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Summary

  1. All the latest reactions to sale of Tata's Port Talbot plant
  2. Mr Kipling owner Premier Foods rejects third offer
  3. Aldi recalls 'contaminated' snacks

Live Reporting

By Karen Hoggan

All times stated are UK

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  1. Goodnight

    That's it for another day on the Business Live page - a day dominated by the news about Tata's proposed sale of its Port Talbot plant.

    Join us again from 6am tomorrow for all the latest on that and the rest of the business stories. 

  2. 60 years of steel

    The town of Port Talbot has for more than 60 years been synonymous with steel. 

    In its heyday in the 1960s, nearly 20,000 people worked there and the town grew up around it. 

    Numbers may have dwindled, but it still has an imposing presence in the Welsh economy.

    Port Talbot steelworks in mid 1960s
    Workers leaving the shift at the newly-formed Steel Company of Wales in Port Talbot in 1949
    A worker in 1961 measures a roll of steel
    Port Talbot in 1961
  3. Wall Street up for a second day after Yellen comments

    Shares on Wall Street have closed higher, helped for a second day by comments from Federal Reserve chair Janet Yellen that eased anxiety about potential interest rate hikes.

    The Dow Jones industrial average rose 0.48% to 17,717.01 points, and the S&P 500 gained 0.44% to 2,063.96 points.  

    The Nasdaq Composite added 0.47% to 4,869.29.

  4. Javid: UK steel industry needs long-term solution

    Video content

    Video caption: Business Secretary Sajid Javid says UK steel industry is "absolutely vital" for UK
  5. Nike inspired motivational speech

    As far as motivational speeches go this is pretty hardcore.

    It'll also wake you up if you start to flag round about this time of the evening. We'll say nothing about the fact that the speaker is Shia LaBeouf but we hear he's available for team building weekends.

    View more on youtube
  6. Baketime apologises over snacks recall 'inconvenience'

    The company which manufacturers the biscuits and snacks taken off the shelves by Aldi and others has confirmed it saw "evidence of pest activity" in January and again in March.

    Baketime - based in Middlesborough - says the production area was subsequently "declared clear of pest activity."  

    However, it says it's continuing to work closely with its local environmental health officer and pest control contractor to "ensure that the issue has been properly eradicated and hygienic standards on site are upheld".

    Quote Message: There has been no evidence of any contamination to any of our products produced, however in the interest of health and safety and on a purely precautionary basis a recall was announced on certain batch codes. The company apologises for any inconvenience this has caused." from Baketime
    Baketime
  7. Could Brexit be negotiated in two years?

    By Ross Hawkins

    Reality Check

    Lord O'Donnell saying: I'm in the camp that doesn't think we can do it in two years"

    The claim: Former cabinet secretary Lord O'Donnell fears that negotiating the UK's exit from the European Union would take longer than the two years permitted, which could leave the UK facing higher tariffs.

    Reality Check verdict: There are strong views on both sides, but without a crystal ball, neither side can be certain their hopes, fears or forecasts will turn out to be true.

    Read the full Reality Check here.

  8. Tim Bowler

    Business reporter, BBC News

    The Tata Steel processing plant at Scunthorpe

    Tim Bowler

    Business reporter, BBC News

    The BBC's Tim Bowler looks at why Britain's steel industry is in such trouble with so many jobs being lost - and asks is it really all the fault of the Chinese?

    Read more
    next
  9. Record amount of fake food seized

    BBC World Service

    BBC World Service reports that police forces around the world seized a record 10.000 tonnes of fake or toxic food over the past year.

    Among the finds reported by Interpol were Sudanese sugar tainted with fertiliser, and Indonesian chicken intestines preserved with formaldehyde. 

    Italian officers discovered olives painted with copper sulphate to improve their colour. 

    The authorities in Hungary, Lithuania and Romania, seized counterfeit chocolates aimed at children and destined for export to West Africa. 

  10. Video content

    Video caption: Business Secretary Sajid Javid says UK steel industry is "absolutely vital" for UK