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  1. Wall Street opens strongly after losing streak
  2. 20,000 Tesco Bank accounts attacked
  3. FTSE 100 jumps 1.7% at close
  4. Sterling loses ground
  5. HSBC third quarter profits tumble

Live Reporting

By Bill Wilson

All times stated are UK

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  1. Goodnight

    That is all from Business Live. Join us again at 6am on Tuesday. 

  2. RBS poised to make GRG payouts

    Late news just before we close down for the evening.

    It seems that RBS is poised to make some payouts with regard to cases concerning its Global Restructuring Group (GRG).  

    Allegations had been made that the now-defunct RBS division drove clients - usually small businesses - into positions of financial distress so the bank could buy their properties and make a profit

    RBS chief executive Ross ‎McEwan last month denied the allegations. 

  3. Wall Street rebounds

    Shares on Wall Street shot strongly ahead on Monday, breaking a nine-day losing streak.

    The Dow Jones jumped 371 points, or 2.1%, to 18,260. The S&P 500 index gained 46 points, or 2.2%, to 2,131. The Nasdaq was up 120 points, or 2.4%, to 5,166. 

  4. HSBC boss urges government clarity on EU workers


    HSBC chief executive Stuart Gulliver has urged the government to clarify the status of EU workers in the UK.

    Mr Gulliver was asked if the bank planned to move staff from its UK offices following the Brexit vote.

    He said the government should be given time to negotiate the process of the UK leaving the European Union.

    But he added: "The thing I would say that is slightly more urgent is clarity around the status of EU nationals with jobs working in the UK."

    Of HSBC's 42,000 staff in the UK, about 2,000 are from the EU.

  5. Gold prices fall

    Gold prices have posted their biggest one-day drop in five weeks as the dollar and stocks rallied after the FBI said it had found no criminal wrongdoing in Hillary Clinton's use of a private email server.

    The spot gold price was down 1.8% at $1,280.70 an ounce. U.S. gold futures settled down 1.9% at $1,279.40 per ounce. 

  6. Brexit must happen on time, Theresa May insists

    Tells BBC Business editor she intends to trigger Article 50

    Theresa May has said she is "clear" she expects to start talks on leaving the EU as planned by the end of March.

    The UK prime minister also played down the chances of an early general election, saying the next one "should" take place as scheduled in 2020.

    The government is appealing against the High Court's decision that MPs and peers should vote on triggering Brexit.

    Speaking to BBC Business Editor Simon Jack on a trade visit to India, Mrs May said: "I'm clear that I expect to be able to trigger Article 50 by the end of March next year. That's what I've said consistently and I continue to work on that basis."  

  7. Viva la difference....

    Why did French women walk out of work early?

    We Can Do It - USA WW2 poster

    It seemed an insignificant time: 16:34 on Monday, 7 November.

    And yet, for women across France, it had huge importance: it was the moment they effectively stop being paid for 2016, thanks to the gender pay gap.

    And this year, they weren't letting it go unnoticed.

    Read more about the protest here.

  8. US markets higher in afternoon trading

    US shares are up a chunky 1.9% a day before the presidential election (like we need reminding). The boost is said to be coming from the removal of the threat of criminal charges against Hilary Clinton for her use of a private email server. The Dow Jones Industrial Average was up 1.87% at 18,222.62, the S&P 500 up 2% at 2,127.61 and the Nasdaq up 2.3% at 5,162.807.

  9. Sandwichgate

    Iain Wright, the chairman of the Business Innovation and Skills Committee who was one of the six MPs who dropped in on Sports Direct's Derbyshire warehouse spoke to founder Mike Ashley on the phone after the MPs left the place. Mr Wright said: "I don't think it was a particularly pleasant conversation for either of us. I would have liked Mike Ashley to have been here. We were always going to turn up unannounced. It's what he said we could do when he came before us in June and it's what we've done now. I want to work with Mike Ashley in a constructive manner. I don't think he wants to work with us at all any more."

  10. MPs claim bugging at Sports Direct visit

    More on tracksuitgate - or, perhaps, sandwichgate: One of the six MPs at the Shirebrook spot check describes how the sting was attempted: Anna Turley, MP for Redcar, said: "At the end of the meeting, we sat down to have a private conversation in a room by ourselves. A lady came in with some sandwiches, which was very kind. I saw her take too long to do it, she put it down and I saw her put a recording device on the floor. She left the room and I went over to pick up the device and there it was: a camera and a recording device for the conversation that we were having privately."

    A lovely bit of understatement here: "I'm very disappointed," she adds.

  11. MPs claim Sports Direct 'bugged' their visit

    Ooh, err. Six MPs from the Business and Skills Committee claim an attempt was made to record their private discussions after a surprise visit to to Sports Direct's Shirebrook warehouse. MPs gave notice only this morning that they would visit the Derbyshire site. The committee has investigated working practices at Shirebrook, and wanted to see if improvements had been made. After a three hour tour, they gathered in a private room when they said a recording device was found.

  12. BreakingAn updated statement from Tesco Bank

    Quote Message: “Tesco Bank can confirm that, over the weekend, some of its customers’ current accounts have been subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently. We apologise for the worry and inconvenience that this has caused for customers, and can only stress that we are taking every step to protect our customers’ accounts. As a precautionary measure, we took the decision on Sunday 6 November 2016 to temporarily stop online transactions from current accounts. This will only affect current account customers. While online debit transactions will not be available, current account customers will still be able to use their cards for cash withdrawals, chip and pin payments, and all existing bill payments and direct debits will continue as normal. We are working hard to resume normal service on current accounts as soon as possible. We can reassure customers that any financial loss as a result of this activity will be resolved fully by Tesco Bank. This afternoon we began the process of refunding all customer current accounts that have been subjected to online criminal activity and we expect this process to be completed by the end of tomorrow. We continue to work with the authorities and regulators to address the fraud and will keep our customers informed through regular updates on this website, Twitter and Your Community. If customers have any concerns at all, we would advise them to contact our customer service team who will be able to provide assistance.” from Benny Higgins Chief Executive, Tesco Bank
    Benny HigginsChief Executive, Tesco Bank
  13. Neymar should face fraud trial says judge


    Barcelona and Brazil footballer Neymar should face trial for fraud, a Spanish judge has said, months after the case was dismissed.

    The case was reopened on Monday, brought by investment fund DIS, which claims it was short-changed during Neymar's 2013 move to Barcelona.

    The fund formerly owned the transfer rights to the 24-year-old.

    The charges - which are denied by the accused, including Neymar and his parents - were dropped in July.

    Judge Jose de la Mata was ordered to reopen the case in September by Spain's Supreme Court.

    DIS, which was entitled to 40% of Neymar's transfer from Brazilian club Santos, claims it received a smaller compensation than it should have because part of the transfer fee was allegedly concealed.

  14. 'It's lucky I wasn't paying for dinner'

    The responses from Tesco Bank customers continue to come in after the bank confirmed money was stolen from 20,000 accounts over the weekend. 

    The bank has frozen online payments made with a debit card, e.g. for online shopping; although cards can now be used in stores. 

    Here's what happened to one BBC reader - Rebecca Wilkinson in Reading:

  15. FTSE closes ahead

    FTSE close Monday

    A strong day for stocks in Europe has seen London's benchmark FTSE 100 close the day up by 1.7%, or 113.64 points, at 6806.90.

    Miners dominated the winners' chart, with Antofagasta, Glencore, Anglo American, and BHP Billiton were all ahead by more than 4.5%.

  16. Tesco Bank attack: Thefts erode trust, warns expert

    Video content

    Video caption: Tesco Bank attack: Thefts erode trust warns expert

    A leading cybersecurity expert says thefts from Tesco Bank's online accounts are unlike anything he has ever seen before. 

    The UK lender has acknowledged that money was stolen from nearly 20,000 of its customers over the weekend. The firm is covering the losses, but Troy Hunt said trust in its brand would be damaged.