That's it for Monday's Business Live coverage. 

We'll be back from 6am tomorrow.

Do join us if you can for all the latest news and views from the world of money. 

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High Street baker Greggs has announced plans to cut an unspecified jobs from its Clydesmill bakery in Cambuslang, South Lanarkshire.

The company said the move was part of a manufacturing restructuring plan which aimed to concentrate production into centres of excellence.

Greggs confirmed a consultation process had started with employees but declined to specify the number of jobs at risk.

The union Usdaw said 100 jobs were under threat. Read more here

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The three key US stock indexes have closed down - as investors fretted about protectionist moves by the new president and switched to safe=haven assets like gold.  

Earlier in the day Donald Trump signed an order to take the US out of the Trans-Pacific Partnership deal. He also told business leaders that he would impose a border tax on firms that import products into the US afer moving American factories overseas. 

The Dow Jones ended the day at 19,799.85, a fall of 27 points or 0.14%.

The S&P 500 finished at 2,265.20, that's down 6 points or 0.27%.

And the tech-heavy Nasdaq edged down 2 points or 0.04% to 5,552.94.

"Given that the President's first order of business is challenging trade deals, it has probably caught a number of optimistic investors off balance," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

"Investors were positioning for tax cuts and regulatory rollbacks out of the gate. Perhaps they are impatient but they are certainly disappointed," he added. 

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Equatorial Guinea has applied to join the Organization of the Petroleum Exporting Countries, an OPEC source familiar with the matter told Reuters on Monday.  

If the country does join it will bring OPEC membership to 14. 

The African nation, which said earlier that it was seeking to join OPEC, is one of the non-member producers that has agreed to cut output in the first half of 2017 alongside OPEC in an effort to boost oil prices.  

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Bernie Ecclestone has been forced out of his position as Formula 1 chief executive, according to a German motor sport magazine.

The 86-year-old told Auto Motor und Sport, external he was asked to resign by new F1 chairman Chase Carey.

"I was dismissed today. This is official. I no longer run the company. My position has been taken by Chase Carey," he said.

He added he was offered a new role as "a kind of honorary president".

However, he continued: "I have this title without knowing what it means," and did not say whether he would accept the role. Read more here

The US Consumer Financial Protection Bureau said on Monday, external it had fined Citigroup subsidiaries $28.8m for giving "for giving the runaround to struggling homeowners seeking options to save their homes. 

"The mortgage servicers kept borrowers in the dark about options to avoid foreclosure or burdened them with excessive paperwork demands in applying for foreclosure relief," the CFPB said in a statement.  

CitiMortgage will pay an estimated $17m to compensate borrowers as well as a civil penalty of $3m.

CitiFinancial Services will pay about $.4m to borrowers, and pay a civil penalty of a further $4.4m. 

Image source, Reuters

More on President Donald Trump's decision to pull out of the Trans_Pacific Partnership - the giant free trade deal with Pacific rim countries, that was negotiated by the Obama administration but never ratified. Here's what the White House spokesman had to say about it.  

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Paris began its first trials of driverless buses today. 

The city deployed two vehicles capable of carrying around 10 people - within the safety of a special lane - on a bridge connecting two railway stations to the east of the city centre.

"Autonomous vehicles represent a revolution for every city on the planet... which will change our urban environment and public space in a spectacular fashion over the next 20 years," said Paris deputy mayor Jean-Louis Missika.

The trials will last three months, according to city officials. 

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A federal judge has blocked a proposed $37bn merger between the US health insurers Aetna and Humana, saying the tie-up would stifle competition.

US District Judge John Bates said patients, including the elderly, were at risk. 

The decision does not bode well for Cigna and Anthem, two other major insurers seeking to merge but also facing regulatory obstacles. A separate court heard that case just before Christmas but is yet to issue its ruling. 

Let's check in on how Wall Street's doing, and all three key indexes are still trading lower. 

The Dow Jones is down 66 points or 0.33% at 19,761.24. 

The S&P 500 is at 2,261.58, a fall of 10 points or 0.43%. 

And the tech-heavy Nasdaq at 5,541.87, a drop of 13 points or 0.24%. 

Stocks are suffering as investors turn to safe-haven assets amid fears about President Trump's protectionist measures, including withdrawal from the 12-nation Trans-Pacific Partnership trade deal (see earlier post). 

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The belief employers don't want to hire someone with a gap in their CV is the biggest barrier to some women returning to work, a group of MPs has been told.

The All Party Parliamentary Group on women and work calls for companies with more than 250 staff to put better programmes in place for returners.

It says existing "returnship" schemes rarely help women on lower incomes.

The MPs were examining reasons why women find difficulties in returning to work after a career break. Read more here

David Davis, the secretary of state for exiting the European Union, says negotiations with the EU will conclude after two years as per Article 50.

Mr Davis was keen to stress that the UK is not a "supplicant" in negotiations and that a good deal would benefit both sides. He does admit, however, that implementation of new deals may take significantly longer.

(Image: Theresa May, credit: Getty Images)

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The US dollar hit a seven-week low against a basket of key world currencies on Monday, while stock markets around the world traded lower. 

Investors are worried about the strongly protectionist stance adopted in President Trump's inauguration speech and have turned to safe haven assets like gold. 

SpreadEx financial analyst Connor Campbell said: "The greenback... seems to have been shaken both by the apocalyptic tone set by Trump at his inauguration, and the global protests that greeted the former Apprentice host's ascension to the highest office in the land."   

At his meeting with US business leaders on Monday morning the president told them he would impose a border tax on firms that import products into the US after moving American factories overseas.

BBC World Service

One of China's best-known financiers has been sentenced to more than five years in prison for manipulating share prices. 

Xu Xiang, founder of the Shanghai-based private equity fund Zexi Investment, was one of a number of investors detained by investigators in 2015 after the Chinese stock market went into freefall. 

The court in Qingdao said he'd colluded with listed companies to drive up their share prices. Xu Xiang's is the first insider trading case to have been brought to court in China.   

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President Trump has now signed an executive order to formally withdraw the United States from the Trans-Pacific Partnership which includes a dozen countries see earlier post). 

The trade agreement was negotiated under the Obama administration but was never ratified. 

Mr Trump argued throughout his presidential campaign that the TPP was harmful to American workers and manufacturing - something he repeated shortly after signing the order: 

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American rapper Jay Z has offloaded a 33% stake in his Tidal music streaming business to Japanese telecoms giant Sprint for an estimated $200m.

It means that Jay Z, husband of singer Beyonce, will make a return on his initial $56m investment when he bought Tidal from Norway's Aspiro three years ago.

The aim of Tidal is to give music artists more control over their content on streaming platforms, where Spotify remains as the market leader. Tidal was unveiled to much fanfare in 2015 with the likes of Madonna, Rhianna, Daft Punk and Kanye West signing up.