Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.


  1. RBS posts £2bn annual loss
  2. IAG annual profit soars 64% to €1.8bn
  3. London City Airport sold for £2bn
  4. Apple asks court to reverse iPhone order
  5. Regional house price gap widens

Live Reporting

By Tom Espiner

All times stated are UK

Get involved

  1. Goodnight

    That wraps it up from the Business Live page for tonight. Join us again from 06:00 on Monday.

  2. What makes a hit film?

    The freshly painted Hollywood Sign

    The Economist has analysed 2,000 films with a budget of more than $10m released since 1995 to try to see what makes a hit film.

    The strongest predictor is the budget, the article says. Sequels earn more than non-sequals. Superhero films pull in more cash than non-superhero films, especially if they're child friendly. The biggest stars add box-office dollars. Marketing spend counts too, as does the release date - summer movies tend to do better.

    But that's not all. About a fifth of box-office revenues can't be explained by the Economist's model, it says.

  3. Royal Bank's painful legacy

    BBC Scotland business and economy editor Douglas Fraser writes...

    RBS logo

    It's seven years since Royal Bank of Scotland published annual results with a headline loss of more than £24bn.

    There was a three-to-five year plan put in place to turn it around, with the non-core fifth of the bank to be axed.

    Seven years later, and the colour of the ink remains the same, the tale of woe a bit like Groundhog Day. The eighth successive loss is smaller, but it's still a whopper and still in the billions - very nearly £2bn, to be more precise.

    The recovery plan has stretched to 10 years. And while Lloyds Banking Group has dug itself out of its nightmare, and most of its government shareholding, RBS is far behind in that process, still 73% Treasury-owned with no dividends payable yet.

    Read more here.

  4. Wall Street mixed as investors eye future rate hikes

    Wall Street was mixed at the close as concerns about the timing of future interest rate hikes offset gains in materials and energy stocks.

    The Dow Jones industrial average closed down 0.34% at 16,639.83 points and the S&P 500 lost 0.19% to finish at 1,948.00. The Nasdaq Composite added 0.18% to 4,590.47 points at the close.

  5. Mansion prices tumble in Houston

    he unfinished River Oaks mansion once owned by former Enron CFO Andrew Fastow

    Prices for mansions in Houston's poshest neighborhood have fallen almost 50% since the middle of 2014, linked to the drop in oil prices.

    Since that time, the average price of a mansion in River Oaks has fallen to $1.3m from $2m, says the Houston Association of Realtors.

    Tanking energy firm shares make up much of oil and gas executives' compensation. 

    "When oil does well, River Oaks does well. When oil does bad, River Oaks does bad," said Paige Martin, a Keller Williams broker who specialises in the area. "Not everybody can afford a $10m house."


  6. United Technologies rejects $90.7bn Honeywell offer

    US industrial conglomerate United Technologies has rejected a $90.7bn offer by rival aerospace firm Honeywell, saying that pursuing a merger would be "irresponsible" toward its shareholders.

  7. Oil prices slide as traders cash out

    Oil prices have fallen as investors cashed out weekly profits after an earlier rally driven by disruptions to crude supplies and Wall Street's gains from US economic data.

    Brent crude is down 0.8% at $35.02 per barrel, US crude is down 0.9% at $32.79.

  8. Coal remains top US power source

    Emissions spew out of a large chimney at the coal fired Morgantown Generating Station in Maryland

    Coal retained its top spot in the US power generation in 2015, and natural gas came in second, according to US Energy Information Administration (EIA) data.

    The EIA said produced about 1.4 billion megawatt hours (MWh) per day while gas produced a record high 1.3 billion MWh per day of electricity on average in 2015.

    One megawatt is enough to power about 1,000 US homes. 

  9. New Fifa president promises 'new era'

    The new FIFA President Gianni Infantino

    The newly elected president of Fifa has promised to work tirelessly to restore the reputation and image of football's world governing body.

    Gianni Infantino of Switzerland said:

    Quote Message: I want to tell to all of you: you will be proud of Fifa, you will be proud of what Fifa will do for football. We enter now into a new era. It was today an important congress, an extraordinary congress where some reforms have been approved, some ground breaking reforms. And where a president has been elected who certainly can and will implement all these reforms in order to make sure that the image and reputation of Fifa will come back to where they belong." from Gianni Infantino Fifa president
    Gianni InfantinoFifa president
  10. US data 'keep rate hikes on table' says economist

    US consumer spending rose solidly in January and underlying inflation picked up by the most in four years keeping Federal Reserve interest rate increases on the table this year, according to an economist.

    "Growth is rebounding, inflation is picking up and stocks have recovered about half the loss posted this year. Conditions are moving back toward supporting a rate hike," said Joel Naroff, chief economist at Naroff Economic Advisors in Pennsylvania.

  11. Apple chief defends privacy stance

    The Apple logo is seen reflected on the glass of its store on Fifth Avenue in New York

    Apple chief executive Tim Cook has defended his company's opposition to the FBI's iPhone-hacking plan at its annual shareholder meeting, one day after the tech giant formally challenged a court order to help the FBI unlock an encrypted iPhone used by one of the San Bernardino killers.

    "We do these because these are the right things to do," Mr Cook said in a brief reference to the company's privacy stance in the case.

    Major tech companies are also rallying to Apple's cause, and now plan a joint "friend of the court" brief on its behalf.

    Facebook said it will join with Google, Twitter and Microsoft on a joint court filing.

  12. Hackers behind Ukraine power cuts, says US report

    Ukraine power

    Hackers were behind an attack that cut power to 225,000 people in Ukraine, a US report has concluded.

    The December 2015 incident is thought to be the first known successful hack aimed at utilities.

    The report, written by the Department of Homeland Security, is based on interviews with staff at Ukrainian organisations that dealt with the aftermath of the attack.

    The DHS report did not name the suspected perpetrators.

    Read more here.

  13. George Osborne warns of further spending cuts in Budget

    George Osborne

    Chancellor George Osborne has warned he may have to make fresh cuts to public spending in next month's budget.

    He told BBC political editor Laura Kuenssberg that global economic turmoil and slower growth meant "we may need to undertake further reductions".

    Mr Osborne slowed the pace of spending cuts in his November spending review.

    But recent figures showing the UK economy was smaller than expected meant savings must be found in his Budget statement on 17 March, he said.

    Read more here.

  14. And on the subject of Africa...

    The online journal Quartz reports that Africa's economic slowdown is not deterring investors from doing deals there.

    It quotes a report from Mergermarket which says that falling currencies and the slump in commodities over the past year may actually be making the continent more attractive to investors on the prowl for their next cheap deal.

  15. Barclays 'to leave Africa business'

    Barclays Bank is apparently planning to exit its Africa business, the Financial Times reports.

    The paper says the move, which is likely to be announced along with its results next Tuesday, is part of new boss Jes Staley's move to refocus the bank on its core UK and US markets.

  16. JC Penney shares soar

    JC Penney store

    One of the star performers on the US stock market today is the retailer JC Penney. Its shares are up 13% after encouraging results.

    The company said it expects to post its first annual profit in five years in 2016 and reported a bigger-than-expected profit for the fourth quarter due to strong holiday sales and fewer discounts. 

    Apparently it was Sephora beauty products, footwear, handbags and home goods that sold particularly well.

  17. New Fifa rules

    Earlier, the football governing body passed a raft of reforms in an attempt to lift it out of a corruption crisis.

    The Fifa president will be limited to three terms in office, salaries will be disclosed and a new council will replace the current executive committee, featuring a female representative from each confederation.

  18. New Fifa president

    Gianni Infantino will be Fifa's ninth president after being elected at the world governing body's extraordinary congress in Zurich with 115 votes.

    His words on stage:

    "Dear friends, I cannot express my feeling in this moment. 

    "I told you I went through a journey, an exceptional journey. 

    "A journey in which I meet many people, many people who deserve that FIFA is highly respected. Everyone will respect what we will do together in FIFA. 

    "I like to thank all of, all 209 associations. 

    "I want to work with all of put football in the centre of the stage."