Neil Woodford sells Rolls-Royce stake
Yahoo abandons spin-off of Alibaba stake
Brazilian inflation rises above 10%
Volkswagen cuts number of cars affected by emissions scandal
Dupont and Dow Chemical reportedly in advanced merger talks
North Face founder dies following kayaking accident
BBC Business Daily hears from author Jacquie McNish about the boardroom bust-up that brought down Blackberry:
Author Jacquie McNish recounts how a boardroom battle brought down Research In Motion.
Image source, Getty ImagesRovio, the company which made global mobile gaming hit Angry Birds, announced a new chief executive,, external Kati Levoranta, who will replace Pekka Rantala. Outgoing Rantala - who was in the role for one year - oversaw a restructuring of Rovio, which included 213 job cuts after forecasting falling profits.
Shares in Stagecoach are down over 13% after the company issued a profit warning saying that the Paris attacks had discouraged inter-city coach travel. It wrote, external: "Since mid-November, we have seen a reduction in the rate of revenue growth in parts of our rail and inter-city coach operations in the UK and continental Europe. We believe that revenue has been adversely affected by the terrorist attacks in Paris discouraging people from travelling to major cities."
The Office for National Statistics, externalhas released this chart showing the growth in income of the UK's biggest cities since the financial crisis.
London has led the way since 2009 with a growth of almost 29%, Bristol is next and followed by Newcastle.
Image source, Office for National StatisticsCommodity prices have been hammered and UK businesses are feeling the effect. Today programme correspondent, Simon Jack explains the effects of the falling price of metals and energy.
Today programme business presenter Simon Jack explains why commodity prices matter.
BBC Scotland editor Douglas Fraser tweets:
Allow Twitter content?
This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.
Well that was a short-lived rebound. Anglo American shares have slumped almost 13%, adding to Tuesday's 12% decline.
Other miners are also among the leading losers on the FTSE 100. Fresnillo is down 7% and Glencore is down by 2.7%.
BBC Breakfast
Figures from the British Retail Consortium out this week said that £1 in every £5 spent in November was used to do internet shopping. So what impact is that having on our high streets?
Maplin's chief executive Oliver Meakin tells BBC Breakfast's Steph McGovern what he's seeing in his business.
Online shopping now accounts for a bigger proportion of UK retail sales than ever before
Business Live presenters Ben Thompson and Aaron Heslehurst crack open some fizzy wine on set today.
That's because the chief executive of Chapel Down, Frazer Thompson joined them to discuss the popularity of English fizz.
He told Business Live that English sparkling wine has improved because the growing conditions are similar to champagne regions.
For more watch the video below.
What's behind England's sparkling wine boom?
Today Programme
BBC Radio 4
Speaking about the slump in commodity prices, BBC China editor Carrie Gracie tells the Today programme:
Quote MessageThe view from China is: Why are any of you surprised? We told you a couple of years back that we had major reform problems in our economy and that we needed to transition to this thing called the new normal. It seemed obvious to China and it should have been obvious to anyone in the commodities market who was relying on the Chinese market that China's slowdown would be a threat to commodity prices and that people should not be in denial about this."
Image source, ReutersYahoo has reportedly abandoned a plan to spin-off its stake in Chinese e-commerce firm Alibaba.
The stake is worth a whopping £32bn, but there's concern over whether the deal would attract tax.
Legal exports have told the Financial Times, external that the spin-off risks a "punitive" tax bill.
Shares in London have opened higher. The FTSE 100 is up 0.4%.
Anglo American shares are up 2.7%, following Wednesday's 10% slump.
Today Programme
BBC Radio 4
Image source, Getty ImagesThe UK could thrive outside the EU, says Michael Spencer, chief executive of one of London's biggest firms, ICAP.
Mr Spencer, a former Tory party Treasurer, says he hasn't yet made his mind up about whether or not the UK should leave the EU.
He adds that London's biggest export - the financial services sector - is most likely to suffer from a "Brexit", and that the big banks have said how difficult it would be to self-finance if it happened.
BBC Radio 5 Live
From today fees paid by retailers each time a shopper pays for something using a debit or credit card will be capped.
For debit cards the limit will be 0.2% and for credit cards the limit is set at 0.3%.
The biggest impact will be on credit card transactions which, on average, charge 0.85%, says Jon Sacker from the UK Cards Association.
Compared to 2014 revenue from so-called interchange fees will be cut by £625m, he says.
Today Programme
BBC Radio 4
Image source, Getty ImagesFalling petrol prices are encouraging more driving says Simon Williams from the RAC.
He tells the Today programme that compared with a year ago, the cost of an average tank of petrol has fallen by £9, and for diesel it has fallen by £11.
He adds that despite the VW scandal, diesel is outselling petrol - in fact, overall petrol sales per month are falling.
The RAC says the average price of petrol is likely to fall below £1 a litre by Christmas.
Wake Up To Money presenter Adam Parsons tweets:
Allow Twitter content?
This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.
Image source, Entertainment OneEntertainment One has attempted, external to reassure investors after its share price plunged 20% yesterday.
The company owns and distributes films and TV programmes, including children's TV show Peppa Pig.
In a statement it said that it continues to trade "in line" with expectations for the financial year.
It also says that its debt structure is "appropriate for its strategic ambitions".
Entertainment One "continues to have confidence in its target of doubling the size of the business by 2020" it said.
FirstGroup has been awarded, external the new TransPennine Express rail franchise.
The contract runs until 2023.
FirstGroup says says that connections between cities in the North of England and Scotland will rise by more than 50% by 2019.
Image source, Getty ImagesThe founder of outdoor clothing and equipment company North Face has died aged 72, after a kayaking accident.
Douglas Tompkins was kayaking in Patagonia, Chile where he and his wife have hundreds of thousands of acres of land for preservation.
Today Programme
BBC Radio 4
It's unlikely that the Fed would hold off raising interest rates because of the falling commodity prices, says Anne Richards from Aberdeen Asset Management. She tells the Today programme that the Fed doesn't really want to surprise the markets, so it would take something "pretty seismic" between now and next week to steer them away from raising interest rates.
