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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Former Autonomy boss indicted for fraud
  3. Kier in £250m rights issue
  4. Oil price falls
  5. Kendal's 'saved'
  6. Rail fares to rise by 3.1% from 2 January
  7. House prices rise 1.9% in November
  8. World leaders gather at G20 summit in Argentina

Live Reporting

By Jill Treanor

All times stated are UK

  1. That's all folks

    Business Live will be back bright and early on Monday. Until then, enjoy your weekend.

  2. Barra heads to Washington

    GM logo

    Mary Barra, the chief executive of General Motors, is reportedly heading to Capitol Hill next week in the wake of the row sparked by the car makers decision to shut plants and cut 15,000 jobs.

    Donald Trump has said that if tariffs were imposed on imported cars then GM might not need to undergo such a radical restructuring.

    Two of the plants being closed are in Michigan and Ohio and Ms Barra is expected to meet with politicians from both states.

  3. Marriott slumps

    Finger on keyboard

    What's happened to shares in Marriott International, which earlier today admitted records of 500 million customers had been involved in a data breach?

    The data breach took place at its Starwood operation, which it bought in 2016.

    The shares have slumped 5.5% by the close of trading tonight.

  4. Wall Street ends week higher

    Flags on Wall Street

    Rising hopes that China and the US can find a solution to their trade row helped US indexes each end 0.8% higher.

    The Dow Jones Industrial Average closed just shy of 200 points up to end the week at 25,538.46, a 0.8% gain.

    The S&P 500 gained 21.52 points, or 0.8% to 2,759.28 while the tech-heavy Nasdaq Composite index made it a trifecta by also gaining 0.8% to 7,330.54 after adding 57.45 points.

  5. Tesla hits 1,000 a day

    Tesla charging

    Tesla has met its production target of 1,000 Model 3 cars per day.

    That's according to website Electrex.

    It quotes an email from founder Elon Musk, indicating that production levels needed to be maintained: “If you are able to help in any way with getting Model 3 production to a steady 1,000 per day at excellent quality, everyone at the company should please consider this their top priority. Body production currently appears to be our limiting factor, so it needs the most support right now. Please focus on simplification and reducing cycle time first and then uptime.”

  6. Women's state pension changes to get legal review

    Kevin Peachey

    Personal finance reporter

    A campaign group representing women born in the 1950s has won the right to a judicial review into changes to their state pension age.

    A High Court judge has granted a review into how the government handled the raising of the pension age from 60.

    Joanne Welch, from the BackTo60 group which brought the case, said she was "absolutely delighted" with the ruling.

    The Department for Work and Pensions (DWP) said it would not comment on live legal proceedings.

    For more than 60 years - up until 2010 - women received their state pensions at the age of 60, but that has been rising ever since.

    Some women born in the 1950s, who had been expecting to get a state pension at the age of 60, claim they did not know about plans to delay their pensions.

    Read on.

  7. Trump talks

    containers

    Donald Trump has been talking about his upcoming talks with Chinese President Xi Jinping.

    According to reports, the US President said "something could very well come out" of his meeting with his Chinese counterpart which is due to take place on the sidelines of the leaders' summit.

    Earlier, a Chinese official had said "consensus is steadily increasing".

  8. Dundee factory 'will definitely close'

    Michelin

    Michelin has confirmed its Dundee factory will definitely close despite efforts to keep it open.

    The tyre manufacturer announced earlier this month that it will close the site with the loss of all 845 jobs by 2020.

    Finance Secretary Derek Mackay said the firm had agreed to "look again at the numbers" - but had again concluded the site was not viable.

    He said the aim was now to re-purpose the site to create new jobs for its workers.

    There's more here.

  9. Carefully budgeted...

    Bank of England

    The Bank of England's summer party for staff cost nearly £100,000.

    The figure has been revealed after a freedom of information request by the Press Association.

    Held in July at its sports ground in Roehampton, London, the party included a bake-off, fun run, a treasure hunt, bouncy castle and a performance from the Bank's choir and band.

    The Bank said the "Governors' Day" summer party was "carefully budgeted".

    "Governors' Day is a long-held tradition that is open to all employees including their families, with the aim of recognising their hard work and dedication"

  10. Dow's up

    dow chart

    Stock market update.

    The Dow Jones index has nudged up into positive territory.

    The S&P 500 index is also higher, up 11 points at 2,749.22.

  11. Consenus on trade

    US President Donald Trump and China's President Xi Jinping are due to meet again this week
    Image caption: US President Donald Trump and China's President Xi Jinping are due to meet again this week

    Reuters has been speaking to officials on the sidelines of the G20 conference in Argentina.

    The news agency reports that progress is being made between Chinese and US officials over their trade differences.

    "Consensus is steadily increasing," Wang Xiaolong, the director general of the foreign ministry's department of international economic affairs, said.

    A reminder of what's at stake.

  12. November sell-off

    oil price over month chart

    While the price of Brent crude is finishing the week largely where it started, the chart shows that it has been a tough month.

    The price is down 20% or so - the biggest monthly slide in more than 10 years.

    It is a story of supply and demand - too much supply and not enough demand.

    There are reports, though, that Russia is ready to cut supply which has pulled the price off lows registered earlier in the week.

  13. Kendal's 'saved'

    Kendal's store as it was in 1850
    Image caption: Kendal's store as it was in 1850

    House of Fraser's new owner says a deal has been done to stop the store in Manchester - known as Kendal's - from closing.

    Mike Ashley's Sports Direct bought the House of Fraser department store chain for £90m in August.

    He is due to give evidence to MPs next week.

    "This demonstrates that when landlords, local authorities and retailers work together the outcomes can be outstanding. When working together we can make a real difference to the high street," he said.

    House of Fraser 'Kendal's' Manchester store closing after 180 years

  14. FTSE falls

    lse logo

    The FTSE 100 index has ended November below 7,000.

    The index closed 58.71 points lower at 6,980.24.

    Anxiety about the ability of the US and China to end their trade dispute at this weekend's G20 summit has hung over the market.

    But economic data out of China, mentioned earlier, showing manufacturing activity had slumped, also unsettled the market.

  15. Debt download

    Kier banner

    Kier has set out three reasons why it needs to raise £250m to tackle its debts:

    • While its banking facilities are sorted out until 2022, lenders are preparing to cut their exposure to the sector. This could have an impact on its ability to obtain shorter-term credit.
    • Potential clients and customers are increasingly focusing on the financial strength of companies.
    • Pressure to pay its own contractors faster.
  16. 'Be vigilant' - ICO

    Data Breach picture

    The Information Commissioner's Officer is urging people to be vigilant after the Marriott data breach.

    An ICO spokesperson said: “We have received a data breach report from Marriott Hotels involving its Starwood Hotels and are making enquiries.

    “We advise people who may have been affected to be vigilant and to follow advice from the ICO and National Cyber Security Centre websites about how they can protect themselves and their data online.”