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Live Reporting

By Jill Treanor and Simon Read

All times stated are UK

  1. Good night

    Test card

    That's it for today on Business Live.

    We'll be with you at 6am tomorrow morning to bring you all the latest breaking news and analysis from the business world.

  2. Tourists are returning to Egypt

    Jeannie Joye

    BBC business journalist

    Rania Al-Mashat
    Image caption: Egypt's minister for tourism Rania Al-Mashat

    Finally, in some positive news, Egypt has seen a steep rebound in its tourism sector.

    That’s according to the country’s minister for tourism, Rania Al-Mashat who has claimed tourist arrival numbers are close to the peak of 2010.

    And that’s without the ban that the UK has had on Sharm El-Sheikh, which was only lifted last week.

    She believes the numbers are going to continue to grow.

    “I think that it is an opportune time for businesses to be in Egypt. The safety and security of our visitors is cornerstone, and at the forefront for our government. We have spent so much on infrastructure related to security.”

    But there are still concerns. The Egyptian Army reported earlier today that it has killed 83 militants in North Sinai in the past month alone.

    Al-Mashat says the report is positive, because it’s a sign the government is doing all it can to keep the dangers away from the tourist destinations like Sharm El-Sheikh.

  3. Gambling shares face heavy losses

    But don't think there weren't plenty of blue chip shares slumping today.

    The gambling companies paid a heavy price after MPs called for a restriction on online gambling.

    The big betting losers were:

    • 888 Holdings down 13.67%
    • William Hill 12.66%
    • GVC Holdings 10.47%
    • Gamesys Group 8.93%
    • Flutter Entertainment 3.39%
  4. Scottish oil giant leads FTSE winners

    The John Wood Group led the FTSE 100 risers today.

    Shares in the Scottish oil giant climbed 8.47% to 366.10.

    Other shares in the blue chip index seeing a healthy gain included:

    • Saga, up 6.98%
    • SDL 6.64%
    • NMC Health 5.66%
    • Glencore 4.67%
    • Smurfit Kappa 4.63%
    • Hunting 4.28%
  5. FTSE closes up almost 1%

    It's been a good day for markets across the globe.

    In London the FTSE 100 closed at 7,369.69, up 67.27 or 0.92%.

    The wider FTSE 250 rose 65.05, or 0.32%, to close at 20,223.82.

  6. Economic pulse 'remains weak'

    Will Hobbs, chief investment officer for Barclays Investment Solutions, has commented on today's market rally. He said:

    Quote Message: The cyclical pulse for the world economy remains weak on the evidence of incoming economic data, however crucially it does not seem to be getting weaker. The slump in interest rates of all maturities seen this year should be among the factors helping the corporate sector to find its feet a little in coming months and quarters. A little more visibility on trade may also help.
  7. New Tesco Mobile chief

    Tesco sign

    Tesco Mobile has appointed a new boss as the supermarket chain prepares to introduce the group's new loyalty scheme later this week.

    Tom Denyard will take over from Claire Lorains, who has been in the role for two-and-a-half years.

    She led the effort to tie Tesco Mobile into the Clubcard loyalty scheme.

    Mr Denyard joins from heading up the group's operations in Malaysia, after stints at Unilever and Marks & Spencer.

  8. British battery firm snapped up by French energy giant

    Electric car

    French energy giant EDF has snapped up Pivot Power, a British energy start-up which plans 50 major battery storage sites across the country.

    The company plans to build two gigawatts of battery storage as well as an electric car charging network, which it said may supply bus depots and other company fleets.

    "Battery storage and electric vehicles are two key technologies which will help lower carbon emissions, alongside generation from renewables and nuclear," said EDF chief executive Simone Ross.

  9. Court rules Trump's tax returns must be handed over

    Trump

    Donald Trump's longstanding accounting firm must hand over eight years of his tax returns to New York prosecutors, a US appeals court has ruled.

    It's the latest setback for Trump in his efforts to keep his finances secret.

    The ruling by the New York-based 2nd US Circuit Court of Appeals backed the ability of prosecutors to enforce a subpoena for the returns against accounting firm Mazars.

    The US president is set to appeal.

  10. Chernobyl: It's not 'disaster tourism'

    Jeannie Joye

    BBC business journalist

    Kateryna Aslamova
    Image caption: Kateryna Aslamova, chief guide for Chernobyl Tour

    When Chernobyl exploded in Northern Ukraine over 33 years ago, it was the world’s worst nuclear accident.

    Since radiation levels have waned, the abandoned site and the nearby ghost town Pripyat have become a hotspot for tourists. So why are people so interested?

    Kateryna Aslamova, chief guide for Chernobyl Tour, told BBC World TV today she dislikes the term “disaster tourism”.

    “It’s more educational tourism right now. We’re not just showing the abandoned site. We’re getting to know about radiation, and teaching our tourists how to behave in case of a radiation threat, and how to use a Geiger counter.”

    She said people were become more responsible after visiting Chernobyl, because they become more aware of the consequences of lax regulation.

    “It’s a great chance to see what happened back then. It’s a great chance to see what happens if tomorrow we all disappear. And basically to visit the Soviet Union. Because it seems like in 1986 time stopped. It’s like a time capsule of the soviet period.”

    So is it safe to visit? Well according to Ms Aslamova, you get more exposure to radiation on the plane flying to Kiev than you do visiting the site.

  11. Mothercare administrators should focus on 'saving jobs'

    Mothercare

    Mothercare’s administrators must focus on saving jobs and treat the staff with the dignity and respect, the shopworkers' union Usdaw has demanded.

    The union also called on the Government to do more to help save the high street.

    Dave Gill – Usdaw National Officer said: “The scale of company administrations we have seen in recent years is devastating, not just for staff, but also for our communities and shopping centres.

    "We need a government-led clear and coherent industrial strategy for retail to address the growing crisis on our high streets.”

  12. Antofagasta warns of increased hit from Chile protests

    Protestors marching in Santiago
    Image caption: Protestors marching in Santiago last week

    Copper producer Antofagasta has doubled its production cut from Chile to about 10,000 tonnes because of workers’ protests.

    However it added that its mines in the South American country have resumed operations.

    Two weeks ago, the firm said the protests could cut its production for the year by about 5,000 tonnes, because of delays in supplies and travel disruptions for workers.

    The revised forecast includes a loss of about 4,000 tonnes from worker strikes at its Antucoya mine that Antofagasta said have ended.

    The company has four mines in Chile and employs about 19,000 people.

    The country has seen anti-government demonstrations, with protesters demanding an end to low wages and high living costs.

  13. Markets rise on optimism over jobs and trade talks

    rising graph

    What's driving the global stock market rally?

    There's lingering optimism from a forecast-busting US jobs report and growing confidence that China and the United States will finally sign off on a mini-trade pact.

    European markets were "starting off the week in positive fashion, with stocks following their Asian counterparts higher amid optimism over an upside surprise to Friday's jobs report and US-China talks," according to IG analyst Joshua Mahoney.

    On Friday the Labor Department said the US created 128,000 net new jobs in October, much higher than the 80,000 expected.

  14. US stocks hit record highs

    Wall Street

    The Dow Jones has opened at 27,492.76, a record high, up 145.40, or 0.53%.

    The S&P 500 has also hit a record high of 3,083.08, up16.17 or 0.53%.

    The Nasdaq has opened at 3,082.52, up 15.61 or 0.51%.

  15. Santander snaps up Fintech stake

    Spanish bank Santander logo on a branch

    Santander has bought a majority stake in Ebury - a UK fintech (financial technology) firm for £350m.

    The provides small and medium-sized businesses (SMEs) with foreign exchange services, cash management and trade finance.

    Ana Botin, executive chairman of the Spanish bank, said: "SMEs are becoming increasingly global and Santander is the best-positioned bank to play a leading role to help them access global trade finance.

    "By partnering with Ebury, Santander will deliver faster and more efficient products and services for SMEs, previously only accessible to larger corporates."

  16. FTSE maintains gains as stocks climb across Europe

    FTSE graph

    The FTSE 100 is maintaining this morning's gains as stocks across Europe rose to a near two year high.

    The blue-chip index is up 1.08%, or 78.68 at 7,381.10.

    The German DAX is up 1.43% while the French Cac 40 is up 1.13%.

    The Euro-wide Stoxx 50 is up 1.19%.

  17. Medical device makers in $5.4bn takeover

    Medical people

    US medical device maker Stryker is snapping smaller rival Wright Medical in a $5.4bn (£4.2bn) deal.

    Stryker is looking to boost its exposure to the fast-growing orthopaedics market.

    Wright Medical is among the top makers of implants to treat upper-body joint injuries in areas such as the shoulder and wrist as well as lower body including the foot and ankle.

  18. Under Armour defends accounting practices

    welsh rugby players

    Back to US sportswear firm Under Armour, which has confirmed its accounts are being investigated by US federal authorities.

    The company, which provided kit to Wales in the recent Rugby World Cup, has also published its third quarter financial results

    Under Armour now expects revenues in the current financial year to grow by 2%, compared with an earlier forecast of 3%-4%.

    The firm's third quarter results showed revenue fell 1% to $1.4bn (£1.07bn).

    It said its "accounting practices and disclosures were appropriate".

    There's more here, showing its shares are down 16% in pre-market trading.