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Live Reporting

By Kim Gittleson

All times stated are UK

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  1. Goodbye

    That's all from me today. Tomorrow, Ben Morris and Howard Mustoe will lead you through to the end of the business week.

  2. HBO, Vice partner

    HBO ceo in front of HBO now logo

    US cable network HBO and Vice media are teaming up to produce a daily news show. It is the first ever daily programme for HBO, and it marks the channel's efforts to appeal to younger demographics both with Vice as well as with its on-demand streaming service, HBO Now. HBO has already been airing Vice, a half-hour weekly news magazine, for three years.

  3. Death's door

    Ford logo

    Ford has recalled approximately nearly 2,000 hearses in the US and Canada due to a potential problem with a vacuum pipe that could cause an engine fire. It also recalled 6,000 ambulances manufactured between 2011-2013 because of problems with a faulty temperature gauge.

  4. Petrobras fallout

    Petrobras oil rig

    Galvao Engenharia - one of Brazil's biggest engineering companies - has filed for bankruptcy in the wake of the biggest corruption scandal in Brazil's history. The firm said that it is owed more than $150m by Petrobras, the state-owned oil giant, which has been accused of accepting bribes from senior politicians and business leaders in return for contracts. The BBC's South America correspondent Wyre Davies says Galvao's bankruptcy "shows the [Petrobras] scandal could have wider economic consequences for Brazil".

  5. Easyjet adds cockpit rules

    EasyJet plane

    The BBC's transport correspondent Richard Westcott reports that Easyjet has also amended its cockpit rules. "From tomorrow, Easyjet will insist on two crew members in the cockpit at all times. If a pilot goes to the toilet a flight attendant will stand in," he says.

  6. FTSE ends lower

    The FTSE 100 ended the day lower. The index fell 1.37%, or 95.64 points, to 6,895.33. The day's biggest loser was the London Stock Exchange Group, which saw its share price fall by nearly 6% after Borse Dubai sold its 17% stake in the firm.

  7. Sun shines on Lululemon

    women practising yoga in lululemon clothing

    Beleaguered yoga pants manufacturer Lululemon's shares are one of the biggest risers on the Nasdaq today, up more than 7% in midday trading. After a series of missteps involving founder Chip Wilson - who has since been removed from the firm - the Canadian company reported profits of $110m in the crucial holiday quarter, and said same-store sales increased by 8%.

  8. Norwegian Air Shuttle rules

    Norwegian air shuttle picture

    Norwegian Air Shuttle - Europe's third-largest budget airline - said it would adopt new rules requiring two members to always be in the cockpit of its planes while they are in the air. The move comes in the wake of revelations that the co-pilot of Germanwings Flight 9525, which crashed on Tuesday, had locked himself in the cockpit. The new rule will be adopted "as soon as possible".

  9. Go south

    the villages florida

    The latest US census data is in and the fastest-growing city is... The Villages. Never heard of it? That's because it's a retirement community for the over-50 set. The population of the town, located just outside Orlando, grew by 5.4% between 2013 and 2014 to 114,000. In fact, six of the top 20 fastest-growing metropolitan regions in the US are in the warm climates of Florida, where US boomers are increasingly looking to spend their retirement.

  10. Greek deposits

    Bank of Greece building

    More reason to worry. Greece's central bank said that deposits in the Greek banking system fell by more than €7.5bn($8.2bn; £5.5bn) to €140.5bn at the end of February, as businesses and citizens move their money into safety. That puts added pressure on Prime Minister Alexis Tsipras' government to reach a deal with creditors. He has promised to submit a list of reforms by early next week.

  11. Liquidity storm

    Smash troika graffiti

    The Bank of England has warned that instability posed by Greece's debt situation, low growth in the eurozone, and China's economic slowdown, pose the biggest threats to UK banks. The Financial Policy Committee (FPC), which oversees the safety of the banking system, said in its quarterly report: "Any of these risks could trigger abrupt shifts in global risk appetite that in turn might lead to a sudden reappraisal of underlying vulnerabilities in highly indebted economies, or sharp adjustments in financial markets." The FPC also expressed concerns about liquidity in the banking system. Liquidity - that's banker speak for how easy it is to move money around by buying and selling assets - has been a focus since a "flash crash" in the US Treasury market last year.

  12. Broadway bust

    broadway sign

    US regulators have fined Oppenheimer & Co bank $3.75m (£2,5m) for failing to supervise an employee, Mark Hotton, who defrauded clients, including the producers of a cancelled Broadway musical. Mr Hotton, who was sentenced to 34 months in prison in October, misled the producers of the never-produced musical Rebecca - based on the Daphne du Maurier novel - of tens of thousands of dollars.

  13. US economic outlook

    Atlanta Federal Reserve Bank president Dennis Lockhart has said he thinks recent weak economic data will prove temporary and does not indicate that the US economy is downshifting to slower growth. He told a conference in Detroit that winter weather is to blame and low oil prices have slashed capital investment in the industry.

  14. Saudi oil

    Oil barrels

    Reuters reports that Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 as it covers a budget deficit caused by falling oil revenues. It may mean billions of dollars withdrawn from Western banks and financial markets. The country could stop this, of course, by cutting production. But it won't. The speculation about why Saudi is happy to see oil prices fall will continue.

  15. Draghi's bonds

    Mario Draghi

    European Central Bank chief Mario Draghi has insisted his bond-buying programme, dubbed the "big bazooka", is taking effect, telling Italy's parliament: "Monetary policy is re-inforcing the cyclical recovery. I insist in saying 'cyclical' because this recovery is not structural", he said, in a reference to problems such as unemployment that remain.

  16. Market update

    Wall Street started the day down, with traders blaming the Yemen crisis and the potential overvaluation of some stocks, including in the biotech and semiconductor sectors. The Dow Jones was down 88.69 points, or 0.5%, at 17,629.85. The S&P 500 fell 0.46% to 2,051.64, while the Nasdaq lost 0.74% to 4,840.56.

  17. Via Email

    Lloyds Bank stake

    Peter Turner

    Live page reader

    The government should not remain a shareholder as the bank derives no benefit from political sway. There is enough governance and press bashing as it is. So long as shares are sold above the purchase price, a profit is made. Hanging on for a dividend is not sensible as the funds should be better used to reduce interest burden of the national debt. The bank is hopefully learning the lesson and lending wisely.

  18. Bilfinger Brazil investigation

    German engineer Bilfinger said an internal report has found "potentially improper payments" of up to €1m (£737,000) to win business in Brazil. The company has commissioned auditors Ernst & Young to conduct a more comprehensive investigation.

  19. India share slump

    Indian shares fell more than 2% to their lowest in more than 10 weeks as investors worry foreign money may flee the market after Saudi Arabia launched air strikes in Yemen. The benchmark BSE index fell as much as 2.6% while the NSE index lost 2.4%, marking their lowest intraday level since 14 January.

  20. 'Drastic' cuts at Kraft

    World Service

    Kraft Heinz products

    "The food industry has long thought to be rather fat," says Jennifer Reingold from Fortune magazine on World Business Report. And the new bosses at Heinz Kraft will cut that fat "very, very, very drastically" she says. You can listen to the show here.

  21. Siemens order

    Siemens HQ

    Here's one for the train buffs. German engineering giant has won a €1.7bn (£1.25bn) to supply and maintain regional trains in Germany. To be precise, 82 trains will be supplied for services in North Rhine-Westphalia.

  22. Airlines weigh on FTSE 100

    FTSE 100

    Shares in airlines are weighing on the FTSE 100. British Airways owner, IAG and Easyjet are both down more than 4%. A rise in oil prices has dampened enthusiasm for those shares. But higher oil prices are good for Weir Group, which provides engineering for the oil and gas sector. Its shares are up 1.7% and lead the FTSE 100.

  23. Business live page glitch

    Ben Morris

    Business Reporter

    Sorry to anyone who is having trouble accessing the business live page using the Firefox browser. We seem to have a glitch that our boffins are now fixing. Other browsers work and I'm told that opening and closing Firefox can clear the problem.

  24. Via Twitter

    Jonty Bloom

    Business correspondent, BBC News

    car rental company outside Clarkson's home with a banner "Are you a good driver? Are you out of work? Need new delivery drivers - apply now."

  25. Superdry high

    Idris

    Supergroup chief executive Euan Sutherland said the company will start paying dividends with an interim payout in its 2015-16 financial year, sending its shares up 8.3%, the top riser on the FTSE 250 Index. The firm also said actor Idris Elba would work with Superdry to design and produce a premium line of clothing.

  26. Via Twitter

    Oil exploration

    Douglas Fraser

    Business and economy editor, Scotland

    Cost of oil exploring down by 33% by next year, @WoodMackenzie forecasts. It could see a rebound after drill spending slashed this year

  27. Via Email

    Lloyds Bank stake

    Jason Dobson

    Manchester

    The Govt. should definitely keep a stake for the time being - say 20%. The steady income stream from the dividends can be used to pay down the debt, and also without the threat of further shares sales weighing on the share price, the remaining 20% grows in value as well. Why should we always nationalise the loss and privatise the profit?

  28. Via Twitter

    Douglas Fraser

    Business and economy editor, Scotland

    @DailyMailUK group investor update: circulation -4%, print adverts -6%, MailOnline adverts +21%.

  29. Coal mines to close

    Kellingley coal face

    The Government will not provide an extra £338m to keep UK Coal's pits at Kellingley in North Yorkshire and Thoresby in Nottinghamshire open for a further three years, ministers announced today. UK Coal says it will receive £4m to help it "safely close" the two mines.

  30. Dubai exits London Stock Exchange

    London Stock Exchange

    Shares in London Stock Exchange (LSE) remain the biggest losers among FTSE 100 shares, down 8.6%. That fall comes after Borse Dubai sold its 17.4% stake in the London market. The stake is worth £1.5bn. The Qatar Investment Authority is now the biggest shareholder in the LSE, with a 10% stake, according to Bloomberg news.

  31. Adidas shares down

    Adidas shares

    Investors are not impressed by the grand plan from Adidas to revive its business, shares are down 1.7%. "The goals are ambitious, but the steps incremental. Adidas is shunning drastic measures such as selling its struggling brands. Investors have good reasons to remain unimpressed," says Reuters Breakingviews.

  32. Shell job cuts

    Shell ship, Rotterdam

    Shell UK plans to cut 250 staff and agency contractors in its North Sea operations. It said that tax changes made in the Budget "are a step in the right direction" but warned "the industry must redouble its efforts to tackle costs and improve profitability if the North Sea is to continue to attract investment".

  33. Oil prices jump

    Brent crude

    The price of North Sea Brent Crude is up almost 4% (it was even higher overnight) on news that Saudi Arabia and its Gulf allies have carried out airstrikes in Yemen. But analysts say that oversupply will remain a problem for the market. "The upside potential is limited unless something escalates. We need to see how this unfolds over the next couple of days," said Ole Hansen, head of commodity strategy at Saxo Bank.

  34. Adidas rebooted

    Adidas boots

    Adidas has launched a grand plan to reinvigorate its business and catch up with Nike, which has been outperforming Adidas for years. It plans to "significantly" reduce production times, so new kit gets to the shelves more quickly. It is focusing on "six global key cities": Los Angeles, New York, London, Paris, Shanghai and Tokyo. It plans to invest "over-proportionally" in "talent, attention and marketing" in those cities.

  35. Shopping stats

    Shoppers, Oxford Street, London

    Falling prices and rising sales - the trend continued for the UK retail sector in February according to the latest figures from the Office for National Statistics: Year-on-year estimates of the quantity bought in shops in February 2015 increased by 5.7% compared with February 2014. Department store spending and household goods stores led the way. Prices dropped 3.6% on the year, the eighth straight month of declines.

  36. Greek banks under pressure

    Greek philosopher Plato

    Money continues to leave Greek banks. The level of deposits fell by €7.8bn (£5.75bn) in February, according to data from the European Central Bank.

  37. Eggsellent work?

    Some nifty footwork by the marketing people at Lidl. The band, One Direction, loses one of its five members, so Lidl reduces the price of their One Direction chocolate egg by 1/5th too.

    Lidl chocolate egg

    #Awkward - looks like we'll just have to knock a 1/5 off too. #AlwaysInOurHeartsZaynMalik #ByeZayn

  38. Via Twitter

    Taxes

    Robert Peston

    Economics editor

    Have Tories and Labour made foolish and reckless commitments not to raise taxes?

  39. Lloyds stake

    Lloyds Banking Group says that sale of state-owned shares takes the government stake down to 21.9% from 23.9%. The UK owned as much as 41% in the lender after bailing it out. As Lloyds is now paying dividend, perhaps taxpayers should hang on to a stake. What do you think? bizlivepage@bbc.co.uk

  40. Newspaper review

    Business pages

    The Guardian's business section reports comments from Ian Davidson, chairman of the Scottish affairs committee who said Sports Direct "shafted" taxpayers, suppliers and around 200 workers at an Ayrshire warehouse. The Times says that the Bank of England was "caught cold" by the failure of the crucial payment processing system. Etihad is backing IAG's Aer Lingus bid, says the companies section of the Financial Times. The Telegraph looks at the tough cost cutting favoured by the new owners of Kraft. "Tight-fisted and ruthless," is how they describe it.

  41. Market update

    Easyjet shares are down almost 3%, despite raising its profit guidance for the six months to 31 March. Shares in London Stock Exchange slumped more than 8%. Reuters reported that Borse Dubai is selling its stake in the exchange.

  42. Lloyd's of London boss

    Inga Beale the chief Executive of Lloyds of London

    Last year saw an "incredibly low" incidence of major natural catastrophes, so there were relatively few claims, Inga Beale the chief executive of Lloyd's of London tells BBC World TV. Insuring against cyber attacks is a growing business and Lloyd's has 15% of the market. It estimates global business is losing £450bn a year from such attacks and is (of course) keen for firms to buy insurance cover.

  43. Lloyds stake

    Lloyds sign

    The government has flogged another wodge of shares in Lloyds Banking Group, raising £500m. Chancellor George Osborne told Twitter the cash would be used to reduce the national debt, which currently stands at more than £1.4tn.

  44. Last bank in town

    Radio 5 live

    Bank cashier circa 1972

    So what happens when the last bank branch in town closes? Banks will follow a new protocol Eric Leenders from the British Bankers Association tells 5 live. Three months before the closure, banks will contact the community. Suitable alternatives will be looked at, including preparing the local post office, establishing a local cash machine or a pay point.

  45. RBS Citizens sale

    Bankers Royal Bank of Scotland are flogging another chunk of their US business, Citizens, which they told us earlier in the week. Today, we learn they will sell 135 million shares, or 24.7%, of Citizens stock at $23.75 a share, raising $3.2bn. Investors have the option to buy an extra 20.25m shares if they want. Assuming they do, RBS's holding in Citizens will drop to 42%.

  46. Easyjet upgrades itself

    Easyjet plane

    Easyjet has raised its profit guidance for the the six months to 31 March. It now expects its pre-tax result to range between a loss of £5m and a profit of £10m. Previously it was forecasting a loss of between £10m and £30m. The company has been helped by lower fuel costs, but warned over "volatile" currency rates.

  47. UK car industry

    Jaguar logo

    Jaguar Land Rover (JLR) has confirmed that is is spending £400m at its Castle Bromwich plant. We knew the investment was underway, but this appears to confirm the amount. Also as we mentioned earlier, China's Geely Group is spending £250m on a new factory for the London Taxi Company, also near Coventry in the West Midlands.

  48. Lloyd's of London results

    Insurer Lloyd's of London said pretax profit in 2014 was unchanged from 2013, coming in at £3.2bn. It boosted its reserves by 11.2% to £23.5bn. Its ratio of outgoings to income was 88.1% compared to an industry average of 93.1%, it said.

  49. On message

    Radio 5 live

    Every time Benny Higgins, chief executive of Tesco Bank is asked an interesting question he answers: "The important thing is that we are focused on customers." So that's great for Tesco shoppers - not so great for Wake Up to Money listeners.

  50. Kraft Heinz merger

    BBC Radio 4

    Cristiane Correa an author of a book on 3G Capital, the firm merging Heinz and Kraft, is on the Today programme. "They are not thinking of reselling the company. They are thinking of keeping the company to make it grow... they are into cost cutting really seriously," she said.

  51. English shoes in Japan

    Radio 5 live

    Tokyo"s Ginza shopping district

    A third of all shoes made in the UK are exported to Japan we learn on Wake Up to Money. That's 300,000 pairs of shoes a year says the BBC's Rob Adcock in Tokyo, many of those shoes are made in Northampton. Since 2010 the value of exports has jumped 45% to £20m. Apparently the Japanese like the heritage associated with English shoe brands.

  52. Cabs from Coventry

    BBC Radio 4

    Black cabs, London

    The London Taxi Company, which rose from the ashes of black cab maker Manganese Bronze, is opening a new factory near Coventry making electric black cabs. Peter Johansen is vice president of UK operations, and is on Today. "It's driven by an electric motor but it has an onboard generator," he says, meaning running out of juice is less of a risk.

  53. Self-employment

    Radio 5 live

    About half the jobs created over the last few years have been self-employed says Wake Up to Money. A report by the Royal Society of Arts (RSA) found that 36% of those workers sit in the bottom 20% of all earners. Benedict Dellot, from the RSA said the self-employed lack access to maternity pay, jobseekers allowance and other benefits.

  54. Kraft Heinz merger

    Radio 5 live

    These will be nervous times for staff at Kraft, following the announcement of the firm's merger with Heinz. The new bosses include 3G capital, famed for its cost cutting. They have a "zero budget policy" says Virginie Maisonneuve from PIMCO. Every single cost has to be justified. This kind of attitude will become more common in a low growth world she says. "Any fool can cut costs," opines presenter Mickey Clark. "It takes a genius to grow it".

  55. Post update

    Ben Morris

    Business Reporter

    Good morning. There's a boost for the British car industry. The Chinese owners of London Taxi Company are investing £250m in a plant near Coventry and Jaguar Land Rover confirms a £400m investment in their Castle Bromwich plant. Do get in touch bizlivepage@bbc.co.uk or tweet @bbcbusiness.