BBC Business Live

Giuseppe Lavazza, vice-chairman of the Lavazza coffee group, is talking about Brexit.

The Italian firm, which sponsors Wimbledon, will be watching the UK's trade negotiations with the EU very closely, he says. 

Mr Lavazza, who set up the UK subsidiary, say it's still very committed to "business as usual" in Britain, although it will need to mitigate the drop in the pound.

But how does he take his coffee? Short espresso, of course. Is there any other way for a true Italian?

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Suzuki Motor has appointed Toshihiro Suzuki, son of chairman Osamu Suzuki, as its new chief executive as the Japanese car maker tries to recover from a vehicle testing scandal. 

The appointment comes after patriarch Osamu Suzuki (pictured) said earlier this month that he would not take up the chief executive role position to take responsibility for its use of incorrect testing methods when calculating vehicle mileage. 

Image source, Dixons Carphone

Shares in Dixons Carphone are down almost 2.5% despite the company's reasonably impressive results. 

George Salmon, investment analyst at Hargreaves Lansdown, says it is benefiting from being the last man standing on the UK high street for electrical items:

"Despite macroeconomic conditions being far from favourable in many areas, market share is increasing, and sales are heading in the right direction across the board. However, the vote to leave the EU has knocked the share price, which is unsurprising given the group’s exposure to the UK consumer and weaker European economies.

"Dixons Carphone also faces a structural threat from online retailers like Amazon and eBay, who have cost advantages like lower rent, fewer staff and less onerous business rate burdens. To keep earnings on the up and up, Dixons Carphone needs to keep customers coming through the doors. A key factor in their success will be the service and knowledge of their sales staff, as this is one area where the group holds a potential trump card in the battle against the online retailers."

The BBC's John Moylan is at the Society of Motor Manufacturers and Traders (SMMT) conference, where the chief executive of Toyota Europe and Business Secretary Sajid Javid will be speaking later. He has this from the head of SMMT...

Connor Campbell at Spreadex says the FTSE 100 is now nearing 6,250, leaving the index about 100 points away from the highs it hit before the referendum results were announced on Friday. 

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In the opening minutes the FTSE 100 nudged above 6,242 points - where the index was at the start of the year. It's the first time the blue-chip index has hit that level since the Brexit vote.

Barclays is the biggest riser, with Old Mutual and Lloyds Banking Group also among the highest gainers this morning, all adding more than 3%. 

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France's 10-year government bond yield fell to a new record low - down as far as 0.235% - amid expectations for further monetary stimulus to offset the negative impact of last week's Brexit vote on the eurozone economy. 

The yield sunk as . Southern European bond yields tumbled by 4 to 5 basis points, with Spain's 10-year bond yield falling to 1.273% - its lowest level since April 2015 - and the Italian yield down 6 basis points to 1.266%.  

Today Programme
BBC Radio 4

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Business Secretary Sajid Javid is running alongside Work and Pensions Secretary Stephen Crabb (pictured below) for the Conservative leadership, and tells Today he will be Chancellor if they win.

Pushed on whether he can do the job given that he chose not to back the Leave camp, he says there is no distinction now between those who were in or out.

There will be "no going back" on the outcome and "no second referendum", Mr Javid insists. "In some ways we're all Brexiteers now."

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The bookies were right (this time anyway): the FTSE 100 has jumped 1.7% to about 6,242 points as trading gets underway.

The FTSE 250 is also up about 1.6% at 17,575 points.

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Annual profits at Stagecoach, external have sunk £60.8m to £104.4m despite higher revenue from its rail operations, which include South Western and East Coast trains. The bottom line was also affected by weakness in bus travel between big cities following the November Paris terror attacks.

Stagecoach also said it would sell the retail operations of its Megabus business in Europe.  

Excluding some one-off items, profits rose £2.4m to £187.4m.

In response to the Brexit vote, chief executive Martin Griffiths said: "Although we have little business in Europe outside the UK, we acknowledge the referendum result may lead to continuing economic, consumer and political uncertainty."

He added: "Public transport also faces the challenge from sustained lower fuel prices, the related effects of car and air competition, as well as traveller concerns over global security."

Shares are down more than a quarter this year, leaving the company worth £1.2bn.

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Stock markets in Asia have made more gains on Wednesday, continuing the positive lead set by the US and Europe. 

Japan's Nikkei finished the day 1.6% higher, while the ASX/200 in Sydney closed 0.8% up and the Kospi in South Korea wrapped the day 1% higher.

China is still trading and Hong Kong's Hang Seng is up 0.7% while the mainland Shanghai Composite is only slightly lower with gains of 0.5%.

BBC Scotland's Douglas Fraser tweets...

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UK house prices rose 0.2% in June, according to Nationwide - the same as the previous two months - but the annual rate of growth rose to a higher-than-expected 5.1% from 4.7%.

Nationwide economist Robert Gardner said it was too early to judge the impact of the Brexit vote on the housing market, but a lack of properties for sale and low unemployment were likely to keep prices high.  

Image source, Greene King

Greene King - which runs more than 3,000 pubs and restaurants across the UK - says it can cope with any slowdown in consumer spending caused by the EU referendum result.

The FTSE 250 firm says it has a track record of performing well in challenging circumstances and has been bolstered by its £775m takeover of the Spirit pub group.  

Greene King has posted, external a 60% rise in profits for the year to 1 May and exceeded £2bn in revenue for the first time following the Spirit takeover.

Its shares have fallen 15% since the Brexit vote - and 18% since the start of the year. 

Image source, Dixons Carphone

Dixons Carphone, external has posted a 17% rise in profits to £447m for the 12 months to 30 April today, with revenues up 5%.

Chief executive Seb James is understandably quite pleased in what he describes as a "momentous year".

But with Brexit what will the coming 12 months bring? "As the strongest player in our market and despite the volatility that is the inevitable consequence of such change, we expect to find opportunities for additional growth and further consolidate our position as the leader in the UK market."

The company has not been immune to the stock market slide in recent days, however, with its shares down 18% in the past few days and almost a third lower since the start of the year.

Today Programme
BBC Radio 4

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Lest we forget there is some other business news apart from Brexit, there's another select committee hearing taking place this morning on the collapse of BHS. This time it's the turn of senior Goldman Sachs bankers to be in the hot seat, including Michael Sherwood - who has long been an associate of former BHS owner Sir Philip Green. 

The retail tycoon took informal advice from Goldmans about the sale of BHS and MPs will want to know what the investment bank knew and what checks it did on Dominic Chappell, the former bankrupt who bought the retailer from Sir Philip for £1.

Sunday Times business reporter Oliver Shah tells Today it's fascinating how Sir Philip has turned on his former ally: “Now with his back to the wall he’s prepared to point the finger at Goldman Sachs.”

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European stock markets are set to open higher again today, according to the bookies, with London expected to be up 1% at the get-go. 

Michael Hewson, chief market analyst at CMC Markets, said: "With no likelihood of Article 50 of the Lisbon Treaty getting triggered any time soon, it seems that the status quo isn't likely to change in the short term. Whilst that doesn't remove the uncertainty with respect to the eventual outcome, it also means that markets are going to have plenty of time to settle into their new found reality and equilibrium, as the extra time allotted could well see cooler heads prevail." 

The FTSE 100 added almost 160 points, or 2.6%, at 6,140 yesterday - reversing some of the ground lost in the past couple of days. Clothing retailer Next was one of the biggest risers, jumping almost 10%.

Today Programme
BBC Radio 4

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Gerard Lyons - a Leave-supporting economist and adviser to Boris Johnson - has been talking about passporting on the Today Programme. That's the term for UK financial businesses being allowed to operate in the European Union, or vice versa. 

Following the Brexit vote that's now a big concern for the City, but Dr Lyons points out that a new set of global financial rules called Mifid 2 will come into effect in 2018. He describes them as a "very important safety valve" for the City as it brings about "regulatory equivalence". 

He argues that will allow countries such as the UK (if it is then no longer in the EU) to sell financial services into the union or European Economic Area. 

Before then the issue of passporting needs to be addressed, Dr Lyons says. However, other countries will also need to passport into the UK given London's prominence as a global financial centre. He argues that the capital needs to position itself for global opportunities such as remnimbi trading and Islamic finance.

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Japanese carmaker Toyota says it will recall 1.43 million vehicles worldwide over faulty airbags.

The cars affected are Prius and Lexus models from 2008 to 2012 and the fault could lead to a partial inflation of airbags inside the vehicles, raising possible injury risks.

Toyota and other carmakers have been rocked by millions of recalls over problems with airbags from Japanese manufacturer Takata. The latest recall does not involve Takata products and the problem has not been linked to any fatalities or injuries.

Shares in Toyota are up by around 3%.