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.

Live Reporting

By Dearbail Jordan

All times stated are UK

Get involved

  1. Is this what caused BA chaos?

    BA planes

    It's been one of the big unanswered questions this week: what caused the IT crash that left tens of thousands of British Airways passengers stranded over the bank holiday weekend?

    The Times is reporting that a contractor doing maintenance work at a BA data centre inadvertently switched off the power supply.

    Quoting a BA source, the newspaper said the power supply unit that sparked the computer systems failure was working perfectly but was accidentally shut down by a worker.

    An investigation into the power outage is likely to focus on human error rather than any equipment failure, it said.

  2. FTSE 100 rises

    The FTSE 100 share index is 33.3 points, or 0.44%, higher in the first few minutes of trading at 7,576.53.

    The index has been close to record highs all week - hitting a new intraday peak on Wednesday - partly due to falls in the pound.

    On the currency markets, sterling is 0.2% lower against the dollar and euro at $1.2860 and 1.1465 euros respectively.

  3. Paris climate deal: more reaction

    President Trump's decision to withdraw from the Paris climate deal has dismayed the bosses of many of the US' biggest companies.

    You'd perhaps expect Silicon Valley executives to oppose the move. Facebook's Mark Zuckerberg said it would continue with plans to power new data centres with 100% renewable energy.

    Google's chief executive Sundar Pichai said he was disappointed, while Twitter's founder Jack Dorsey called the move "incredibly shortsighted".

    But there was also opposition from banks - including Goldman Sachs boss Lloyd Blankfein posting his first ever tweet - and from some energy firms too.

    View more on twitter
    View more on twitter
    View more on twitter
  4. Vodka revs?

    Woman's hand holding a glass of vodka

    A perusal of this morning's Stock Exchange announcements reveals that congratulations are due to Mike Foster who has been confirmed in the role of chief financial officer at Revolution Bars Group - whose bars might be better known to some readers by the name of Vodka Revs.

    The news sparked a flurry of speculation at Business Live towers.

    Is a Vodka Rev a bit like a Whisky Priest mused our talented sub-editor Rob, admitting he'd never actually been into one of the bars.

    Does that mean they're on the slippery slope to becoming a Crystal Methodist, he wondered gloomily.

  5. Snapchat specs arrive in UK

    Video-recording glasses from the company behind Snapchat have gone on sale in the UK.

    It's an attempt by the firm - whose shares have suffered a bit of glare since listing for $24bn in March - to show it's a camera company rather than just a social network.

    The BBC's Rory Cellan-Jones tries them out...

    Video content

    Video caption: Snapchat Spectacles arrive in UK
  6. Metro Bank buys £600m portfolio

    Metro Bank

    The UK's Metro Bank is expanding its loan business by acquiring a mortgage portfolio for £596.7m.

    Metro, which seeks to attract customers with free dog biscuits and penny-counting machines in its branches, became the first High Street bank to open in 100 years when it launched in 2010.

    Chief executive Craig Donaldson said the new portfolio, which is largely made up of buy-to-let mortgages, supports the bank's "high-growth" business model.

    Metro is on course to make its first annual profit this year and manages £9bn of deposits.

  7. What is the Paris climate deal?

    We've written a lot this morning about President Trump pulling out of the 2015 Paris accord on climate change.

    In case you need a refresher on what's in the deal, the BBC has handily put one together here.

    Nearly 200 countries agreed on the need to cut greenhouse gas emissions - although scientists pointed out the deal must be stepped up if it's to have any chance of curbing dangerous climate change.

    The flagship agreement was to keep global temperatures "well below" the level of 2C (3.6F) above pre-industrial times and "endeavour to limit" them even more, to 1.5C.

    Climate targets
  8. 'A close call' on Scottish recession

    Today Programme

    BBC Radio 4

    Scottish currency

    Stephen Boyle, chief economist at the Royal Bank of Scotland, was asked whether he thought Scotland really would slip into technical recession when the next figures are published.

    "It's going to be a pretty close call," he said.

    "The Purchasing Mangers Index surveys that we get every month for Scotland have put Scotland at the bottom of that league table for some time now, very, very close to recession.

    "The work that we ourselves do with the Fraser of Allender Institute on the Scottish Business Monitor is showing if anything extremely modest growth, so it's gong to be a pretty close call."

  9. 'No fairer deal'

    BBC Radio 5 live

    Donald Trump

    President Trump has said he's still prepared to negotiate a new, "fairer" climate deal or re-enter the Paris accord on improved terms.

    But a leading US climate change policy maker says that's not possible.

    "There is no fairer deal to be had," says Rachel Cleetus, lead economist at the Union of Concerned Scientists in Cambridge, Massachusetts.

    Countries signed the 2015 accord because it's in their best interest to cut emissions and because of the financial benefits from a low-carbon economy.

    "Market trends don't favour coal anymore," she tells Wake Up to Money, as natural gas is cheaper and renewable energy costs are falling.

  10. Oil price weighs on Scottish economy

    Today Programme

    BBC Radio 4

    Montrose oil platform

    The Today Programme business news has decamped to Glasgow today.

    Stephen Boyle, chief economist at Royal Bank of Scotland, is asked why the Scottish economy is doing worse than the rest of the UK and is only one set of data away from a technical recession.

    He said the fall in the price of oil and gas was a "big chunk" of the explanation.

    "About half of the UK's oil and gas supply chain is in Scotland and the industry's response to the collapse in the price has been a combination of a contraction in the volume of activity but also a squeeze on costs and margins. People have had to take pay cuts and margins have been squeezed," he said.

    Oil and gas production is not included in Scotland's GDP figures.

    However, "what is counted in the Scottish economic numbers is the oil and gas supply chain and that is one of the main reasons the Scottish economy has been lagging behind the rest of the UK," he added.

  11. Friends in unexpected places

    BBC North America correspondent James Cook points out President Trump's decision to withdraw from the Paris climate deal is creating some strange bed fellows.

    View more on twitter
  12. Tories defend corporation tax cut

    BBC Radio 5 live

    David Gauke

    The Conservatives have promised to cut corporation tax to 17% if elected next week - one of the lowest rates among industrialised economies - whereas Labour plans to raise it to 26%.

    But won't the cut benefit big businesses much more than small companies, the Tory minister David Gauke is asked on Wake Up to Money.

    No, he says. "A good business environment benefits big businesses and small businesses."

    He also points to research by the Institute for Fiscal Studies (IFS) that workers ultimately benefit from lower corporation taxes. "What happens is you increase investment, investment increases productivity, and productivity is ultimately what drives living standards, wages and salaries," he says.

  13. Paris climate deal: How have businesses reacted?

    Chief executives have been queuing up - or at least tweeting - to share their views on President Trump pulling the US out of the 2015 Paris climate agreement.

    Tesla chief executive Elon Musk and Walt Disney boss Robert Iger have quit their advisory positions in the White House as a result.

    Here's some of the reaction:

    View more on twitter
    View more on twitter
    View more on twitter
    View more on twitter
  14. Good morning

    Donald Trump

    President Donald Trump has thrilled the US coal industry by confirming he will withdraw from the Paris climate deal - but seemingly not many executives from other major US companies.

    Mr Trump said the Paris accord put the US at an economic disadvantage because other countries - especially China and India - wouldn't cut emissions as quickly.

    US stocks hit fresh highs after his announcement - although analysts said it was more to do with anticipation of strong jobs data which is due out today.

    On the UK markets, the FTSE 100 will be looking to finish the week at another record high and later this morning we'll have the latest UK construction data.