The first half of the show consisted solely of a segment called Halftime Report, presented from the CNBC Europe video wall.

Other new segments introduced at this time include Research Notes, a daily look at changes in analyst ratings, and an update on the top stories in the United States from Worldwide Exchange anchor Michelle Caruso-Cabrera (later replaced by Brian Shactman).

The programme is regularly extended to two hours on days of European Central Bank and Bank of England interest rate announcements (and on those occasions it pre-empted the second hour of US Squawk Box), and also on US holidays (when Squawk Box is not aired).

On 15 December 2008 CNBC Europe announced that the programme was to be replaced in the United Kingdom (and for those viewers in the Republic of Ireland who also receive the UK feed) by Strictly Money, a new programme focussing on UK specific issues which was to br broadcast for an initial 12-week period from 12 January 2009.

Strictly Money continued to air past this twelve-week period, and any return of Power Lunch has not been indicated.