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Summary

  1. Discovery Communications to buy Scripps Networks
  2. Snapdeal ends talks over sale to Flipkart
  3. HSBC reports sold results; raises PPI provision
  4. UK regulators keen to end overdraft charges

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Test card f

    Thank you for joining Business Live.

    Tuesday promises to be very busy with a huge number of companies reporting results including BP, British Gas-owner Centrica and Rolls-Royce.

    We look forward to bringing you all the breaking news.

  2. What has immigration policy got to do with cats?

    If you haven't read BBC business correspondent Simon Jack's blog yet, here's your chance.

    View more on twitter
  3. Record high for Dow Jones

    Wall Street trader

    Wall Street has closed, with the Dow Jones managing to hit another record high.

    The Dow Jones rose 60.81 points, or 0.28%, to close at 21,891.12, the S&P 500 lost 1.78 points, or 0.07%, to 2,470.32 and the Nasdaq Composite dropped 26.55 points, or 0.42%, to 6,348.12.

  4. US imposes sanctions on Venezuelan leader

    The US government has branded Venezuela's President Nicolas Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly.

    Under the sanctions, US firms and individuals are banned from doing business with Mr Maduro.

  5. Mixed trading on Wall Street

    Not long until US markets close now. The Dow Jones is currently up 0.42% making it the only one of the main indexes trading higher.

    The S&P is flat, while the Nasdaq is down 0.3%.

    Tech stocks including Facebook and Google parent firm Alphabet are both down almost 2%.

    "The bull market is sort of broadening out and people are taking a few profits off the table on some these stocks that have done exceedingly well," said Randy Frederick, vice president of trading and derivatives for Charles Schwab.

  6. Watch: the end of keys?

    If you are always losing the keys to your office, home or hotel room, perhaps you'll like the idea of your phone or watch being able to, quite literally, open doors.

    Video content

    Video caption: Will keys become a thing of the past?
  7. Oil prices rise on possible Venezuela sanctions

    f President Nicolás Maduro

    Oil prices are unsettled on Monday.

    Brent crude is up 0.9% at $52.68 while West Texas Intermediate is also ahead 0.9% at $50.15.

    The US is considering putting in place sanctions against Venezuela's oil sector following the country's controversial election of President Nicolás Maduro (pictured).

  8. Scaramucci out as White House comms chief

    Anthony Scaramucci

    Former hedge fund manager Anthony Scaramucci has been removed as the White House communications director after 10 days in the job.

  9. Cartman the robot is victorious

    Cartman
    Image caption: Cartman in action

    Cartman - a budget-priced robot from Australia - has triumphed in an annual contest to create a machine that can identify, pick up and stow warehouse goods.

    The bot was designed from scratch to take part in 2017's Amazon Robotics Challenge and used a radically different design to past winners.

    Read the full story here.

  10. BNP Paribas real estate arm to buy Strutt & Parker

    BNP Paribas

    French investment bank BNP Paribas has announced that its real estate arm will acquire UK property service company Strutt & Parker.

    Strutt & Parker has 60 offices across Britain and works with corporate and private clients.

  11. Tesla shares fall on spectre of 'manufacturing hell'

    Tesla Model 3

    Shares in Tesla fell by 3.5%$ to $323.37 after its co-founder and chief executive Elon Musk warned that the electric car maker faces "manufacturing hell" as it increases production of its new mass-market Model 3 sedan.

    At the launch on Friday, Mr Musk said more than half a million reservation had been made for the Model 3.

    However, he also said "We're going to go through at least six months of manufacturing hell."

  12. Bitcoin rebels risk 'currency trading chaos'

    Bitcoin

    A split in the Bitcoin community is set to create a new incompatible version of the cryptocurrency on Tuesday.

    A group of insiders is unhappy with existing plans to speed up transaction times.

    They plan to offer existing investors a matching amount of a new virtual asset - called Bitcoin Cash - which could put pressure on the value of original bitcoins.

    One expert has warned there could be trading "chaos" over the coming days.

    Read the full story here.

  13. Snap shares fall lower

    Snap Inc

    So Snap Inc's share price is now down 2.61% at $13.45 - far below the Snapchat owner's $17 flotation price in March.

    From Monday and into August, a lock-in that stopped investors from selling stock has expired.

  14. Watch: Live your passion

    Sukhinder Singh is the chief executive of the Whisky Exchange, one of the UK's largest online retailers of fine wines and spirits.

    What is now his business began as his passion - he began collecting miniature bottles of whisky after helping out at his parents' off licence in Hanwell, west London.

    Video content

    Video caption: Whisky collector-turned CEO: Live your passion
  15. HBO confirms 'cyber incident'

    game of thrones

    A group of hackers claims to have stolen the script for a forthcoming Game of Thrones episode and other data in a breach at entertainment firm HBO.

    The group says it has 1.5 terabytes of the company's data and has posted episodes of Ballers and Room 104 online.

    It added that more material would be released "soon".

    HBO confirmed it had experienced a "cyber incident" in a statement.

    Read more here

  16. EU agencies deadline looms

    Canary Wharf

    Dublin's submission for the EBA comes ahead of the looming midnight deadline for EU countries to submit bids for a new home for two agencies that will be relocated from the UK after Brexit.

    The European Banking Authority (EBA) and European Medicines Agency (EMA), both based in Canary Wharf in London, will move after Brexit.

    About 20 countries are expected to enter the bidding process.

    The contest has pitched larger countries against smaller ones from across the EU.

    Each country can bid to host one or both agencies. But it can only make one bid per agency.

    The European Commission will assess the entries based on the quality of office space, job opportunities for spouses, good "European-oriented" schooling and transport links.

    Accessibility and efficient infrastructure are the top two agreed criteria.

  17. Dublin bids for European Banking Authority

    Ireland countryside

    The Irish Government has made a formal bid to host the European Banking Authority (EBA) when it relocates from the UK after Brexit.

    Frankfurt - location of the European Central Bank and a major financial centre - is seen as favourite to get the EBA.

    But the Irish government is marketing Dublin as a location, with a brochure that highlights the city's business culture as well as "beaches and mountains on its doorstep"

    Financial services and insurance minister Michael D'Arcy said his department's submission outlines how Dublin meets the criteria set out by the European Council and the European Commission, and highlights how a relocation to the Irish capital would be the least disruptive move for the EBA and its staff.

  18. The Bank of England responds to strike action

    A spokesperson for the Bank of England says: “The Bank has been informed that industrial action called by Unite will commence at midnight tonight for three days.

    "The Union balloted approximately 2% of the workforce. The Bank has plans in place so that all essential business will continue to operate as normal during this period.

    "The Bank has been in talks with Unite up to and including today and remains ready to continue those talks at any time.”