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Live Reporting

By Karen Hoggan

All times stated are UK

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  1. Good night

    That's all from Business Live for Thursday - thanks for reading. Do join us again on Friday from 06:00.

  2. Watch: Bag's-eye view of airport check-in

    Have you ever wondered what happens to your suitcase after you check-in at Stansted airport?

    Here's the journey one bag took after it disappeared down the conveyor belt.

    Video content

    Video caption: Bag's-eye view of airport check-in at Stansted
  3. New York ends lower


    Wall Street slipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers meeting in Jackson Hole, Wyoming.

    The Dow Jones Industrial Average fell 28.6 points, or 0.1%, to 21,783.4, the S&P 500 lost 5.1 points, or 0.2%, to 2,438.9 and the Nasdaq Composite dropped 7 points, or 0.1%, to 6,271.3 points.

  4. BreakingLibor charges

    The US Justice Department says two former Societe Generale executives have been indicted for their role in alleged Libor manipulation.

  5. Signet shares soar

    Signet Jewelers saw its shares jump by more than 20% at one point on Thursday after the company said sales in the three months to the end of July reached almost $1.4bn, rising 1.9% year-on-year.

    The company owns diamond brands like Kay's and shop chains including Gordon’s, JB Robinson Jewelers, Mappins and Marks & Morgan Jewelers.

    Separately on Thursday it said it was buying the parent company of online jeweler for $328m.

    With an hour to go in the trading day the shares are still more than 17% higher.

  6. SoftBank invests $4bn in WeWork

    Exetrior of WeWork office in Washington DC

    WeWork - the commercial office space start-up - is to receive $4.4bn in investment from Japan's SoftBank and the SoftBank Vision Fund.

    In return for a monthly membership fee the company provides shared worked space "co-working space" - and services for entrepreneurs and small firms. There are now 150,000 "members".

    WeWork plans to invest $1.4bn of the money in its expansion in China, Japan and Southeast Asia and Korea, while $3bn will be invested in the parent company.

    Adam Neumann, Co-Founder and CEO of WeWork said: "This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanise the way people work and live."

  7. Watch: Borough Market bans sale of plastic water bottles

    Borough Market will ban the sale of single use plastic water bottles and offer free water fountains.

    It's part of a drive by the south London market to reduce their carbon-footprint and become one of the greenest markets in the country.

    Refillable bottles, made from recycle

    Video content

    Video caption: Borough Market bans sale of plastic water bottles and offer free water fountains instead.
  8. Amazon swallows Whole Foods

    Whole Foods store

    Amazon plans to complete its $13.7bn takeover of Whole Foods on Monday after winning antitrust approval from US regulators yesterday.

    The companies said in a joint statement that Whole Foods will offer lower prices starting on Monday "on a selection of best-selling grocery staples across its stores".

    Amazon also said that it will start selling Whole Foods brand products on its website.

  9. Sparkling performance at Tiffany

    Tiffany sign in New York

    Shares in jeweller Tiffany & Co shares are trading 1.9% higher after the firm said quarterly sales had climbed 3% to $960m.

    Tiffany has received a boost from using pop star Lady Gaga to launch its Tiffany Hardware collection, which describes itself as "elegantly subversive" and includes items like the gold Wrap necklace which sells for $13,500 (£10,500).

    New York-based Tiffany said it was also helped by increased sales of wholesale diamonds and higher spending in Japan where it gets 15% of its revenue.

  10. Losing altitude

    Chris Johnston

    Business reporter, BBC News

    Easyjet fin

    Easyjet is today's winner of the wooden spoon on the FTSE 100 after its shares ended 4.4% lower at £12.14. A downgrade by analysts at Exane BNP Paribas to "underperform" deterred some investors today it appears.

    Although Easyjet has jumped almost 20% this year, the shares are still considerably lower than their value before the Brexit vote in June 2016.

    Chief executive Carolyn McCall is also deplaning after winning the top job at ITV, replacing Adam Crozier.

  11. Samsung working on smart speaker

    DJ Koh

    Samsung has confirmed it is developing its own voice-controlled "smart speaker" device for the home, as a rival to Amazon Echo and Google Home .

    DJ Koh, head of Samsung's mobile division, told CNBC News: "I am already working on it."

    The company already has a voice-controlled assistant called Bixby on some of its devices, which can send messages and set reminders.

    One analyst said Samsung would have to differentiate itself from competitors.

    Read the full story here

  12. Tooting is tops?

    BBC Radio 5 live

    Tooting Market exterior

    Tooting in South London has been listed as one of the top 10 "coolest neighbourhoods to visit right now" by Lonely Planet travel guides.

    It's the only borough in the UK to feature in the list.

    Travel writer Will Jones described Tootiing as a "captivating affair" with a high street which is "one of the best curry corridors’ in the country".

    Top of the rankings comes Borgo San Frediano in Florence, followed by Seongsu-dong in Seoul and The Triangle in Lisbon. Read the full list here

    Quote Message: I think what's really cool about Tooting is that it's quite diverse. It's still not over-saturated with your typical high street shops and you've got lots of small businesses. from Roi Mengelgreen Manager, Tooting Market
    Roi MengelgreenManager, Tooting Market
  13. Why did German supermarket remove foreign goods?

    BBC Newsbeat

    Empty shelves in supermarket

    A supermarket in Hamburg has removed all foreign products from its shelves to highlight racism.

    Food had instead been replaced with signs saying "this shelf is pretty boring without diversity".

    It's in response to migrant-related crime increasing in recent months along with general anti-immigrant feeling.

    Edeka, one of the largest supermarket chains in Germany, is now going to roll out the initiative to more stores. Read the full story here

  14. UK PR firm found in breach of code for South African campaign

    Members of South Africa's Democratic Alliance outside Bell Pottinger's London offices
    Image caption: Members of South Africa's Democratic Alliance, including communications spokesperson Phumzile Van Damme, outside Bell Pottinger's London offices this month

    A UK public relations firm has been found in breach of an industry code of conduct for a controversial social media campaign, South Africa's opposition party said.

    Bell Pottinger was accused by the Democratic Alliance of inflaming racial tensions with the campaign, with the aim of boosting President Jacob Zuma.

    The party said the UK Public Relations and Communications Association (PRCA) had upheld its complaint.

    Bell Pottinger declined to comment.

    The PRCA, which represents more than 20,000 members in the PR industry, can impose a range of sanctions. The most stringent is ending a firm's membership. Read the full story here

  15. Sterling flat

    Sterling was little changed on Thursday, having hit a near-two-month low against the dollar earlier in the day.

    It was little changed against the dollar at $1.2794, a fall of 0.05%.

    Meanwhile it was at 1.0842 euros, a rise of 0.01%.

    Quote Message: Sterling has been impacted by a general decline in risk appetite while structurally, business sentiment and investment plans have been hit by the ongoing political uncertainty, with the services sector being hit the hardest. said Peter Chatwell, from Peter Chatwell Head of euro rates strategy, Mizuho International
    Peter ChatwellHead of euro rates strategy, Mizuho International
  16. Avoid 'simplification' says Romanian president

    More on the French president's calls for changes to employment rules now ...

    At the news conference in Bucharest held jointly with President Macron Romanian President Klaus Ioannis said: "It is very important to avoid useless simplification."

    "On the one hand, there is discontent in France over undeclared workers, on the other hand there are many people in Eastern Europe, in Romania, who want to work in France, Germany, Spain. "It is clear the directive needs to be improved."

  17. Gains and losses on FTSE 100

    On the FTSE 100 the biggest riser, gaining 13.16%, was Provident Financial.

    On Tuesday the doorstep lender shed 66% after it issues its second profit warning in three months.

    The biggest fall was seen by easyJet, which closed 4.41% lower.

    It was hit by a downgrade to "underperform" from Exane BHP Paribas, as well as by news that Germany's Lufthansa had submitted a letter of interest for taking over parts of insolvent Air Berlin.

  18. Winners and lowers on FTSE 250

    Dixons Carphone closed 23.16% lower, although earlier in the day it was down by as much as 30%, following that profits warning (See earlier posts).

    The biggest gain on the FTSE 250 was seen by builder Carillion, which warned on profits last month, but was today named as the main contractor on a £300m property development in Manchester. Its shares closed 10.41% higher.

  19. Macron: Stop firms undercutting local labour

    BBC World Service

    Emmanuel Macron and Klaus Iohannis
    Image caption: Emmanuel Macron (L) met Klaus Iohannis (R) in Bucharest

    The French president, Emmanuel Macron, says the European Union risks breaking up unless it can stop firms from undercutting local labour in richer countries by recruiting temporary workers from low-wage ones, reports BBC World Service.

    Wealthy EU member states argue that the rule - called the Posted Workers Directive - amounts to "social dumping."

    By recruiting from low-wage countries, employers avoid making payments into costly health and welfare schemes of the local workers.

    Only 1% of the EU workforce are "posted" workers.

    "Part of Britain's Brexit vote was down to the poor functioning of the single market on posted worker rules, and the rules we have on social rights," Mr Macron said.

    "I'm convinced we can reach an agreement before the end of the year," he added.

    Mr Macron was speaking in Bucharest, after talks with the Romanian President, Klaus Iohannis.

  20. FTSE 100 ahead at close

    London Stock Exchange sign

    The FTSE 100 managed to remain in positive territory on Thursday, closing at 7,407.06, a rise of 24 points or 0.33%.

    The FTSE 250 however, closed lower at 19,710.30, a fall of 33 points or 0.17%, dragged lower by Dixons Carphone, which lost ground following a profit warning.