Business producer Mark Broad passes comment after George Osborne poses with a clothing start-up called Win or Lose.

Image source, Anglo American

The FTSE 100 was at 6,338.1 points before it dropped sharply following the outcome of the EU referendum. 

The blue-chip index is trading at about 6,295, so only needs to rise another 35 points or so to get back to that level.

Anglo American is the biggest riser - up 6%.

The FTSE 250, which is seen as a better barometer of UK business, was at 17,333.5 points before the Brexit vote. It's only at 15,791, despite a 288 point rise today.

Image source, Getty Images

Business producer Danielle Codd is at the SMMT conference in London:

The BHS inquiry is hearing how keen Sir Philip Green was to get Goldman Sachs' advice on the BHS deal. 

"Go to Goldman, go to Goldman," MPs sum up as Sir Philip's attitude, as they question Paul Budge, chief financial officer of his Arcadia group.

Image source, Getty Images

Sterling is up 0.4% against the dollar to $1.3397 - about  2 cents higher than Monday's 31-year lows.  

Thu Lan Nguyen, currency analyst at Commerzbank, said: "It would be far too early to think that tensions have completely eased. There is still considerable uncertainty as to what will happen in the UK following the Brexit referendum. The next few days will at least provide some clarity."

The euro rose to $1.1064, while the dollar steadied at 102.33 yen. 

Mark Sherwood, former property director of BHS, is also giving evidence to MPs today. The Guardian's Sarah Butler tweets:

Times banking editor Katherine Griffiths tweets:

Goldman Sachs vice chairman Michael Sherwood contradicts Sir Philip Green's claim that the bank had approved Dominic Chappell as a buyer of BHS, and rejects blame for collapse.  

Last word on Goldman Sachs' Michael Sherwood at the BHS hearing from Oliver Shah of the Sunday Times:

European markets are also sharply higher today, with the Dax in Frankfurt up 1.4% and the Cac in Paris adding 2.1%. Madrid and Milan are also 2% and 2.2% higher.

Image source, Reuters

A senior Goldman Sachs executive says the bank does not accept blame for the collapse of BHS following Sir Philip Green's sale of the retailer to former bankrupt Dominic Chappell (pictured).

"He never passed our sniff test," Michael Sherwood said of Mr Chappell.

Sir Philip told MPs two weeks ago that advice from Goldmans was one of the reasons he went through with the deal.  

"If I had a regret, which I do, it's that we had documented our role more clearly in writing," Mr Sherwood tells the probe into the chain's demise. "It was crystal clear in our mind what our role was," he says, and its role was "limited".

Business presenter Ben Thompson tweets:

Image source, Reuters

Goldman Sachs is reviewing its relationship with Sir Philip Green (pictured) "as all this has come to pass", senior executive Michael Sherwood tells MPs.

Asked if that means Goldmans would not work again for the retail tycoon, he says it depends on the nature of the deal.

Image source, Getty Images

Access to the single market has been a key factor behind the success of the UK car industry, its trade body the Society of Motor Manufacturers and Traders (SMMT) said, external, as it reported a 7.3% rise in turnover to a record £71.6bn last year. 

Four out of five cars made in the UK are exported, the SMMT said.

The number of people employed in the sector rose by 17,000 to 814,000.

Read more here.

Image source, Parliament Live

Looking to drive home the point that the bank only provided "preliminary observations" for the BHS deal, Goldman Sachs executive Anthony Gutman (pictured) says he only had one phone call and one meeting with buyer Dominic Chappell.

Earlier this month, Sir Philip told MPs he "one million per cent" would not have sold to Mr Chappell if Goldman Sachs had warned him not to.  

Sunday Times retail correspondent Oliver Shah tweets on the BHS hearing:

Image source, Parliament Live

MPs are pushing the Goldman Sachs executives on the role they played in Sir Philip Green's sale of BHS to former bankrupt Dominic Chappell for £1. 

The bank has been described as a "gatekeeper" for the deal, helping to reassure Sir Philip. "Gatekeeper is not our term," says Michael Sherwood, a Goldman vice chairman (pictured).

He repeats the bank's previous claims that the deal was "too small" for it to provide anything more than preliminary observations. 

MPs are also told that Goldman provides a range of services to Sir Philip, including helping to manage his family's wealth, which it has done since 2008.

Dixons Carphone chief executive Seb James tells business editor Simon Jack why the UK must stay in the single market in the wake of the Brexit vote.

Image source, Reuters

Three Goldman Sachs executives are appearing before MPs in the latest select committee hearing into the collapse of BHS.

Michael Sherwood, a vice chairman and a close ally of Sir Philip Green, is giving evidence, along with Anthony Gutman (who has appeared before) and Michael Casey.

Up later will be Paul Budge, finance chief of Sir Philip's Arcadia retail empire, who has been invited back - along with other BHS and Arcadia directors.