it is rare we are in a position where we are talking about a high street retailer at the centre of a possible bidding war. we thought that bri
government is only talking to a ten own mps and talking into an election. levelling up funds, £242 million to be spent in canary wharf, one of the most expensive postcodes in the uk. what is that but a bribe towards the election for london may. we are seeing a government in its final throes, we are seeing a government in its finalthroes, is we are seeing a government in its final throes, is on the government emphasising wealthy taff tax breaks for the wealthy and making a real difference to peoples lives. people on low wages were disproportionately dependent on the very public services that are being cut at the same time. services that are being cut at the same time- services that are being cut at the same time. ., ., ,., , ., same time. you have the powers to initiate two same time. you have the powers to initiate two devolved same time. you have the powers to initiate two devolved taxes, - same time. you have the powers to initiate two devolved taxes, it s - initia
british ice are tax free allowance to invest in uk listed companies. british isa tax free allowance. moving on to the uk economy. the office for budget responsibility predicts uk economy will grow by 0.8% this year and 1.9% next year. the uk s inflation rate is also forecast to fall below 2% target this year. but the underlying debt, excluding bank of england debt, is forecast to be 91.7% of gdp this year rising to 92.8% next year. the government also kept a freeze on alcohol duty, which had been due to end in august, which will now continue until february 2025. there will be a new tax on vaping products to start in october 2026, and the existing tax on tobacco will increase. the chancellor says is in order to maintain the financial incentive to choose vaping over smoking . 0n transport and energy, the government has frozen the fuel duty again and kept the 5p cut in fuel duty on petrol and diesel, due to end later this month for another year. a windfall tax on the profi
the first place. more on that breaking story on the bbc sport website. two time winnersjeonbuk were held to a 1 1 by ulsan draw in the first leg of their all korean semi final of the afc champions league. it tookjeonbuk less than four minutes to make the breakthrough as song min kyu made no mistake from close range. the hosts were handed a great opportuity to double their lead from the spot 16 minutes later when lee dong jun was fouled for a penalty but brazilian thiago orobo was unable to capitalise and it proved costly. ulsan took full advantage of that reprieve as lee myung jae equalised 14 minutes from time. the second leg is on march 12th. the champions league returns later, with the first quarterfinal spots to be claimed. paris st germain take a two goal lead to real sociedad in the second leg of their last 16 tie, while bayern munich have it all to do against lazio. they trail the serie a club by a goal to nil. having fallen 10 points behind league leaders bayer leverk
the price of oil on international markets is not high enough for them. oil and energy leaders are gathering again today in vienna for the latest opec summit. the biggest and most powerful player saudi arabia started this week with the news it s extending its voluntary output cut of1 million barrels per day to august. russia is making a similar move. but these cuts are failing to boost energy prices. why? jonathan robinsonjoins me now to explain he is global power & energy research director at frost and sullivan. just talk us through our oil is at the moment. just talk us through our oil is at the moment. oil, despite the cuts in production, at the moment. oil, despite the cuts in production, oil at the moment. oil, despite the cuts in production, oil prices- cuts in production, oil prices have stayed relatively low in what we have seen historically in the past year, 1.5 years. there are a few specific reasons for that. chinese demand, industrial out would, increasing