BoE governor Mark Carney says rates could fall as soon as July
London shares close higher London and Wall Street also rises
Rupert Murdoch buys TalkSport owner the Wireless Group
Government to delay airport expansion decision
Brexit may derail UK Tata Steel sale
Singapore bank halts UK property loans
Image source, Getty ImagesAnd in another deal today, US film studio Lionsgate Entertainment - maker of the Hunger Games and Divergent franchises - will buy US pay TV operator Starz in a $4.4bn (£3.3bn) deal.
Starz says Lionsgate expects the deal to "generate significant synergies and create a whole that is greater than sum of its parts".
Rupert Murdoch's News Corporation has made a surprise push into radio in a £220m deal to buy TalkSport owner the Wireless Group (formerly UTV).
News has offered 315 pence for very Wireless share - 70.3% higher than Wireless's closing share price last year.
Image source, Getty ImagesWell this is a relief indeed - Russian president Vladimir Putin has given his view on Brexit:
"The referendum results ... have rocked the markets, but in the medium term everything will recover."
Is Mr Putin measuring how far the pound has fallen since Friday? Who can say...
Joe Lynam
Business correspondent
Image source, Getty ImagesHSBC chairman Douglas Flint was speaking at a conference organised by banking lobby group TheCityUK and I asked him if the Brexit vote had caused any investment to be put on hold.
"In the run-up to the referendum there was clear evidence that people were putting investment plans on hold because there were a number of weeks or maybe even a month or so before people were saying 'let’s wait and see what happens', so yes, there was evidence. And I think we will see a slowdown in activity until we see some of the uncertainty that you referred to being mitigated," he says.
And how does he describe the mood in the City of London?
"Reflective ... I think messages were delivered that I think the population of the UK has made very clear and I think the City has to reflect that there needs to be better clarity as to why Europe and the single market is good for the country and how the distribution of the benefits of globalisation and being part of a broader market can be distributed more evenly."
Image source, Getty ImagesSpeaking of runways, acting British Chambers of Commerce boss Adam Marshall says that by delaying its decision on airport expansion, the government is missing a golden opportunity to stimulate business confidence.
"After the referendum vote, businesses have asked for stability, clarity and action. While the first two are tough to deliver, with markets and politics in flux, this decision and many others are entirely within the existing government's gift," he says.
"Businesses will see the latest delay to the runway decision as a cop out. It means a longer wait for connectivity to global markets for our exporters, and less work for suppliers who are keen for business. The government should reconsider swiftly, make a tough decision on a new runway, and look to support our aviation sector as a whole."
John Allan, chairman of Tesco and London First, tells the BBC that the UK economy is going to suffer due to the uncertainty caused by the Brexit vote:
Quote MessageThere's clearly going to be a significant downturn in inward investment over the next few years until there's greater certainty."
Mr Allan is also unhappy that the decision over a new runway in the South-East of England is being delayed:
Quote Message"I think it's a huge shame. This debate about where the additional runway capacity in the southeast should be located has been going on for years... And yet every politician I speak to agrees there is a need for more capacity and yet the decision keeps being put off so that is a huge shame and bad for the country.
John Allan, Chairman, Tesco and London First
Image source, PayPalPayPoint offers a smartphone parking payment service
Speaking of the FTSE 100, the blue chips have lost some of their earlier gains to be up less than 10 points, or 0.15%, at 6,369.
Royal Bank of Scotland is still the biggest faller, down more than 5%, while 3i and the miners make up the five biggest risers.
On the mid-cap FTSE 250, PayPoint has tumbled 8%, while esure is the big winner of the day, adding more than 12%.
The Brexit uncertainty has prompted UBS to cut its target for the FTSE 100 from 6,500 to 5,500 by the end of the year, basing the estimate on a fall in valuations to halfway between a recent peak and the crisis levels of 2012.
"We see a significant amount of uncertainty around the UK over the next few months. We do not know who the prime minister will be, or when, or if, Article 50 is invoked and there are even possibilities of a general election given the current fluidity of UK politics," UBS strategists said in a note. "This suggests a large degree of uncertainty around this target."
Image source, BloombergDid Boris Johnson move the currency markets? You can see from the chart above that the pound jumped against the dollar just before noon BST. That's around the time Boris Johnson announced that he would not stand for Prime Minister.
The pound was at $1.3493 a short while ago.
ETX Capital says there was a "short Boris bounce".
"But ultimately markets are a lot more concerned about what Mark Carney has to say later today."
The BBC's transport correspondent writes:
Richard Westcott
Transport correspondent
This is the third time I've written this analysis in the space of a few hours, it's been quite a morning.
Earlier today, the proposal to expand Heathrow took a major blow when the government deferred an airports decision to its next leader.
Boris Johnson was a front runner for the job and he's very hostile to the scheme.
But now he's stepped out of the race, things have become much less clear.
Theresa May and Michael Gove both have constituencies near Heathrow and they've both had to deal with a lot of noise complaints, especially when an experimental new flightpath upset a lot of residents a couple of years ago.
But neither has ever come out against building a third runway at the airport and it's not clear what they think now.
And all of that's assuming one of them becomes leader.
Boris Johnson has announced that he will not stand for British Prime Minister.
He was the favourite until this morning says BBC assistant political editor Norman Smith.
The decision by Michael Gove not to back him was behind the shock announcement, he said.
Fronting the Leave campaign has made him toxic to much of the country says Norman.
Image source, Getty ImagesAnd the suggestions for a Novak Djokovic wine continue to roll in. (The tennis star has bought five acres of land in his name Serbia where he plans to plant vineyards and build a winery, external, by the way.)
Any better suggestions? bizlivepage@bbc.co.uk
Business presenter Ben Thompson tweets:
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Image source, PAGatwick chief executive Stewart Wingate has issued a statement following the delay to announcing a new runway in the South East:
"Gatwick has a tiny fraction of the environmental impact of Heathrow, yet you get all of the same economic benefits, all of the same connections to short haul and long haul destinations, all at a cheaper price.
"When we look at whoever the next leader is, our intention will be simply to continue to press the merits of our case because we certainly believe we've got the strongest and only deliverable case."
Image source, Getty ImagesRoyal Bank of Scotland has fallen about 30% since the Brexit vote and is down a further 4% after being cut to "equal weight" from "overweight" by Morgan Stanley.
Analysts said in a note: "A prolonged, convoluted and costly Brexit will weigh on bank earnings - particularly through lower rates & volumes. For RBS, the net profit impact is higher owing to higher operating leverage."
Image source, Getty ImagesSouth Africa's competition watchdog has approved the merger of AB InBev and SABMiller, which paves the way towards completion of the global beer megadeal.
The Competition Tribunal approved the merger "subject to wide-ranging conditions designed to address both public interest and competition concerns".
In April InBev said it would sell the Peroni and Grolsch brands to Japan's Asahi as part of its SABMiller takeover.
Richard Westcott
Transport correspondent
Image source, Getty ImagesThe decision to delay airport expansion in the South East will be a huge blow for Heathrow.
The two favourites to be the next Prime Minister, Boris Johnson and Theresa May, are both sceptical about expanding the airport. Johnson is openly hostile, saying he would lie down in front of the bulldozers to stop it.
Neither of them might win the leadership contest. The current political turmoil must also cast doubt on the promise to make a runway decision this year.
There have been arguments about extra runways in southeast England since the planes had propellers.
This is yet another delay to a decision that frustrates business leaders and upsets anyone living under the flight path.
Image source, Getty ImagesEurozone inflation has scraped back into positive territory in June with a 0.1% rise for consumer prices, following a 0.1% fall in May, Eurostat said.
This was higher than the 0% forecast by analysts and was a welcome boost to the European Central Bank, which has struggled to boost prices in the eurozone.
Image source, Getty ImagesSo more suggestions for Novak Djokovic's first batch of wine. (see previous posts)
Nice squiggly line on those current account deficit figures out this morning from RBS Economics:
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