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  2. Shire accepts Takeda takeover offer
  3. House prices fall 3.1% in April
  4. FirstGroup shares dive after Apollo drops takeover bid

Live Reporting

By Tom Espiner

All times stated are UK

  1. Hold - Good night

    That's all from the Business Live page for another day. See you again tomorrow from 06:00.

  2. US stocks end flat after Trump exits Iran deal

    Wall Street traders

    Wall Street stocks finished essentially flat as investors tried to assess the potential fallout from President Donald Trump's decision to pull the US out of the Iran nuclear accord.

    The Dow Jones ended the session at 24,360.2, just a hair above Monday's close. The broad-based S&P 500 slipped less than 0.1% to 2,671.92, while the tech-rich Nasdaq edged higher to 7,266.9.

  3. Wiped out

    Wet wipes, used for sticky fingers and removing eye make-up, as well as on other parts of the anatomy, could themselves be wiped out over the next couple of decades.

    The government says its plan to eliminate plastic waste "includes single use products like wet wipes".

    The wipes contain non-biodegradable plastic.

    So manufacturers will either have to develop plastic-free wipes or consumers will have to go without.

    Read more here.

  4. First quarter profits surge at E.on


    Profits at German energy provider E.on leapt in the first quarter as the firm added 50,000 more customers in its home market.

    The group, which has seen two years of huge losses, reported adjusted net profits of 727m euros between January and March - up 38% on last year. That was despite an 11% slide in sales caused partly by new accounting rules.

    Like other European power firms, Eon has been battered by low wholesale electricity prices and competition from subsidised renewable energy.

  5. Google AI to make calls for you

    Google developers' conference

    Google has unveiled artificial intelligence software that books appointments over the phone on behalf of users by conducting voice-based conversations on their behalf.

    Chief executive Sundar Pichair said that Google Duplex would launch as an "experiment" over the coming weeks.

    The facility was unveiled at the firm's annual IO developers conference (above).

    Experts have said that if it works it could give the firm a major advantage over rival virtual assistants.

    Pre-recorded demonstrations played back to the audience featured the software first booking a haircut and then making a restaurant reservation by speaking to two human employees.

  6. Brent recoups majority of losses after Trump quits Iran nuclear deal

    Oil engineer with valve

    Brent crude futures briefly turned positive before straying back into negative territory after US President Donald Trump said the US will withdraw from a 2015 international agreement designed to deny Iran the ability to build nuclear weapons and said the US will institute the "highest level" of sanctions on Iran.

    "As an energy investor, Trump announced everything that one could possibly have wanted him to say," said Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners in Toronto.

    "It gives one confidence that there could be a reduction in the physical movement of barrels and this also puts at stake the medium and long-term growth ambitions of Iran to grow their production and capacity."

  7. Boeing 'not dependent' on Iran deals

    So what does the re-imposition of US sanctions on Iran mean for US companies? Not that much, the firm has said.

    Boeing had previously signed deals worth nearly $20bn with Aseman airlines for 30 737 jets and with Iran air for 80 aircrafts – including 5 777-300ERs and 15 777-9s.

    However, in a Boeing earnings call on 25 April, chief executive Dennis Muilenburg said: "We've ensured that from a skyline management standpoint and from a production systems standpoint, we are not dependent on those aircraft."

    The broad line on the call was that if the contracts come to fruition it would be a win, but if they didn't Boeing wasn't reliant on those contracts.

    There are going to be 90 day and 180 day wind down periods for Iran contracts.

  8. Lagarde: Argentine discussions 'will be pursued in short order'

    Christine Lagarde

    Argentina is seeking a financing deal with the International Monetary Fund to try to stabilise its finances after two weeks of financial market volatility that saw the peso hit new lows and the central bank jack interest rates up to 40%.

    Christine Lagarde, managing director of the IMF, said: "Discussions have been initiated on how we can work together to strengthen the Argentine economy and these will be pursued in short order."

  9. Wall Street remains lower after Trump quits Iran deal

    Wall Street remained in negative territory on Tuesday while energy stocks cut earlier losses after US President Donald Trump said the United States would ditch the Iran nuclear deal, confirming what many investors had expected.

    The Dow Jones Industrial Average was down 0.34% at 24,273.85 points, while the S&P 500 had lost 0.38% to 2,662.39. The Nasdaq Composite dropped 0.27% to 7,245.33.

  10. Brent crude pares losses after Trump announcement

    Oil price

    Brent crude prices have risen, but remain in negative territory after US president Donald Trump said he was pulling his country out of the Iran nuclear deal.

    But the descent in the price of New York crude accelerated after the announcement.

  11. BreakingTrump ditches Iran deal

    US president Donald Trump has announced that the US will withdraw from the Iran nuclear deal, which he described as having a "decaying and rotten structure".

    He said Iran would be subject to the "highest level of sanctions".

    "America will not be held hostage to nuclear blackmail," he said.

  12. Argentina to begin IMF talks

    Daniel Gallas

    BBC South America business correspondent

    A man watches the currency exchange values in the buy-sell board of a bureau de change in downton Buenos Aires

    The president of Argentina announced on Tuesday his country began talks with the IMF to establish a credit line.

    The country is facing a run on its currency and recently increased its interest rates from 27.5% to 40%.

    It has been using its reserves to fight off devaluation, but it is believed more money from the IMF will be needed to contain the crisis.

    In a recorded television statement, President Mauricio Macri said Argentina is suffering with high oil prices and expectation of changes in interest rates in the US.

    So his country will begin immediate talks with the IMF to establish a credit line.

    Last week, interest rates were raised to 40% to contain a run on the national currency, the peso.

    Analysts say Argentina's failure to cut its national spending and bring down inflation are partly to blame for the current crisis.

    Argentina and the Monetary Fund have a rocky relationship.

    In 2006, the country broke off relations with the IMF - blaming it for a severe debt crisis.

    It was only two years ago that an official delegation was finally invited back to Buenos Aires.

  13. Oil rises after Trump move reports

    Brent crude oil futures prices are rising, albeit not by much, after reports that US President Donald Trump is to pull the US out of a nuclear deal with Iran.

    Mr Trump has been highly critical of the 2015 accord, under which Iran limited its nuclear activities.

    Mr Trump re-imposing sanctions would reduce global crude supplies and could feed tensions in the Middle East.

    Brent crude is trading at about $74.42 per barrel, a drop of 2.3%.

  14. Comcast 'preparing to gate-crash Disney-Fox party'

    Actors dressed as Mickey and Minnie Mouse

    US media giant Comcast is preparing to make an all-cash offer of $60bn for the assets 21st Century Fox has agreed to sell to Walt Disney for $52bn, Reuters reports.

    Comcast chief executive Brian Roberts will only go ahead with the bid if a US federal judge allows AT&T’s planned $85bn acquisition of Time Warner to go ahead, the news agency says.

  15. Argentina in talks with the IMF

    Daniel Gallas

    BBC South America business correspondent

    Mauricio Macri

    The President of Argentina, Mauricio Macri, said a few minutes ago his country is in talks with IMF – and the country will require financial help.

    Speaking on television, Mr Macri said he spoke to Cristine Lagarde “a few minutes ago” and decided to start talks for the IMF to “establish a line of financial help”.

    He said talks start today and will give Argentina "support to face new financial reality" and "avoid crisis like the ones we had in our history".

    Argentina has been sharply hiking rates to try to get inflation down.