Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.

Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Slack plans to float shares on stock market
  3. Uber plans to sell shares at $44-$50 to value the company at $90bn
  4. US economy grows at annual rate of 3.2% in Q1
  5. RBS shares fall as bank reports profit fall
  6. Debenhams names 22 store closures
  7. SAS pilots strike grounding 673 flights

Live Reporting

By Mary-Ann Russon

All times stated are UK

  1. Deutsche beats estimates with €201m profit

    Deutsche Bank

    A day after it announced it was abandoning merger talks with Commerzbank, Deutsche Bank has reported a better-than-expected profit for the first quarter of 2019.

    The German lender posted a net income of €201m, up 67% on the same period last year.

    Chief executive Christian Sewing said: "Our continued cost discipline helped us to offset lower revenues and we are well on track to meet our 2019 cost target.”

    In February, Deutsche recorded its first annual profit in four years.

  2. Port Talbot fire 'under control'

    Port Talbot steelworks

    Tata, the Indian based owner of the steelworks in Port Talbot, has said the fires at the plant are "under control".

    Images on social media show flames and plumes of smoke pouring out of the Port Talbot plant after an explosion around 03.30 BST.

    Police are saying the cause is likely to have been a train used to carry molten metal.

    Tata had recently invested £50m in the plant, the UK's largest steelworks, to refit a blast furnace. It has pledged to invest £1bn over 10 years if market conditions allow.

  3. Asian stocks broadly lower

    Asian stocks were broadly lower in morning trading in Asia on Friday.

    Japan's benchmark Nikkei 225 fell 0.7%.

    The Shanghai Composite fell 0.5%, but Hong Kong's Hang Seng index bucked the trend with gains of 0.2%

  4. Good morning

    Overnight an explosion at the Port Talbot steelworks in Wales has injured two people. Business Live will bring you more on that as it comes in.

    Chancellor Philip Hammond is due to speak at the Belt and Road Forum in Beijing later.

    And a day after its chief executive resigned, saying he had delivered his strategy, Royal Bank of Scotland is due to issue its latest quarterly results this morning.

    We'll keep you up-to-date on those stories, plus how the markets are faring at the end of the week, after a 0.5% drop on Thursday, blamed in part on the blocking of the Sainsbury's-Asda deal.