Summary

  • Chinese travel giant C-trip is to buy flight search website Skyscanner for $1.7bn

  • Chancellor Philip Hammond defends budgetary plans

  • Consumer credit 'rising at fastest rate for a decade' says BBA

  • Get in touch: bizlivepage@bbc.co.uk

  1. Goodnightpublished at 21:30 Greenwich Mean Time 24 November 2016

    Test card FImage source, BBC ITC and BREMA

    Thanks for joining Business Live today. We'll be back tomorrow at 6.00am sharp when we'll be bringing you all the madness from the Black Friday sales. See you then.

  2. Do you hate your boss?published at 21:10 Greenwich Mean Time 24 November 2016

    Here's a little something to mull over before bedtime.

    Do you loathe your boss? And, more importantly, what can you do about it?

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  3. Black Friday: Top tips to spot a bargainpublished at 21:00 Greenwich Mean Time 24 November 2016

    Black Friday is now one of the UK's busiest shopping days, but how can you spot a genuine bargain?

    Read More
  4. Trump, business and the presidencypublished at 20:44 Greenwich Mean Time 24 November 2016

    Donald TrumpImage source, Getty Images

    What assets does Donald Trump own? Who does his business owe money to? Does the US president-elect have conflicts of interest?

    The BBC investigates...

  5. Iceland v Icelandpublished at 20:30 Greenwich Mean Time 24 November 2016

    IcelandImage source, Getty Images

    Iceland, the supermarket chain, has been trading since 1969.

    However, Iceland, the country, has only just now taken exception to the retailer's name. So it has launched legal action over the company's trademark registration for the word "Iceland"

    Iceland's foreign ministry said the Europe-wide registration had often left Icelandic firms unable to describe their products as Icelandic and the government had therefore asked the European Union Intellectual Property Office to invalidate it.  

    It said: "Iceland Foods has aggressively pursued and won multiple cases against Icelandic companies which use "Iceland" in their representation or as part of their trademark, even in cases when the products and services do not compete."

    The ministry wants to ensure the right of Icelandic companies to use the word "Iceland" in relation to their goods and services.

  6. Bank 'to lift QE by £50bn'published at 20:14 Greenwich Mean Time 24 November 2016

    Bank of EnglandImage source, Getty Images

    The Bank of England could increase its quantitative easing (QE) bond buying scheme again next year to support the UK through Brexit and a growing deficit.

    Goldman Sachs forecasts that the Bank will increase QE by a further £50bn in 2017, the year when Theresa May hopes to trigger Article 50.   

    Following the vote to leave the European Union, the Bank announced a further £60bn worth of asset purchases as well as cutting the interest rate to a new low of 0.25%.

    If, as Goldman Sachs predicts, the Bank goes ahead next year it would take the QE programme to a total £485bn since it was launched in 2009.

    Goldman Sachs also forecasts that UK GDP will grow by 1.4% both in 2017 and 2018. While this is in line with the OBR's prediction for next year, it is below the forecast for 1.7% growth in 2018.

  7. Jumping the queuepublished at 19:58 Greenwich Mean Time 24 November 2016

    There is an app for everything nowadays - even one that strikes at the heart of what it is to be a queue-loving Brit. 

    Because now, there is an app where you can pay someone to stand in line for you.

    But would you use it?

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  8. Monte dei Paschi taps investors, againpublished at 19:43 Greenwich Mean Time 24 November 2016

    Monte dei Paschi di SienaImage source, Getty Images

    The saga involving the world's oldest bank just keeps on going.

    On Thursday, shareholders in Monte dei Paschi di Siena approved a €5bn (£4.2bn) cash call, which is the bank's third fund-raising in three years.

    Monte dei Paschi is now being steered by Marco Morelli, the former head of Bank of America Merrill Lynch in Italy, and he has presented a rescue plan to investors, though Reuters reports he is yet to get any firm backing. 

    There is a rather large fly in the ointment - a constitutional referendum on 4 December which could topple Italy's reformist government and usher in a period of political instability.

    If that happens, who knows what the next step will be for Monte dei Paschi.

  9. Borrowing divide widenspublished at 19:25 Greenwich Mean Time 24 November 2016

    More from Paul Johnson, director of the Institute of Fiscal Studies which published a startling analysis of the Autumn Statement. 

    Here is examines just how Labour and the Conservative diverge on borrowing.

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  10. Athens' bail-out bluespublished at 19:07 Greenwich Mean Time 24 November 2016

    Demonstrations in AthensImage source, Getty Images

    Yet another demo in Athens. Only last week police were using tear gas to break up demonstrations commemorating an uprising that helped end the colonel's regime in 1974. Today's affair was quieter. Several thousand protesters, including college students, pensioners, and civil servants, demonstrated while a 24-hour strike by unions paralysed ferries and halted public services. The government is promising to push through a new list of administrative and cost-cutting reforms which will qualify it for better terms on its bailout debt repayment. One union official said: "We have to push back because they are leading us back to middle ages in terms of labor rights,''

  11. Black Friday thoughtspublished at 18:52 Greenwich Mean Time 24 November 2016

    shoppers on Black FridayImage source, Getty Images
    Image caption,

    Black Friday. Perhaps - not a living hell after all

    Some ideas about Black Friday. It may not be quite the scrimmage in the shops everyone is expecting. The sales started ten days ago on Amazon and in some of the supermarkets, like Tesco and Morrisons. More than half of the spending on the Friday is going to be online. And many of the shops, like IKEA, Next, Jigsaw are joining a growing list of Black Friday refuseniks. So - just perhaps - the high street may not be such a living hell after all. Enjoy...

  12. India rupee ban hits cash machinespublished at 18:35 Greenwich Mean Time 24 November 2016

    India's decision to ban 500 and 1,000 rupee notes to crack down on corruption is still causing chaos - this time at the country's cash machines.

    Media caption,

    India cash crisis: Why are Indian ATMs taking so long?

  13. Fuel duty: the fantasy and the realitypublished at 18:20 Greenwich Mean Time 24 November 2016

    IFS director Paul Johnson is teasing the Office for Budget Responsibility over its statement on fuel duty.

    However, it is quite startling to look at seven years worth of proposed petrol tax rises which were subsequently frozen and what has actually happened the rate. 

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  14. FTSE and sterling risepublished at 18:01 Greenwich Mean Time 24 November 2016

    The FTSE 100 index ended the day up 11.49 points, or 0.17%, at 6829.20.

    In a fairly subdued day of trading, the pound edged up 0.1% against the US dollar to $1.245, and 0.2% against the euro to €1.179.   

    Connor Campbell, a financial analyst at CMC markets, says: "To be fair to the FTSE and sterling, they have both dealt with the Autumn Statement with minimal fuss."

    He adds: "Tomorrow should be a bit more interesting. Not only do the US markets return from their Thanksgiving break, but investors get an update on the state of the UK's third quarter growth."

    It is the second reading of British GDP growth, the first of which measured output at 0.5% between July and September. 

  15. Wage squeeze hits Britain's youngpublished at 17:45 Greenwich Mean Time 24 November 2016

    Britain's younger citizens are bearing the brunt of poor wage growth.

    In its analysis of the Autumn Statement, the Institute for Fiscal Studies says workers will earn less in real wages in 2021 than they did in 2008. 

    However, the impact is varies greatly across different generations. 

    Wage growthImage source, IFS
  16. Where first for infrastructure boost?published at 17:33 Greenwich Mean Time 24 November 2016

    CongestionImage source, Getty Images

    As part of the Autumn Statement, the National Infrastructure Commission has been tasked by the government to help it decide where to spend the £23bn being borrowed to invest in infrastructure.

    Bridget Rosewell is one of the commissioners, and she’s been on BBC Radio 5 live talking to Sean Farrington about the government’s infrastructure plans. How long will it take for them to decide where to spend it?

    “We can’t spend £23bn all in one go. We will be working on some things on a quicker timetable, and some things on a longer one”

    Why don’t they have plans in place, ready to be used?

    “Unfortunately the world doesn’t work like that. The world changes, so we need to create plans which are robust for that. Moreover, we need to think about how these things interact with one another. There’s no point putting a road in, if you haven’t got a development plan and the planning availability to put all the housing in which is going to use that infrastructure.”

  17. Black Friday is a 'deception'published at 17:13 Greenwich Mean Time 24 November 2016

    Peter Ruis, chief executive of the fashion chain Jigsaw, claims that retailers create "discounts that aren't really discounts" on Black Friday. 

    Media caption,

    Jigsaw boss: Black Friday is a 'complete and utter deception'

  18. Alitalia jobs on the line in turnaroundpublished at 16:58 Greenwich Mean Time 24 November 2016

    AlitaliaImage source, Getty Images

    There's more bad news for Europe's airlines.

    Reuters is reporting that Italy's Alitalia may cut up to 2,000 jobs as part of a turnaround plan. 

    The company's major shareholder, Etihad Airways, is understood to be pressing for big changes to stem losses at Alitalia. 

    These could also include grounding 20 planes to reduce unprofitable routes.   

    Meanwhile in Germany, Lufthansa pilots are striking over pay, forcing the company to cancel 900 flights. They are seeking a 3.7% pay rise for pilots dating back to 2012. 

    There may be turbulence ahead. 

  19. Morrissey targets GM over leather seatspublished at 16:46 Greenwich Mean Time 24 November 2016

    MorrisseyImage source, Getty Images

    He famously declared "meat is murder" and Morrissey has not changed his stance.

    The Manchester-born singer, and former frontman of the Smiths, has written to General Motors' boss Mary Barra to ask that the company replace leather seats and interiors in some models with imitation leather.

    Ahead of a concert in Detroit, Morrissey writes: "GM is named in (PETA) brand-new investigation of cattle ranches, on which animals are branded on the face, electro-shocked, and beaten before they're slaughtered and used to make leather interiors for car companies, including yours."

    According to People for the Ethical Treatment of Animals (PETA), rivals such as Tesla Motors offer vegan leather interiors on some of its cars.

    Will GM be next?  

  20. What does US exit from TPP mean for trade?published at 16:26 Greenwich Mean Time 24 November 2016

    Donald Trump confirmed he will be abandoning the Trans-Pacific Partnership (TPP), a trade deal with other countries in the Pacific region.

    Daily Politics reporter Adam Fleming looks at what this could mean for the balance of power in the region, especially with regards to China.