Retail analyst Nick Bubb tweets:

Next said full price sales in the two months to Christmas were up 0.4%. Next Directory rose 2%, while Next Retail declined 0.5%.  

"Next did not discount stock at any time before our end of season sale, so gross margins were maintained," it said.

Today Programme
BBC Radio 4

The Financial Conduct Authority, which oversees behavior in the City, recently abandoned its report into bank culture and dropped other investigations.

Cato Stonex of THS Partners speculates that the government having "a lot of banking shares to sell over the next year or two" may have something to do with it.

That, and maybe the free-market logic of lighter regulation meaning more credit supply: "If you keep bashing them over the head, don't be surprised if they retreat."

"The sort of practices we saw in the run up to the financial crisis, people have moved away from that sort of thing," he adds. 

Today Programme
BBC Radio 4

Image source, PA

Later today your average FTSE 100 chief executive will have already earned more in 2016 than their average employee.

Yes, and it's only Tuesday.

Stefan Stern of the High Pay Centre, which co-authored the report, said: "It's been the end of Tuesday or the start of Wednesday for the last few years."

With an hourly wage of £1,200, your average boss gets up to £27,000 (the average national wage) rather quickly, he says.

The Chartered Institute of Personnel and Development said in a separate report almost half workers are demotivated by this fact.

What are shareholders doing to rein this in?

From pay consultants to fund managers,  "everyone is involved in this," Mr Stern says. But "no-one seems to be that exercised about this."

Today Programme
BBC Radio 4

The Today Programme has some more analysis of the Chinese stock market.

Miranda Carr, senior analyst at Haitong Securities, said government support for the market is "driving a lot of sentiment" at present. There was no expected monetary easing over the past few weeks, which spooked investors, she said.

Also, from Friday, banks and pension funds can sell their shares after being ordered not to. That prospect is also weighing on the market.

Ms Carr says the state has been propping up the market for a decade or so, by pumping money into the economy.

As China moves towards a more market driven economy, then such swings should be expected, she says.

BBC Radio 5 Live

Chinese authorities stepped in last night with the biggest one-off cash injection for the markets since last September, says John Foley, European Editor of Reuters' Breaking Views.

So, Chinese authorities have been "bottling-up" selling forces.

He says there is a "cocktail" of factors that contributed to Monday's sell-off in Chinese shares. 

One of those is the imposition of circuit breakers, which shut the market down if it falls 7%.

As a result, investors are incentivised to sell early in the day, before missing their chance.

BBC technology correspondent Rory Cellan-Jones is at the CES gadget show in Las Vegas. He tweets:

BBC Radio 5 Live

Korean firm LG has made the world's first rollable OLED TV screen. 

BBC North America technology reporter Dave Lee says: "It's just like paper and the quality is high definition."

LG hopes that customers will eventually buy larger versions, attracted by the option to roll up the TV and put it away.

"It looks like a significant leap in TV technology," says Dave.

He also says we should expect more and better virtual reality devices to be produced in time for Christmas this year.

BBC Radio 5 Live

At 07:00 we will receive the latest trading statement from Next. 

Their is "a fair amount of optimism" over their results as they have been resistant to discounting in the run up to Christmas, says Jane Foley, senior currency strategist at Rabobank.

She also says that consumer debt is expanding which could be a good indicator for retailers, although it is a source of concern for the Bank of England.

Over the last three years Next's share price is up 70%.  

BBC Radio 5 Live

Image source, AFP

Volkswagen could be facing fines and penalties of up to $90bn, according to Professor Peter Wells' automotive industry expert at Cardiff Business School.

On Monday the US Justice Department sued Volkswagen for cheating emissions tests on almost 600,000 vehicles in the US.

Professor Wells told Wake Up To Money that the Justice Department has "moved fairly swiftly" which indicates they have "confidence in their case".

The potential fines are much bigger than originally thought because the authorities have been more aggressive in identifying and estimating penalties, he says.

"Now the bargaining really starts," Professor Wells says. It could take many years.

It's been a mixed morning for shares in Asia, following Monday's sharp losses on stock markets around the world.

The Shanghai Composite was down 1.4% after a near 7% fall on Monday.

Tokyo's Nikkei 225 has been pretty stable, and was trading 0.6% lower.

On Wall Street the Dow Jones industrial average closed 1.6% lower on Monday.

Welcome to Tuesday's Business Live page. We'll be keeping an eye on the markets this morning after Monday's gyrations. Plus we'll have updates from the CES gadget show in Las Vegas.