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  1. Get in touch:
  2. Unilever moves HQ to Rotterdam
  3. PZ Cussons warns over profits
  4. MPs call for end to unpaid shift work
  5. Cineworld profits jump 23%

Live Reporting

By Mary-Ann Russon

All times stated are UK

  1. Good night

    BBC Testcard

    That's it for Thursday on Business Live. We'll be back bright and early at 06:00 tomorrow.

    Do join us then for all the latest breaking news and analysis from the business world.

  2. GlaxoSmithKline estimates high Brexit costs


    Drug maker GlaxoSmithKline has estimated that Brexit will cost it as much as £70m over the next two to three years.

    According to its annual report, Glaxo also predicts that after Brexit, it will have additional annual costs of £50m, including additional customs duties and transaction or administration costs.

    The estimates are based only on the firm's initial assumptions of how much Brexit will cost, garnered from current available information.

    "Delivering these necessary but complex changes by March 2019 will be ambitious and potentially disruptive in the short term and we support efforts to secure a status quo transition period to minimise disruption," said Glaxo's chief financial officer Simon Dingemans.

    "Over the longer term, we continue to believe that Brexit will not have a material impact on our business."

  3. Dow closes slightly ahead

    Wall Street

    The Dow Jones Industrial Average has closed slightly higher, rising 115 points to 24,874.

    The S&P 500 fell 2 points to 2,747.

    The tech-heavy Nasdaq was lower, slipping 15 points to 7,482.

  4. White House to remain 'tough on Russia'

    Sarah Sanders

    The White House has said it intends to maintain tough policies against Russia until Moscow changes its behaviour.

    On Thursday, the US imposed more sanctions on Russian individuals for allegedly meddling in the US election. However, the government did not come down on oligarchs and officials close to Putin, which prompted some criticism.

    "I think you can see from the actions we've taken up until this point we're going to be tough on Russia until they decide to change their behaviour," White House spokeswoman Sarah Sanders told a regular briefing after being asked if Russian President Vladimir Putin was "playing" Trump.

  5. Unilever leaving UK due to 'icy relations'

    Unilever chief executive Paul Polman

    Unilever is apparently moving its global headquarters from London to Rotterdam in the Netherlands due to alleged icy treatment from UK prime minister Theresa May.

    According to the FT, Ms May refused to take calls from Unilever's chief executive Paul Polman - and many other firms - or to meet with him, when Kraft Heinz issued its hostile takeover bid after the Brexit vote.

    Ms May was allegedly trying to distance herself from big business in order to make herself look closer to working families.

    Where the UK government was icy in Unilever's time of crisis, the Dutch government was welcoming and willing to lower corporation tax, as well as scrapping a dividend tax.

  6. Coutts star banker in sexual harassment claims

    Coutts flags

    A star banker at Coutts, the private bank used by the Queen, is at the centre of a series of complaints about sexual harassment.

    Harry Keogh was accused of lewd comments, heavy drinking and unwanted physical contact.

    According to a Wall Street Journal report, following an internal investigation, the chief executive recommended that he leave the bank.

    Although he received a final written warning, Mr Keogh is still at Coutts.

  7. The US is blaming Russia too

    BBC's business reporter Joe Miller tweets about the US Treasury openly blaming Russia for the Skripal poisoning incident...

    View more on twitter
  8. Argos and Smyths to gain the most from Toys 'R' Us closure

    It might surprise you, but Amazon isn't the top winner from the close of Toys 'R' Us in the UK, according to research firm GlobalData Retail....

    View more on twitter
  9. CMC Markets launches cryptocurrency trading

    Bitcoin graph

    UK online trading platform CMC Markets has announced that it has launched cryptocurrency trading.

    CMC Markets' professional client base will be able to partake in contracts for differences (CFDs) and spreadbetting.

    These are financial products that give an investor exposure to price movements in securities without actually owning the underlying assets such as a currency, commodity or stock.

    In the US, CME, the world's largest futures exchange, launched bitcoin futures on Wall Street in December.

  10. Trump 'admitted making up figures to Justin Trudeau'

    Justin Trudeau and President Donald Trump

    US President Donald Trump admitted making up trade figures in a meeting with Prime Minister Justin Trudeau, according to the Washington Post.

    At a private fundraiser, he reportedly said he insisted to Mr Trudeau the US had a trade deficit with Canada, though he had "no idea" if it was true.

    Mr Trump maintained in a tweet the US does have a trade deficit with Canada.

    But the US Department of Commerce says the US ran a $2.8bn (£2bn) trade surplus with Canada in 2017.

    Reality Check: Is Trump right about US trade deficit?

  11. ESPN's president stepped down after being extorted

    ESPN's former president John Skipper

    ESPN's former president John Skipper says he was forced to resign his position in December due to an extortion plot concocted by his cocaine dealer.

    Mr Skipper told the Hollywood Reporter in an exclusive interview that he, his family and his professional life were put at risk.

    He says he never used cocaine at work, and after discussing the issue with Disney's chief executive Bob Iger, he realised that he had put Mr Iger in "an untenable position" and as a result, he needed to resign.

    "I never cry personally. That’s the only day that I cried. And I cried because I realised the profundity of what I’d done to myself, to my family, and that I’d given up the best job in sports on the planet," he told the Hollywood Reporter.

  12. Spotify says its path towards profits is clear

    Spotify logo and Apple ear pods

    Online music streaming service Spotify has told investors that its path to profitability is clear, despite the fact it is still making a loss.

    Spotify's revenue grew 39% to €4.09bn in 2017, from €2.95bn in the previous year.

    However, at the same time its operating losses grew from €349m to €378m in 2017.

    "Operating losses have grown with revenue, but the trend towards profitability is clear when you look at operating losses as a percentage of revenue," the company said in an investor presentation.

    On Thursday, Spotify is holding a public webcast to woo investors ahead of it listing on the New York Stock Exchange in early April.

  13. Stephen Hawking's advice for a 'fulfilling career'

    Stephen Hawking

    In a 2010 interview with American journalist Diane Sawyer on ABC World News, Sawyer asked renowned scientist Stephen Hawking what advice he’d give to his children.

    One of the pieces of advice he said was: “Work gives you meaning and purpose, and life is empty without it.”

    So what do career and leadership experts think?

  14. BreakingRihanna hits out at Snapchat

    Rihanna and a Snapchat logo

    Rihanna has accused Snapchat of "intentionally" shaming victims of domestic abuse.

    The singer was the subject of an advert on the platform which asked users if they would "rather slap Rihanna or punch Chris Brown".

    The ad, which was for a game, appeared to reference Chris Brown's conviction for assaulting Rihanna in 2009 while they were dating.

    Rihanna posted a lengthy comment on an Instagram Story saying she was "trying to figure out what the point was with this mess".

    "I'd love to call it ignorance, but I know you ain't that dumb," she wrote.

  15. London closes slightly ahead

    London Stock Exchange

    London shares have closed slightly ahead, thanks to gains in financials, healthcare and industrials, which off-set the losing streak of the last three days, as consumer goods giant Unilever announced that it will give up its London headquarters and move its base to the Netherlands.

    The FTSE 100 gained 7 points or 0.1% to 7,139.76, led by Standard Life Aberdeen, rising 1.8% to 372.6p following the news it is setting aside £35m to pay for investment research.

    Meanwhile the FTSE 250 edged up 8.3 points or 0.04% to 19,828.41. Top of the winners was Hikma Pharmaceuticals, climbing 19% to £11.05, despite the fact it reported a loss due to its asthma inhaler alternative being rejected by the US Food and Drug Administration (FDA) until 2020.

  16. Apple responds to 'abusive business practices' claim

    Apple has sent the BBC a response to French finance minister Bruno Le Maire's accusation that Apple and Google are engaging in "abusive business practices" that are detrimental to French start-ups.

    "We are proud to have strong relationships with tens of thousands of developers across France, who have earned €1bn on the App Store," an Apple spokesperson said.

    "Many of these talented developers began their companies with one or two people and have grown into larger teams that offer their apps to users in up to 155 countries. This was only possible due to the investment Apple makes in iOS, developer tools, and the App Store.

    "Apple has always stood for user privacy and security and does not have access to user transactions with third party apps. We look forward to telling our story to the French courts and clearing up this misunderstanding.

    "In the meantime, we will continue to help French developers achieve their dreams and assist French students learning to code by offering our coding curriculum."

  17. Apple and Google in trouble in France

    French finance minister Bruno Le Maire

    Apple and Google are embroiled in a row with the French government over how app developers are treated when they sell their apps to the two companies' app stores.

    France's finance minister Bruno Le Maire claims that Google and Apple have "abusive business practices" and are imposing unfair conditions on French start-ups.

    He said that the two firms "gather data" about the start-ups and "can unilaterally modify contracts".

    "I consider that Google and Apple, as powerful as they are, shouldn't treat our start-ups and our developers in the way they do today," Mr Le Maire told RTL Radio.

  18. Payment fraud: Millions lost in money transfer trick

    Video content

    Video caption: 'We lost £300,000 through payment scam'

    Victims of a fraud which leads them to transfer money to a con-artist are typically losing nearly £3,000 each, new figures show.

    The cost of so-called authorised push payment fraud has been calculated by UK Finance, the banking trade body.

    A total of £236m was lost last year, with banks unable to return nearly three-quarters (74%) of the money lost.

    Victims think they are transferring money to someone official, such as a solicitor.

  19. Where do women earn more than men in the US?

    A new analysis by Stateline, a publication of the Pew Charitable Trusts, found only seven communities across the country where women make significantly more than men.

    Video content

    Video caption: The seven places where women earn more than men in US