Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.


  1. Get in touch:
  2. Co-op Bank in talks with existing investors
  3. Ocado shares soar after Amazon grocery deal
  4. Brexit get underway in Brussels

Live Reporting

By Dearbail Jordan

All times stated are UK

Get involved

Good night

Test card F

Thank you for following Business Live today.

We're back on Tuesday morning bright and early at 6.00am sharp.

We hope you join us then.

US markets climb as tech stocks rebound

US trader
Getty Images

US markets have ended higher after a rebound in tech stocks.

The S&P 500 closed 0.83% higher at 2,453.46, the Dow Jones gained 0.68% to 21,528.99, and the tech heavy Nasdaq surged 1.42% to 6,239.01.

Technology stocks have fallen sharply in recent sessions, but Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all closed higher on Monday.

"Tech stocks, after being on everyone's sell list over the past few days, are now back on people's buy lists," said Anthony Conroy, president at Abel Noser. "Looks like there's some buying on the dip."

Spacey and 50 Cent back mattress company

Casper ad

Kevin Spacey and rapper 50 Cent have joined a $170m investment round in US mattress firm Casper.

The firm, which only sells one type of memory foam mattress, is part of a wave of alternative mattress companies that sell primarily online.

While consumers can't try models before they buy, they are given 100 nights to test-out the product with the option of returning it.

Other investors in the business include Tresalia, Norwest, and Irving Capital.

Talks start but what now?

David Davis and Michel Barnier are happy following the first day of discussions about Brexit.

How will negotiations progress now?

View more on twitter

Watch: mixing business with friendship

Stephanie Johnson and Kristina Komlosiova are joint chief executives of London-based catering company Pollen and Grace - and best friends.

But is it a good idea?

Would you go into business with your best friend?

US defense department 'uses floppy disks'

Jared Kushner
Getty Images

The great and the good of the US technology industry descended on the White House on Monday for a meeting of the American Technology Council and they were addressed by President Donald Trump's son-in-law Jared Kushner.

The senior adviser to the US president spoke about how old the systems were within the government including the Department of Defense which he said still uses floppy disks in some instances.

Talking about improving departmental systems, Mr Kushner, said: "Our goal here is simple. We are here to improve the day to day lives of the average citizen. That's a core promise and we are keeping it."

Orange to cut BT stake

BT Group
Getty Images

Orange, the French telecoms business, says that it intends to reduce its stake take in BT Group from 4% to as little as 1.33%.

It will initially cut its holding to 2.6% by selling shares through a private placement. BT will buy up to £200m worth of the stock.

US marketing firm exposes citizens' data

Technology lifts US stocks

Apple logo
Getty Images

US stock markets are still lively, mainly due to technology companies such as Apple, Amazon and Google-owner Alphabet.

The Dow Jones Industrial Index is up 122.64 points at 21,506.92.

The S&P 500 is ahead 18.20 points at 2,451.35 and the Nasdaq has added 86.57 points at 6,238.33.

David Lefkowitz, senior equity strategist at UBS Wealth Management Americas, told Reuters: "Some of it is folks taking a second look at names that may have been unduly punished in the rotation out of tech that started about 10 days ago.

"There has been no change in the fundamentals for the tech sector. Earnings growth, earnings revisions and forward looking indicators remain healthy."

A historic day

David Davis (L) shakes hand with Michel Barnier (R)
Getty Images
David Davis (L) shakes hand with Michel Barnier (R)

The press conference following the first day of Brexit talks was steeped in profundity.

Europe's chief negotiator Michel Barnier quoted Jean Monnet, the founder of the trading bloc that later became the European Union, when he said: "I am neither optimistic nor pessimistic. I am determined."

In response, the UK's Brexit minister David Davis quoted Winston Churchill when he said: "The pessimist see difficulty in every opportunity, the optimist sees opportunity in every difficulty."

Listen: Woman interrupted

BBC World Service

Remember when David Bonderman, a director of Uber, made a sexist remark at a meeting about combating sexism?

Shortly before resigning last week, he claimed that more women on the board of the taxi sharing company would mean more talking.

But the BBC's Lucy Kellaway says woman don't talk enough...and they need to interrupt more.

Women should be encouraged to interrupt more in meetings

Pocket-sized entertainment

Getty Images

Other tidbits about the $100m content and advertising deal between Time Warner and Snap Inc are emerging.

Snap will work with Time Warner's Turner cable channels and Warner Bros. studio on three to five minute shows. HBO could also develop shows for the Snapchat app.

The owner of Snapchat will keep 50% of ad revenue generated from the shows during the two-year agreement.

Davis: NI deal will take until end of process

BBC News assistant political editor Norman Smith tweets...

Barnier: I will work with UK, not against it

Michel Barnier says that on Brexit "I will work with the UK, never against it."

The UK and Europe have agreed to settle Irish borders, the "divorce" bill and rights of movement "asap".

Brexit talk structure revealed

BBC political correspondent Nick Eardley tweets...

'Useful start' to Brexit talks

BBC News political correspondent Alex Forsyth tweets...

Europe's chief negotiator for Brexit Michel Barnier and UK Brexit minister David Davis are holding a joint press conference following the first day of talks about Britain leaving the European Union.

View more on twitter

Media deal lifts stocks

Actress Maisie Williams plays Arya Stark in Game of Thrones
Getty Images
Actress Maisie Williams plays Arya Stark in Game of Thrones

Shares in Snap Inc, the owner of messaging app Snapchat, rose by 2.2% to $17.93 after it announced a major content and advertising deal with Time Warner.

Media giant Time Warner owns HBO, the network behind Game of Thrones and Westworld as well as classics such as The Sopranos.

Its shares rose 0.7% to $99.88.

Google to clampdown YouTube terror videos

UK shares close up

The FTSE 100 closed up 60.27 points at 7,523.81 on Monday.

The FTSE 250 finished 56.91 points ahead at 19,873.30.

Time Warner to create content for Snapchat

Wonder Woman past and present: Actors Gal Gadot (L) and Lynda Carter attend the premiere of the film
Getty Images
Wonder Woman past and present: Actors Gal Gadot (L) and Lynda Carter attend the premiere of the film

Time Warner, the company behind the hit Wonder Woman, and Snap, owner of the Snapchat messaging app, have announced a $100m global media partnership deal to invest in content and adverts.

Under the agreement, Time Warner's Turner cable channels and the Warner Bros. studio will create up to 10 original shows a year for Snapchat in areas such as drama and comedy.

Time Warner's HBO network could also develop shows for the messaging app.

Hot weather calls for casual work clothes

City worker
Getty Images

Temperatures are soaring and the weather is lovely but imagine being trussed up in a polyester uniform as the sun beats down.

Luckily, the TUC is on hand to urge employers to relax dress codes.

The union says that bosses can help their workers keep cool "by letting them come to work in more casual clothing".

So does that mean people can abandon their suits for a jaunty pair of shorts and a sock and sandal combo?

“Obviously shorts and flip flops won’t be the right attire for all workers," says the TUC: "But no one should be made to suffer unnecessarily in the heat for the sake of appearances.”

Listen: We will make 'swift progress' says Brexit minister

The World at One

BBC Radio 4

A minister in the Department for Exiting the European Union has said "any objective observer" will be "deeply reassured by what we're putting on the table" for Brexit proposals.

Steve Baker, who was recently appointed to the department by Theresa May, told Martha Kearney he is "confident we will make swift progress" and that the work of the department is "very high quality".

Mr Baker said that securing the rights of EU citizens in the UK and UK nationals in the EU was "our first priority" in the negotiations. On the issue of the divorce bill he said they would arrive at a position where the UK "pays what it owes in a proper manner consistent with our reputation for obeying the rule of law".

Watch: Boeing and the US President

Boeing's chief executive Dennis Muilenburg took some time to speak to the BBC's Theo Leggett at the Paris Air Show on competition, Qatar and Donald Trump's Twitter habit.

Boeing boss: We're seeing long term growth in air travel

M&S replaces labels with lasers

Waste not, want not

Ikea meatball
Getty Images
A meatball yesterday

Most people know IKEA for its self-assembly furniture. But the Swedish group also does a pretty mean meatball.

It has now promised that it will halve its food waste by 2020.

Reuters reports that daily food waste from IKEA's 400 in-store outlets averages some 300 kilogrammes.

It said that a scheme, launched in December at 84 of its restaurants which measured what was thrown away, and at what time of the day and week, had resulted in tonnes less food waste as the amounts it cooked were better tailored to demand.

FTSE 100 rises

Getty Images

The FTSE 100 index is up 60.97 points at 7,524.51.

Commody trading giant Glencore leads the risers, with its shares up 2.75% at 287.45p followed by Wolseley, the plumbing and heating supplies group whose stock is up 2.5% at £48.87.

Building group Hammerson is Monday afternoon's biggest faller, down 1.7% at 591p.

Tackling gun crime with technology

Chicago's new Strategic Decision Support Centres are helping to combat gun crime on the streets. But working inside one has its challenges...

View more on twitter

Amazon shares hit high after Whole Foods deal

Whole Foods
Getty Images

Fresh from its surprise $13.7bn bid for posh grocer Whole Foods, Amazon shares hit a new high of $1,017 on Monday.

Shares in Whole Foods eked out a 1.61% rise to $43.37.

While all this is going on, Amazon's boss Jeff Bezos is heading to the White House to attend the first gathering of the American Technology Council.

He will be joined there by Apple's chief executive Tim Cook, Eric Schmidt, the boss of Google's parent company Alphabet and IBM's leader Ginni Rometty.

One person who won't be attending is Tesla and SpaceX boss Elon Musk who resigned from the council in protest at President Donald Trump's withdrawal of the US from the Paris climate change accord.

Investors approve Standard Life/Aberdeen merger

Martin Gilbert, chief executive of Aberdeen Asset Management
Getty Images

The merger between Standard Life and Aberdeen Asset Management has been approved by both companies' shareholders.

It means that the £11bn combination should be completed by 14 August.

It also means the merged group will be led by two people.

Aberdeen boss Martin Gilbert (pictured) will become chief executive alongside Standard Life boss Keith Skeoch

Wells Fargo board members must go, says Warren

Senator Elizabeth Warren
Getty Images

Senator Elizabeth Warren has called on the President of the US Federal Reserve to remove 12 board members at US bank Wells Fargo following the fake accounts scandal.

According to CNBC, Senator Warren has written to Janet Yellen, stating: "The fake accounts scandal cost Wells Fargo customers millions of dollars in unauthorized fees and damaged many of their credit scores.

"The scandal also revealed severe problems with the bank's risk management practices — problems that justify the Federal Reserve's removal of all responsible Board members."

Traders turn to Fed presidents for pointers

US investors will be pouring over comments by two Federal Reserve presidents for any hint of sentiment at the US central bank after it announced its second interest rate rise this year in June.

Both New York Fed president William Dudley and Chicago Fed president Charles Evans are speaking on Monday.

US stocks hit record high

The US Dow Jones Industrial Average hit a record high on Monday's opening when it added 67.35 points to 21,451.63.

The S&P 500 also began the day at a high, up 9.81 points at 2,442.96.

The Nasdaq rose 45.30 points to 6,197.06.

Up, up and away

President Emmanuel Macron at the Paris Air Show
Getty Images

France's CAC-40 stock market index is still buoyant on Monday - up 1.01% - and everything is rosy for the country's new president, Emmanuel Macron.

Here he is stepping into a Dassault Aviation Rafale fighter jet at the Paris Air Show which apparently flies faster than anything you or I will likely experience in our lifetimes.

A Dassault Aviation Rafale, which means "gust of wind", gave a flight display but was thankfully manned by a pilot and not Monsieur Macron.

Barclays South Africa hit by apartheid-era bailout claim

South Africa's anti-graft watchdog has ruled that Barclays's Africa business Absa benefited from apartheid-era bailouts and must repay 1.125 billion rand (£67.m)

Barclays has denied any wrongdoing.

Public Protector Busisiwe Mkhweban said an investigation had found that the apartheid government breached the constitution by supplying Bankorp, which was acquired by Absa in 1992, with a series of bailouts from 1985 to 1995.

Absa said it had not received a copy of the report and denied any wrongdoing, saying it "met all its obligations in respect of the loan provided by the South African Reserve Bank by October 1995."

It said: "Once we have read it we will consider our legal options including seeking a High Court review. It is our firm position that there is no obligation to pay anything to the South African government."

Stock markets across Europe higher

The FTSE 100 is up around half a percent at 7,497.

Sainsbury remains the big winner with a 2.5% gain.

There are stronger gains for stock markets on the continent of Europe.

In Paris the Cac-40 index is up almost 1%, following the large parliamentary majority won by Emmanuel Macron in Sunday's election.

Airbus is the leading share there with a 2.2% gain, it announced an order for 100 of its A320neo jets from a leasing firm.

In Frankfurt the Dax is up 0.8%, with steelmaker Thyssenkrupp the biggest winner.

Delivery Hero seeks to raise 1bn euros

Delivery Hero logo

Online food takeaway firm Delivery Hero is looking to raise nearly a billion euros through a share flotation as it seeks to grow the business and defend itself against new competitors.

The company - which was founded in Berlin in 2011 - is to raise about 927m euros (£811m) through an initial public offering (IPO), with its shares listed on the Frankfurt Stock Exchange.

Delivery Hero currently operates in more than 40 markets worldwide and employs more than 6,000 people.

However, it faces competition from rivals such as GrubHub, Just Eat and, as well as more recent entrants to the market such as Uber and Amazon.

BreakingBank of England appoints new MPC member

Professor Silvana Tenreyro appointed

The Chancellor of the Exchequer has announced the appointment of Professor Silvana Tenreyro as an external member of the Monetary Policy Committee (MPC).

The appointment is for a three year term, which will take effect from 7 July 2017.

She will replace Kristin Forbes, who comes to the end of her term of office on 30 June 2017.

Mark Carney, Governor of the Bank of England, said: "Her extensive and varied academic experience - on the monetary transmission mechanism, the dynamics of productivity, trade, housing issues as well as wage dynamics, to name just a few ­- will be invaluable to the Committee as it seeks to promote the good of the people of the United Kingdom through maintaining monetary stability."

Trump criticism gives Boeing 'seat at table'

Chris Johnston

Business reporter, BBC News, Paris Air Show

President Trump and Boeing chief executive Dennis Muilenburg
Getty Images
President Trump and Boeing chief executive Dennis Muilenburg in happier days

Boeing chief executive Dennis Muilenburg has been very well media trained.

When asked by the BBC at the Paris air show how he felt about his company being criticised on Twitter by President Trump (over the cost of a new Air Force One, for example), he says it has created an "opening for dialogue" and given Boeing "a seat at the table".

But normally these things are done behind closed doors, right?

At least Mr Muilenburg admits: "It's a different approach to what we might have seen in the past."

UK aerospace firm signs $1bn Pratt & Whitney contract

A Scottish engineering firm has signed a $1bn (£780m) contract to provide flight engine parts to a US company.

MB Aerospace said it would recruit 160 new staff as part of the 10-year agreement with Pratt & Whitney, a division of United Technologies Corporation (UTC).

The Motherwell-based company said the contract was a "milestone opportunity".

MB Aerospace also has manufacturing operations in the US and Poland and employs about 1,600 people.

A majority stake in the Scottish firm was taken by Blackstone private equity in 2013.