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. Apple iPhone sales disappoint
  3. Sterling back at $1.29
  4. BP returns to profit in first quarter
  5. Alitalia enters administration

Live Reporting

By Dearbail Jordan

All times stated are UK

Get involved

  1. Good night

    Test Card F

    On that rather thrilling note, it is now time to wind down Business Live.

    Thank you for joining us on Tuesday and please log on again tomorrow from 6.00am sharp for all the latest business and economic news and analysis.

  2. Results take a bite out of Apple's shares

    Expect a choppy day for Apple on Wednesday on the stock markets. 

    Shares are down 2.1% lower at $144 in after-hours trading. Apple has been on an upwards trajectory for some time - has it now hit a speed bump?

    Apple's share price
  3. Apple's China sales slide

    Apple in China

    The biggest fall in sales was in China.

    Second quarter figures reveal that revenue in Greater China fell to $10.7bn from $12.4bn last year.

    Apple's share price fell by 2% in post-market trade.

  4. Apple sells fewer iPhones

    iPhones

    Closer analysis of Apple's second quarter figures show that the company sold fewer iPhones than it did in the same period in 2016.

    It shifted 51.1m units between January and March last year compared to 50.7m in the most recent quarter.

    However, iPhone revenue in the second quarter of 2017 was higher at $33.2bn on last year's $32.8bn.

    Total net income from Apple's businesses rose to $11bn compared to $10.5bn.

  5. Cook praises Apple's strong quarter

    Tim Cook

    Apple's chief executive Tim Cook said: "We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus.” 

    He also said that the company had reported its highest-ever quarterly revenue from its services business - a unit that the company is keen to grow to balance its reliance on products such as the iPhone.

  6. BreakingApple sells less than expected iPhones

    Apple sold 50.8m iPhones in the second quarter - against estimates of 51.4m.

  7. BreakingApple sales miss forecasts

    Apple

    Apple second quarter sales rose to $52.9bn, ahead of the $50.5bn it reported in the same quarter last year, but was below estimates of $53bn.

  8. Sales in Cadbury-owner Mondelez dip

    Mondelez

    Sales at Mondelez, the US business that bought Britain's Cadbury, fell 0.6% in the first quarter.

    Revenue fell to $6.4bn in the first three months of the year. Operating profit also edged lower, down 0.4% at $2.5bn.

    The company blamed "currency headwinds" and Irene Rosenfeld, chairman and chief executive of Mondelez said: "We had a solid start to the year despite challenging market conditions."

  9. US stock markets close up

    The Dow Jones Industrial Average ended Tuesday trading up 36.43 points at 20,949.89.

    The S&P 500 closed up 2.84 points at 2,391.17.

    The Nasdaq finished 3.77 points ahead at 2,391.17.

  10. Saudis to float close to 5% of Aramco

    Deputy Crown Prince Mohammed bin Salman

    The Saudi government expects to float around 5% of the state-owned oil giant Aramco in 2018.

    Deputy Crown Prince Mohammed bin Salman said the stake offered "will be not be very far off 5%".

    He said: "We have two main factors to decide the percentage to be listed...First the demand, whether there will be demand or not. Second, what do we have in terms of investments in the pipeline inside Saudi or outside."

  11. Dr Doom: world's biggest risk is Trump

    Donald Trump

    The man who predicted the 2008 financial crisis says the biggest risk facing the world today is US President Donald Trump.

    Nouriel Roubini, a professor of economics who is otherwise known as Dr Doom, told CNN Money that "the biggest elephant in the room is the United States".

    He said that "biggest uncertainty in the world and biggest tail risk comes from the economic, foreign and security policies of the Trump administration."

    Professor Roubini said that because the US is the world's largest economy, the knock-on effect of a "severe policy mistake" can be huge.

  12. Apple: a question of cash

    Investors in Apple will also look at whether the company's enormous cash pile has grown even more.

    The most recent data put it at $246bn - the vast majority of which is parked overseas because Apple would have to pay taxes of 35% to bring it back into the US.

    However, the Trump administration set out its tax plan last week which proposed a one-time repatriation levy. The White House did not say what the tax rate would be.

  13. Apple shares hit high ahead of results

    Apple iPhones

    Shares in Apple are trading at an all time high of $147.28 on Tuesday ahead of the technology giant's second quarter and first half results.

    Apple expects to report revenue of between $51.5bn and $53.5bn. It would be an improvement on the second quarter of 2016 when sales fell to $50.6bn.

    Investors are looking for the company to shift more smartphones even with the new iPhone 8 on the horizon.

    Business Live will report Apple's figures at 9.30pm.

  14. US airlines told to 'get their stuff together'

    Oscar Munoz

    Following his appearance in front of US House Transportation Committee, United Airlines boss Oscar Munoz was asked if he expects changes to regulation for the airlines industry.

    He told CNBC: "I don't know. The sense in the room was one of an admonition - to get your collective stuff together, you, the industry and you can avoid us, which I think is fair.

    "If we don't do what we said then we should be able to stand up to whatever they might offer for us."

    The hearing, which was also attended by Southwest Airlines and Alaska Airlines, was called after an elderly passenger was dragged off a United Airlines flight.

  15. SFO charges UK freight group with conspiracy

    The Serious Fraud Office (SFO) has charged logistics and freight business FH Bertling and four individuals with one count of conspiracy to give or accept corrupt payments.

    The SFO claims that FH Bertling, Robert McNally, Georgina Ayres, Giuseppe Morreale and Stephen Emler conspired together and with others to give or accept corrupt payments for assisting the business to win or retain contracts for the supply of freight forwarding services relating to a North Sea oil exploration project known as Jasmine.  

    In addition, Christopher Lane has been charged with a separate count of conspiracy to give or accept corrupt payments.

  16. George's first day on the job

    Here's George Osborne, the new editor of the London Evening Standard, with a front page story about his old boss.

    View more on twitter
  17. Le Pen promises 'francs not euros'

    Francs and euros

    Marine Le Pen says French people will have "francs in their pockets instead of euros" within two years if she is elected as France's president.

    Ms Le Pen, who faces centrist Emmanuel Macron in the final round of voting on Sunday, told Reuters on Tuesday that if she is victorious she will begin negotiations over EU reform immediately and, after six to eight months of talks, would hold a referendum. 

    She said she is convinced there would not be a run on the banks during EU talks but does not rule out putting capital controls in place.

  18. Italy appoints experts to run Alitalia

    Alitalia

    Italy's Industry Minister Carlo Calenda has appointed three commissioners to run Alitalia after the airline asked to be placed under special administration.

    They are: Luigi Gubitosi, chief executive of state-owned broadcasting group Rai; Enrico Laghi, an accountancy and finance professor who sits on a number of company boards; and professor and airports expert Stefano Paleari.