That's all from Business Live for today - thanks for reading. We are back bright and early at 06:00 Wednesday - do join us then.

And North America technology correspondent Dave Lee gives us the perfect way to end Tuesday

The success of the Jungle Book remake helped the Walt Disney Co to a 9% rise in quarterly revenue to $13.1bn. Net profit rose $120m to $2.6bn in the third quarter to 2 Jul2.

Disney is also buying a one third stake in BAMTech, a video streaming company formed by Major League Baseball (MLB) for $1bn. The company has the option to acquire a majority ownership in the coming years.   

Chris Johnston
Business reporter

Image source, Getty Images

Harry Potter star Rupert Grint - who is thought to have earned about £24m from the film franchise playing Ron Weasley - has lost a legal battle for a £1m tax refund. 

A tax tribunal judge rejected the actor's appeal against an HM Revenue and Customs (HMRC) block on him using a change in accounting dates to protect his earnings from a high tax rate. 

The judge stressed it was not part of HMRC's case that Grint was involved in tax avoidance.

During the hearing, Grint, 27, admitted that his knowledge of his financial affairs was "quite limited", and that he left his tax returns to his father, Nigel, and his accountant, Dan Clay.

The judge said in her ruling that he had made it clear "that he placed his faith in his father and accountants to deal with his financial affairs".

Image source, Getty Images

Bit of a lacklustre day across the pond, with the Dow Jones industrial average ending almost flat at about 18,532 points, while the S&P 500 was also becalmed - ending at about 2,182 points. 

Now that nearly 90% of companies on the S&P 500 have reported this quarter, revenue growth has not been as bad as expected, says Bob Doll of Nuveen Asset Management. 

"We're slowly turning the corner and exiting the earnings recession," he says. "The worst quarter, year-over-year, was the first quarter. While the second quarter wasn't great, it was less bad. The third and fourth quarters will continue that.''  

Here's the front page of tomorrow's Financial Times:

Image source, Getty

Oil is down more than 1% as concern about global oversupply mount. Earlier in the day prices had held steady and rose on Monday amid speculation that Opec and other oil producers would freeze output. 

A short while ago Brent Crude was down nearly 1.2% at $44.83 a barrel, while 

US oil slid by 1% to $42.61. 

"Both [US oil] and Brent will have to move above the $50 per barrel level and remain there for the shorter-term traders to regain confidence," said Dominick Chirichella at the Energy Management Institute in New York.

BBC World Service

Human beings have already used up the Earth's budget of natural resources for this year, in less than eight months, reports World Business Report.

That's according to the Global Footprint Network, which says people are putting even more emissions into the atmosphere than they were even a few years ago. 

They're also catching more fish, and cutting down forests more quickly than nature can replenish them. 

As a result the world reached its so-called "overshoot day" yesterday, according to the environmental campaign group. That compares to late September back in 2000, suggesting the environment is being damaged at a faster rate than ever.

Andrew Simms is from the research group, New Weather Institute, and explained the idea behind "overshoot day" to the BBC's Tony Bonsignore.

Technology reporter Zoe Kleinman tweets:

Image source, PA

The Bank of England's latest round of quantitative easing got underway on Tuesday, but the bank fell £52m short of its target to buy more than £1bn of long-dated government debt.

For the first time since it started buying government bonds to boost Britain's economy back  in 2009, the Bank failed to find enough willing sellers to meet its purchase target, pushing bond yields to record lows, reports Reuters.  

This was the Bank's first attempt to buy long-dated debt since it announced last week that it was cutting interest rates and resuming its quantitative easing programme to cope with the effects of the UK's vote to quit the European Union. 

"The fact that their first attempt to buy long dated gilts has failed raises significant question marks over whether the Bank of England will find enough willing sellers of gilts, to complete this round of asset purchases," said Mitul Patel of Henderson Global Investors.

"Gilts have significantly outperformed other markets as a result, and the fall in gilt yields is likely to inflict further pain on pension schemes, insurance companies and banks," he added.

The Bank has said it will announce its response to the shortfall tomorrow at 8am - and we will, of course, bring you the news when we get it. 

Image source, Getty Images

Facebook is changing the design of adverts so they can bypass ad-blocking software aimed at reducing the number of adverts seen online. 

However, the social media giant will let account holders control the type of adverts they see on the site by selecting and de-selecting suitable subjects. 

Users of Facebook on desktops will be able to edit their advert preferences to block adverts from some businesses. 

The social network said its decision to alter the design of its adverts comes after commissioning a study into consumer opinion on online adverts. More than two thirds of those surveyed said they used an ad-blocker because they found adverts disruptive.  

An estimated 22% of UK internet users now using an ad-blocker.

What happens when a bio tech company finds someone digging up their seeds?

(A seedling, copyright: Shutterstock)

Image source, Getty Images

More on members of the RMT union working on Virgin East Coast line voting in favour of a strike.

The Transport Secretary, Chris Grayling, said the strike was unnecessary - and accused the union of standing in the way of progress:  

Chris Johnston
Business reporter

Image source, Getty Images

Interesting comments from billionaire activitist investor Carl Icahn on CNBC today: he thinks Republican presidential candidate Donald Trump is "right on the economy". 

Speaking a day after Trump unveiled his economic plan, Mr Icahn said "the Archie Bunkers of the world" are going to vote for Trump. 

Bunker was, of course, the fictional conservative blue-collar worker on TV sitcom All In The Family in the 1970s.  

BBC News Channel

Image source, PA

As we reported earlier, workers on the Virgin East Coast line have voted to strike in a dispute over jobs, working conditions and safety. Read more here

The RMT union has accused the company of trying to "bulldoze through" cost-cutting measures which it says would "decimate" jobs. 

Virgin says the changes are aimed improving customer experience, and has promised to run a full timetable during any strike.

But Craig Johnston from the RMT says the strike is a vote of no confidence in the company.

Here's a story we missed when it was first broadcast, but we thought it was worth another listen ...

Image source, Associated Press

The FTSE 100 closed at a 14 month high of 6,851.17 - up by 0.62% or 42.17 points - helped by encouraging economic figures out of China and Europe, plus a steady oil price. 

Shares in financial companies did well. The biggest climber was insurer Standard Life which hit its highest level post-Brexit after reporting an increase in assets under management.  

The day's biggest loser was Legal & General whose shares fell despite the company reporting a rise in half-year profits.

L&G reported a 10% rise in operating profits to £822m, but its shares ended the day down 5.2% as investors focused on a fall in profits at its investment management and general insurance businesses.

That overshadowed news of a 44% rise in profits at L&G's retirement division.

 The FTSE 250, which contains more UK-focused companies than the FTSE 100, closed at 17,687.40 - that's a rise of 129.66 points or 0.74%.