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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. FTSE 100 closes 0.3% higher at 7,446.8 points
  3. Holland & Barrett sold to Russian billionaire
  4. Co-Op Bank no longer for sale
  5. Airbag maker Takata files for bankruptcy

Live Reporting

By Karen Hoggan

All times stated are UK

Get involved

  1. Good night

    That's all from Business Live for today - we are back at 06:00 on Tuesday, so do join us then and thanks for reading.

  2. New conductor for Amtrak

    Amtrak train

    The former chief executive of Delta Air Lines is swapping planes for trains.

    Richard Anderson, who spearheaded Delta's growth into the world's largest airline by market value when he retired in May last year, becomes co-chief executive of Amtrak next month before alongside Wick Moorman.

    When he leaves at the end of the year, Mr Anderson will take on the tough task of keeping Amtrak on the right track on his own.

  3. Wall Street ends higher

    NYSE

    The S&P 500 and the Dow closed slightly higher, but a fall in technology stocks nudged the Nasdaq lower as investors turned to more defensive sectors.

    The Dow Jones Industrial Average rose about 15 points to 21,409.8, the S&P 500 gained 0.76 points to 2,439.06 and the Nasdaq Composite dropped 18.1 points to 6,247.1.

  4. 'Sell now, ask questions later'

    Grenfell tower

    Shares in Arconic - the company that made the cladding used on the Grenfell tower - are still down almost 6% in New York.

    While the extent of Arconic's responsibility was not immediately clear, investors are taking a "sell now and ask questions later" approach, said Tim Ghriskey, chief investment officer at Solaris Asset Management in New York.

    The firm has said it will continue to support UK authorities as they investigate the deadly 14 June fire in the apartment building.

    The stock had earlier fallen as much as 11%.

  5. No European vacation for GM

    GM logo

    General Motors has added $1bn to the bill for selling its European operations to Peugeot. The total is now $5.5bn (£4.3bn) due to additional costs associated with the deal, chief financial officer Chuck Stevens said.

    The car maker expects new vehicle sales to hit a seasonally adjusted annual rate of "low 17 million" units this year, he told analysts on Monday.

  6. Separate lanes proposed for self-driving cars

    Video content

    Video caption: Hyperlane: A special lane for self-driving vehicles

    A US company is proposing special lanes on roads purely for self-driving vehicles.

    The Hyperlanes would be controlled by a central computer allowing self-driving cars to travel along at speeds over 100mph (160kph).

    BBC Click spoke to Baiyu Chen, a co-founder of Hyperlane to find out more about how the system would work.

    See more at Click's website and @BBCClick.

  7. Tesco launches 60 minute delivery service

    Tesco trolley handles

    Tesco is to launch a one-hour grocery delivery service in certain postcode districts in central London

    Using the Tesco Now app, customers will be able to up to 20 items from a range of 1,000 products, including fruit and vegetables, meat, bakery goods and dairy.

    Orders will be picked in a local store and delivered to customers via moped within the hour.

    Tesco Now costs £7.99.

  8. Hertz shares race ahead

    Logo on Hertz office

    Shares in car hire company Hertz have soared by more than 16% amid reports it's working with Apple to manage a small autonomous vehicle fleet.

    The news follows on from the earlier announcement that Avis Budget has done a deal with Google-owner Alphabet's Waymo to manage its fleet of self-driving cars (see earlier post).

  9. Wall Street update

    Wall street sign with US flags behind

    Let's get a quick update on what's happening to shares in the US, now.

    The Dow Jones is at 21,436.33, that's a rise of 42 points or 0.19%.

    The S&P 500 is up 3 points or 0.12% at 2,441.21.

    And the tech-heavy Nasdaq has lost earlier gains and is down 11 points or 0.18% at 6,253.94.

  10. UK safety standards 'cut to bone'

    BBC Radio 5 live

    Emergency services worker in charred Grenfell Tower

    The UK's trading standards services have been "cut to the bone", making it tougher to ensure that household products are safe.

    A director of the Chartered Trading Standards Institute said that local authorities are forced to make a "wicked" choice between what services they provide because of austerity.

    Adam Scorer was speaking after it emerged that the Grenfell Tower fire started in a Hotpoint fridge-freezer.

    He told 5 Live's Wake Up to Money that while councils were responsible for trading standards, there was no central system to relay information about products to the public.

    "Consumers should be confident that most products are safe, but we do know that the regime is as strong as its weakest link," Mr Scorer said. Read more here

  11. Employers' organisation welcomes 'first step'

    The employers' organisation, the CBI, is more favourable in its response to Theresa May's plans for EU citizens.

    Quote Message: Business will welcome these proposals as an important first step. Protecting the rights of EU citizens here and UK citizens abroad is the right priority at the outset of the negotiations, and firms will look forward to an early resolution of this issue. Both sides need to provide reassurance for millions of employees, giving certainty for businesses and starting to build real momentum to the negotiations. Companies will also expect a low-cost, speedy and simple solution to be put in place for EU citizens to establish their right to settlement in the UK. from Josh Hardie CBI deputy director-general
    Josh HardieCBI deputy director-general
  12. The right tune?

    Guns n Roses
    Image caption: Merck Mercuriadis has managed acts including Guns n Roses

    A music royalties fund spearheaded by the former manager of Sir Elton John and Beyonce has laid the groundwork for a £200m flotation.

    Hipgnosis Songs Fund is planning an initial public offering (IPO) next month to buy up the copyrights to songs and artists so investors can make money from the royalty payments.

    Founder Merck Mercuriadis wants to capitalise on the rise of music streaming services following a career managing a raft of superstar performers, from Guns N' Roses and Morrissey to Iron Maiden.

    In the prospectus, the firm said: "Songs constantly trigger royalty income payments and produce an attractive level of income which can persist for decades and is protected by copyright law."

    The fund aims to pay out a 6.5% dividend yield and will float on the London Stock Exchange, with the issuing of 200 million shares at 100p apiece.

  13. TUC highlights concerns over PM's Brexit strategy

    More reaction to the government's white paper on the rights of EU citizens living in the UK post-Brexit now - this time from the TUC. It highlights the aspects of the plan it's worried about including:

    The cut-off date by which EU citizens would need to arrive to gain settled status may be a date in the past - 29 March 2017 - which the TUC says throws into doubt the "status and rights of EU citizens that have arrived since this date and those that will arrive in the future. Bad employers may use this insecurity to exploit workers," it added.

    It's also worried that income records may be used as a source of evidence to prove continuous residency in the UK. "This could discriminate against workers whose employers do not provide payslips, or only pay cash in hand," it says.

    Frances O'Grady
    Quote Message: The Prime Minister is using people as bargaining chips. It’s a shameful way to treat people who are making a valuable contribution to Britain, not least in the NHS. And it will worry Britons living in EU countries that it will provoke a bad deal for their future rights. from Frances O'Grady TUC general secretary
    Frances O'GradyTUC general secretary
  14. Football club Fiorentina could be sold

    The owners of Italian Florence football club ACF Fiorentina are prepared to sell the soccer club, according to a statement on the club's website.

    "The owners... are absolutely ready, in light of the dissatisfaction of supporters, to step aside and hand the club to whoever wants to buy it and manage as they see fit," the statement said.

    In the meantime the club would be "managed with attention and competence by its managers", it added.

    Last season Fiorentina came in eighth position in Italy's top Serie A League.

    The club is owned by the Della Valle family, which includes entrepreneur Diego Della Valle, who controls luxury group Tod's.

  15. Retail reacts to EU citizens plan

    Theresa May has said she wants EU citizens living in the UK to stay after Brexit as she announced plans designed to put their "anxiety to rest".

    All EU nationals living in the UK lawfully for at least five years will be granted "settled status" and be able to bring over spouses and children.

    Those who come after an as-yet-agreed cut-off point will be given two years to "regularise their status".

    Man seen from rear wrapped in EU flag
    Quote Message: The UK retail industry employs approximately 120,000 EU nationals who make a huge contribution in every type of role from the boardroom to distribution centres and customer service and they deserve this early reassurance that they will still be welcome here, whatever Brexit may bring. Avoiding a cliff edge for retailers and their workforces is critical to our members, so the Government must now agree and communicate a cut-off date. It will be imperative that the new application system for settled status is as simple and accessible as possible. from Helen Dickinson Chief executive, British Retail Consortium
    Helen DickinsonChief executive, British Retail Consortium