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  1. Get in touch:
  2. Superdry warns on profits
  3. Dixon Carphone says no more store closures
  4. Pound slides on PM no confidence vote
  5. Huawei executive Meng Wanzhou granted bail

Live Reporting

By Mary-Ann Russon

All times stated are UK

  1. Good night

    BBC testcard

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

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

  2. Wall Street ends higher

    Bull statue in Wall Street

    Wall Street shares have ended higher, despite pares in gains in the last hour of trading.

    The Dow Jones Industrial Average closed 0.6% ahead at 24,527.27.

    The S&P 500 ended 0.5% up at 2,651.07.

    And finally, the tech-heavy Nasdaq finished 1% higher at 7,098.31.

  3. 'Far from a comprehensive victory'

    Theresa May

    XTB's chief market analyst David Cheetham says that although Theresa May won the confidence vote, it is far from the decisive victory she would have hoped for, and this has had an impact on the markets.

    "The result has caused some selling in the markets with the pound erasing earlier gains and heading back lower," he said.

    "Given that more than a third of her own party voted against her it seems increasingly implausible that she will get the requisite backing in parliament to push through her deal and the result leaves the overall level of uncertainty at unprecedented heights - something that doesn’t bode well for the pound."

  4. 'There is no time to waste'

    Adam Marshall

    The British Chamber of Commerce (BCC) has reacted to the confidence vote as well, and it too wants to see the UK government get on with securing an orderly Brexit deal.

    “We are just over 100 days to go until the UK leaves the EU, and firms are still in the dark as to what trading conditions they will face. Neither the country nor businesses are prepared for a no deal Brexit, so parliamentarians on all sides must redouble efforts to ensure communities don’t face that scenario by default," said the BCC's director-general Dr Adam Marshall.

    “Many businesses are holding back on investment and hiring, with some enacting contingency plans, for example by moving operations to continental Europe, to give themselves more certainty.

    "It is time for Westminster to urgently come together to provide clarity on the UK’s future relationship with the EU so that firms have the answers they need. There is no time to waste.”

  5. 'Firms are desperate for clarity'

    Carolyn Fairbairn

    The CBI has responded to the confidence vote result, and wants the government to now focus and "seize" the opportunity to secure a Brexit withdrawal deal and provide clarity for businesses.

    “This vote was a chaotic detour that needs to be put to good use. Politicians must finally stop the endless infighting of the past 30 months and come together to secure a workable Brexit deal. Companies and the country have had enough of chaos," said the CBI's director-general Carolyn Fairbairn.

    “Uncertainty is throttling firms and threatening jobs – not in the future but right now.

    “Firms are desperate for clarity and need to know for certain a no deal Brexit will not happen. Until they do, damage to investment, jobs and future growth will continue.

    “This must mark a turning point, a chance to restore confidence in politics and our economy. Businesses across the UK will be counting on politicians to seize it, and despair if they do not.”

  6. 'Sterling could face an even steeper cliff-edge'

    Lee Hardman, currency analyst at MUFG, says that markets will take some reassurance from the fact that Theresa May "has seen off her would-be assassins for now".

    “There will be hope that this signals a softer Brexit deal or even a second referendum might be possible. This would help shore up the pound’s performance but might be short-lived as the narrow victory highlights May’s diminishing lack of authority, leaving the government vulnerable to a vote of no confidence," he said.

    “If it looks like May is facing the same set of problems come January and markets think she still can’t command the support of Parliament, sterling could face an even steeper cliff-edge than it would have had the vote gone the other way.”

  7. Pound slips on vote result

    Pound to dollar

    The sterling fell following the news that UK Prime Minister Theresa May won the confidence vote.

    The pound is now down 0.44% against the dollar at $1.2602.

    Overall, sterling is still higher today - this afternoon it rose 1.4% higher against the dollar at $1.2660 amid speculation that Mrs May was likely to have the backing of enough Tory MPs to win.

  8. BreakingMay wins confidence vote

    Theresa May has won the confidence vote by 200 votes, with 118 votes against, it has been announced.

    As said before, because Mrs May has won the vote, she cannot be challenged as Conservative leader for at least another year.

  9. Scottish higher earner tax gap widens

    Video content

    Video caption: Minister Derek Mackay: '99% of tax payers will see no rise'

    Scotland's finance secretary has said he will not pass on a tax break for higher earners that was announced by the chancellor in his UK budget.

    Derek Mackay said "now is not the time" to cut taxes for higher rate tax payers as he unveiled his Scottish budget.

    It means the gap between how much higher earners in Scotland pay has widened compared to the rest of the UK.

    But Mr Mackay said most people would continue to pay less in Scotland than south of the border.

  10. A brief news update

    The ballot for the Theresa May no confidence vote has closed. As we await the results, here's a summary of all the other business headlines today:

    View more on twitter
  11. On the radio tonight

    BBC Radio 5 live

    Wondering what's going to happen tonight when Tory MPs vote on Theresa May's leadership?

    In addition to following our live blogs on BBC News Online, you can also listen in to BBC Radio 5 Live...

    View more on twitter
  12. What - me worry?

    Palm trees
    Image caption: A view of the American economy as seen by Voya Financial on Wednesday afternoon

    Worried about global trade wars, Brexit, climate change, inverse yield curves and falling markets? Don't be. Read the latest 2019 forecast report from Voya Financial, the financial, retirement, investment and insurance company based in New York.

    Chief Market Strategist Doug Cote and Senior Market Strategist Karyn Cavanaugh says the US has "the best economic backdrop in 30 years" citing the first 3% GDP growth rate in a 12-month period in over a decade, record employment, record corporate earnings and a manufacturing renaissance. After that they wax lyrical say the US has "sown the seeds for a market with resilience like a palm tree, which bends in the wind but swiftly recovers after the storm passes,"

    What could possibly go wrong?

  13. Italy makes an offer

    President of the European Commission, Jean Claude Juncker with Italian Prime Minister, Giuseppe Conte
    Image caption: A deal? Not quite yet. President of the European Commission, Jean Claude Juncker (left) with Italian Prime Minister, Giuseppe Conte

    Remember the Italian budget deficit that the EU said was too big? Well, it's got a little smaller. It started at 3% of GDP, which the European Commission said would force it to fine the Italian government (presumably making the deficit even bigger). Italy came down to 2.4%. Not low enough, said the Commission. Now Prime Minister Guiseppe Conte has said "additional resources" had given Italy a little more financial wriggle room and how about 2.04%?

    No word from the Commission yet which is "evaluating" the offer, but the last Italian government offered a deficit of 0.8% as a way of bringing down, one day, its massive national debt valued at 130% of the country's total annual economic output.

  14. Soybean thaw?

    Image caption: Soybeans - signs of a trade thaw

    There may be a thaw in US-China trade relations and it could be over soybeans. For the first time since Presidents Trump and Xi met at the G20, the Chinese have bought at least 500,000 tonnes of US soybeans. One grains trader said hopefully: "It looks like we're back in business now."

    However, before you get too excited, remember the arrest of Huawei's chief financial officer Meng Wanzhou in Canada is still a live issue, and the US is said to be considering issuing a warning to its citizens travelling to China that the Chinese could retaliate against them. However, the Commerce Secretary Wilbur Ross said: "As far as I know we haven't made any decision about changing advice on travel."

  15. Bereaved mother criticises Facebook over baby ads

    Facebook logo reflected in an eye

    The mother of a stillborn child has called on tech companies to rethink how they target ads after she was inundated with baby-related promotions.

    Gillian Brockell wrote to Facebook, Instagram, Twitter and Experian, saying if they were smart enough to deduce she had been pregnant, they should have realised her baby had died.

    Other internet users have remarked that they have had similar experiences.

    Facebook has already acknowledged that it could do better.

  16. How Love Islanders make money on Instagram

    Reality stars from shows such as Love Island are increasingly choosing to make money from social media rather than the traditional meet-and-greet nightclub appearances.

    Even before participants leave a programme, companies are recruiting them to post about their products on Instagram or to become brand ambassadors.

    Some of the top earners on Instagram - such as Kylie Jenner - are estimated to make up to £750,000 for one paid #ad post.

    But how are those without such a high price tag making it work for them?

    Video content

    Video caption: Love Islanders' Instagram tips on how to make money from #ad
  17. Michael Cohen jailed for three years

    Michael Cohen arrived for his sentencing with members of his family

    Michael Cohen, the former lawyer to Donald Trump who once said he’d take a bullet for the president, has been given a 36-month prison sentence.

    He is the first member of Mr Trump's inner circle to be jailed over the special counsel's inquiry into alleged Russian meddling in the 2016 election.

    He has pleaded guilty to multiple crimes including campaign finance violations, tax evasion and lying to Congress.

    In court Cohen blasted his former boss.

  18. Pound rallies as May tipped to win confidence vote

    Currency listings

    The pound has risen amid speculation that Prime Minister Theresa May will win the vote of confidence in her leadership on Wednesday evening.

    The currency is trading 1.4% higher against the dollar at $1.2660 and 0.9% higher against the euro at €1.1132.

    On Tuesday the pound hit 20-month lows against the dollar on reports that sufficient numbers of Conservative MPs were prepared to force a vote.

    A majority of Tory MPs have publicly said they will back the PM in the vote.

  19. London closes higher

    London Stock Exchange

    London shares have ended higher, as expectations grew this afternoon that Theresa May will likely win the leadership challenge later tonight, which would greatly decrease the chances of a no-deal Brexit.

    The FTSE 100 closed 73.3 points or 1% up to 6,880.19, led by property developer Berkeley Group, which rose 5.7% to £35.

    The FTSE 250 ended 335.7 points or 1.9% ahead to 17,988.97. Top of the winners was intellectual property firm IP Group, which rose 18.3% to 121.8p.

  20. US not pleased with WTO

    A world map with scrabble tiles spelling out "trade war"

    Although US President Donald Trump made positive comments today about trade with China, the US envoy to the World Trade Organization has taken a different tone today.

    The Trump administration is unhappy with the way that the judges in the WTO's Appellate Body are handling the US-China dispute. In particular, the US government feels that the WTO has failed to hold China to account for not opening up its economy after China joined the trade body in 2001.

    Although there is some sympathy from other WTO members over complaints that the judges have overstepped their bounds or taken too long to deliberate over disputes, the US has also been strongly criticised for blocking new appointments to the Appellate Body.