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Live Reporting

All times stated are UK

  1. Video content

    Video caption: Electric truck maker Rivian says the company is more than just hype

    Electric truck maker Rivian attracts attention on social media, from investors and even celebrities. But at the New York Auto Show the boss says the firm's about more than hype.

  2. Tasty sales growth

    Jar of Marmite and toast

    Consumer goods giant Unilever, maker of Ben and Jerry's, Dove soap and of course breakfast favourite, Marmite, has reported respectable sales growth of 3.1% for the first quarter.

    However turnover is 1.6% lower after it disposed of its spreads business - I can't believe it's not butter, Flora et al - to private equity firm KKR in December 2017.

    The firm's boss Alan Jope said they were on track for the full year with sales growth at around the same rate as this quarter.

    Accelerating growth would require "a continued strategic shift into faster growth segments and channels," he said.

  3. ABB chief executive to step down

    Peter Voser
    Image caption: Peter Voser

    Swiss engineering group ABB has announced that its chief executive Ulrich Spiesshofer has agreed to step down, just four months after he initiated an overhaul of the firm's operations to reduce costs.

    Unfortunately it seems his efforts to reinvent the firm did not impress shareholders, and Mr Spiesshofer has agreed to leave immediately.

    Mr Spiesshofer previously transformed ABB's robotics unit.

    ABB has appointed former Shell boss Peter Voser as interim chief executive. He has been chairman of ABB since 2015 and will also continue in that role.

    ABB is now searching for a new chief executive

  4. Danone on track despite weakening demand

    Danone chief executive Emmanuel Faber
    Image caption: Danone chief executive Emmanuel Faber

    French food group Danone says it is on track to deliver previously-forecasted rises in sales and profits in the second half of this year.

    This comes despite slowing demand for baby formula in China - a key market for Danone.

    Sales of Danone's Early Life Nutrition products in China fell around 15% in the quarter, in part due to a lower birth rate in the country.

    Danone's sales were also hit by a widespread boycott of its products in Morocco since July 2018, after three large companies in the country including Danone were targeted on social media for having unfair prices.

    Sales rose just 0.8% to €6.1bn for the quarter.

    However Danone says it is still on track to deliver group like-for-like sales growth of around 3% and an operating margin above 15% for 2019.

  5. Kevin Peachey

    Personal finance reporter

    Booking a hotel

    Kevin Peachey

    Personal finance reporter

    Firms cannot automatically keep a large deposit if a customer cancels owing to unavoidable circumstances.

    Read more
  6. JD shows results across the board

    JD sports

    More on JD Sports after its results.

    "These are a record set of results showing continued momentum across the board," say analysts at stock broker Shore Capital.

    They point to like-for-like sales (which strip out changes to stores) rising 6% in sports fashion, the double digit growth from both Europe and Asia, and the outdoor division coping with the long hot summer and mild winter.

    "There are continued encouraging positive noises about the US business Finish Line, where the focus is on improving the performance of the shopping mall stores, whilst also developing new locations in the major cities," they say.

    "The outlook statement highlights the uncertainty surrounding the nature and timing of the UK’s exit from the European Union and recognise the potential consequences of a disorderly exit on supply chains, tariffs and consumer demand," they add.

  7. Mastercard case back on?

    Mastercard logo

    A long-running £14bn court case against Mastercard could be revived.

    That's after the UK Court of Appeal reversed an earlier decision by the Competition Appeals Tribunal to block the case brought by former financial ombudsman, Walter Merricks, who had claimed that 46 million consumers had been overcharged by Mastercard over a 16-year period.

    The Financial Times reported the decision by the UK Court and said Mastercard would appeal to the Supreme Court.