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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Heatwave helps lift sales at Sainsbury's
  3. UK construction activity slowed in June
  4. Bank of England outlines risks of cheap loans
  5. Worldpay shares jump on bid approach

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good evening

    Test Card F

    That's it for Business Live as the US stock markets are closed for Independence Day.

    Please join us again at 6.00am on Wednesday morning for all the breaking business and economics news.

    Until then, have a great evening.

  2. FTSE indexes finish lower

    The FTSE 100 has closed down 6.41 points at 7,370.68.

    Shares in Worldpay finished 28.1% higher at 409.60p following takeover approaches for the payment processing company.

    The FTSE 250 ended slow down 18.96 points at 19,301.47.

    The pound is down 0.17% against the dollar at $1.2918.

    Sterling is up 0.02% against the euro at 1.13860 euro.

  3. Blog: minimum wage should be extended to gig workers

    Kamal Ahmed

    Economics editor

    Deliveroo rider

    The former chairman of the Low Pay Commission has said that the minimum wage should be extended to gig economy workers.

    Lord Adair Turner argued that the proliferation of "low-wage jobs" needed to be tackled and that some companies were categorising workers as "self-employed" to avoid low-pay protections.

    Read BBC economics editor Kamal Ahmed's blog here.

  4. Currys PC World makes safety push

    dishwasher

    Currys PC World announced this week it's emailing millions of customers urging them to register their electrical products.

    Jason Roberts, from Dixons Carphone, the parent company of Currys PC World, said:

    "For us it's about ensuring that manufacturers, if needed, have got your latest information... so that if they do at any point - and it's very rare, I should stress, that it's ever needed - if they do need to get in touch regarding a safety related issue, they've got your details."

    He says that "in the vast majority of cases" your information will not be used for marketing purposes.

  5. Prepare for a high-stakes Barclays battle

    Simon Jack

    BBC Business Editor

    Barclays' former chief executive John Varley leaves Westminster Magistrates Court
    Image caption: Barclays' former chief executive John Varley leaves Westminster Magistrates Court

    The four defendants made their way through a thick press pack to take their seats - in the dock - at Westminster Magistrates court yesterday. It was a sight many thought they would never see.

    Senior bank executives inside a criminal court to face charges for their conduct during the great financial crisis.

    Read BBC business editor Simon Jack's blog here.

  6. BreakingEC raids Irish motor insurance companies

    The European Commission has just announced that its officials "carried out unannounced inspections at the premises of companies active in motor insurance in the Republic of Ireland" on 4 July.

    It said: "The commission has concerns that the companies involved may have engaged in anti-competitive practices in breach of EU antitrust rules that prohibit cartels and restrictive business practices and/or abuse of a dominant market position."

  7. Statement socks - the new black?

    Canadian Prime Minister Justin Trudeau is well-known for his statement socks. But has he met his match in Ireland's new Taoiseach Leo Varadkar?

    View more on twitter
  8. Mike Ashley to appear in court in 'drink banter' case

    Mike Ashley

    If the court case between Sports Direct founder and Newcastle United FC-owner Mike Ashley and investment banker Jeffrey Blue has piqued your interest then be sure to log on here tomorrow because the billionaire businessman will be giving evidence in the high court.

    Here's what has happened so far...

  9. Watch: The baby carrier made from F1 technology

    Video content

    Video caption: The BBC's Theo Leggett reports on the "Babypod" which can transport critically ill new-born infants safely
  10. EC approves Monte dei Paschi funding

    Monte Dei Paschi

    Good news for the world's oldest bank. The European Commission has authorised the 5.4bn euros recapitalisation of Italy's Monte dei Paschi di Siena.

    As part of a restructure, Monte dei Paschi will hive off 26.1bn euros worth of bad loans into a separate vehicle.

    It will change its business model to focus on retail customers as well as small and medium-sized businesses.

  11. FTSE 100 reverses fall

    Just a gentle reminder that the US stock markets are closed today for the 4 July national holiday.

    In London, the FTSE 100 has reversed earlier declines and is now trading up 4.54 points at 7,381.63.

    No prizes for guessing who the biggest riser is on Tuesday. It is still the payment processing group Worldpay whose shares are up 29.2% at 412.80p following takeover approaches by Vantiv and JPMorgan.

    Worldpay shares

    On the list of the biggest fallers, subprime lender Provident Financial and aerospace giant BAE Systems are vying for first place. Provident Financial is down 1.39% at £23.35 and BAE is 1.4 lower at 622.50p.

    The FTSE 250 is down 14.90 points at 19,305.53.

    The pound is off 0.14% against the dollar at $1.2923.

    But sterling is up 0.06% against the euro at 1.1391 euros.

  12. 'I'm a creep. I'm sorry'

    Dave McClure

    The founder of Silicon Valley-based venture capitalist firm 500 Startups has resigned following sexual harassment claims by several women.

    Dave McClure announced his resignation in a blog entitled: "I'm a creep. I'm sorry."

    Entrepreneur Sarah Kunst had claimed in the New York Times that Mr McClure sent inappropriate messages after discussing a potential job offer with her.

    Read the whole tale here.

  13. Kremlin confirms Putin to meet Trump

    Donald Trump

    US President Donald Trump will meeting with his Russian counterpart Vladimir Putin on Friday at the G20 summit in Hamburg according to a spokesman for the Kremlin.

    The Russian representative said it will be a "fully-fledged" meeting, rather than an informal chat on the sidelines.

    It is not yet clear what the two will discuss.

  14. Ashley banker accused of 'making up evidence'

    Mike Ashley is the founder of Sports Direct and owns Newcastle United FC
    Image caption: Mike Ashley is the founder of Sports Direct and owns Newcastle United FC

    An investment banker who is suing Sport Direct founder Mike Ashley has been accused of "making up evidence".

    The fight relates to a claim by Jeffrey Blue that billionaire Mr Ashley, who also owns Newcastle United Football Club, promised to pay him £15m if the banker could increase Sports Direct's share price from £4 to £8m.

    Mr Blue says that Mr Ashley paid only £1m.

    On Monday, the High Court heard how Mr Ashley drank 12 pints with vodka chasers during a business meeting in a pub where he vomited in a fireplace.

  15. Tanzania lawmakers back controversial mining laws

    Sammy Awami

    BBC Africa, Dar es Salaam

    Ore

    Tanzania's parliament has passed two controversial laws to bring about far-reaching reforms in the mining sector.

    One law explicitly states that the Tanzanian people will have permanent sovereignty over all natural wealth and resources, and ownership and control will be exercised by the government on behalf of the people.

    This means private companies would mine on behalf of the nation - whereas before the law stated that once firms signed a contract with the government, they owned the minerals.

    Another law empowers parliament to review all agreements made by the government regarding natural resources.

    The two pieces of legislation follow months of dispute between President John Magufuli's government and UK-listed mining firm Acacia over revenue sharing.

    Acacia is accused of under-reporting the gold and copper levels in its concentrate exports by more than 10 times and of underpaying the government tens of billions of dollars over the two decades it has been operating in the East African country.

    The company strongly denies any wrongdoing.

    Mining companies and lobby groups had urged the government to delay passing the two laws to allow for more consultation.

    The government, however, pushed ahead with gaining parliamentary approval for the legislation.

  16. Samsung plans £14.4bn South Korea chip investment

    Samsung is planning a 21.4 trillion won (£14.4bn, $18.63bn) splurge on memory chip plants in South Korea.

    Samsung and rivals including SK Hynix said they will invest tens of billions of dollars to boost NAND chip output, but analysts say burgeoning demand for smartphones and other computing devices mean shortages are likely to continue at least until the end of the year.

  17. Laptop ban binned?

    News agencies are reporting that the US could lift a ban on laptops and other large electronics devices on in-bound flights.

    BBC transport correspondent Richard Westcott tweets:

    View more on twitter

    News agency AFP is reporting that the ban on devices on flights from Istanbul could be lifted.