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.

Live Reporting

By Dearbail Jordan and Simon Read

All times stated are UK

  1. Good night!

    Test Card

    That's it from Business Live for today.

    But we'll be back bright and early from 06:00 tomorrow.

    Do join us then for all the latest breaking news and analysis.

  2. MP slams Heathrow third runway as 'disastrous project'

    The arArchitects' visualisation of Heathrow's plan shows the M25 running under the new runway
    Image caption: Architects' visualisation of Heathrow's plan shows the M25 running under the new runway

    The Government must stop "playing with the lives of millions" of Londoners and cancel plans for a third runway at Heathrow, a Labour MP has said.

    Hammersmith MP Andrew Slaughter called for the "disastrous project" to be reversed.

    Transport minister Paul Maynard reminded MPs the decision to back a third runway at Heathrow was endorsed in the Commons by an "overwhelming majority".

    Mr Slaughter said: "The environment minister has said it's bonkers, the Transport Secretary doubts it stacks up financially, and yesterday the Prime Minister told he has 'lively doubts' about it.

    "When will the Government stop playing with the lives of millions of people in the west of London and cancel this disastrous project?"

  3. FTSE 100 climbs almost 1%

    FTSE 100 chart

    The FTSE 100 has ended the day up 0.93% after climbing 67.51 to 7,328.25.

    However the wider FTSE 250 slipped 0.14%, or 28.79, to 20,152.15.

  4. BreakingSupercuts goes bust, with 1,200 jobs at risk: reports

    The owner of Supercuts, one of Britain's largest chains of hair salons, has collapsed into administration, according to Sky News.

    It has 220 UK outlets and 1,200 workers at risk.

    Deloitte is handling the insolvency process, according to the report.

  5. AstraZeneca leads the FTSE winners

    AstraZeneca's better-than-expected third quarter results certainly pleased the market today.

    Its shares have climbed 5.55% to 7,303 to be the top performer in the FTSE 100.

    But there have been a lot of gainers today on the blue-chip index.

    AVEVA climbed 4.95% to 4,114 while other shares climbing more than 4% included Scottish Mortgage Investment Trust, up 4.87%, M&G, 4.58% and RELX, 4.46%.

  6. Premium booze boosts C&C profits

    Man drinking lager

    A surge in demand for premium tipples helped Magners cider maker C&C notch up a 1.3% rise in pre-tax profits to €56.6m (£48.9m) for the six months to the end of August.

    The Irish group - which also makes Tennent's lager - said sales of super premium craft brews - such as Orchard Pig cider - jumped 21% and now makes up 8.5% of all branded revenues.

    This helped it overcome tough comparisons from a year earlier, when it was boosted by the heatwave and Football World Cup.

  7. Smashing pumpkins...

    This year, we're expected to spend £29.1m on pumpkins for Halloween.

    That's according to data from the comparison website, Finder.

    But, charity Hubbub warns we throw away 18,000 tonnes of pumpkin, or around 8 million of them, on average.

    95% of pumpkins are used for lanterns, so a lot of the flesh inside can go to waste.

    5 Live’s business reporter, Danni Hewson, is at Cannon Hall Farm, near Barnsley, which is holding a pumpkin festival.

    Its resident meerkats are big fans as you can see below...

    View more on twitter
  8. Brexit is 'chance to grow Scots grocery sector'

    Display of fruit and vegetables

    What is Brexit good for?

    The UK's departure from the European Union is an opportunity to grow Scotland's grocery sector, the Scottish Grocers Federation reckons.

    It has advised members to buy in more local produce instead of getting it from EU countries as Brexit approaches.

    It said the sector was growing for the first time in three years, after a plan to modernise shops and a focus on higher profit margin goods such as food-to-go and vaping products.

    Read more

  9. FTSE holds gains to surge past 7,300

    FTSE 100 gains are holding today as the blue-chip index has surged past 7,300.

    It's currently up 0.88% at 7,323.30, it's highest point since the beginning of October.

  10. RBS pulls Samsung Galaxy S10 app over security flaw

    A graphic symbol on the Galaxy S10 tells users where they need to press to provide a fingerprint
    Image caption: A graphic symbol on the Galaxy S10 tells users where they need to press to provide a fingerprint

    RBS and NatWest have pulled their apps for the Samsung Galaxy S10 after a new security flaw was found on the phone.

    Last week, users found the device could be unlocked by anyone via its fingerprint authentication system when used with certain screen protectors.

    S10 owners will be unable to download RBS apps until the issue is fixed.

    The bank is also encouraging those with the app already downloaded "to disable biometrics on their device".

    However, it would not confirm whether it had warned all 200,000 of its customers who use the Galaxy S10.

  11. Twitter loses a fifth of its value

    Twitter shares have slumped almost a fifth today after its quarterly profits came in at less than a quarter of what analysts had predicted.

    Shares in the social media firm have fallen 19.16% to 31.41.

  12. Dow Jones slips

    Let's have a look at US markets.

    The Dow Jones is down 0.26% after falling 69.96 to 26,763.99.

    Meanwhile the S&P 500 has inched down 0.025% to 3,003.76.

  13. UK businesses 'aiding global corruption'

    Briefcase full of dollars

    UK firms are providing services to help clean criminal and suspicious wealth, according to watchdog Transparency International.

    British banks, private schools and luxury goods retailers are among the institutions who have served the most corrupt, it said.

    It looked at more than 400 corruption and money-laundering cases in recent decades with links to UK companies.

    Firms' involvement can be unwitting, it said.

    The exact amount of dirty money seeping into the UK is hard to quantify, but the National Economic Crime Centre estimates the total is more than £100bn a year.

    Transparency International places that estimate much higher, at £325bn.

  14. Lagarde 'will have her work cut out'

    Rupert Thompson, head of research at Kingswood was underwhelmed by Mario Draghi's last news conference. He said:

    Quote Message: Draghi’s swansong contained few surprises. Christine Lagarde, the incoming ECB President, will have her work cut out. She will need both to try and quell dissent within the ECB over the September easing move and encourage governments to loosen fiscal policy - rather than rely on monetary policy, which is increasingly ineffectual, to do all the work stimulating growth
  15. Draghi is 'right'

    Dr Kerstin Braun, president of Stenn Group, has commented on Draghi's last press conference:

    Quote Message: Mario Draghi is right to encourage fiscal policy to boost economic growth in the stagnant EU. The impact of the ECB’s monetary policy will be limited, and a prolonged cycle of low interest rates is worrisome. The euro is unusually calm, as it looks beyond Draghi's departure and ahead to Lagarde's arrival, providing some respite to an economically turbulent eurozone.
  16. 'The popularity of the euro has never been so high'

    Christine Lagarde

    What are you taking with you as president of the ECB, Mario Draghi is asked?

    “This experience has been very intense, profound and fascinating,” he says.

    He is asked if he will take a political role? “I don’t know… just ask my wife”.

    What would he fix in the Eurozone?

    “One needs to have a central fiscal capacity, this should be designed in a way that doesn’t create moral hazard. The design of the rules is important,” he said.

    Has save the euro – he said he would do “whatever it takes” – but has he done enough to convince the public?

    “The popularity of the euro has never been so high,” he said.

    And the news conference is over. It will be Christine Lagarde next time...

  17. Draghi to keep helmet

    Prussian helmet
    Image caption: A spiked Prussian helmet

    Back to Mario Draghi who has been asked what he will do next after eight years at the ECB.

    “Just ask my wife,” he says.

    He is asked again about the criticism he received during the eurozone crisis.

    He was given a spiked Prussian helmet by German paper Bild in 2012 at the height of the crisis to encourage him to stick to German-style discipline.

    Draghi put the helmet on a shelf in his office but the paper apparently now wants it back.

    He spoke in German saying “geschenkt ist geschenkt “ – which German-speaking colleagues say means a gift is a gift.

  18. BreakingQuick Quid to go bust: reports

    Quick Quid, Britain's biggest-remaining payday lender is on the verge of collapse, according to a report on Sky News.

    It says CashEuroNet UK could be placed into administration within a matter of days with Grant Thornton lined up to handle the insolvency.