Summary

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

  • FTSE 100 finishes more than 1% down

  • Inflation dips to 2.4% in April

  • M&S sales and profits slide

  • Uber offers drivers sick pay to European drivers

  1. Europe's share markets slidepublished at 16:05 British Summer Time 23 May 2018

    Europe's main stock markets are seeing a selloff, due to worries about the Turkish lira's weakness, Italy's post-election uncertainty, and slower German economic growth.

    Add to that trade tensions between the US and China, and it's proving a pretty toxic mix.

    The FTSE 100 is down 1.3%, while France's CAC and Germany's Dax have slipped 1.5% and 1.7% respectively.

  2. Have your say: M&S, 'out of stock, out of touch, out of time'published at 15:49 British Summer Time 23 May 2018

    M&S storeImage source, PA

    Livepage readers continue to send their suggestions for improving M&S (not all of them usable on a family-friendly website). Here's a few more.

    "As a shareholder but also a customer I am astounded by chief executive Steve Rowe's statement “we need to modernise”, says Chris Wharam. "M&S needed to re-modernise about 20 years ago and tried to convince everyone that it was so doing.

    "Not only are the tills slow at processing transactions, so are the board of executives at M&S in implementing change. M&S will for the foreseeable future be playing the game of catch up, only of course in true M&S style, slowly!"

    Faye Wilson is also concerned about slowness. "The thing that makes me so impatient when being served at M&S (and this is all their stores) is the very slow till service. Not the M&S assistants, the actual system they use in stores is SO slow. That is one thing they could improve to help customer satisfaction."

    Chris Downing writes: "I shopped recently at Glasgow's Argyle Street store. It was a miserable experience. You would think they might have discovered a simple way to stack jeans so the buyer could find the right size without problem. No chance.

    "Having eventually found what I needed, the experience in the changing room was awful. It was hot and airless. Apparently there is no aircon in that store. Finding shoes was almost as bad."

    He's not alone in being unable to find what he wanted. Says Chris Litherland: "I've just come back from their Cheshire Oaks store, which, when opened 6 or 7 years ago, was supposed to be their second largest store in the world. I wanted to buy a pair of standard navy blue trousers in size W36/L31." It seems there was everything but... "M&S: out of stock, out of touch and out of time!"

  3. HMRC bosses warn post-Brexit customs regime could cost business billionspublished at 15:42 British Summer Time 23 May 2018

    The BBC's Norman Smith at the Treasury Committee

    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post
    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post 2

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post 2
    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post 3

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post 3
    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post 4

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post 4
  4. Brexit uncertainty 'putting extra pressure on farmers'published at 15:08 British Summer Time 23 May 2018

    A new report says supermarkets are pushing farmers in Worcestershire to provide fruit and vegetables all year round, because of Brexit and the uncertainty it's brought.

    The paper, commissioned by Wychavon District Council, also highlights a potential shortage of labour once we leave the EU.

    Fruit and vegImage source, Getty Images

    The report says the government needs to do more work to ensure there is a plan for food production after Britain leaves the EU.

    Earlier this month, MPs heard both the government's environment and trade departments were being "left in the dark" about how to prepare for Brexit.

    At the time, the government said Whitehall was "rising to the challenge".

  5. Wall Street opens lowerpublished at 14:59 British Summer Time 23 May 2018

    Wall Street slipped at the open as US President Donald Trump cast fresh doubts over current US-China trade talks and investors awaited a Federal Reserve report for cues on pace of future interest rate hikes.

    The Dow Jones fell 0.31% to 24,757.7 points, while the S&P 500 opened 0.38% lower at 2,713.9. The Nasdaq fell 0.59% to 7,335.

  6. BMW cars found to contain more than a dozen flawspublished at 14:37 British Summer Time 23 May 2018

    BMW dashboardImage source, Keen Lab

    BMW's car computer systems have been found to contain 14 separate flaws, according to a study by a Chinese cyber-security lab.

    They could, in theory, let hackers take at least partial control of affected vehicles while in uses.

    The researchers identified ways to compromise the cars by plugging in infected USB sticks, as well via contactless means including Bluetooth and the vehicles' own 3G/4G data links.

    BMW is working on fixes. Its customers have been advised to keep an eye out for software updates and other counter-measures from the German company over the coming months.

    You can read more here.

  7. Have your say: M&S, what about the men?published at 14:22 British Summer Time 23 May 2018

    M&S clothesImage source, M&S

    M&S heavily promotes womenswear, but reader Thomas Lloyd, 46, says: "Bring back menswear ranges such as SP and Coast - I don’t want too look like a 70-year-old!

    "Become more competitive with the likes of T M Lewins. I can get 4 high quality work shirts from the latter for £25 each - Marks is at least £30 and they are not as high quality.

    "Stock smaller and larger sizes instead of directing customers to the website. I don’t want to bother with all that - I just want to be able to find the right size in stock.

    "Make your high street stores more like the ones in Newcastle and Harrogate which have fantastic layout and services."

    "Finally, offer same day home delivery for both groceries and general merchandise from local stores similar to the Argos model which is a “wow” service."

  8. Inflation is easing but for how long?published at 13:56 British Summer Time 23 May 2018

    Kamal Ahmed
    Economics editor

    With wage growth strengthening and the rate of inflation falling more rapidly than expected, our incomes are finally starting to rise in real terms.

    It is all relative, of course.

    After a decade of income stagnation, any increases, although welcome, will need to be sustained before people are convinced that their household finances are really looking up.

    Wednesday's fall in the inflation rate will be welcomed by many consumers.

    But it is worth noting that there are still plenty of inflationary pressures ahead which may make this decline the last for a while.

    Read Kamal's full blog here.

  9. Facebook wants your naked photospublished at 13:36 British Summer Time 23 May 2018

    Facebook logoImage source, Getty Images

    Facebook is asking British users to send naked photos of themselves to the social network, to try to stop revenge porn.

    If you're worried an intimate photo of you could be shared by someone else, the idea is to get it blocked before it appears online.

    Similar technology is used to try to stop the spread of child abuse images.

    Facebook's been testing the system in Australia and is extending the trial to the UK, the USA and Canada.

    A spokesman told Newsbeat the idea is open to people in the UK now.

    Read the full story here

  10. Ralph Lauren back in profitpublished at 13:28 British Summer Time 23 May 2018

    Ralph Lauren modelsImage source, Getty Images

    Preppy fashion label, Ralph Lauren returned to profit in the fourth quarter of its financial year.

    The New York based firm said , externalit made $41.3m in the three months to 31 March, compared with a loss of $2014m during the same period last year.

    Net revenue fell to $1.53bn, compared with $1.57bn - a better-than-expected performance.

  11. Uber drivers get benefitspublished at 13:18 British Summer Time 23 May 2018

    BBC technology correspondent tweets

    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post
  12. Comcast 'considering a superior all cash offer for Fox'published at 13:11 British Summer Time 23 May 2018
    Breaking

    Comcast has announced that it is in the "advanced stages of preparing" an offer for the businesses that 21st Century Fox has agreed to sell to Disney.

    21st Century Fox has agreed to sell its entertainment assets to Disney for $52.4bn.

    This includes the 20th Century Fox film studio as well as US cable networks, including the National Geographic Channel.

    The assets in question do not include the Fox News Channel, Fox Business Network, Fox Broadcasting Company and certain other assets.

  13. Trump tweets on tradepublished at 13:06 British Summer Time 23 May 2018

    On Tuesday US President Donald Trump said he wasn't pleased with recent trade talks between the US and China.

    His remarks raised fears that the two countries would yet be drawn into a global trade war.

    Today, the President has been tweeting.

    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post
  14. Why is London property getting cheaper?published at 12:58 British Summer Time 23 May 2018

    London house price growth has gone negative.

    For a statistician's take on what's going on, click on the blog below.

    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post
  15. Have your say: An M&S for everyonepublished at 12:44 British Summer Time 23 May 2018

    Rosie for AutographImage source, M&S
    Image caption,

    Rosie for Autograph nightwear

    Reader Gemma Ritchie has emailed in to say the she, "like a lot of the British public" love M&S.

    "But at 30 years old, I am one of the few in my friendship group that would shop there for clothes as well as food," she says.

    She reckons M&S could improve in a number of areas:

    • Revamp stores in high performing areas. "I work near the Fenchurch Street store in the City and it has got so dated. I grew up near the Sprucefield Store in Northern Ireland... which opened a lovely high end deli counter/cafe where you could sip on a glass of bubbles and order some delicious plates - more stores need this."
    • Improve online especially the app. "It is not easy enough to navigate."
    • Represent all women. "My friends and I love the Rosie for Autograph brand but they probably do need a curvaceous ambassador also."

    What do you think? Is M&S great just the way it is or what needs to be improved?

    Email us at bizlivepage@bbc.co.uk

  16. JLR: Overseas sales 'offset challenging UK conditions'published at 12:33 British Summer Time 23 May 2018

    JLR productionImage source, Getty Images

    More on those Jaguar Land Rover Results which cover the year to 21 March.

    Chief executive Ralf Speth said: “Despite external headwinds, these results reflect the underlying strengths of Jaguar Land Rover.

    "Sales have reached a new high. Strong demand in our key overseas markets has offset the challenging conditions in the UK and other parts of Europe.

    "As we mark the first ten years of Tata ownership, our focus is on shaping our future and we will continue with over-proportional investment in new vehicles, manufacturing facilities and next-generation automotive technologies in line with our autonomous, connected, electric and shared strategy.”

  17. Jaguar Land Rover sales rise 6%published at 12:24 British Summer Time 23 May 2018

    Red Range RoverImage source, Getty Images

    Some more company results, now and Jaguar Land Rover has just released full-year results.

    The company, owned by India's Tata Motors, saw its sales rise by 6% at £25.8bn, and it made pre-tax profits of £1.5bn.

    It also reported unit retail sales increased by 1.7% to 614,309 cars.

    Demand rose by nearly 20% in China, with sales in North America up by 4.7% and in other overseas markets by 3.4%.

  18. Listen: How profitable are pants?published at 12:11 British Summer Time 23 May 2018

    More on what's gone wrong at M&S now - and in case you missed it, here's another chance to hear the World at One's interview with two titans of the retail industry, Mary Portas and Lord Haskins.

    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post
  19. 'England facing water shortages'published at 11:56 British Summer Time 23 May 2018

    ReservoirImage source, Getty Images

    England is facing water supply shortages by 2050 unless rapid action is taken to curb water use and wastage, the Environment Agency has warned.

    Its new report says enough water to meet the needs of 20 million people is lost through leakage every day.

    Population growth and the impact of climate change are expected to add to supply pressures.

    The agency wants people to have a personal water target and has urged them to use water more wisely at home.

    Read the full story here

  20. Frankie and Benny's owner hit by bad weatherpublished at 11:45 British Summer Time 23 May 2018

    Exterior of Frankie and Benny's branchImage source, Google

    Sales at The Restaurant Group, owner of Frankie and Benny's and Garfunkel's were hit by bad weather at the start of the year.

    The group, which also owns Joe's Kitchen and Chiquo, is also vulnerable to the downturn in casual dining, as consumers cut back.

    Like-for-like sales, which strip out branches open for less than a year, saw a fall of 4.3% in the 20 weeks to 20 May.

    "Trading in the period was heavily impacted by the adverse weather and on an underlying basis, excluding the impact of snow, like-for-like sales were down 3.1%," the company said.

    The group is in the midst of a shake-up including involving restaurant closures and has closed 26 out of a planned 41 branches so far this year.