The Department for Transport announces this morning which company has won the franchise to run train services on the West Coast Mainline. The authorities in the US say they will continue to investigate the British bank, Standard Chartered, even though it has agreed a $340m penalty over allegations that it laundered money for Iran. Also on the programme, has the fact the Olympics were so successful made life difficult for comedians, used to satirising national failings?
0615 Business news with Simon Jack: Standard Chartered bank have agreed to pay a fine of $340m.
Virgin Trains has been running the west coast mainline rail services since 1997, but it has just lost the franchise. The BBC's Richard Westcott has more details and Stephen Glaister, Professor of Transport and Infrastructure at Imperial College,
shares his thoughts on the change.
Ecuador's president will make a decision this week on whether to grant Julian Assange, the founder of wikileaks, political asylum. Julian Knowles, barrister at Matrix Chambers and an expert on extradition,
gives his thoughts on what the decision may be.
0733 Since 2008 when the recession hit the country, suicides, particularly those of men, have increased, according to a report by the British Medical Journal. Ben Barr, a research fellow in Public Health at the University of Liverpool, and Professor Mike Tomlinson from Queen's University Belfast, discuss the issue.
0740 The paper review.
0742 There should have been some rather impressive fireworks last night in Plymouth, as it was the start of the British Fireworks Championships. Jim Winship, the organiser, describes the event.
0746 Thought for the day with the Rev Dr Michael Banner, Dean and Fellow of Trinity College, Cambridge.
0810 Virgin Trains has lost its bid to continue running the West Coast mainline. Tony Collins, chief executive of the Virgin Rail Group, and Tim O'Toole, chief executive of First Group, debate the bidding process and the importance of the franchise.
0836 A review of rules governing cosmetic procedures gets under way today, prompted by the scandal over PIP breast implants. The man overseeing the review, the NHS's medical director professor Sir Bruce Keogh, explains what changes are needed.
Business news with Simon Jack: Steve Hewlett on Mark Thompson's move to the New York Times group. Broadcasting consultant Steve Hewlett
told the Today programme
this would put him "toe to toe" with the NewsCorp boss as it was "well known that Rupert Murdoch's long term ambition is to either kill or buy the New York Times."
0848 A study has concluded that the City Challenge programme which brought experts into schools to work with headteachers and created partnerships with better performing schools was more successful than the far more high profile academy programme in improving performance. Prof Merryn Hutchings and academy principal Sally Coates debate what the most effective initiative is to improve poor performance in schools.
0854 The defence secretary Philip Hammond admitted yesterday that the failures of G4S to deliver security at the Olympics had challenged his thinking on the private sector, saying its methods are not always the best way to handle big projects. Businessman and broadcaster Sir Gerry Robinson, and Dave Penman, general secretary of the FDA Union, debate the pros and cons of public and private sector commissioning.
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