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.

Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. FTSE 100 falls 0.6%
  3. JP Morgan and Citigroup profits jump
  4. Housing market stagnates, surveyors say
  5. Sainsbury's pushes on with Argos rollout
  6. Strike threat over Royal Mail pensions

Live Reporting

By Dearbail Jordan

All times stated are UK

Get involved

  1. Good night

    Test card F

    Thank you for joining Business Live.

    We hope you enjoy your Easter break and we will be back bright and early at 6.00am on Tuesday 18 April with all the breaking news and analysis.

  2. US markets end lower

    US trader

    Wall Street fell for a third straight day as bank stocks dragged and investors continued to mull geopolitical tensions.

    The Dow Jones index lost 0.67%, the S&P 500 shed 0.68%, and the Nasdaq fell 0.53%.

    Wells Fargo shares fell 3.3% after the bank reported a drop in mortgage banking revenue.

    And despite a healthy earnings reports, Citigroup saw its shares slip 0.8% and JPMorgan lost 1.17%.

  3. Silvio sells out

    Gianluigi Donnarumma goalkeeper of Milan
    Image caption: AC Milan goalkeeper Gianluigi Donnarumma

    We just cannot get enough of Silvio Berlusconi here at Business Live today... The Italian tycoon turned politican has finally sold AC Milan to a Chinese-led consortium for 740m euros (£628m) after owing the club for more than three decades. since . 

    "I will always be AC Milan's number one fan and I wish the club's new owners all the best for the future," Mr Berlusconi said. "If Milan are to be competitive, resources are needed. One family can't do it all by itself."

    The sale has been dogged by months of delays as the consortium struggled to meet deadlines for scheduled down payments. 

  4. Tesla will unveil electric lorry in September

    Elon Musk, Tesla boss

    Tesla will unveil an electric articulated lorry in September, chief executive Elon Musk has said.

    Additionally, he said an electric pick-up truck would be shown off in around 18-24 months.

    Last year Mr Musk expressed the firm’s desire to branch out beyond cars.

    However, analysts are concerned the company will not meet demand for its current projects.

    Read more. 

  5. US rig count rises to a two-year high

    US oil rigs

    The number of active rigs in the US has risen to the highest level for two years.

    Energy services company Baker Hughes said drillers added 11 oil rigs in the week to 13 April, bringing the total count up to 683.   

    Opec and some non-Opec nations have agreed to cut output to stem oversupply. 

    Tony Headrick, energy market analyst at CHS Hedging, says OPEC will be watching the rig count."Ultimately OPEC is viewing it as a point of discussion in terms of whether or not they look to extend cuts," he said.  

    Opec will meet on 25 May to consider extending the cuts beyond June.   

  6. AB Inbev hopes to lure African drinkers off home brew

    Men in Burkina Faso drink a local beer called 'Dolo'
    Image caption: Men in Burkina Faso drink a local beer called 'Dolo'

    Anheuser Busch InBev is planning on weaning African beer drinkers off their home brew to boost its revenue in the region.

    AB Inbev grew its African business when it paid £79bn to take over SABMiller last year

    AB InBev's Africa zone president Ricardo Tadeu tells Reuters: "In many [African] countries people drink between 9 to 11 litres [of commercially produced beer] per person a year, so there's lots of room for growth."

    He add: "We need to develop our mainstream beer, make it affordable enough to tap into the informal beer market, not only informal beer but informal alcohol in general that you have in those markets."

  7. BreakingTesla to launch an electric lorry

    Tesla chairman, chief executive and product architect, Elon Musk, has announced that the electric car-maker will unveil a semi truck - known in the UK as an articulated lorry - in September.

    View more on twitter
  8. Woman power

    Daisy Ridley
    Image caption: Daisy Ridley plays Rey in Star Wars: The Force Awakens

    Star Wars is beefing up its representation of women through a new series of animated short movies featuring the sci-fi saga's heroines including Princess Leia, Rey and Jyn Erso. 

    Walt Disney and Lucasfilm said that Wars Forces of Destiny will focus on the "untold stories of everyday heroism that shape the destinies" of the franchise's main female characters.

    The two to three-minute shorts will be launched on YouTube in July and followed by more shorts on the Disney Channel later this year. 

    A range of new action figures and dolls, as well as other merchandise, will also be released. 

  9. Keep calm and carry on

    US President Donald Trump said on Wednesday, in an interview with The Wall Street Journal, that the dollar "is getting too strong".

    This what happened to the dollar against the safe haven yen and Swiss franc:

    Dollar v yen
    Dollar swiss franc

    Even though the dollar is volatile today, and the geopolitical landscape is not exactly calm, investors shouldn't worry too much, according to Nathan Thooft, senior portfolio manager at Manulife Asset Management.

    "Despite the rhetoric that comes out of any political event, if you have good economic data and decent earnings, (the market will) overcome the day-to-day dynamics of macro policy and political risk," he says. 

  10. When 'go to' becomes 'no go'

    Being the person your boss relies on can be great.

    It can also be a living nightmare.

    Here, the World Economic Forum, explains how to get your life back without losing your dignity (or your temper).

    View more on twitter
  11. London blue chips strike dour note

    Banks

    The UK stock markets are now closed for the Easter break and the FTSE 100 has finished on a down note.

    The index of blue chip stocks finished 21.40 points lower at 7,327.59.

    Banks including Standard Chartered and HSBC were among the biggest fallers at the end of a week that saw Jes Staley, chief executive of Barclays, put under investigation for attempting to identify a whistleblower.  

    Jonathan Roy, advisory investment manager at Charles Hanover Investments, said: "The only thing I can attribute it to is a bit of pessimism coming back into the industry that all is not OK at the top of these banks, and there's still a bit of rot there."

    He added: "Couple that with a market that is already high, and there's very few catalysts to take these stocks higher."

    The FTSE 250 ended 101.39 points ahead at 19,525.33.

  12. United shares static despite lawsuit threat

    United

    This talk of a lawsuit against United Airlines is doing very little to its parent company's share price.

    Shares in United Continental Holdings are up 0.14% at $70.03.

  13. 'Concussed' Dr Dao has no memory of returning to plane

    Video content

    Video caption: Dr Dao is dragged off a United Airlines flight

    Dr Dao's lawyer Thomas Demetrio says that he had "zippo memory" of going back onto the airplane after he was dragged off the United Airlines flight.

    In a press conference taking place now, Mr Demetrio said Dr Dao was concussed when he re-entered United Express Flight 3411.

    It has also emerged that Dr Dao's suffered a broken nose and lost two front teeth.

    In an internal email to staff, before he made a second apology to Dr Dao, United Airlines chief executive Oscar Munoz, said: "Chicago Aviation Security Officers were unable to gain his co-operation and physically removed him from the flight as he continued to resist - running back onto the aircraft in defiance of both our crew and security officials."

  14. 'Airlines bully us', says United victim's lawyer

    United Airlines protest

    A lawyer for Dr Dao, the passenger who was violently removed from a United Airlines flight, is speaking on behalf of his client today

    Chicago lawyer Thomas Demetrio said: "For a long time airlines, United in particular, have bullied us. 

    "Will there be a lawsuit? Yeah, probably."  

    Mr Demetrio also said: "If you're going to eject a passenger, under no circumstances can it be done with unreasonable force or violence, that's the law.

    "If unreasonable force and violence is used under a set of circumstances, the common carrier - United Airlines in this case - are responsible." 

  15. Tesco sorry for Good Friday advert

    Supermarket chain Tesco has pledged not to republish an advert which read: "Great offers on beer and cider. Good Friday just got better."

    Tesco said: "We know that Easter is an important time of the year for our customers. It is never our intention to offend and we are sorry if any has been caused by this advert. We will not publish it again.”

    View more on twitter
  16. Have the lambs stopped screaming, Silvio?

    Chris Johnston

    Business reporter

    Silvio Berlusconi

    A benevolent Silvio Berlusconi saved five lambs from Easter Sunday feasts this week by adopting them.

    But the former prime minister's mercy mission - a la Clarice in Silence of the Lambs - only served to upset an already struggling Italian meat industry.

    View more on twitter