Image source, PA

The delays experienced by motorists going to Dover "must never be allowed to happen again", P&O Ferries has said.

The French authorities' "failure" to provide adequate staffing for increased checks at the Port of Dover was the "primary cause" of delays of up to 14 hours this weekend, it said.

The firm said it would talk to British and French authorities to ensure there is "no repetition of this disruption".

Managing the ego of the office maverick is tough work, but necessary to get truly innovative products, says Ryan Holiday, author of Ego is the Enemy. He talks to Business Daily about the importance of humility in business, and his life as former director of marketing at American Apparel.  

1994 Yahoo - which stands for Yet Another Hierarchically Organized Oracle - is founded

2000 Yahoo valued at $125bn at height of dot.com boom

2002 Google rejects a $3bn bid from Yahoo

2008 Microsoft's $44.6bn offer for Yahoo is turned down

2013 Blogging site Tumblr acquired by Yahoo for $1.1bn

2015 Yahoo makes net loss of $4.4bn

2016 Verizon agrees $4.8bn deal to buy Yahoo

Michelle Fleury
BBC New York

Image source, AP

Beyond the talk of becoming a global media company, Verizon chief executive Lowell McAdams wants a larger share of the digital advertising pie. And he thinks this deal will help him.

As a leading US mobile phone provider, Verizon already had a wealth of data from smartphone users that it could mine.

Yahoo meanwhile has struggled to build its mobile advertising business. Its appeal is that it has content.

With Yahoo, Verizon gains the internet company's 600 million monthly active mobile users as well as its email service, Yahoo finance, and Tumbler which is popular among millennials.

So is Verizon ready to take on the likes of Google and Facebook? In 2015 these two tech behemoths claimed the largest share of the digital ad market. Whether or not Verizon can challenge that remains to be seen - but that's certainly the idea.

Image source, Bloomberg

The FTSE 100 is back in negative territory.

A slide in oil prices has hit shares in oil companies. BP is down 1.4% and Royal Dutch Shell is 1.8% lower.

But the FTSE 250 which comprises companies more focused on the UK economy, is up 0.9%.

US shares have started with losses. The Dow Jones Industrial Average is 0.2% lower. The S&P 500 is also down around 0.2%.

Sprint shares have jumped 7% after the mobiles services firm reported sales that were a bit better than analysts were expecting.

Investors are so keen on safety right now, that they will park their money in government bonds, even if there's a cost. Michael Hewson, chief market analyst at CMC tweets:

In a conference call, Yahoo! CEO Marisa Mayer says the deal represents "exceptional value for shareholders", and there was a  "huge level of interest from multiple entities".

She pays tribute to the firm, which "populised the internet, email and search".

One of the main drivers of the sale was the ability to "scale" Yahoo's mobile offering, using Verizon's huge network.

Ms Mayer also confirms that Yahoo! trademark will transfer to Verizon

Lord Kerslake explains on The World At One.

Image source, Reuters

Business Live reader Stephen Trott writes:

"My partner works for BHS in Ipswich. She will as a result of Phillip Green's actions very shortly be made redundant. The Prime Minister needs to push the case forward for him to be stripped of his knighthood without any further delay."

The digital editor of FT Money digs out an interesting page in the BHS report:

Jon Erlichman, external, of Business News Network in Canada, tweets:

Tech blogger Cory Doctorow tweets a lovely reminder of how the search engine once looked:

And as Verge editor Casey Newton tweets:

Image source, Reuters

Earlier we reported how MPs had criticised Goldman Sachs' role in the sale of BHS, saying the investment bank's role in the sale of the retailer "added lustre to an otherwise questionable process".

"They enabled their prestigious name to be cited as that of 'gatekeeper' to the transaction," MPs said.  

Goldman Sachs, which provided advice to Sir Philip for free, and was not formally engaged with the sale, "should have been either 'in' or 'out' of the deal, and demonstrably so. As it was, they had authority without accountability".  

Goldman have responded with a statement:

"As the report recognises, we identified risks to Arcadia but did not provide advice or recommendations, and our informal work should not have been relied upon in any decision to proceed with the transaction."

Image source, Getty Images

In an email to staff today and published on Yahoo-owned Tumblr, external, Yahoo chief executive Marissa Mayer told employees that the firm had "changed the world", and reminded them that it still has more than one billion users worldwide.

The 41-year-old Silicon Valley veteran also said she was staying on: "I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter."

New York business correspondent Michelle Fleury tweets:

The MPs' report increases pressure for Sir Philip Green's 2006 knighthood for services to retailing to be revoked. 

The government said on Saturday the gong was under review. 

Prime Minister Theresa May's spokesperson said: "That is a decision for the Honours Forfeiture Committee. That is an independent committee and she respects that. It is for them to look at it." 

Verizon has confirmed its $4.8bn (£3.6bn) buyout of online pioneer Yahoo!, marking the end of an era for a company that once defined the internet.