Summary

  • FTSE 100 exceeds pre-Brexit levels and FTSE 250 also ends day ahead.

  • Sterling rises against the dollar

  • Goldman Sachs banker rejects blame for BHS deal

  • Sir Philip Green demands apology for 'outrageous outburst' by MP Frank Field

  • Home Office man to lead 'Brexit Unit'

  1. Tokyo edges higherpublished at 06:30

    Asian traderImage source, AP

    Japan's share index has been given a boost by a meeting between Prime Minister Shinzo Abe, his finance minister and the Bank of Japan chief to discuss ways to contain fallout from Brexit. 

    The Nikkei was trading almost 300 points higher at 15,614 a short while ago, although that's still around 500 below where it was before the vote.

    "The panic selling in global markets has eased," Chihiro Ohta, a senior strategist with SMBC Nikko Securities, said. 

    "The fact that there's a meeting going on between the government and the Bank of Japan will serve as a psychological anchor."

    Elsewhere, Sydney's ASX is 1% higher, while Hong Kong and Shanghai are both up 0.6%. 

  2. Brexodus?published at 06:23 British Summer Time 29 June 2016

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  3. 'Extremely sombre'published at 06:18 British Summer Time 29 June 2016

    Business Secretary Sajid JavidImage source, EPA

    Business Secretary Sajid Javid held a Brexit summit with business leaders on Tuesday.

    "Extremely sombre" and "concerned" is how one of the attendees, Ian Wright, head of the Food and Drinks Federation, describes the meeting.

    "I don't think the level of concern had altered that much" by the end of the talks, he tells Radio 5 Live's Wake Up to Money.

    "We all feel it's now clear the Remain camp had no plan B, and the Leave camp had no plan at all," he says. 

    Mr Javid did give assurances that protecting the UK's access to the single market was a "number one priority... and we welcome that," Mr Wright adds.

  4. Relief rally?published at 06:08 British Summer Time 29 June 2016

    BBC Radio 5 Live

    The FTSE 100 ended 2.6% higher on Tuesday and the pound made modest gains. 

    So is this a relief rally? 

    Brenda Kelly, an independent markets analyst, says it's more like a "very small bounce".

    The market hasn't "exactly re-traced where it was" after the Brexit vote, and further volatility - with swings up as well as down - is likely, she says.

  5. Legal and General shrugs off Moody's cutpublished at 06:01 British Summer Time 29 June 2016

    BBC Radio 5 Live

    Legal and General chief executive Nigel WilsonImage source, Legal & General

    Legal and General was one of eight insurers whose credit outlook was cut by credit rating agency Moody's last night.

    The insurance group's chief executive Nigel Wilson (above) says the move was "wholly predictable".

    "There's a high degree of uncertainty and that's a natural response from the ratings agencies," Mr Wilson tells Radio 5 Live's Wake up to Money.

    "It doesn't mean there can't be a high degree of success."

    The firm's appetite for investment across the UK is "undiminished", he says, adding that "the UK is a great place to invest".

    Moody's also lowered its outlook on 12 UK banks overnight.

  6. Good morning!published at 06:00 British Summer Time 29 June 2016

    Vodafone logoImage source, Getty Images

    We'll be watching closely to see whether the markets continue to rebound on day six of Brexit. 

    Asian shares are making further modest gains - with the Nikkei in Tokyo nearly 2% higher - but the pound has slipped in early trading.

    Retailer Dixons Carphone and brewer Greene King are among the companies delivering results, and updates on the Brexit impact, following Vodafone's warning that it could move its headquarters outside of the UK.