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  1. Get in touch:
  2. Mortgages approvals jump
  3. Retailer Select enters CVA
  4. Galliford Try rejects Bovis approach
  5. Fiat Chrysler to merge with Renault
  6. Bombardier in line for €3bn Cairo contract
  7. Flybe boss to leave in July

Live Reporting

By Mary-Ann Russon

All times stated are UK

  1. Good night

    BBC testcard

    That's it for today from Business Live - thanks for reading. We'll be back bright and early at 06:00 on Wednesday.

    Do join us then for all the latest breaking news and analysis.

  2. Wall Street ends lower

    New York Stock Exchange

    Wall Street shares have ended lower, as concerns about the fate of US-China trade talks and Italy's budget weighed on investor sentiment.

    The Dow Jones Industrial Average fell 237.32 points, or 0.93%, to 25,348.37, the S&P 500 lost 23.91 points, or 0.85%, to 2,802.15 and the Nasdaq Composite dropped 29.66 points, or 0.39%, to 7,607.35.

  3. London listing for African mobile operator


    Airtel Africa - a provider of telecommunications and mobile money services in 14 countries in Africa - is planning to list its shares on the London Stock Exchange.

    It also hopes to be included in the FTSE indices.

    Sunil Bharti Mittal, chairman of Airtel Africa said: "Since first investing in Africa almost nine years ago, we have well leveraged our expertise in emerging markets to deliver on a clearly-defined strategy to build Airtel Africa into a market leading mobile service provider, increasingly expanding beyond voice into data services and Airtel Money. Today, Airtel Africa is the second largest mobile operator in Africa".

    He is also the founder and chairman of Bharti Enterprises, an Indian conglomerate. Bharti Airtel Limited, a listed company in India, owns 68% of the African business through subsidiaries.

  4. Dog food Brexit stockpile


    Pets at Home would consider further stockpiling of pet food and products ahead of the new October Brexit deadline in the event of a no deal Brexit.

    That's according to chief executive Peter Pritchard who has been speaking to the Press Association.

    The group has already eaten into the £4m of stocks built up ahead of the initial March 29 deadline

    "We will always protect customer availability. Our focus is on making sure our customers can buy the things they want," he said.

  5. BBC accused of 'plagiarising' slogan

    Slay in your lane advert

    The BBC has been accused of plagiarism for using the slogan "Slay In Your Lane" in a women's sport promotion.

    Yomi Adegoke, co-author of Slay in Your Lane: The Black Girl Bible, accused BBC Sport of "ripping off" the title.

    She said the poster, featuring an image of black British sprinter Dina Asher-Smith, tried to "piggyback" on her trademarked brand's movement.

    The BBC said the poster was "sufficiently far removed" from the Slay in Your Lane brand.

    The advertising campaign ends on Tuesday.

  6. Johnson & Johnson in billion dollar opioid crisis

    Johnson & Johnson building

    Johnson & Johnson, one of the world's largest drug manufacturers, has gone on trial in a multi-billion dollar lawsuit by the US state of Oklahoma.

    Prosecutors accuse the firm of deceptively marketing painkillers and downplaying addiction risks, fuelling a so-called "opioid epidemic".

    Johnson & Johnson denies wrongdoing and says it marketed products responsibly.

    It is the first of 2,000 cases brought by state, local and tribal governments against pharmaceutical firms in the US.

  7. Filmore and Union cafe chain collapses with 80 job losses

    Filmore and Union

    In case you missed it, the firm behind a chain of cafes has collapsed blaming severe cash flow problems and poor trading conditions.

    The Filmore and Union chain operated 17 sites in Yorkshire and the North East and employed around 230 people.

    Administrators were appointed on Friday and have arranged the partial sale of the production kitchen and 10 stores.

    That plan aims to safeguard 150 jobs, but the remaining sites have ceased trading with the loss of 80 posts.

    There's more here.

  8. Walmart hires new CTO

    Suresh Kumar

    Walmart has hired Suresh Kumar, a former executive from Amazon and Google, to be its new chief technology officer and chief development officer.

    Mr Kumar was most recently the vice president and general manager for display, video, app ads and analytics at Google, and before that he was corporate vice president of cloud infrastructure and operations for Microsoft.

    He will replace Walmart's outgoing CTO Jeremy King, who has been poached by Pinterest.

  9. British Steel receives 80 offers of interest

    Power plants

    Government officials say they are making "good progress" in finding potential buyers for British Steel which collapsed last week.

    The Official Receiver said it had made contact with more than 80 potential purchasers, 60 of whom have been sent non-disclosure agreements (NDAs).

    NDAs give bidders access to information that helps them prepare offers.

    "Expressions of interest are due with me by early June," the Official Receiver said in a statement.

  10. US consumer confidence rises

    US shoppers

    US consumer confidence has risen to a six-month-high, climbing to 134.1 in May, according to the Conference Board's index.

    Interestingly, views on the present economic situation rose to 175.2 - the highest since December 2000, showing Americans are feeling happier due to falling unemployment and rising wages.

    "Consumers expect the economy to continue growing at a solid pace in the short term, and despite weak retail sales in April, these high levels of confidence suggest no significant pullback in consumer spending in the months ahead,” said the Conference Board's senior director of economic indicators Lynn Franco.

  11. Five-a-side football firm Goals issues profit warning

    Men playing five-a-side football

    Five-a-side football firm Goals Soccer Centres has warned of poor results for both 2018 and 2019, as it continues to try to recover from major VAT errors.

    It added that new accounting policies mean its 2019 results are set to be "materially" lower than expected and said it may not be able to complete its 2018 audit by the 30 June deadline.

    Goals is still in talks with HMRC to try to resolve the issue.

    Shares in the firm remain suspended until its 2018 accounts are published.

  12. Boots review puts 200 stores at risk of closure

    Boots store

    More than 200 Boots stores across the UK could be closed by its American owners Walgreens Boots Alliance (WBA) in a bid to cut costs.

    The shops - which are in areas where Boots has more than one store - are under review for possible closure.

    It is understood the review will take place over the next 12 to 18 months.

    Boots said it did not have "a major programme envisaged" but was always reviewing "underperforming stores and opportunities for consolidation."

  13. Manchester tram strike called off

    Manchester Metrolink

    A planned strike by tram workers in Manchester next month has been called off.

    Members of Unite at Greater Manchester's Metrolink system were due to walk out between June 7-10, during the city's Parklife music festival.

    But Unite said today that following talks over the bank holiday weekend with Keolis Amey Metrolink, which runs Metrolink on behalf of Transport for Greater Manchester, a new package covering pay and employment conditions was hammered out.

    Unite's members will now be balloted on the proposals, with a recommendation to accept.

  14. London mixed on close

    London Stock Exchange

    London shares have ended mixed, as the FTSE perked up slightly after a positive US open.

    The FTSE 100 closed 8.8 points or 0.1% down to 7,268.95.

    Top of the losers is British American Tobacco, which fell 3.3% to £28.86 on the news that it, together with rival Philip Morris, are being sued by the Brazilian government for the costs of treating patients with tobacco-related diseases over the last five years.

    The FTSE 250 ended 77.7 points or 0.4% ahead to 19,204.93. Southend Airport owner Stobart heads the winners, jumping 9.7% to 117.4p. Today it was announced that the chief executive of budget airline Flybe will step down in mid-July, following the sale of the airline to consortium consisting of Stobart, Virgin Atlantic and Cyrus Capital.

  15. GE to lay off 1,044 jobs in France

    GE Energy in Belfort, France
    Image caption: GE Energy in Belfort, France

    US firm General Electric has announced that it is planning to cut 1,044 jobs in France, to the dismay of the French government, which had asked it not to do so.

    Although not finalised, the proposals would see jobs cut principally at GE's energy site in Belfort, which is near the border between France and Switzerland.

    GE took over French energy firm Alstom in 2015 and promised to create 1,000 new jobs. In February, after creating just 25 new jobs, GE announced that it would pay France €50,000 for every job it had failed to create, which came to €50m in total.

    The job cuts are due to a fall in demand for gas, after GE's energy division saw its revenues drop by 22% in 2018.

  16. Quorn gets boost from Greggs

    Greggs vegetarian sausage roll

    Vegetarian foods company Quorn is really seeing the benefit from its partnership with bakery-chain Greggs.

    The vegan sausage roll the two companies launched has flown off the shelves helping Quorn to global sales growth of 7% to £220m during 2018.

    However profits fell £5m to £27m in 2018 as the company ramped up its research and development capability.

    It has invested £5m into a variety of new development projects to create its “strongest ever” innovation pipeline, the company said.

    Kevin Brennan, chief executive of Quorn Foods, said: "As we continue to make progress, it’s clear that now is the time to invest heavily in research and development to ensure we lead the world in delivering great solutions to the climate issues associated with meat production."

  17. MacKenzie Bezos to give away half her fortune

    Jeff and MacKenzie Bezos

    MacKenzie Bezos, the ex-wife of Amazon boss Jeff Bezos, has promised to give half her fortune to charity.

    She joins billionaires such as investor Warren Buffett and Microsoft founder Bill Gates in the Giving Pledge.

    The pledge was started by Mr Buffett and Mr Gates and calls for the richest to give away half or more of their wealth.

    Ms Bezos is estimated to be worth almost $37bn (£29bn). She and Mr Bezos divorced earlier this year.

  18. Alexander Dennis sold to Canadian firm

    Alexander Dennis buses

    One of Scotland's biggest manufacturers has been sold to a Canadian firm for £320m.

    Alexander Dennis, the world's largest producer of double-decker buses, was acquired by a group of Scottish investors in 2004.

    Stagecoach founders Sir Brian Souter and Dame Ann Gloag owned more than half the Falkirk-based company.

    Alexander Dennis will now become part of the NFI Group, which makes buses for the North American market.

  19. 'Give other people goals and step back'

    Running a business is like running a marathon - break everything down into little steps you can accomplish every day, says James Quarles, chief executive of popular activity-tracking app Strava.

    Video content

    Video caption: Strava boss: How to run a business
  20. Wall Street opens slightly higher

    Wall Street traders

    Wall Street shares have opened slightly higher, led by technology stocks, although investors remained cautious following signs that the US-China trade war is far from over.

    The Dow Jones Industrial Average is 114.5 points or 0.5% ahead to 25,700.15, led by Microsoft which has risen 1% to $127.53.

    The S&P 500 is flat - just 3.8 points or 0.1% up to 2,826.06. Top of the winners is Total System Services, up 5.2% to $119.32 following news it is to merge with Global Payments in a deal worth $21.5bn.

    And finally, the tech-heavy Nasdaq is 51.1 points or 0.7% higher to 7,688.13. Chipmaker AMD heads the winners, climbing 5.3% to $27.85 after showing off concepts for its third generation of Ryzen CPUs, including its first 12-core chip.