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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Pound dips below $1.26
  3. FirstGroup to sell Greyhound buses...
  4. ...and writes down rail business by £100m
  5. De La Rue profits drop, boss to leave
  6. 5G mobile services launch in the UK
  7. Disney may quit Georgia over abortion law

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 Friday.

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

  2. Uber results

    Uber reported a $1bn loss in its first quarterly report as a listed company.

    That's in spite of a 20% hike in sales.The results are in line with what analysts reckoned on, but show a sharp rise in expenditure.

  3. Wall Street up a touch on close

    Wall Street traders

    Wall Street shares have ended up, but only just.

    At the closing bell, the Dow Jones Industrial Average rose 44.15 points, or 0.18%, to 25,170.56, the S&P 500 gained 5.86 points, or 0.21%, to 2,788.88 and the Nasdaq Composite added 20.41 points, or 0.27%, to 7,567.72.

  4. Top doctor considering unhealthy food tax

    junk food

    England's chief medical officer says she is considering taxing unhealthy food to persuade parents to buy more fresh fruit and vegetables.

    Prof Dame Sally Davies has been asked to urgently review what more can be done to meet the government's target of halving childhood obesity by 2030.

    Ideas include a tax on added sugar in baby food and on high-calorie food such as pizzas and cakes.

    The food industry has always said taxes would not change consumer behaviour.

  5. Windows shopping in London

    Microsoft is about to open a new three-floor flagship store at London’s Oxford Circus on 11 July.

    A few doors up from the Apple store it'll be vying for tech-fans attention with “interactive zones surrounded by immersive video walls” according to Retail Week.

    And a "community theatre" will put on free workshops for visitors to learn about tech and coding and such.

    View more on twitter
  6. How much faster is 5G?

    Video content

    Video caption: BBC News puts 5G connectivity to the test on two phones, downloading a podcast.

    As EE launches the UK's first 5G mobile network, BBC News puts it to the test, downloading a podcast in central London.

  7. Netflix price increase for UK customers

    Netflix remote

    Netflix has confirmed that customers in the UK will now have to pay more for their subscriptions.

    The standard tariff, which means you can stream TV shows and movies to two devices at the same time, was £7.99 but will now be £8.99.

    The premium tariff, which lets you stream to four devices, will increase by £2 to £11.99.

    The basic subscription currently costs users £5.99 and is the only one that will stay the same.

  8. England beat South Africa in opening cricket match

    Moeen Ali, Ben Stokes and Eoin Morgan of the England cricket team

    Following on from our post earlier - England has beaten South Africa in the opening match of the ICC World Cricket Cup.

    Ben Stokes and Jofra Archer lit up The Oval to ensure England defeated South Africa and got their World Cup campaign off to a winning start.

    Regularly bowling in excess of 90mph, Archer - playing only his fourth one-day international - took 3-27 and hit Hashim Amla on the helmet to force him to temporarily retire hurt.

    After Stokes took an amazing one-handed catch on the boundary to dismiss Andile Phehlukwayo, South Africa were dismissed for 207 to lose by 104 runs.

  9. 'Friendly fire' has left economy minister cowed

    Daniel Gallas

    BBC South America business correspondent

    Paulo Guedes, economy minister (l) and Jair Bolsonaro (r)

    When Jair Bolsonaro was elected, Brazil’s stock market and currency both bounced – showing just how confident markets were in the new government.

    Bolsonaro had given carte blanche to his economy minister, businessman Paulo Guedes, to act on reforms.

    Almost five months later there is much disappointment with the government and with the economy.

    Guedes has been the target of friendly fire: attacks from other ministers, resistance in Congress from Bolsonaro’s own party and even calls for state intervention coming from the president himself.

    He has also repeatedly threatened to leave the government if he doesn’t get his way with Congress.

    Markets now believe Brazil will only have any significant growth next year.

  10. The moment 5G fails live on air

    Video content

    Video caption: Live BBC broadcast over 5G network on launch day fails

    The BBC's Clive Myrie was attempting to talk to a reporter about the launch of 5G whilst using the technology to broadcast live from central London, but the network cut out.

  11. Google and Apple criticise GCHQ eavesdropping idea

    A person wearing glasses

    A proposal by the UK security agency GCHQ to eavesdrop on encrypted messages has been strongly criticised by big tech firms and rights groups.

    Google and Apple were among 47 firms to sign an open letter, saying it was a "serious threat" to trust and security.

    The GCHQ plan would effectively mean that a copy of every encrypted message would be sent to the security services.

    The technique resembled the way that GCHQ currently used wiretaps to listen to unencrypted chat, said the agency.

  12. Green light for new salmon farm in Orkney

    A fisherman in Scotland

    Scottish Sea Farms has been given the green light to launch a new salmon farm in Orkney.

    The Norwegian-owned firm said it planned to invest £3.2m in the site, which will be based off the island of Hunda within Scapa Flow.

    It has been given consent to grow up to 1,677 tonnes of salmon per two-year crop cycle at the farm.

    Six new full-time roles will be created at Hunda, which is expected to start operating in the spring.

  13. Will Brazil fall into recession?

    Brazil flag

    Capital Economics says there is now a real risk that Brazil's economy will slip into a technical recession, which could mean interest rate cuts.

    But that could still be avoided.

    The fall in GDP is in part down to temporary factors, including a sharp drop in iron ore output, it says. And on the plus side domestic consumption was relatively strong.

    "Our base case is that the economy will return to positive growth in Q2 and record modest growth over the second half of the year. Even so, the risks to our growth forecast for this year, of 1.5%, now lie clearly to the downside," says Capital Economics' report.

  14. London closes ahead

    London Stock Exchange

    London shares have ended higher, as rising oil prices and banking and insurance stocks helped the FTSE to recover slightly from trade war fears.

    The FTSE 100 closed 32.9 points or 0.5% ahead to 7,218.16, led by Rightmove, which rose 3.3% to 583.8p.

    The FTSE 250 ended 165.4 points or 0.9% higher to 19,111.51. Top of the winners was Scottish construction outsourcer Kier Group, which jumped 12.5% to 292.8p.

  15. Pound briefly falls below $1.26

    Pound notes

    Sterling briefly fell 0.3% to below $1.26 in the last hour, slipping to its lowest since January.

    The decline is likely due to continuing uncertainty around Brexit, following the European Parliament election results earlier this week.

    But other factors are involved too, according to Neil Wilson, chief market analyst at Markets.com.

    "Brexit is one half of the story – we also are seeing broad dollar strength, with the dollar index eyeing a move to fresh 2-year highs above 98.25. Better US data is a factor - US GDP came in at 3.1%, ahead of expectations, albeit revised down from the 3.2% in the initial print," he said.

  16. CBS and Viacom shares up on potential merger talks

    CBS and Viacom logos

    US broadcaster CBS and media company Viacom have seen their shares rise on news the two firms are preparing for merger talks in June.

    CBS is now 3.2% higher to $48.21, while Viacom is up 5.1% to $29.17.

    Sources told CNBC that the board of CBS is now preparing for merger talks with Viacom, which are expected to begin at some point in early-mid June.

    Both CBS and Viacom are owned by cinema operator National Amusements, which has so far failed to merge the two firms twice before.

  17. Unite: selling First Bus ‘is a slap in the face’

    First Bus bus

    The Unite union says it "won’t tolerate a single job loss" at First Bus, after owner FirstGroup said it was looking to sell off its UK bus operations.

    Unite has about 20,000 members working for First Bus.

    “On one hand, FirstGroup has praised staff for their hard work and commitment and then, in the next breath, it announces it is selling off First Bus because of so-called ‘limited synergies’ between the parent company and the bus operations," said Bobby Morton, Unite's national officer for passenger transport.

    “This is a slap in the face to the dedication that our members show on a daily basis in all the weathers that the British climate can throw at them."

    And he warns off any potential buyers who might think they can make "easy pickings" at members' expense.

  18. Inmarsat lays big satellite order with Airbus

    An Airbus satellite

    London-based Inmarsat, the UK's largest satellite operator, has announced a major expansion of its network.

    The firm is buying three new spacecraft to augment its Global Xpress system, which provides connectivity to on-the-move and out-of-the-way users, such as those on ships, planes and oil rigs.

    European aerospace giant Airbus will build the satellites.

    Inmarsat says their novel technologies will make it easier and faster to react to market developments.