Summary

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

  • FTSE 100 turns negative

  • US and China impose tit-for-tat trade tariffs

  • Airbus chief attacks Brexit

  • House price growth slows in year to June

  1. Good nightpublished at 21:30

    BBC testcard

    That's it for this week on Business Live - thanks for reading. We'll be back bright and early at 06:00 on Monday.

    Do join us then for all the latest breaking news and analysis from the wonderful world of business.

  2. Wall Street ends slightly higherpublished at 21:15

    Wall StreetImage source, Getty Images

    Wall Street shares have ended slightly ahead, as strong growth in US jobs and gains in technology and pharmaceutical stocks offset market concerns of the burgeoning US-China trade war.

    The Dow Jones Industrial Average closed 0.4 per cent higher to 24,456.48.

    The S&P 500 finished 0.9 per cent ahead to 2,759.81.

    And finally, the tech-heavy Nasdaq ended 1.3 per cent up to 7,688.39.

  3. M&S wants us all to wear waistcoatspublished at 20:54 British Summer Time 6 July 2018

    Marks and Spencer's would like everyone to wear waistcoats tomorrow when England plays Sweden in the World Cup quarter finals.

    The retailer is the official tailor for the England team and says that sales of all M&S waistcoats has gone up by 35% since the World Cup started.

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  4. Tech Tent: Europe's copyright warpublished at 20:42 British Summer Time 6 July 2018

    Did European politicians succumb to pressure from Silicon Valley and its powerful lobbying machine when they voted down a measure which would have rewarded publishers and artists?

    This week's Tech Tent explores the surprise victory for the opponents of the EU copyright directive which ended up being sent back to the drawing board.

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  5. Frozen veg recalled over bacteria fearspublished at 20:20 British Summer Time 6 July 2018

    Frozen vegetablesImage source, AGF

    Supermarkets have recalled bags of frozen vegetables over fears they could contain a deadly bacteria.

    The 43 sweetcorn-based products have been withdrawn by major supermarket supplier Greenyard Frozen UK.

    The Food Standards Agency said the veg may contain listeria monocytogenes which can cause listeriosis, a rare illness responsible for the death of two people in the UK last year.

    Own-brand products for Tesco, Aldi and Sainsbury's are among those affected.

  6. Sonos raises concerns about trade warpublished at 20:02 British Summer Time 6 July 2018

    Sonos speakersImage source, Sono

    Wireless speaker brand Sonos has raised concerns about a US-China trade war having a potential serious impact on its business.

    “If significant tariffs or other restrictions are placed on Chinese imports or any related counter-measures are taken by China, our revenue and results of operations may be materially harmed,” the group said in its initial public offering filing with the US Securities and Exchange Commission.

    Sonos said that the Trump administration's steel and aluminium tariffs would not affect its business, however it was still concerned.

    It said: "If further tariffs are imposed on a broader range of imports, or if further retaliatory trade measures are taken by China or other countries in response to additional tariffs, we may be required to raise our prices, which may result in the loss of customers and harm our reputation and operating performance."

  7. Dundee FC 'named and shamed' on low wage listpublished at 19:40

    Dundee FC football groundsImage source, SNS

    Dundee Football Club is among the latest Scottish employers to be "named and shamed" for failing to pay staff the minimum wage.

    The club underpaid four players by a total of £2,134, according to figures released by the UK government.

    A total of 26 employers across Scotland were found to have underpaid 302 staff by a total of £60,000.

    The worst offender was named as diving charter firm Orkney and Shetland Charters.

  8. Train timetable troublespublished at 19:21 British Summer Time 6 July 2018

    Thameslink trainImage source, PA

    Thameslink and Great Northern have published their third new train timetable in just two months, in a bid to reduce the number of on-the-day train cancellations.

    However, some services will still be cancelled in advance.

    The problems with train services have been going on since a new timetable was introduced on 20 May.

    The new time table takes effect on 15 July and it will include about 200 more daily trains than the older timetables.

    The new version will also make provision for more drivers to be trained on new routes that are being introduced as part of the UK's rail modernisation programme.

    GTR chief operating officer Nick Brown said: "We apologise to passengers for the disruption caused by the introduction of the May timetable due to late approval of these routes.

    "The new timetable provides passengers with a more robust and reliable service, gives priority to peak hour trains and seeks to reduce gaps in the service. We encourage passengers affected by disruption to seek compensation."

  9. How will US farmers be impacted by a trade war?published at 18:55

    BBC World

    BBC News business correspondent Kim Gittleson tweets from America...

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  10. China and Russia hit back at Trump tariffspublished at 18:30 British Summer Time 6 July 2018

    US lobsters are among goods subject to Chinese retaliatory tariffsImage source, Reuters

    China and Russia have hit back after US tariffs on Chinese goods came into effect and President Donald Trump threatened to impose more.

    China's commerce ministry said it had lodged a new complaint with the World Trade Organization (WTO).

    Meanwhile, Russia said it would introduce extra duties on a range of products imported from the US.

    Beijing has accused the US of starting the "largest trade war in economic history".

  11. Wheatley Group secures EU funding for affordable housingpublished at 18:05 British Summer Time 6 July 2018

    Affordable housing in ScotlandImage source, Wheatley Group

    Scotland's largest social landlord has secured £185m of European Investment Bank (EIB) funding to help build and improve affordable housing.

    Wheatley Group is taking forward plans to build 7,500 affordable new homes throughout Scotland by 2025.

    The EIB loan was announced at an event in Glasgow attended by First Minister Nicola Sturgeon.

    Wheatley Group owns Glasgow Housing Association (GHA) - one of Europe's largest social landlords.

  12. How do you manage music artistes?published at 17:41 British Summer Time 6 July 2018

    BBC Radio 5 live

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  13. Finance jobs growth 'outstrips London'published at 17:26 British Summer Time 6 July 2018

    People working at a computerImage source, Getty Images

    Scotland has outpaced London in terms of jobs growth in financial services in the past year, according to a report.

    Industry-led body TheCityUK said the number of jobs in the sector north of the border grew by 6.6%, to 161,000.

    London saw a rise of 5% in the same period.

    The report found that financial and related professional services now accounted for 8.9% of the Scottish economy - the largest area contribution outside London.

  14. London closes flatpublished at 17:00

    London Stock ExchangeImage source, Getty Images

    London shares have closed flat, as the indexes wobbled in time to the US and China firing their first shots in the trade war.

    The FTSE 100 ended just 14.5 points or 0.2% higher to 7,617.70, led by ITV, which rose 4.3% to 180p as world cup fever lifted viewer figures to almost 24 million during the England-Colombia match on Tuesday.

    The FTSE 250 closed 2.8 points or 0.01% lower to 20,618.34. Top of the winners is British satellite communications firm Inmarsat, which dropped 8% to 483.8p after rejecting a second takeover bid from its US rival EchoStar.

  15. China files new complaint with WTOpublished at 16:35 British Summer Time 6 July 2018

    Media caption,

    US-China trade war: Why you should care

    China's commerce ministry said it has filed a new complaint with the World Trade Organization over tariffs imposed by the US.

    At the stroke of midnight on Friday, the Trump administration made good on its threat to impose 25% duties on about $34bn worth of Chinese goods.

    In response, China imposed a similar 25% tariff on 545 US products, also worth a total of $34bn. The Chinese government had previously said that it had no desire to engage in a trade row with the US, and would not "strike the first blow".

    By filing a complaint with the WTO, the issue will now go into the dispute settlement process. If the two countries cannot come to an agreement, the trade body can be asked to adjudicate over the matter.

  16. Coder charged over stolen surveillance toolspublished at 16:11 British Summer Time 6 July 2018

    A woman looking at an iPhone XImage source, Getty Images

    A programmer who allegedly tried to sell stolen surveillance tools worth $50m (£38m) on the dark web has been caught and charged in Israel.

    The software was reportedly stolen from a security firm called NSO Group, known for creating surveillance software.

    The former NSO developer is believed to have stolen the code after learning he was going to be sacked.

    Israel's Justice Ministry said if the sale had gone ahead it could have harmed state security.

  17. 'We're back!'published at 15:52 British Summer Time 6 July 2018

    Warburton's crumpet hamper

    Warburtons is keen to let us know that they have not been too badly affected by the ongoing carbon dioxide shortage, which has affected the production of crumpets, carbonated soft drinks and even shut down a swimming pool over the last week.

    BBC Business has been sent a hamper of crumpets and jam, with a message saying that Warburton's is back in business and crumpets are going back onto shelves.

    Warburton's, the UK's largest producer of crumpets, was forced to halt production at two of its four plants last week because of the shortage.

  18. Banks ordered to show tech back-up planspublished at 15:37 British Summer Time 6 July 2018

    Handing a debit card to a sales assistantImage source, Getty Images

    Following TSB's IT meltdown, UK banks have been told to explain how they would cope with a technology failure or cyber-attack.

    The Bank of England and the Financial Conduct Authority have given financial firms three months to detail how they would respond if their systems failed.

    Some TSB customers were left unable to access online banking for more than a month following a botched systems upgrade in April.

    Banks could be ordered to take action if their plans are judged to be poor.

  19. Wall Street opens flatpublished at 15:17

    Bull and little girl sculptures on Wall StreetImage source, Getty Images

    Wall Street shares have opened flat, as increasing concerns of a US-China trade battle severely impacting the global economy dragged indexes down on open.

    The Dow Jones Industrial Average is just 13.3 points or 0.05% higher to 24,370.05, led by fast food chain McDonald's, which rose 1.7% to $159.92 after announcing new baked goods for its McCafe menu at its redesigned restaurant "experience" venues in the US.

    The S&P 500 is 4.4 points or 0.2% ahead to 2,740.83, with the winners led by pharmaceutical firm Biogen, which shot up an epic 18.4% to $353.66 after announcing that its Alzheimer's drug had delivered positive results.

    And finally, the tech-heavy Nasdaq is 42 points or 0.6% higher to 7,629.12, led by Biogen and cyber-security firm Check Point Software, which jumped 2.5% to $102.49.

  20. Three YouTube vloggers die in waterfall plungepublished at 15:00

    Ryker Gamble, Alexey Lyakh and Megan ScraperImage source, High on Life

    Three members of a YouTube travel blogging collective have died after falling over a waterfall in Canada.

    Ryker Gamble, Alexey Lyakh and Megan Scraper were part of High On Life, who post videos of their travel adventures.

    Police said the trio were swimming at the top of Shannon Falls in British Columbia on Tuesday when they "slipped and fell into a pool 30m (98ft) below".

    Other members of the group, who have 1.1 million followers on Instagram and more than 500,000 YouTube subscribers, named the three on their memorial fund page and in a tribute video.