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Summary

  1. FTSE 100, Cac and Dax finish lower
  2. Tiffany boss stands down
  3. Vauxhall executives questioned on Zafira fires
  4. France targets London's bankers
  5. Get in touch: bizlivepage@bbc.co.uk

Live Reporting

By Dan Macadam

All times stated are UK

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  1. Good night

    BBC Test Card F

    That's all for another day of Business Live - thanks for joining us.

    Join us from 06:00 tomorrow when we'll have all the build-up to the government's long-awaited housing plans as well as results from BP.

  2. Wall Street slumps

    The main US indexes finished lower, with the energy sector one of the heaviest fallers on Wall Street.

    Shares in most oil producers tumbled on the back of falling oil prices. Brent crude dropped nearly a dollar cent to $55.86 a barrel on signs of a supply glut in the US.

    Held back by energy stocks, the benchmark S&P 500 receded 0.2% to 2,292.56 after climbing close to a record high on Friday.

    The Dow Jones dropped 0.1%, but managed to stay about the psychological 20,000 mark at 20,052.42. The tech-heavy Nasdaq finished almost flat at 5,663.55.

  3. Revenue boost for 21st Century Fox

    Tom Brady lifts Super Bowl trophy

    Twenty First Century Fox has reported a 4% rise in second-quarter revenue to $7.68bn (£6.2bn).

    The US firm, which is in the process of acquiring the rest of British broadcaster Sky, said its cable news channel benefited from strong ratings during the US presidential election.

    Its television unit was boosted by hosting major US sporting events.

    Earlier, the Rupert Murdoch-controlled firm said last night's Super Bowl was its highest-watched event ever, with 172 million viewers.

  4. GM criticised over Vauxhall recall

    GM executives in parliamentary hearing

    MPs have criticised General Motors over its handling of a recall last year after hundreds of Vauxhall Zafira cars caught fire.

    At a parliamentary hearing, members of the Commons Transport Committee said the carmaker had treated some customers like "second-class citizens".

    They also said there had been inconsistencies in GM's investigations of the fires.

    The firm apologised and said it was working to compensate owners.

    Read more here.

  5. Get your global business fix

    Rob Young

    Business presenter

    Elephant

    Conservationists are challenging the UK government to ban the buying and selling of antique ivory, arguing Britain's inaction gives cover to illegal traders.

    World Business Report from the BBC World Service has more on the story.   

    Also, the French presidential election has been blown wide open after the front-runner was forced to apologise for paying his family with public funds. 

    We ask who could end up governing France and hear what businesses want the next president to do. 

    Plus, we look at why almost 100 US companies are taking President Trump to court. 

  6. Ryanair 'victim of its own niceness'

    BBC Radio 5 live

    Video content

    Video caption: Ryanair is reviewing second carry-on bag allowance as "abuse" is contributing to delays.

    It's been one of the most-read stories on the BBC website all day. 

    Ryanair told the BBC that it's been "too nice" with its two-bag carry on rule.

    Here is chief finance officer Neil Sorahan telling 5 live how some customers had taken advantage.

  7. Draghi warns Trump on weakening financial regulation

    Dan Thomas

    Business reporter

    ECB president, Mario Draghi

    The head of the European Central Bank has expressed concern over President Trump's plans to relax financial oversight of banks. 

    During a hearing in the European Parliament, ECB president Mario Draghi said a plan to relax the US Dodd-Frank Act posed risks to the financial system.

    "Frankly, I don't see any reason to relax the current regulatory stance which has produced a much, much stronger banking industry than we used to have before the crisis," he said. 

    On Friday, Mr Trump directed the US Treasury to look for potential changes in the law's provisions. He has said lighter regulations would encourage banks to lend more to small businesses.

  8. Super Bowl trailers whet fans' appetites

    Stills of: Guardians of the Galaxy Vol. 2; Stranger Things; Pirates of the Caribbean - Dead Men Tell No Tales

    The Super Bowl isn't just about American Football. Millions also tune in to see the year's biggest films and products during the ad breaks.

    So what did viewers see last night, besides one of the sport's greatest comebacks

    There were starry product adverts featuring Justins Bieber and Timberlake and Wonder Woman's Gal Gadot.  

    A zombie seagull, and Spanish actor Javier Bardem as a ghostly pirate, appeared in a "spot" for the fifth Pirates of the Caribbean film.

    And Netflix revealed the next Stranger Things series will debut at Halloween.

    For a breakdown of some of the treats that TV viewers in the US and Canada saw, click here.  

  9. Paris tries to seduce the City

    Simon Jack

    BBC Business Editor

    Eiffel Tower

    "When was the last time you thought of taking your partner for a nice weekend in Frankfurt?".

    That was one of the more memorable lines of a heavy sales pitch from politicians and business leaders from Paris. 

    A raiding party touched down in London this morning determined to cart off billions in business and tens of thousands of jobs to the French capital in the weeks and months ahead.

    Read more from Simon's blog here.

  10. Toymaker Hasbro shares rally

    Pie Face

    Shares in Hasbro have shot up nearly 15% in US trading today after the toymaker reported better than expected quarterly results.

    Disney princess dolls and board games - including the Christmas favourite Pie Face - sold particularly well.

    Hasbro's profit rose to $192.73m in the quarter, up from $175.76m a year earlier.  

  11. Fillon apologises over family payments

    Francois Fillon

    The French presidential candidate, Francois Fillon, has said he made an error of judgement in employing family members for parliamentary work. 

    But the centre-right nominee said the salary he had paid his wife was entirely justified.

    Mr Fillon has slipped behind centrist Emmanuel Macron in the polls as the candidate most likely to make it through to the final round against far-right candidate Marine Le Pen.   

  12. Markets hit by 'rising political risk'

    Angela Merkel

    Analysts put the lacklustre performance of France and Germany's stock markets down to the growing political uncertainty in both countries.

    "European markets have really struggled to make any headway today with investors once again reluctant to try their luck against a backdrop of rising political risk," said Michael Hewson, chief market analyst at CMC Markets.

    In France, far-right candidate Marine Le Pen continues to poll strongly, while reports suggest German Chancellor Angela Merkel faces a tight election later this year.

    "Investors are just starting to grapple with the political implications of a Germany without Merkel for the first time since 2005," said Jasper Lawler, an analyst at London Capital Group.

    "Traditional havens including gold, the Japanese yen and the US dollar were sought after whilst stocks, the euro and crude oil were shunned," he added.

  13. US stock markets dip lower

    Traders on the New York Stock Exchange

    How are US markets faring after Europe's main indexes finished in the red?

    Not much better. The Dow Jones is down 33 points at 20,039, while the S&P 500 is 7 points lower at 2,290 and the Nasdaq edged down 13 points to 5,654.

    Analysts said US stock markets were struggling to make gains with no economic data for investors to sink their teeth into and mounting uncertainty over President Trump's policies. 

  14. Three to buy UK broadband for £250m

    Three store

    Mobile operator Three has revealed its first big move since its attempts to buy rival O2 were thwarted by EU regulators last year.

    It's announced a £250m deal to buy UK Broadband, whose brands include Relish.

    UK Broadband only has 15,000 customers, but gives Three access to more 4G airwaves.

    It also paves a way for Three to enter the fixed-lined broadband market, where it can compete with the likes of BT, Talk Talk, Sky, and Virgin - all of which offer mobile services too.

  15. 'Still a risk' from Zafiras

    The chief executive of the Driver and Vehicles Standards Agency says there's "still risk out there" from Vauxhall Zafira cars.

    The "sheer fact that we're still asking questions" shows the DVSA is not entirely confident the issue is resolved, Gareth Llewellyn tells MPs.

    The body is "constantly pushing" Vauxhall for answers, he says, after a problem in some Zafira cars saw them catch fire. 

  16. 'Three potential fires in Vauxhall Corsa D'

    Burnt-out Corsa D car

    Vauxhall is aware of three potential fires involving its Corsa D cars, according to Thomas Berenz, director of global safety at Vauxhall owner General Motors.

    The problem was in a relay box linked to the car's brakes, he told MPs. 

    The carmaker has re-worked 3,000 out of 4,000 affected cars in the UK, he added.

    Mr Berenz and other executives were in front of MPs after a series of fires in Vauxhall's Zafira B models. At the end of last year, Watchdog investigated a spate of fires involving Vauxhall Corsa D models as well.

  17. FTSE finishes lower

    FTSE 100

    Stepping away from the Zafira hearing, let's take a quick look at the markets.

    The FTSE 100 finished 16 points, or 0.2%, lower after losing momentum in afternoon trading. 

    Analysts said some investors were moving money out of European stocks - and into safe haven assets like gold - amid rising political uncertainty. 

    Polls showed German Chancellor Angela Merkel's lead narrowing and, in France, the far-right candidate Marine Le Pen launched her presidential bid over the weekend. 

    Germany's Dax dropped 1.2% and France's Cac was 1.0% lower. 

  18. 'Some children too scared to get in a car again'

    Vauxhall executives

    Despite Vauxhall recalling thousands of Zafira cars, some customers still feel they are being poorly treated, says SNP politician Stewart Malcolm McDonald.

    "I can't think of another product in the United Kingdom at the moment where people have set up a campaign group and come to parliament to try and resolve it," he says. 

    "Some of them are sat behind you in the audience and listening to you.

    "Some of these people's children, for example, don't want to go in a car again. Some people have had their homes damaged as a result of this."