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Summary

  1. Asian stocks fall after N Korea nuclear test
  2. FTSE 100 and European markets also lower
  3. WTO overturns Boeing tax ruling
  4. McDonald's suffers first UK strikes
  5. Get in touch: bizlivepage@bbc.co.uk

Live Reporting

By Dan Macadam

All times stated are UK

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  1. Post update

    That's all from the first Business Live of the week. We'll be back as usual from 6am tomorrow.

    Goodnight.

  2. Production lines

    Aerial shot of the number 4m spelt out in cars

    The four millionth Vauxhall Astra has rolled off the production line at the firm's Ellesmere Port factory. Some 236 of the cars were used to spell out the figure to mark the achievement.

    The Cheshire plant has been making the Astra since 1979. Nearly 2,000 people are currently employed at the site, which produces around 680 Astras every day.

    The Astra is the sixth most popular new car for UK motorists this year, with more than 34,000 registered between January and July, according to figures from the SMMT trade body.

  3. Bell Pottinger 'disputes ruling basis'

    James Henderson

    A bit more on the decision against UK public relations firm Bell Pottinger.

    The company said it "acknowledged" the decision by the UK's PR trade body - PRCA - to revoke its membership, but "disputes the basis on which the ruling was made".

    It said: "The overwhelming majority of our partners and employees played no part in the Oakbay Capital account and have not been accused of breaching the PRCA code. Many of them will now consider applying for individual membership."

    Bell Pottinger's chief executive James Henderson (pictured) quit over the controversy last night. The PRCA said the firm has a 50/50 chance of surviving.

  4. McDonald's in bulgogi burger investigation

    McDonald's sign

    The US fast food chain has already been in the headlines for the first ever strike in its UK workforce (albeit less than 0.01%).

    And McDonald's has also made news in South Korea for a government investigation into a possible food contamination case.

    The company said it's cooperating with the investigation after halting sales of its bulgogi burger (which is marinated in a traditional Korean sauce).

    Seven school pupils and a teacher who ate bulgogi burgers last month reportedly suffered stomach aches and high fever, according to The Korea Herald.

  5. French firm 'eyes UK software takeover'

    Oil rig

    UK engineering software company Aveva is a target for French group Schneider Electric, according to reports by the FT and Sky News.

    Aveva supplies software to industries including oil and mining. The complicated deal would see Schneider contribute its own software division and pay Aveva shareholders £500m compensation, the reports said, citing sources.

  6. What did Bell Pottinger do?

    Jacob Zuma

    Bell Pottinger worked on a campaign for Oakbay Capital, a South African company owned by the country's wealthy Gupta family.

    The campaign emphasised the power of white-owned businesses and used the hashtag, #WhiteMonopolyCapital.

    In its ruling, the UK public relations trade body found the work was "likely to inflame racial discord in South Africa and appears to have done exactly that".

    South Africa's main opposition party - which filed a complaint with the UK's PR body - claimed the campaign was designed to boost South Africa's president Jacob Zuma (pictured).

    Mr Zuma has faced corruption allegations and suspicion over his ties with the Guptas, although they have consistently denied all allegations.

  7. BreakingBell Pottinger kicked out of trade body

    One of the UK's best-known public relations firms has been expelled from the industry's trade body for its controversial work in South Africa.

    Bell Pottinger was found by the Public Relations and Communications Association to have broken industry codes with a campaign which critics said incited racial tensions.

    Francis Ingham, director general of the trade bodysaid Bell Pottinger had brought the industry "into disrepute" and received the "harshest possible sanctions".

    The company said it "accepts that there are lessons need to be learned".

  8. Pound loses ground against euro

    Pounds and euro coin

    Back to the financial markets, and the pound slipped half a percent against the euro today to 1.0866 euros.

    Analysts said the euro was seen as a flight to safety for investors unnerved by North Korea's latest nuclear test.

    They also said the start of debates this week on the UK's bill to leave the EU had brought Brexit concerns back into focus.

    "If we manage to get through this bill without any major hiccups, you would expect sterling to get a bit of reprieve from that," said ING currency strategist Viraj Patel.

  9. Texas pushes on with Harvey recovery

    Flooded Arkema plant in Crosby, Texas

    Authorities in Texas have lifted an evacuation order for the area around a chemical plant that set fire during Storm Harvey, in the latest signs of recovery after last week's tropical storm.

    Chemical containers started igniting last week after power outages caused by heavy flooding cut off cooling systems at the Arkeda plant (pictured).

    Meanwhile, a major fuel pipeline in Texas is due to resume operations tomorrow. Storm Harvey took up to a quarter of the US oil refining capacity offline and drove up fuel prices.

  10. Vroom, vroom...

    Ducati Teams Italian rider Andrea Dovizioso leads Repsol Honda Team's Spanish rider Marc Marquez during the MotoGP race of the British Grand Prix at Silverstone circuit in Northamptonshire, England, on August 27, 2017.

    Reuters has an interesting report.

    The German car firm Volkswagen has suspended for the time being the 1.5bn euro ($1.8 bn) sale of Ducati motorcycles.

    Why? Apparently it is due to opposition from German trade unions (who have a very big say in the VW board) and internal management differences as to whether the sale is a good idea or not.

    VW owns Ducati - based in Bologna - via its Audi business.

    A source is quoted as saying: "At this stage it is highly unlikely that negotiations will be resumed this year."

  11. Barnier back-tracking?

    Michel Barnier address a joint press conference on the Brexit at the EU headquarters in Brussels on September 4, 2017. The EU"s chief Brexit negotiator said on September 4 he did not want to "teach lessons" to the British people, apparently seeking to calm a row over the talks on Britain"s departure from the bloc.

    The EU's leading Brexit negotiator, Michel Barnier, has "clarified" his weekend comments which were widely interpreted as a threat to teach the UK a lesson for daring to leave the EU.

    Today he told a BBC reporter, outside the European parliament in Brussels, that he had meant Brexit "was an occasion of great explanation for everyone in the EU".

    The reporter, Adam Fleming, said: "I understand he was talking about explaining the benefits of membership of the single market to a broad European audience and not specifically to the UK."

    Now we know.

  12. Failed start-ups of 2017

    Yik Yak logo

    With the demise of the Juicero juicing machine, the BBC tech desk has asked what other tech start-ups we've said good bye to this year.

    It picks out anonymous messaging app, Yik Yak, which was valued at $400m at one time. The platform was hugely popular with college students but it was also plagued with incidents of online harassment and bullying.

    Also mentioned is autonomous drone firm Lily - which shut down in January with $34m in pre-orders which it promised to refund.

  13. Juicero feels the squeeze

    Juicero machine

    The firm behind a juicing machine which was widely mocked on social media has announced it is shutting down. Juicero attracted scorn when it was revealed that the pouches of fruit and veg which it turned into juice could easily be squeezed by hand.

    Twitter users were quite to draw comparisons with the infamous Juice-Loosener from The Simpsons (below). The US firm, which raised around $120m to develop the machine, has now said it couldn't create an effective distribution system on its own.

    View more on twitter
  14. US urges N Korea sanctions

    Nikki Haley

    North Korea's testing of what it claimed to be a hydrogen bomb has prompted an emergency meeting at the United Nations and cast a shadow over stock markets today.

    The US ambassador to the UN, Nikki Haley, has urged the Security Council to take the strongest possible measures against North Korea.

    She said the rogue state "has slapped everybody in the face" with its latest nuclear test.

    The US plans to circulate a new resolution on North Korea this week and wants a vote next week by the Security Council.

  15. UK superbug firm raises £15m

    Antibiotic-resistant bacteria

    A British pharmaceutical firm which is developing drugs to target antibiotic-resistant superbugs has raised £15m by listing shares on London's AIM market.

    Destiny Pharma said the money would go towards funding a clinical trial for its leading candidate for a drug to prevent post-surgical infections including MRSA.

    Its shares rose more than 40% at their peak on the first day of trading. Brighton-based Destiny also announced a deal to commercialise its drugs in China.

  16. 'China the bigger threat for plane makers'

    Boeing has claimed victory over Airbus in a WTO tax ruling

    Simon Jack

    BBC Business Editor

    Boeing factory

    Game, set but not quite match to Boeing in this bitter 13-year battle. This particular dispute is now over, but there are two other cases pending to keep the lawyers busy.

    The world's biggest trade dispute has taught us a few things over the years, especially that making planes is very expensive.

    All major planemakers receive subsidies from governments - neither Boeing nor Airbus would exist without them. How much they get and in what form has kept these two at loggerheads.

    But the biggest challenge to both these companies may yet come from the mother of all state subsidisers: China. If it's subsidies you don't like, then they must hate the state-owned Commercial Aircraft Corporation of China.

  17. FTSE finishes lower

    FTSE 100

    The FTSE 100 has dropped a bit further in the closing minutes to finish at 7,411 points. That's a fall of 27 points, or 0.4%, on the day.

    Gold miners Fresnillo and Randgold were among the main companies to buck the trend amid concerns about North Korea's growing nuclear capabilities. The price of gold - seen as a safe haven asset - rose $16 an ounce to $1,334.

  18. Wall Street closed

    New York Stock Exchange

    In case you're wondering what's happening on the US markets, they're closed for the annual Labor Day holiday.

    They'll reopen tomorrow with the Nasdaq at a record high of 6,435 points. The Dow Jones finished just below 22,000 points on Friday, while the S&P 500 was at 2,476.

  19. Traders 'getting used' to N Korea tension

    Kim Jong-Un

    All of Europe's major stock indexes are in the red this afternoon - with analysts saying markets are concerned by North Korea's claims of a successful hydrogen bomb test.

    But the falls are relatively muted. The FTSE is down 0.3%, Germany's Dax is 0.2% lower and France's Cac has also dropped by 0.3%.

    One analyst suggested traders were getting used to the rogue state's threats of nuclear warfare.

    Quote Message: Traders are clearly nervous, as stocks are lower, but the sell-off today hasn’t been as bad as previous ones. This suggests that dealers are getting somewhat used to the situation. The fear-factor is certainly doing the rounds, but investors' nerves are a bit more resilient this time around. from David Madden Analyst at CMC Markets
    David MaddenAnalyst at CMC Markets
  20. Airbus: Spat is 'far from over'

    Airbus plane

    Now for Airbus' turn, and it's suggested the dispute with Boeing is, in fact, far from over.

    Airbus "reiterates its long-stated view that this transatlantic spat" can only be resolved if there's a global agreement on government support for aeroplane makers, it says in a statement.

    It also says a separate WTO ruling found that Boeing did receive some illegal aid for building its yet-to-be released 777X aircraft.

    "The 'game' is far from over," said Rainer Ohler, Airbus executive vice president communications.