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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Dow Jones opens above 21,000 points
  3. FTSE 100 rises 1.5% as sterling nears $1.23
  4. UK manufacturing growth dips
  5. Mitie offloads care homes for £2

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Test card F

    Thank you for joining us today on Business Live.

    We'll be back tomorrow morning at 6.00am sharp - we look forward to hearing from you then.

  2. Snapchat owner 'prices shares at $17'

    Snapchat

    Snap, the owner of instant messaging app Snapchat, has priced its shares at $17 ahead of its flotation on Thursday, Reuters reports. 

    The initial public offering is expected to values the California-based business at $24bn despite the fact the company has never made a profit .

  3. How the good times roll in Australia

    Australia has avoided an economic downturn for a quarter of a century. How has the country managed it?

    The BBC investigates...

    Video content

    Video caption: Australian economy has been recession-free for 25 years
  4. Dow blasts through 21,000 mark

    The Dow has blasted through the 21,000 mark for the first time after US President Donald Trump's first speech to Congress lifted optimism.

    The Dow Jones Industrial Average rose 303.31 points, or 1.46%, to 21,115.55, the S&P 500 gained 32.31 points, or 1.37%, to 2,395.95 and the Nasdaq Composite added 78.59 points, or 1.35%, to 5,904.03. 

  5. Dow blasts through 21,000 mark

    The Dow blasted through the 21,000 mark for the first time on Wednesday after US President Donald Trump's first speech to Congress lifted optimism.

    The Dow Jones Industrial Average rose 303.31 points, or 1.46%, to 21,115.55, the S&P 500 gained 32.31 points, or 1.37%, to 2,395.95 and the Nasdaq Composite added 78.59 points, or 1.35%, to 5,904.03. 

  6. Boots to keep slimmed-down photo labs

    Boots

    Boots may be closing some photo labs but that doesn't mean they are all disappearing.

    Boots said it would continue offering photo services through the remaining 100 photo labs as well as 3,000 instant photo kiosks at 1,000 of its stores.   

    They will be supported by a centralised photo facility in Nottingham. 

    The closure of 220 out of 320 labs means 400 workers face losing their jobs. 

    A spokesperson for Boots says: "Our focus will now be on supporting any impacted colleagues through this, as we continue to transform our photo offer."

  7. Dollar retains strength on possible March rate rise

    Dollar bills

    The dollar maintained its strength against a number of currencies on Wednesday as market watchers lent towards expectations of an interest rate rise this month.

    Richard Franulovich, a senior currency strategist at Westpac Banking, pointed to comments made by US Federal Reserve members William Dudley and John Williams.

    He said: "Williams and Dudley are very strongly signaling the fact that March is a live meeting, and that's occurring against the backdrop of consistently strong [economic] numbers."

    Vassili Serebriakov, foreign exchange strategist at Credit Agricole, said: "The story has been an aggressive reprising of the March Fed hike. That's where the dollar has been taking cues from."

  8. Greenspan: Trump populism 'a cry of pain'

    Video content

    Video caption: Greenspan: Trump populism 'a cry of pain'

    Donald Trump's populism is "not an economic policy" but instead is "a cry of pain", says former Federal Reserve chair Alan Greenspan.

    Mr Trump will not manage to attain 3% economic growth, as promised, but deregulation will help markets, he tells the BBC's Katty Kay. 

  9. Dear Travis...keep it together

    Uber chief executive Travis Kalanick has been forced to apologise over his treatment of a driver with the company, and says he needs " leadership help".

    The BBC has some suggestions for him... 

    View more on twitter
  10. FTSE relegation casts shadow over merger

    Dixons Carphone

    It has only been three years since Dixons and Carphone Warehouse announce their £3.8bn merger but the combined group is set to tumble out of the FTSE 100.

    Russ Mould, investment director at AJ Bell, says: "Dixons Carphone’s demotion from the blue chip index follows a rough period due to concerns over how Brexit will affect UK consumer confidence and the ongoing battle within the retail industry between bricks and clicks."

    He adds: "Relegation ends a 19-year run in the FTSE 100, and clouds the legacy of the 2014 Dixons-Carphone Warehouse merger but boss Sebastian James will be looking to bounce back, just as Dixons has twice before following two previous demotions from the FTSE 100 [in 1985-88 and 1995-98] since its initial entry in 1985.

  11. Capita's 'self-inflicted' problems

    Capita share price over 12 months

    Capita first entered the FTSE 100 some 17 years ago and, barring a brief spell in the FTSE 250 from 2003 to 2004, has been there ever since.

    Until now.

    Russ Mould, investment director at AJ Bell, says Capita's exit from the FTSE 100 is "largely self-inflicted".

    He says the support services company has joined sector peers G4S, Serco, Interserve and Mitie "in dishing out hefty profit alerts as big, complex projects prove difficult to manage and cash begins to flow out of these deceptively capital intensive businesses, where new tenders soak up money and require a good flow of wins to cover the costs".

  12. Dixons Carphone and Capita dropped from FTSE 100

    The FTSE 100 will have two new companies following the quarterly review of the blue chip share index.

    Rentokil Initial and Scottish Mortgage Investment Trust have been promoted while Dixons Carphone and Capita have been relegated. 

    Only 30 of the original FTSE 100 from 1984 still remain in the index.

  13. SFO calls in ex-Lloyds traders in Libor probe

    The Serious Fraud Office (SFO) has called in former traders from Lloyds Banking Group for questioning in connection with a long-standing investigation into alleged Libor manipulation.

    Bloomberg reports that the traders have been asked to come un under caution, which means they will be read their rights and anything they say may be used in court.

  14. Scooting to Athens

    Chris Johnston

    Business reporter

    Scoot plane

    If you were an Asian budget airline starting to offer long-haul flights to Europe, Athens may not be the first city that springs to mind as an initial destination.

    That, however, is not the way Scoot - an offshoot of Singapore Airlines - is thinking.

    "Athens will be our first destination to Europe, a good spot for us to expand our network," says  Lee Lik Hsin, boss of Budget Aviation Holdings, which manages Scoot and its sister airline Tigerair.

    "There will be further routes to connect Europe with Asia Pacific but not at major capitals, where competition is already keen," he added.

    Scoot will start flying to Athens on 20 June 20 with four flights a week on Boeing Dreamliner 787 planes.

  15. McDonald's to speed up ordering

    McDonald's

    McDonald's is determined to win back customers so the fast food chain is introducing "mobile order and pay".

    It hopes this speedier way of ordering via a mobile phone will increase footfall at is restaurants, which has been declining for a number of years. 

    The feature will only be available in the US later this year at its 14,000 outlets. But, who knows, if it does well McDonald's might want to roll it out worldwide.

  16. Practice makes perfect for Trump

    Donald Trump's speech to Congress last night has done wonders for US and UK stock markets today.

    And this video shows that the US President was determined to get it right.

    Video content

    Video caption: Donald Trump filmed 'rehearsing' Congress speech in his car
  17. Boots photo lab closures put 400 jobs at risk

    Boots

    Yet more potential job losses have emerged today, following announcements from car-manufacturer Ford and Walkers , the crisp-maker owned by PepsiCo.

    This time Boots is threatening to cut 400 employees amid plans to close 220 of its 320 in-store photo labs across the UK.

  18. Bull run set to continue in year ahead

    Markets traders

    We can expect the bull run on stocks markets to continue in 2017, according to Tom Stevenson, investment director at Fidelity International.

    He said: "Since last year’s low of 5,537 [on 11 February], the FTSE 100 index is up 1,846 points, or 33%."

    He added: "Despite worries about the imminent Brexit negotiations, the growth outlook is positive on both sides of the Atlantic and bond yields should continue to rise. That will make equities more interesting than fixed income. The post-2009 bull market is long in the tooth but I expect it to continue this year.”