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Live Reporting

By Dan Ascher and Simon Read

All times stated are UK

  1. Good night

    Screen test

    That's it for today on Business Live, a day when the FTSE 100 climbed more than 1%, Trump slammed the strong dollar, and the Rail Authority did a u-turn about leaving Interrail.

    We'll be with you at 6am on Friday morning to bring you all the latest breaking news and analysis from the business world.

  2. Copper coins can help savings

    Coins in a jar

    Thanks for all your messages about coins and cash today.

    Finally, there's one positive aspect of pennies and 2ps that several readers have mentioned - they can make an easy way to save.

    "I put them in a jar (5p, 2p and 1p) and when it's full I take them to Tesco and either put them through the coin sorter, or use them in the self service tills," says Brian Brown.

    For Anna Murray the coins paid for a great family day out.

    "Ours all go into a very large (empty) whiskey bottle," she reports. "The last time the epic bottle of change was emptied, we funded a trip to Legoland!"

    Just a thought, the cash could have been used to buy more whiskey. Cheers!

  3. FTSE winners and losers

    Hargreaves Lansdown led the FTSE risers again today suggesting it's shrugged off the negative Woodford effect that had blighted the company. It climbed 11.84% to 2,050.

    Other key climbers were Rolls-Royce, up 5.97% and Antofagasta, up 5.41%.

    BT group led the losers falling 5.88% after the shares went ex-dividend.

    Direct Line fell 2.64% while Standard Life Aberdeen's woeful week continued with a further 1.77% drop.

  4. Sterling still struggles

    The pound stood close to a two year low today after expectations grew of a no-deal Brexit.

    Sterling rose 0.3% to $1.2138, although that left it close to the 31-month low of $1.2080 it reached early this month.

    Against the euro, sterling was up 0.2% to 92.10 pence, close to this week’s two-year low of 92.49.

  5. BreakingFTSE climbs 1.2%

    The FTSE 100 has climbed 1.21%, or 87.20 after closing the day at 7,285.90.

    Meanwhile the FTSE 250 closed up 1.04%, or 196.61, at 19,137.61

  6. Cash 'is safer'

    Wallet

    More of your views of cash and coins.

    Reader Daniel Austin is firmly in favour of cash. "Compared to ID and internet fraud I think cash is one of the safest form of transactions around," he says.

    "The only people who want cash abolished are governments and banks. Governments because they can tax more, banks because they can close all high street branches and move to call centres offshore and, presumably, then charge extortionate credit and debit card fees to their customers."

    That's certainly a point of view!

    Daniel continues: "Then there's the practicality of it. In the UK only huge chain stores can afford card payment systems.

    "The cost of credit and debit card transactions for smaller shops are prohibitive. Hence the signs common in lots of smaller shops saying that they only accept cash payments under £15 owing to card transaction costs with the banks and credit card companies."

  7. The bank that wants to be a digital disrupter

    RBS

    Ross McEwan could remain chief executive of Royal Bank of Scotland until next April, depending when and how directors select his successor.

    That leaves his media minders with a challenge in the meantime - how to rein his straight-talking Kiwi instincts, avoiding controversy.

    They took a risk this week, hosting an on-the-record dinner with a group of Scottish journalists - and in a distillery, too.

    Read what happened here

  8. Number of super-rich non-doms in UK at record low

    Super-yacht
    Image caption: The UK's super-rich are moving offshore

    The number of super-rich residents who pay no UK tax on their offshore accounts has fallen to its lowest level ever, according to Treasury figures.

    Last year, there were 78,300 non-domiciled taxpayers, or "non-doms", in the UK compared with 98,500 in 2016-17.

    And the £9.5bn they paid to the taxman in 2016/17 fell to £7.5bn last year.

    International law firm Pinsent Masons said the reason was Brexit and nervousness over the chances of a Labour government.

    Read full story

  9. Contactless could help charities

    Charity collector

    Meanwhile back to the crucial debate over the UK's money and here's another reader in favour of scrapping cash. Oliver Law says: "I agree with the “radical reader”, there is no need for cash in this day and age.

    "I know for a fact that most of my generation (I’m 23) use contactless when available and card when otherwise. With the addition of Apple Pay, the £30 limit to contactless doesn’t even apply, negating the need for cards!"

    He says charities should get with the programme and issue their fund-raisers with contactless machines.

    "If charity workers carried contactless machines, with a default payment of £1 loaded for example, I would quite happily donate left right and centre!

    "Due to my lack of carrying cash, I always have to turn collectors down."

  10. Burford Capital hits back at Muddy Waters

    Burford Capital's board of directors
    Image caption: Burford Capital's board of directors

    Burford Capital has hit back against what it calls a "false and misleading" attack by US short-seller Muddy Waters.

    In a statement today, the litigation financer said its directors "intend to purchase a significant number of Burford shares" and the board would consider buying back stock following this week's share price tumble.

    It said Muddy Waters' claim that Burford was "arguably insolvent" was qualified "because Muddy Waters knows they would lose a lawsuit if they accused Burford of insolvency, and they know they can't support such a claim".

    It also accused Muddy Waters of "throwing in Neil Woodford's name for headline value".

    After slumping earlier in the week, Burford Capital shares have bounced back today climbing around 30% to 782.

  11. Support for cash...

    Paying for a pint with cash
    Image caption: Paying for a pint with cash

    Crikey, not many of you backed Walter Tizzano's call to abolish cash (see our earlier post).

    "I completely disagree," said Ryan Barnett of London. "Communities in small towns and rural communities are far more reliant on cash. Small businesses are also often more reliant on cash.

    "People from poorer backgrounds may not have the opportunity to access services if they are cashless, increasingly if they are older. Not everyone has a bank account.

    "Cash also holds historical, cultural importance. We need better access to finance and better education, not people refusing to use businesses because they don't accept plastic!"

    Some sound points there.

    Denis Mills from Newcastle asks: "How will Walter pay when the “system” goes down?

    "In the last crash of the Visa system there were no under-20s left in the pub, only us older folk who actually carry cash (and cards)!"

  12. Rare advertising growth at Viacom

    Comedy Central

    Viacom, the owner of MTV, Comedy Central and Nickelodeon, beat estimates for quarterly revenue, helped by a rare growth in domestic advertising revenue.

    Net income attributable to Viacom rose to $544m in the third quarter to the end of June, from $522m a year earlier.

    Total revenue climbed to $3.36bn from $3.24bn.

  13. Don't just scrap copper, abolish all cash!

    Money

    Here's a radical suggestion from a reader - end cash altogether!

    "I think cash is a waste of resources for its production and disposal, it’s quite expensive to handle, it can be counterfeit, lost or stolen. It should just be abolished already," demands Walter Tizzano.

    "Cash is extremely impractical and I avoid it as much as possible, and only pay by contactless or card. If they are not accepted I just move on and buy somewhere else."

    Wow! Does anyone agree? Let us know at bizlivepage@bbc.co.uk

  14. Bellway shares slump 3% despite upbeat prospects

    House being built

    Shares in property giant Bellway have fallen more than 3% today despite it saying it increased the number of new homes it developed over the past year and expects revenues to rise as a result.

    The housing firm said it expects profit for the year to July to be in line with market forecasts following the "successful delivery" of its growth strategy.

    It said that revenue for the year is forecast to have grown by 8% to almost £3.2bn on the back of a 5.7% increase in house completions, to 10,892.

    Shares have fallen 87 to 2,795.

  15. BreakingUS markets climb

    The Dow Jones index has had a positive start to the trading day climbing 0.49%, or 126.82 to 26,133.89.

  16. Aldi plans to create 800 jobs in HQ expansion

    Headquarters plans

    More than 800 jobs are expected to be created at supermarket giant Aldi's UK headquarters in Warwickshire after plans for new offices and a warehouse were agreed by councillors.

    The site on Holly Lane, to the north-west of Atherstone, will also feature multi-storey and surface-level car parks.

    In the application's design statement, the company said the developments were expected to support an estimated 425 jobs over the next five years - 50 in the warehouse and 375 office jobs.

    A further outline application for office space is expected to pave the way for a further 440 jobs once completed.

  17. AA shares climb on positive member news

    Roadside assistance person

    AA saw its shares jump around 6% in morning trading after it said member numbers have stabilised after slipping in the first half of the year.

    The motor insurer said it is on track to deliver earnings growth in the financial year, with revenues expected to rise in a stronger second half period.

    AA's insurance division saw its volumes grow for the six months to July, with its motor book rising by 10% to 803,000 policies, while its home book rose by 1.3% to 841,000 policies.

    Shares have slipped back a bit since early rises but are still up 4.39% on the day at 52.35.

  18. Newquay businesses to suffer

    Festival crowd

    The last-minute cancellation of Boardmasters festival amid storm warnings is set to hit Newquay businesses hard.

    The annual event makes the second week of August the busiest of the year for the town's traders, bringing in tens of thousands of visitors and an estimated £45m.

    Kim Conchie from Cornwall's Chamber of Commerce said it was "a bitter blow".

    One business said an order of "several thousand" pasties had been cancelled.

    Read more here.