Summary

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

  • The Treasury says it doesn't recognise a report that the Bank of England governor has been asked to stay on for another year

  • FTSE 100 rises

  • Mike Ashley attacks "greedy landlords"

  • Wonga teeters on the brink

  • Countrywide asking shareholders for £140m

  • Bunzl profits up as it buys into Norway

  1. Good nightpublished at 22:35 British Summer Time 28 August 2018

    That's all for tonight, folks. Do join us again tomorrow from 06:00.

  2. Magic carpets?published at 21:00

    A carpet manufacturer from Kidderminster is the best performing stock in the UK, according to Bloomberg, external.

    But there's a sting in the tail. The magic carpet ride may be about to get bumpier, the article says.

  3. Depressed? Try talking to this botpublished at 20:45

    Chatbots are being taught to assist people in dealing with mental health issues such as anxiety and depression. The bots do not treat or diagnose - but human therapists have some reservations about the tech.

    Media caption,

    The mental health chatbot

  4. Ferraris outpace Wall Streetpublished at 21:15

    FerrariImage source, Getty Images

    Despite a record-breaking bull run, the US stock market is left in the dust... by vintage cars.

    Bloomberg reports, external that the value of collectable Ferraris nearly tripled during the past decade.

    That's compared to a 150% increase in shares on Wall St.

  5. Cheques and balancespublished at 21:20

    Live Page reader Patricia Ellis, managing director of Wizard Video Productions, writes:

    "Our company films shows for dance schools and amateur dramatic groups.

    "They often use cheques to collect the payments for DVDs or downloads.

    "The payments are then sent directly onto us. If individual parents paid by phoning or paying online, we would need extra personnel to handle the extra admin."

    But reader John Kersley writes: "In the UK I don't remember the last time I wrote a cheque and I don't like receiving them because of the need to visit a bank.

    "However, I spend a lot of time in the South of France where the use of cheques is far more common.

    "It is painful waiting at the supermarket checkout waiting while customer after customer writes out their cheque.

    "Fortunately here in the UK the cheque is dying and good riddance."

  6. May promotes whisky in Africapublished at 20:08 British Summer Time 28 August 2018

    A glass of whisky being sampled against a backdrop of bottlesImage source, Getty Images

    A group representing Scotch whisky has joined the prime minister on her trade-boosting visit to Africa.

    The trip began this morning and is aimed at building new investment, trade and export ties with emerging markets.

    Theresa May said: "Scotch whisky is known the world over for its quality and heritage, and I want to see Scottish industry make the most of the opportunities that lie ahead in the vibrant, emerging markets across Africa."

    Earlier this year, Scotch Whisky was registered as a trademark in South Africa, the seventh largest market by volume - with nearly 100 bottles shipped there every minute.

  7. Poverty in Americapublished at 19:48 British Summer Time 28 August 2018

    Homeless manImage source, Getty Images

    An astonishing statistic opens AP's write-up of an Urban Institute survey on hardship in America.

    "Despite a strong economy, about 40% of American families struggled to meet at least one of their basic needs last year, including paying for food, health care, housing or utilities."

    That's during a period of record low unemployment, too.

    Well worth a read., external

  8. Cheque your cash flowpublished at 19:20 British Summer Time 28 August 2018

    Business Live page readers have been debating the merits and otherwise of cheques.

    John Baker writes about a bit of a shady business practice by one of his former customers:

    "When I was a business banking manager had a customer who collected invoices to settle one day a month.

    "Reviewed them, happy, wrote a cheque, placed in envelope with first class stamp, placed in safe and transferred funds to a savings account.

    "If a customer contacted to chase late payment, he apologised, promised cheque in post first class. Sent cheque, money from savings to current account.

    "The amount of money he had in the savings account grew month on month.

    "Not his problem if others have a poor book-keeping system!"

  9. Swedish city slashes emissions and 'thrives'published at 19:06 British Summer Time 28 August 2018

    Vaxjo power plantImage source, g

    One of the reasons some politicians give for not seeking to cut greenhouse gas emissions is that it would slow a country's economy.

    Donald Trump, for example, announced he was pulling the US out of the Paris climate accord to benefit the US economy.

    However, cutting emissions need not necessarily stifle economic development, the World Economic Forum says, external.

    It gives the example of the Swedish city of Vaxjo, which more than halved carbon dioxide emissions between 1993 and 2016, while local gross domestic product rose 32% between 1993 and 2014.

  10. Farming boom devours Brazil's savannahpublished at 18:45 British Summer Time 28 August 2018

    Soy beans planted in the CerradoImage source, Getty Images

    While Brazil has slowed down the destruction of its rainforests, the trade-off has been putting another vital ecological area at risk, Reuters reports, external.

    The savannah region known as the Cerrado is being rapidly lost to agribusiness, Reuters reports.

    Farmers see the development of the area as critical to food security.

  11. Yum China 'rejects buyout offer'published at 17:58 British Summer Time 28 August 2018

    KFC in ChinaImage source, Getty Images

    Yum China, the operator of KFC, Pizza Hut and Taco Bell restaurants in China, has rejected a buyout offer of $46 per share from Chinese investment firm Hillhouse Capital, CNBC reports, external, citing Dow Jones.

    The company's shares rose 7% to $38.32 in afternoon trading.

  12. Cheque matepublished at 17:02 British Summer Time 28 August 2018

    Business Live page reader Phil McAllister makes an interesting point about payments for Blue Badge disability parking permits as readers share their views on cheques.

    Mr McAllister says: "My local council - Somerset - will not accept cash for Blue Badge payments."

    He says payments must be made either by card, postal order, or cheque.

    However, the council doesn't specify when card payments will be collected, and a charge is made for postal orders.

    "Those on low incomes cannot afford to guess when a payment is going out of their account. They cannot afford to pay for postal orders and of course cheques are free.

    "Cheques are still being used, I assure you! Keep smiling."

    Meanwhile, Live Page reader Robin Turner says: "In common with many parents, I pay for school trips and outings by cheque. It's how many schools prefer it as it is safer."

  13. Could Google searches be regulated?published at 16:17 British Summer Time 28 August 2018

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  14. Cheque your securitypublished at 15:55 British Summer Time 28 August 2018

    Business Live page readers are giving their views of cheques and whether they are becoming obsolete.

    Not everyone is in favour of cheques. Colin Brown says: "It's odd that some people prefer the 'security' of cheques to internet banking.

    "Yet a cheque contains full details of your name and bank account, plus a perfect copy of your signature. And sometimes people even write their address on the back as well."

    Lawrie Bryans writes: "If cheques disappear, there are still postal orders. Better and safer for the receiver as they can't bounce!"

  15. Google denies political biaspublished at 15:36 British Summer Time 28 August 2018

    Donald TrumpImage source, Reuters

    Google has responded to an unsubstantiated claim from US President Donald Trump that Google has rigged search results to prioritise negative news stories about him and that Google and others are "suppressing voices of conservatives".

    Google says: "Search is not used to set a political agenda and we don't bias our results toward any political ideology."

    "Every year, we issue hundreds of improvements to our algorithms to ensure they surface high-quality content in response to users' queries.

    "We continually work to improve Google Search and we never rank search results to manipulate political sentiment."

  16. Canadian dollar nears three month highpublished at 15:20 British Summer Time 28 August 2018

    Steve MnuchinImage source, Getty Images

    The Canadian dollar has strengthened to a nearly three-month high against its US counterpart on the back of Canada potentially reaching a deal with the US to overhaul the North American Free Trade Agreement.

    US Treasury Secretary Steve Mnuchin said he believed the US can reach a trade deal with Canada this week after coming to an agreement with Mexico.

  17. 'There will always be a place for cheques'published at 15:05 British Summer Time 28 August 2018

    circa 1920: A smiling Marion Davies signs a cheque on Sid Grauman's shoulder for tickets to 'The Broadway Melody'.Image source, Getty Images

    Business Live page readers have been writing in with their views on cheques.

    Richard Lovell writes: "I still use cheques for gifts to young relatives: they enjoy the novelty and 'specialness' of the method.

    "However, the biggest problem has been getting my bank, Barclays, to issue a new chequebook. Traditional methods - sending off the request form from the back of the chequebook - no longer work."

    Helen Sydney also sends cheques as gifts: "Cheques written to open bank accounts, pay our NFU car insurance, pay our decorator, pay the heating service company, send money as a present etc., etc.,

    "There will always be a place for cheques."

  18. Wall Street opens higherpublished at 14:41 British Summer Time 28 August 2018

    Wall Street tradersImage source, Getty Images

    US stocks have opened higher after the US and Mexico a revamp for the Nafta trade deal on Monday.

    The S&P 500 and the Nasdaq Composite index opened at record levels, lifted by hopes that a trade deal will go some way to averting a global trade war.

    The Dow Jones Industrial Average rose 43.06 points, or 0.17%, at the open to 26,092.70. The S&P 500 opened higher by 4.71 points, or 0.16%, at 2,901.45. The Nasdaq Composite gained 21.11 points, or 0.26%, to 8,039.01.

  19. 'Ideal if Carney stays on as Governor'published at 14:36 British Summer Time 28 August 2018

    SandcastleImage source, Getty Images

    It would be "ideal if [Mark] Carney decided to remain at the helm of the Bank of England for longer", according to Silvia Dall’Angelo, a senior economist at Hermes Investment Management.

    "It would provide continuity in the approach to monetary policy, shoring up business and consumer sentiment during the Brexit process and potentially allowing for a smoother transition.

    "Reports he was asked to stay on until 2020 suggest there is broad-based awareness that continuity is needed at such a crucial juncture for the country."