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Live Reporting

By Chris Johnston

All times stated are UK

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  1. Goodbye

    That's all we have time for on Business Live today - thanks for reading. Join us again at 0600 when Matthew and Russell are back to bring you all of Wednesday's business news and views.

  2. US shares slide

    Wall Street has notched up sharp losses with the Dow Industrials, the S&P 500 and the Nasdaq all losing about 1%. Traders blamed a surge in the value of the dollar and worries over Greece. The dollar gained 1.3% against the euro to buy €0.9196.

  3. Via Email

    Aer Lingus deal

    Ryanair

    Ryanair has sent its reaction to the Aer Lingus deal: "Our position has not changed. The board of Ryanair has yet to receive any offer, and will consider any offer on its merits, if and when an offer is made."

  4. Productivity puzzle solved

    Office worker asleep at their desk

    It seems that the biggest puzzle for the economy today - productivity - has been solved. Drinking, smoking and over-eating are not apparently harmful to the average worker's effectiveness, a new study has found, according to the Daily Mail. But lack of sleep is. People who sleep for six hours or less a night are notably less productive than those who get seven or eight hours, according to the study of more than 21,000 UK employees carried out by researchers from Cambridge University and Rand Europe. Perhaps it's all a ploy to make us go to bed earlier.

  5. BreakingBreaking News

    Aer Lingus deal

    The Irish government has agreed to sell its 25% stake in Aer Lingus to IAG, which is the owner of British Airways. Back in January IAG offered to buy the Irish airline for €1.36bn (£961m). That deal depends on whether the other big shareholder in Aer Lingus, Ryanair wants to sell.

  6. More powerful women...

    Taylor Swift

    More from the Forbes list of the world's most powerful women. New entries include US Attorney-General Loretta Lynch at 34; Google chief financial officer Ruth Porat at 32; Bank of England deputy governor Nemat Shafik at 66; Donna Langley, chair of Universal Pictures, at 58; and "Entertainer-Philanthropist" Taylor Swift (pictured) at 64. Here I was thinking she's just a pop star.

  7. No more artificial colours and flavours for Yum

    Taco Bell

    Big news from the world of fast food: Taco Bell and Pizza Hut are ditching artificial colours and flavours. It's only taken until 2015, but better late than never I suppose. That means Taco Bell will use actual black pepper rather than "black pepper flavour", in its seasoned beef. Out goes the catchily named artificial dye Yellow No. 6 from its nacho cheese, while diners will be deprived of Blue No. 1 from Taco Bells' avocado ranch dressing. The list goes on. But Yum Brands has not forgotten who its customers are, mind. Chief exec Brian Niccol says it will strive to keep its food affordable: "I do not want to lose any element of being accessible to the masses."

  8. Via Twitter

    RBS offloads bad loans

    Douglas Fraser

    Business and economy editor, Scotland

    Tweets: RBS offloads £1.4bn of bad loans in N Ireland to Cerberus capital affiliate, for £205m. Closes the book on NI loan damage @BBCDouglasF

  9. Hodge: jury out on Amazon

    World Service

    Hodge

    Margaret Hodge, chair of the Public Accounts Committee, is not quite ready to sign up to Amazon once more despite its decision to pay UK tax on its UK sales - rather than channel them through Luxembourg. "Let's see what openness we can get," she tells World Business Report. "All that we ever asked is that they should pay their fair share of tax on their UK sales."

  10. Mats' heroic Eurovision win

    Mats

    Britain seems to think that entering Eurovision is the kiss of death for an act's career - but maybe that is only true if an act enters the competition for the UK. Sweden's Mans Zelmerlow, who won the competition on Saturday night with Heroes, seems set for a top five entry on the next UK singles chart. Belgium's Loic Nottet, who came fourth, will make an appearance in the top 40 too. The less said about the UK entry - Electro Velvet - the better, methinks. (Yes, we came 24th with just five points - one point ahead of France. And also slightly better than the big fat zero chalked up by both Germany and host nation Austria.)

  11. Via Twitter

    Libor trader court case

    Mark Broad

    Business producer, BBC News

    Tom Hayes

    Tom Hayes and his wife leave court - stops briefly to pose for photos. @markabroad

  12. Aussie insurer to float

    South African-owned insurer Hollard Group plans to raise nearly A$1bn (£502m) by listing its Australian unit Greenstone in what is set to be the country's biggest flotation so far this year. At the top end of the A$2 to A$2.50 a share range, the life and pet insurer would be worth A$1.7bn (£850m). About 58% of Greenstone will be sold.

  13. The world's most powerful women - according to Forbes

    Mary Barra

    Plenty of business figures on Forbes' annual list of the world's most powerful women. While Angela Merkel tops the list for a fifth year, US Federal Reserve chair Janet Yellen is fourth, General Motors chief executive Mary Barra (pictured) is in fifth place - somewhat inexplicably ahead of IMF chief Christine Lagarde in sixth place. Facebook chief operating officer Sheryl Sandberg is eighth, while YouTube chief executive Susan Wojcicki is ninth - ahead of US First Lady Michelle Obama. Not quite sure how Forbes defines "power".

  14. LVMH to buy Le Parisien

    Le Parisien

    LVMH said it is in exclusive talks to buy French daily newspaper Le Parisien from Amaury Group. The French luxury goods group, which already owns the financial daily Les Echos, said the deal was subject to regulatory approval. "This well-known and respected publication would make a material contribution to our group through its strong complementarity with our current titles," Les Echos chief executive Francis Morel said.

  15. Bad day for the FTSE 100

    Royal Mail

    Any bank holiday joy among investors has been forgotten as London's FTSE 100 sank 1.2%, or 82 points, to 6,948.99. Royal Mail was the biggest riser, up 3.6% to 521.5p, while Fresnillo was the biggest faller, down 3.5% to 736p. Meanwhile, the CAC 40 in Paris slipped 0.66% to 5,083.54 points, while the DAX 30 in Frankfurt dropped 1.6% to 11,625.13.

  16. Greece on the G7 agenda

    Maybe it will take Uncle Sam to knock some heads together over Greece. There is a meeting of G7 finance ministers in Dresden this week, at which officials say the Greek situation will be discussed - on the sidelines at least. "The Americans are stressing the geopolitical risks and telling us we have to find a solution, that we cannot really put the euro area and Europe at risk because of Greece," says one official.

  17. Deutsche pays another SEC fine

    Deutsche Bank

    Deutsche Bank has settled a long-running investigation with the US Securities and Exchange Commission by agreeing to pay $55m. The SEC did not bring any charges against individuals in this case, nor did the bank admit or deny charges connected with the derivatives trades dating back to late 2008 and early 2009, Deutsche said. While the SEC said the bank did not correctly value certain derivative trades, Deutsche said there was no reliable model to value those trades during the turbulent period following the collapse of Lehman Brothers.

  18. Comcast congrats for Charter cable coup

    Comcast

    This statement from Comcast boss Brian Roberts is attracting some attention on Twitter. "Infrastructure providers have the best burns", tweets @benthompson, while @MattZeitlin of BuzzFeed quips: "I like to think he composed this statement while playing squash".

  19. Amazon 'will pay more tax'

    BBC World News

    Amazon

    George Bull, a senior tax partner with Baker Tilly accountants, tells World Business Report that Amazon's move to change the way it books sales means it will pay more tax. "The UK sales last year, 2014 for Amazon were $8.3bn, the profit margins are going to be pretty small but they are going to be paying UK tax on those, same in Germany, Italy and other countries affected by this," he says. "It's not only Amazon that I think we're going to see doing this. This might be the beginning of a wave where other multinational corporations see the trend of travel and say ... maybe we just reorganise ourselves and play a much simpler game with tax authorities around the world."

  20. Time Warner Cable shares jump

    Michelle Fleury

    BBC business correspondent, New York

    TWC

    This was the view from the floor of the New York Stock Exchange earlier after Charter Communications' takeover of Time Warner Cable was announced. TWC's shares have fallen back slightly but are still up 4% at $178.06.

  21. Consumer confidence rises

    Shoppers

    US consumer confidence has bounced back in May as the job market recovered. The Conference Board's index rose to 95.4, up from 94.3 in April. However, the index is still some way below the March figure of 101.4. While consumers' assessment of the economic outlook for the next six months slipped, their expectations for the job market improved. Employers added 223,000 jobs last month, up from just 85,000 in March, with the unemployment rate falling to 5.4%.

  22. MEPs back emissions reform

    Members of the European Parliament voted for a compromise deal to begin a new reform of the EU Emissions Trading System from January 2019. MEPs voted 49 in favour, eight were against and two abstained.

  23. New York opens down

    TWC

    Wall Street opened lower as trading got underway following the Memorial Day holiday on Monday. Shares in Time Warner Cable jumped 5%, making it the top riser on the S&P 500, after it agreed to be bought by Charter Communications for $78.7bn. However, the S&P still fell 9 points, or 0.5%, to 2,116, with the Dow Jones lost 0.7%, or 129 points, to 18,134. Nasdaq slipped 19 points, or 0.4%, to 5,071.

  24. Delay could risk 'market panic'

    Further to this IMF idea, the officials say Greece could only use such a trick if there was a credible prospect of a funding deal. Otherwise, the missed payment could trigger market panic and a bank run in Greece. "They would get a few extra weeks, but unless there is some perspective how they would deal with this full payment, it would be a risky thing for the Greeks to do. And the consequences would be unpredictable," one told Reuters. "People could want to withdraw their savings and who knows what Greece would have to do."

  25. How to avoid default, IMF style...

    Greece

    Is this a get-out-jail card for Greece? IMF officials quoted by Reuters say that the cash-strapped country could avoid repaying the IMF on 5 June and still not default. How so? Greece could combine all IMF repayments due next month and pay them at the end of June, according to the idea. There are four instalments due next month that total €1.6bn (£1.13bn). "That's basically a technical treasury exercise and they could tell the IMF that this is how they want to do it and the IMF would probably have to be OK with that," one official said.

  26. Greek 'accident' on the cards?

    El-Erian

    Accidents will happen - and in the case of Greece have become considerably more likely, says Mohamed El-Erian, chief economic adviser at Allianz. "I think the probability of an accident is now somewhat higher. I don't think we can just muddle through forever on Greece," he tells CNBC. Such an event - which now had a probability of as much as 60% - would force the European Central Bank to further loosen monetary policy but not necessarily threaten the eurozone economy, Mr El-Erian adds.

  27. Good afternoon

    Thanks to Matthew and Russell for this morning's coverage. Chris Johnston here with you until 2130 with the rest of the day's business news and views.

  28. Uber faces closure threat in Italy

    Uber

    Italian media is reporting that a court has told UberPOP to shut down within two weeks, the latest in a series of legal challenges and protests against the popular - but controversial - ride-sharing service. Uber's app for mobile phones puts customers in touch with private drivers at prices lower than those of traditional taxis. Judge Claudio Marangoni reportedly said that UberPOP was benefiting from unfair competition, because traditional taxi services have to pay higher costs to operate.

  29. British banks paying less corporation tax

    Canary Wharf

    UK banks have in recent years paid a third of the corporation tax they were paying less than a decade ago despite a rebound in profits, according to a new study. Cambridge Judge Business School says corporation tax receipts from banks fell to £1.3bn in the tax year 2011-12 and £2.3bn in the following tax year. That's from a peak of £7bn in 2005-06. It means UK banks paid just 4% of the total corporation tax take in 2011-12 compared to 20% six years earlier.

  30. Internet usage

  31. Regulator to consider Greene King/Spirit undertakings

    The Competition and Markets Authority is to look at the proposed undertakings offered by Greene King following its proposed £774m takeover of the Spirit Pub chain announced last November. It is believed the undertakings are enough that the CMA may will willing to accept the reduction in competition within the market following the deal. The CMA has until 7 July to accept the undertakings or extend the time it needs to look at the deal.

  32. FCA fines former Keydata boss £75m

    Three men are facing fines of nearly £80m from the City regulator for misleading investors into buying so-called "death bonds", linked to unwanted life insurance policies. One of them - Stewart Ford - has been given a fine of £75m, the largest such penalty ever imposed on an individual. The Financial Conduct Authority (FCA) said the way the bonds were sold - by a company called Keydata - was "unclear, incorrect and misleading". Some 37,000 people bought the bonds. Investors, who bought the investments between 2005 and 2009, were incorrectly told that they were eligible for Isas.

  33. Bank shares suffer from Greek woes

    Banks are among the main losers on the FTSE 100, which is down 0.24% to 7,014.75 points. Royal Bank of Scotland is 1.55% lower, while Barclays has lost 0.9%, with investors worried about a possible Greek debt default. Royal Mail, whose shares have benefitted from news a key rival is cutting back, was up another 3% after Cantor Fitzgerald upgraded the stock from 'sell' to 'hold'. Outside the top flight, Cineworld rose 2.2% after the cinema group posted strong earnings growth.

  34. Keydata fine

  35. Varoufakis: Greece will repay IMF loan on time

    Greek Finance Minister Yanis Varoufakis

    Greece will repay a loan to the International Monetary Fund on 5 June because it will have struck a deal with its foreign lenders by then, finance minister Yanis Varoufakis says. Greece must repay €1.6bn euros to the IMF in June in four instalments. The first, on 5 June, totals about €300m. Senior government officials have said in recent days that Athens will not pay the IMF unless it comes to an agreement with its EU and IMF lenders for more aid. Asked by journalists if Greece would repay the loan next week, Mr Varoufakis said: "Of course, because there will be a deal by 5 June."

  36. Libor trial begins

    The first criminal trail in the wake of the Libor scandal three years ago has begun this morning. Former City trader Tom Hayes, 35, is alleged to have rigged interbank lending rates while employed by banks UBS and Citigroup. The prosecution opened its case saying Mr Hayes of Fleet, Hampshire was motivated by greed and acted in a "thoroughly dishonest and manipulative manner" to rig interbank lending rates. The prosecution stated he did "everything in his power" to manipulate the rates. He denies eight counts of conspiracy to defraud covering a period from 2006 to 2010.

  37. BreakingPost update

    Charter to buy Time Warner Cable for $78.7bn

    Charter Communications has said it is to buy Time Warner Cable in a cash-and-stock deal that values the larger rival at $78.7bn to compete with US cable services provider Comcast. The deal values each Time Warner Cable share at about $195.71, based on its 20 May closing price, the companies said in a joint statement on Tuesday.

  38. Retail sales volumes pick up

    Shoppers on Oxford Street

    Growth in retail sales volumes picked up strongly in the year to May and expectations for next month are at their highest for 27 years, the latest quarterly survey from the Confederation of British Industry says. Orders placed upon suppliers also rose more quickly than anticipated - at the fastest pace since December 2010 - while sales were well above average for the time of year, to the greatest extent since April 2007. The survey of 134 firms including 63 retailers shows growth in both the volume of retail sales and orders exceeded expectations in May. Firms remain optimistic that both sales and orders are set to rise at an even stronger pace in the year to June.

  39. World drowning in debt

    The world is drowning - nearly - under too much debt the European chief executive of Goldman Sachs Asset Management has warned. The Telegraph reports him as saying an ageing global population means countries' debt piles are in danger of growing out of control and that the build up of debt poses one of the biggest threats to the global economy. Andrew Wilson, head of Europe, Middle East and Africa (EMEA), told the newspaper: "There is too much debt and this represents a risk to economies. Consequently, there is a clear need to generate growth to work that debt off but, as demographics change, new ways of thinking at a policy level are required to do this."

  40. IFS thinktank details benefit savings

  41. French banks 'safe' from Grexit

    Christian Noyer

    Reuters is reporting that a Greek exit from the euro no longer represents a risk to the French banking sector, according to European Central Bank council member Christian Noyer. French banks suffered badly during the early years of the Greek financial crisis, but have since cut their exposure. Noyer, who's also governor of the French central bank, says: "It [Grexit] is not a risk that I consider to be important for the French banking sector now." Maybe we shall get to find out.

  42. IMF backs China over yuan value

    yuan notes

    China's yuan currency, which the US has long claimed was manipulated, is "no longer undervalued", the International Monetary Fund says. "Our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued," the IMF said in a statement after a consultation mission to China.

  43. Visitors flock to Scottish whisky makers

    Whisky bottling line

    Scotland's distilleries have seen a record number of visitors, according to a survey by the Scotch Whisky Association. It says more than 1.5 million people visited the 54 distilleries which were open to the public last year. That is up about 6% on the figure for the previous year.

  44. Shell's Arctic exploration

    BBC World News

    Dr Manouchehr Takin

    Amid the protests against Royal Dutch Shell's plan for oil exploration in the Arctic, energy consultant Dr Manouchehr Takin wants to remind people that it is US politicians who will have the final say. He tells Business Live's Ben Thompson that the US wants energy security and to not be reliant on the Middle East. "To take the risk of drilling in the Arctic is a sovereign decision for the US government," he says.

  45. Infidelity website feels comfortable in London

    BBC World News

    Noel Biderman

    "Life is short, have an affair." It's the slogan of Ashley Madison, a website for people wanting extra marital affairs. Boss Noel Biderman has been on Business Live talking about the fast-growing US firm's plans to list on the London stock market. Why the UK? "London is more comfortable with sin and controversial businesses," he believes. He accepts that the morality issue could put off some investors, but looking just at the balance sheet and growth potential, Ashley Madison should be a "no brainer" for them.

  46. Sturgeon economy speech

    Nicola Sturgeon adds: 

    Quote Message: Businesses don’t stand apart from wider society you’re part of wider society.
  47. Scotland wants partnership with business

    BBC News Channel

    Nicola Sturgeon

    Ms Sturgeon says Scotland wants to climb the "global competitiveness rankings on equality rather than racing to the bottom on costs". She says her government wants to build a partnership for productivity with businesses. Shared prosperity depends on productivity growth, which depends on growth in shared income - that means paying workers higher wages, she says. There is "a growing international consensus" that inequality is harmful to the economy. She points out that the Organisation for Economic Cooperation and Development highlighted that growing inequality in the UK reduced economic growth by 9% in the years between 1990 and 2010.

  48. Sturgeon sets out Scotland's economic priorities

    BBC News Channel

    Scotland's First Minister Nicola Sturgeon is setting out her government's economic plans for the country this morning and has launched her latest attack on austerity. She says the Scottish National Party will continue to oppose the "scale and speed" of Westminster spending cuts and campaign against them. On the EU, she says the party is against withdrawal and will propose "a double majority" - whereby a British exit would only be possible if all four nations agreed to British exit.

  49. Post update

    Radio 5 live

    The boss of the Engineering Employers' Federation is on 5 live talking about why the government must "get on with it" and hold an EU referendum. Terry Scuoler says firms are unsettled by the uncertainty. The UK's future in the EU is a "pretty sizeable unknown" and he'd like a vote in 2016, not 2017. That said, his membership definitely want a 'yes' vote, he says.

  50. Zero hours contract reforms inadequate

    Labour shadow business secretary tweets

  51. London market update

    It's fairly quiet on the FTSE 100 so far with the blue chip index up just 0.11% at 7039.42 points. Easyjet is among early leaders, up 2.45% to 1630p, with investors probably speculating that if Ryanair is doing so well - the Irish airline reported fourth quarter earnings were 66% higher - its main rival looks like a good buy too. Astrazeneca is leading falls, down 1.03% at 4427.50p.

  52. Amazon changes tax arrangements

    Amazon

    Online retailer Amazon has confirmed it has started declaring sales made in major European markets in their respective countries instead of just via Luxembourg. It means Amazon will pay taxes on the sales made in each individual country. Amazon's tax arrangements have been widely criticised. Until now it has recorded all its European sales and paid taxes on them in Luxembourg. That has led to accusations of tax evasion and sparked a European investigation, which is ongoing.

  53. Rise of Nikkei index continues

    Nikkei share graph

    Japan's benchmark Nikkei 225 has edged to a fresh 15-year high. The index closed up 0.12%, marking an eight-day winning streak. "I still see the Japanese market as vulnerable to a correction, but it continues to be a market you want to buy on the dips," says Nader Naeimi, Sydney-based analyst at AMP Capital Investors.

  54. O2 service back 'to normal'

    O2 store

    Mobile phone company O2 says its service has "returned to normal". Customers in parts of the UK complained of reception problems, including business Secretary Sajid Javid who told O2 to "sort it out". The firm said: "We apologise for any inconvenience caused to those customers affected and we will now begin a full investigation to identify the root cause."

  55. Manufacturers call for UK to get on with referendum

    Manufacturers' organisation EEF has called for Britain to "get on with it" and hold its planned referendum on whether to leave the European Union no later than next year to avoid a long period of damaging uncertainty. Prime Minister David Cameron has said he will hold the referendum before the end of 2017 if talks with his counterparts on reforms go well. He wants concessions over in-work benefits and free movement of people before putting the UK's membership of the EU to a vote. EEF group represents manufacturing, engineering and technology giants such as Rolls Royce, BAE Systems and around 20,000 firms in total. It wants a referendum to be held as early as May 2016 or during the autumn of next year.

  56. Emerging threat to global economy

    BBC Radio 4

    What's the single biggest threat to the global economy? For IHS Global's chief economist Nariman Behravesh "it's the very sharp deceleration in growth among the emerging economies". IHS has just published its global economic outlook, and he tells Today that there are bright spots, however. "The UK took its bitter medicine early on and is reaping the dividends of that," Mr Behravesh says.

  57. Grexit?

    Radio 5 live

    A Greek national flag flutters next to a statue of ancient Greek goddess Athena,

    Brenda Kelly, head analyst at London Capital, tells Wake Up to Money that a Greek debt default is probably going to happen. There are questions as to whether Greece will be able to pay salaries and pensions, she adds. Markets are "pretty reticent" about the ongoing drama that is Greece, partly just because it has been going on for so long. It is likely Greece will default on its debts but because it's borrowing costs remain relatively low at the moment, it is still unlikely that the country will leave the eurozone, she says.

  58. Ryanair: It pays to be customer friendly

    Ryanair plane

    Ryanair's new customer-friendly approach seems to be paying off - see the latest profit figures. Brenda Kelly, head analyst at Financial Capital Group, tells Today she's certainly "noticed a marked difference when I go home these days" to Ireland. But she points out that Ryanair's 66% jump in profits also has a lot to do with the slump in oil prices.

  59. Energy meters

    Radio 5 live

    Gas rings on a cooker

    More from Lee Healy on energy firms imposing pre-pay meters on customers. He says it is important to remember that energy meters are part of the [debt] collections process. Customers that have had them imposed will have been aware that this was coming down the tracks, he says. Energy debt is usually one of a number of debts that these households suffer from and disconnection is the ultimate sanction, he adds. But it is important to remember that energy bills, like rent or council tax, are priority bills. He says if households "are getting those red bills through the post, the first thing customers should do is seek debt advice from an organisation such as Citizens Advice".

  60. Report calls for bank transparency

    BBC Radio 4

    City of London skyline

    Transparency and disclosure over the tax affairs of banks remains a huge problem, says Professor Geoff Meeks, author of a report on corporation tax published today. He tells the Today programme that banks are paying far less in corporation tax to the UK exchequer, but understanding why is not easy. One reason is banks are getting tax relief on past losses. But a possibly bigger reason is they are shuffling around money internationally. "The lack of [tax] harmonisation across countries is a big opportunity for armies of tax advisers to shunt profits around," he says.

  61. Ryanair: no Aer Lingus offer yet

    Ryanair and Aer Lingus aircraft

    Ryanair says it has yet to receive an offer for its near-30% stake in Aer Lingus. British Airways' owner IAG has bid for the airline and has been in long negotiations with the Irish government. But Ryanair said today: "Our approach to the IAG offer remains unchanged. The Board of Ryanair will consider any offer (should we receive one) from IAG on its merits, if or when it is received."

  62. Ryanair profits jump

    Ryanair planes

    Ryanair's net profits jumped 66% to €867m (£613m) in the year to the end of March. Chief executive Michael O'Leary said the airline's strategy to improve customer service "has attracted millions of new customers to Ryanair."

  63. Energy meters

    Radio 5 live

    One of the big problems with pre-pay energy meters is that they are more expensive than paying by direct debit. So those people already struggling to meet their energy bill payments find they pay more for their energy once a pre-payment meter is installed in their home. It has been an ongoing problem for a long time Mr Healey says. But he points out that E.On has recently brought its pre-pay meter charges in line with those customers who pay by direct debit

  64. Energy meters

    Radio 5 live

    Lee Healey, managing director of money advice service Income Max, is talking energy meters on Wake up to Money, after BBC Radio 5 Live found 500,000 households had the pre-pay meters imposed on them in the last six years. Ofgem announced an investigation into the practice earlier this year. Mr Healey says some people choose to have energy meters because they help them control their budget and prevent them from getting into arrears. He says sometimes metres are imposed on customers, however, as a means to stopping them from being disconnected.

  65. Get in touch

    Matthew West

    Business reporter

    Don't forget you can get in touch via email at businesslive@bbc.co.uk and via twitter @bbcbusiness.

  66. Good Morning

    Matthew West

    Business reporter

    Morning folks. Ryanair has a trading update out later this morning. We also get results from Jaguar Land Rover, while the Competition and Markets Authority will a give a view on the proposed merger between BT and Everything Everywhere announced earlier this year. The first criminal case to result from the Libor scandal three years ago starts later today, and we may get more on Greece. Busy day, so stay tuned.