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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Lyft prices IPO
  3. Pound lifts off last night's lows
  4. Numis warns of lower profits
  5. Tui knocked by 737 groundings
  6. US says China trade talks 'constructive'
  7. Brexit: Leave without a deal says King
  8. Debenhams secures £200m lifeline
  9. UK Q4 GDP confirmed at 0.2%

Live Reporting

By Russell Hotten

All times stated are UK

  1. Cause of 737 crash?

    plane wreckage

    Officials investigating the fatal crash of a Boeing 737 Max in Ethiopia have reached a preliminary conclusion that a suspect flight-control feature automatically activated before the plane nose-dived into the ground, the Wall Street Journal is reporting.

    The paper cites people briefed on the matter in which it says are the first findings based on data retrieved from the flight’s black boxes.

  2. Mike Ashley responds to bond changes

    Mike Ashley

    On Thursday night, Debenhams' bondholders agreed in a vote to change the terms of some of their bonds - a step that takes the troubled UK department store chain closer to a refinancing deal, and could thwart a bid from Mike Ashley.

    Mr Ashley has issued a statement in response to the news.

    “Now the results of the vote are known and we have also been subsequently advised that the supportive HSBC are no longer part of Debenhams RCF, I think that if there were any justice in the world the majority of the advisors would be put in prison," he said.

  3. Lyft IPO a 'litmus test for the gig economy'

    Uber and Lyft logos

    Lyft lost $911m (£697m) in 2018 and, like Uber, shows no sign of being close to turning a profit.

    The BBC's North America tech correspondent Dave Lee says - as is often the case with Silicon Valley stock market debuts - its perceived value is less about the balance sheet, and more about the hype.

    Lyft is much smaller than Uber as it hasn't expanded beyond the US and Canada. But its debut will be seen as litmus test of how Wall Street feels about the long-term prospects of the gig economy.

  4. Asia markets climb

    Women sit in front of stock boards in China

    It's been a strong day on Asia markets with Chinese stocks leading gains.

    The Shanghai Composite jumped 2.6%, while Hong Kong's Hang Seng and Japan's Nikkei index each put on 0.8% in afternoon trading.

  5. Huawei sales top $100bn

    huawei logo

    Chinese telecoms giant Huawei said revenues topped $100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat.

    The firm said revenue for 2018 hit 721.2bn yuan ($107bn), while net profit jumped 25% to 59.3bn yuan.

    The US and others have restricted the company over concerns that its ties to Beijing represent a security threat.

    Huawei says it is independent and strongly denies its products pose a security risk.

    There's more here.

  6. Game plan?

    BBC Radio 5 Live

    Debenhams

    Debenhams got approval from bondholders yesterday to press on with a £200m refinancing. Where does that leave the possible bid by Sports Direct - founded by Mike Ashley? Sports Direct already owns nearly 30% of the department store chain and has said it could offer 5p a share.

    Sue Dunn, retail analyst at SLRA, told Radio 5 Live's Wake Up To Money: “At the moment it looks like Mike Ashley - he was bidding to be CEO of Debenhams - it looks that whole ploy has failed".

    She said there was some doubt about what Mr Ashley's intentions were for the business. Could he merge it with House of Fraser or run the department store chains separately?

    "People are a little bit uncertain as to what his game plan actually is,“ she said.

  7. Lyft valued at $24bn ahead of share market debut

    Lyft logo

    Ride-sharing firm Lyft will begin trading on the tech-heavy Nasdaq today.

    The company priced its shares at $72 amid strong investor demand, valuing the firm at $24.3bn (£18.6bn).

    It's the first in a string of expected tech IPOs this year including Uber, Pinterest, and Slack.

    Read more

  8. Good morning

    Later today MPs will be asked to vote again on Brexit - only on part of the deal negotiated with the EU - on the day the UK was supposed to leave the European Union. The pound fell yesterday on Brexit uncertainty although had edged off its lows in Asian trading hours.

    There will also be data about the UK economy and lending data from the Bank of England.

    Do get in touch: bizlivepage@bbc.co.uk