Summary

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

  • Carlos Ghosn is speaking to the press for the first time since he fled Japan

  • The former Nissan boss says fleeing Japan was "the hardest decision of his life"

  • Boeing 737 plane crashes in Iran

  • Stocks drop and oil prices rise on Iranian attacks

  • Argos drags down Sainsbury's like-for-like sales

  • Anglo American in takeover talks with Sirius Minerals

Live Reporting

Dearbail Jordan and Karen Hoggan

  1. Good morning

    Welcome to Business Live.

    A Boeing 737 plane flying out of Iran has crashed.

    It is not clear what caused the disaster on board the Ukraine International Airlines flight from Tehran to Kyiv and if it is linked to tensions between the US and Iran.

    However, it is the third crash involving a Boeing plane since October 2018.

    Markets are reacting to Iran's retaliatory attacks against US airbases and we'll be keeping an eye on that all day.

    Former Nissan boss Carlos Ghosn will finally talk about his "escape" from Japan to Lebanon when he holds a press conference later today - and hopefully say how he did it.

    And in the UK, Sainsbury's will reveal how it fared over the Christmas trading period. Will its sale growth surpass Morrisions which reported yesterday?