Summary

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

  • Hotels owed £338m by Thomas Cook

  • Argos weighs on Sainsbury's Q2 sales...

  • ...as interim profits are set to fall by £50m

  • Hinkley Point nuclear delay may cost extra £2.9bn

Live Reporting

Dearbail Jordan and Simon Read

  1. 'Frivolous' Instagram cosmetic filler ads banned

    Today Programme
    BBC Radio 4

    Kylie Jenner and Kim Kardashian WestGetty Images

    Kylie Jenner and Kim Kardashian West

    How do you police advertising standards in the wide-open space of social media?

    The Advertising Standards Authority has banned three ads that were running on Instagram for cosmetic fillers - two of which appeared to promote Botox. They suggested that treatments could make them look like Kim Kardashian West and Kylie Jenner.

    Guy Parker, chief executive at the Advertising Standards Authority, said one advert was treating a procedure as a competition prize. “It’s treating it quite frivolously," he said.

    With Botox, it is prescription-only and you are not allowed to advertise. But not everyone knows this. To an average Instagram user, “it’s not obvious that advertising Botox is wrong,” he said. Have a look at Instagram today, though, and adverts like this are quite common.

    “There are size and scale challenges to regulating” social media, he said.

  2. Impeachment probe hit stocks

    The impeachment probe has put a dent in Asian shares. Chinese shares were already exposed to downside risks. Trump's comments likely increased those risks. There are worries about US consumer sentiment. There are also concerns that China's economic slowdown hasn't stopped."

    Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management

  3. Light at the end of Brexit?

    BBC Radio 5 Live

    Union Jack and EU flagGetty Images

    What impact are the delays over Brexit having on investment in the UK?

    Ian Anderson, political strategist and executive chairman of public relations agency Cicero, says: "I'm regularly in the US and in Asia and thinking about those major inward investors that look to bring jobs, bring businesses and bring investment into the UK, there hasn't exactly been an investment strike but over the past few months, particularly really since the start of the summer, inward investors are treading very, very, very carefully when it comes to the UK."

    There is some light at the end of the tunnel though.

    Mr Anderson says: "The good news in terms of what I hear is that if we can get through this moment over the next few months, if we can get a deal then I actually think there will be a heck of a lot of investment that starts to turn the taps back on again.

  4. Trump knocks Asia markets

    US President Donald TrumpReuters

    Stocks fells overnight in Asia as the US Democrats launched formal impeachment proceedings against Donald Trump and the President ramped up his rhetoric against China and its economic policy.

    The Hang Seng shed 282.26 points, falling 1.07% to 25,998.74.

    Nikkei dropped 0.37% to 22,016.72 while the Shanghai Composite Index gave up 0.61% to 2,967.15.

    Democrats opened to inquiry into Mr Trump over allegations he sought help from a foreign power to damage a political rival.

    Meanwhile, his comments on China cast doubts on whether a deal would be reach to end the trade war between the world's two largest economies.

    Not only has China declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers and the theft of intellectual property and also trade secrets on a grand scale.” “As far as America is concerned, those days are over.”

    US President Donald Trump, at the UN General Assembly in New York

  5. 'Prospect of no deal is significantly receding'

    BBC Radio 5 Live

    Prime Minister Boris Johnson will return to the UK from a United Nations General Assembly in New YorkGetty Images

    Prime Minister Boris Johnson will return to the UK from the United Nations General Assembly in New York

    Now that the Supreme Court has ruled that Boris Johnson's prorogation of Parliament was unlawful, what does it mean for companies preparing for Brexit on 31 October?

    "The big picture right now is that the prospect of no deal is significantly receding," says Ian Anderson, political strategist and executive chairman of public relations agency Cicero.

    "I think that is the most important thing to be able to say to businesses right now," he tells Wake Up to Money. "Because of Boris Johnson's own strategy, because of this prorogation which hasn't been a prorogation - it has been ruled to be unlawful as if it hasn't happened, something he didn't even need to do - and because of the legislation that MPs passed the bill to try and block a no-deal [Brexit] he's kind of boxed in.

    "So we may or we may not be leaving on 31 October. For most businesses, taking a no-deal Brexit off the table is better news."

  6. Thomas Cook: Advice on hotel payment

    The Civil Aviation Authority has set up a hotline for Thomas Cook holidaymakers to ring if they are having trouble with their hotel - like these people did.

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  7. Thomas Cook: Am I protected?

    Thomas Cook customers queue up to get on a flight back to the UKReuters

    Thomas Cook customers queue up to get on a flight back to the UK

    If you are on a package holiday,you are covered by the Atol scheme.

    • The scheme will pay for your accommodation abroad, although you may have to move to a different hotel or apartment
    • Atol will also pay to have you brought home if the airline is no longer operating
    • If you have a holiday booked in the future, you will also be refunded by the scheme
    • If you have booked a flight-only deal, you will need to apply to your travel insurance company or credit card and debit card provider to seek a refund

    What are your rights? Read more here.

  8. Good morning!

    Welcome to Business Live.

    The massive operation to fly customers of Thomas Cook home continues today as reports emerge that hotel-owners have effectively "held guests hostage" because businesses are concerned they will not get their money now the company has collapsed.

    Brexit is back in focus - not that it ever went away - as Prime Minister Boris Johnson travels back into the UK after the Supreme Court ruled that his suspension of Parliament was unlawful.

    What does this mean for Brexit and businesses now?

    As always, we'd love to hear from you whether you're a Thomas Cook customer or employee or perhaps you have some thoughts on the ruling and Brexit?

    Email Business Live at bizlivepage@bbc.co.uk