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Live Reporting

By Karen Hoggan

All times stated are UK

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  1. Over and out

    That's all from a busy day on Business Live - my colleagues are back bright and early at 06:00 so do join us then for all of Tuesday's happenings. Thanks for reading.

  2. Monsanto shares jump

    Monsanto sign

    Monsanto shares closed 4.4% higher at $106 in New York tonight - still considerably below the $122 a share being offered by Germany's Bayer.

    The fact shares in Bayer fell 5.7% in Frankfurt today might suggest investors are sceptical about the merits of the $62bn merger.  

  3. Oil eases back

    Oil pump

    Oil prices eased again on Monday after Iran said it would increase output and the number of rigs drilling for crude in the US held steady after declining for eight consecutive weeks. 

    US crude fell 33 cents to $48.08 a barrel, while Brent shed 37 cents to $48.35.

  4. Wall Street ends lower

    Wall Street ended slightly lower as a bounce in Apple failed to offset growing concerns that the Federal Reserve could raise interest rates sooner than later. 

    The Dow Jones industrial average fell 5 points to 17,495.8, the S&P 500 lost 4 points, or 0.2%, to 2,048.3 points and the Nasdaq Composite dropped 0.1% to 4,765.7 points.  

  5. Tap and snack

    Jean-Robert Kamdoum

    Do contactless cards make us spend more? Lucy Hooker has been flashing the plastic to find out.

    She spoke to Jean-Robert Kamdoum (pictured), who tallied up his spending and found that paying with contactless did mean he spent money more than usual.  

    Read Lucy's feature here.

  6. Versace tries on McQueen chief

    Donatella Versace
    Image caption: Donatella Versace is the label's creative chief

    And on to some other business news now: fashion watchers may be interested to know that Versace has a new boss - the former head of Alexander McQueen, Jonathan Akeroyd. 

    He will take over from Gian Giacomo Ferraris, who has led the Italian company since 2009 and is credited with relaunching the group after it averted bankruptcy in 2004.   

    Exane BNP Paribas analyst Luca Solca said he was surprised by the move: "I was expecting Ferraris to take Versace to the stock market, after reviving it successfully in the past few years." 

    US private equity firm Blackstone, which bought a 20% stake in 2014 to help to fund expansion abroad, is thought to be planning an IPO.

    McQueen is owned by French conglomerate Kering and Mr Akeroyd had been running the label since 2004.

  7. It's finally over...

    Well, that's it after four hours the BHS committee has finished its grilling.

    You can get more analysis of the events here.

  8. Team negotiating BHS sale 'doing a good job'

    Lord Grabiner is asked again about a board meeting on 10 March 2015 when BHS's sale was approved. However, he wan't present and didn't receive any papers. 

    He's asked if Sir Philip Green was operating entirely without  his knowledge.

    He repeats that a sub-committee was set up by the board to conduct the sale negotiations and that it was doing a good job. 

  9. Witnesses asked when they last visited BHS stores

    Lord Grabiner

    Lord Grabiner, chairman of Taveta Investments, tells MPs he has "not visited a BHS store".

  10. Retail Acquisitions a 'credible buyer'

    Chris Harris

    Chris Harris, Arcadia's property director, tells MPs there was a package of measures that got the Arcadia board "comfortable" that Retail Acquisitions was a "credible buyer".

  11. Arcadia knew about one bankruptcy

    Paul Budge, finance director Arcadia
    Image caption: Arcadia finance director Paul Budge

    Arcadia knew about one of Dominic Chappell's bankruptcies in the early stages of talks about BHS  - though it was not aware about the other one, says Arcadia finance directror Paul Budge

    That's why Arcadia talked to Goldman Sachs in 2014, he adds. 

    Arcadia took on board Goldman Sachs' observations about Mr Chappell's lack of retail experience. 

  12. MPs move on to new witnesses

    Lord Grabiner has done a "lot of the heavy lifting for the team", MPs on committee tell him.

    He says he was beginning to wonder why the rest were there. 

    The questioning moves on to other witnesses.

  13. BreakingFracking approved in North Yorkshire

    We turn away from BHS for a moment to bring you some breaking news from business correspondent John Moylan:

    View more on twitter
  14. Evidence continues at the BHS committee

    More from Lord Grabiner. 

    He tells the committee  he believes that Arcardia believed the business plan put forward by Retail Acquisitions was "plausible" and "credible".

    Nothing Lord Grabiner has seen suggests that Arcadia directors failed to discharge their duties, he adds.