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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Lloyd's of London insurance will open an office in Brussels as a result of Brexit
  3. Palm oil or coconut oil could be used instead of animal fat in new bank notes
  4. US economic growth rate for the final months of 2016 revised higher
  5. Oscars organisers will continue using PricewaterhouseCoopers despite the best film mix-up.

Live Reporting

By Russell Hotten

All times stated are UK

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  1. Lulumelon shares plunge 21%

    Lulumelon free yoga class

    Shares in sportswear maker Lululemon Athletica have plunged 21% at the start of trading on Wall Street.

    Investors have been upset by the company's outlook for this year . For the first quarter it expects sales to fall, saying that it's range had not been selling well.

    "We've clearly identified the issues: an assortment lacking depth and color for spring," said Chief Executive Officer Laurent Potdevin.

    For last year the company reported a profit of $303m, up 14%.

  2. Former Met chief: Security should be separated from trade

    Oral questions

    House of Lords

    Parliament

    Lord Blair

    Crossbencher and former Met Police Commissioner Lord Blair of Broughton says in Brexit negotiations, security should be addressed "first and foremost and separately from trade, to ensure there is no moment when we fall off a security cliff". 

    Home Office Minister Baroness Williams describes the UK as "world leaders" in this area and says the government will place it at the "forefront" in negotiations. 

  3. Luxembourg claims right to host London-based banking body

    EU and Luxembourg flags

    Luxembourg has claimed the legal right to host the London-based European Banking Authority after Brexit, reports the AFP news agency.

    The London headquarters of the European Union's financial regulator, in the Canary Wharf district, has 170 staff. 

    Citing a European Union law dating back to 1965, Luxembourg Prime Minister Xavier Bettel made his case in a letter to EU Council President Donald Tusk and European Commission head Jean-Claude Juncker, AFP says.

    Dublin, Frankfurt, Paris and Vienna are also reportedly trying to woo the EBA away.

  4. Video: Lloyd's of London boss on Brussels base

    The chief executive of Lloyd's of London has said that only "tens of staff" will be moved from London to its planned hub in Brussels.

    Inga Beale told Sally Bundock that the vast majority of its business will remain in London after Brexit.  

    Video content

    Video caption: Lloyd's of London sees limited impact from Brussels move
  5. US economic growth revised upwards

    US construction

    The US economy grew at an annual rate of 2.1% in the October to December quarter, according to the final estimate from the Commerce Department .

    That was faster than the previous estimate of 1.9%.

    However, it is a sharp slowdown from the previous quarter, when then the economy expanded at an annual rate of 3.5%.

  6. Is the living wage a smart bet?

    The National Living Wage (NLW) will rise from  from £7.20 to £7.50 an hour on Saturday. Commenting on a report by the Low Pay Commission IFS director Paul Johnson tweets:

    View more on twitter
  7. A trip down memory lane

    The London School of Economics has published a handy archive on Britain's history of referendums and who said what ahead of the vote for the UK to leave the European Union.

    You can access all the material here .

  8. 'Business as usual' for the EU

    Jean-Claude Juncker

    Speaking at the congress in Malta, European Commission Jean-Claude Juncker was upbeat about a post-Brexit union. 

    And he had a few choice words for US President Donald Trump.

    He said: "Brexit isn't the end. A lot of people would like it that way - even people on another continent where the newly elected US President was happy that Brexit was taking place and has asked other countries to do the same.

    "If he goes on like that, I am going to promote the independence of Ohio and Austin, Texas, in the United States.

    He added: "It's business as usual in Europe. We must continue, we must forge ahead."

  9. EU sees 'something positive' Brexit

    
          Tim Barrow delivers Theresa May's Article 50 letter to Donald Tusk
    Image caption: Tim Barrow delivers Theresa May's Article 50 letter to Donald Tusk

    European Council President Donald Tusk believes there is "something positive" in Brexit.

    Speaking at a congress in Malta, Mr Tusk said: "Yesterday, right after receiving the letter from Prime Minister Theresa May invoking Article 50, I said that paradoxically there's also something positive in Brexit. Brexit has made us, the community of 27, more determined and more united than before.

    "I am fully confident of this ... and I can say that we will remain determined and united in the future, also during the difficult negotiations ahead."

  10. Europe's highest court will have no role in UK law

    David Davis

    Brexit Minister David Davis has announced that the European Court of Justice will have no future role in interpreting British laws after the country leaves the European Union.

    The Government has published its Great Repeal Bill which will convert EU regulations into UK law.

    He told the House of Commons: "The Great Repeal Bill will provide no future role for the European court in the interpretation of our laws and the bill will not oblige our courts to consider cases decided by the European Court of Justice after we have left."

  11. Markets subdued in afternoon trade

    The FTSE 100 continues to trade lower, down 14 points at 7,359.65.

    Fund manager Schroders leads the biggest fallers with its shares down 2.2% at £30.26. Plant hire specialist is the biggest gainer, up 2.9% at £16.86.

    In contrast, the FTSE 250 is up 9.93 points at 18,988.58.

    Germany's DAX index has added 1.48 points at 12,204.48 while in France, the CAC-40 fell 5.46 points at 5,063.58.

  12. Company faces backlash over high heels for babies

    This is not an April Fool's joke.

    Pee Wee Pumps

    A US company is facing criticism for making high heel shoes for babies.

    You read that right. High heel shoes for babies.

    Pee Wee Pumps calls the soft shoes "her first fashion statement" and offers a range of styles such as the "Wild Child" and "Diva".

    Some people aren't so keen on putting babies in shoes modeled on designs that adults wear.

    Read all about it here

  13. Banker fined for sharing client details over WhatsApp

    WhatsApp

    The Financial Conduct Authority (FCA) has fined a former investment banker more than £37,000 for sharing confidential client information over WhatsApp.

    Christopher Niehaus, previously a managing director in the investment bank division at Jefferies, was discovered to have sent confidential details via the messaging app to a friend who was also a client of the bank in order to "impress" him.

    The FCA said that Mr Niehaus also boasted that if a deal was successful "he may be able to pay off his mortgage".

    The financial watchdog found that Mr Niehaus failed to act with due skill, care and diligence and ordered him to pay £37,198.

  14. JP Morgan in talks to buy Dublin office - Bloomberg

    Capital Dock artists impression

    JP Morgan Chase is in talks to buy an office building in Dublin, that could house 1,000 workers, reports Bloomberg.

    The building, which is under development, is in Dublin's Capital Dock .

    “Other options are still very much on the table. We want to see how negotiations progress,” JPMorgan told Bloomberg. “No final decisions have been made.”  

  15. Government pressed on security after Brexit

    Oral questions

    House of Lords

    Parliament

    Police

    Lib Dem Lord Paddick asks whether the government plans to continue sharing sensitive personal information with EU states for the purposes of crime prevention after Brexit. 

    He asks: "Less than a week after four people were killed in Westminster, is the implied threat that the UK will withhold security co-operation insensitive, reckless or an empty threat?"

    Home Office Minister Baroness Williams of Trafford says our co-operation will be "undiminished". 

    She describes Theresa May's words on security as "not a threat at all but a matter of fact".

  16. Exit first, trade later

    Theresa May and Francois Hollande

    France's President Francois Hollande has told Prime Minister Theresa May that Brexit talks must first deal with Britain's breakaway from European Union before tackling how the UK and Europe will deal with each other. 

    In a statement from the Elysee Palace, detailing a phone conversation between Mr Holland and Mrs May, it said: "The President indicated that the talks must at first be about the terms of withdrawal, dealing especially with citizens' rights and obligations resulting from the commitments made by the United Kingdom.

    "On the basis of the progress made, we could open discussions on the framework of future relations between the United Kingdom and the European Union."

  17. Love for Morrisons from analysts

    Shares in Morrison Supermarkets are among the big winners on the FTSE 100 today .

    They are up almost 2%.

    Analysts at Bank of America raised their view of the shares to "buy", saying it has one of the strongest balance sheets in the sector and generates strong cash flow.

    They note that soon the cash on its balance sheet is expected to exceed all its debts and liabilities.