Image source, Getty Images

The rally in Nintendo continues... its shares have gained another 16%, making that an overall increase of 56% since the release of its new game Pokemon Go.

Nintendo has partnered with US-based developer Niantic and the Pokemon Company, which owns the rights to the characters.  

Want to know how it works? Click here.

And it's still an if at this point, this is how your mortgage could be affected:

David Davis, the newly-installed minister for Brexit, writes in an an article on Conservative Home, external that the government will take its time to trigger Article 50 - the process for leaving the EU - to give time to negotiate with the EU if it is "irrational" and insists on freedom of movement for single-market access.

"The ideal outcome, (and in my view the most likely, after a lot of wrangling) is continued tariff-free access. Once the European nations realise that we are not going to budge on control of our borders, they will want to talk, in their own interest.  There may be some complexities about rules of origin and narrowly-based regulatory compliance for exports into the EU, but that is all manageable.

But what if it they are irrational, as so many Remain-supporting commentators asserted they would be in the run up to the referendum?

This is one of the reasons for taking a little time before triggering Article 50."

He says the government will consult the Scots, Welsh, and Northern Ireland governments, "the City, CBI, TUC, small business bodies, the NFU, universities and research foundations."

He says this process should be completed and allow Article 50 to be triggered by the beginning of 2017 at least.

In the event that the UK would have to use WTO trade tariffs, a hit to, say, the car industry could be offset by tax breaks, he says.

Image source, Getty Images

The new secretary of state for Brexit - David Davis - has started setting out how he plans to tackle the job.

In an article on Conservative Home, external he says:

"We can do deals with our trading partners, and we can do them quickly. I would expect the new Prime Minister on 9 September to immediately trigger a large round of global trade deals with all our most favoured trade partners. I would expect that the negotiation phase of most of them to be concluded within between 12 and 24 months.  

He continues with: "We should also continue with the programme of lessening the tax burden. In particular, I would focus on reducing taxes that have a deleterious or distortive effect on growth."

Image source, Getty Images

Sales at the Japanese retailer Uniqlo - that's the one with clothes made out of all those high-tech materials - have risen. In Japan, they're up 11.1% and overseas sales are up 10.6%.

But the company that owns it, Fast Retailing, has cut its full year profit forecast for the third time this year, Bloomberg reports, external. Along with many other exporters in the country, it has been hit by the stronger yen.

Image source, AFP

Singapore's stock market has halted all trading because of a technical glitch.

Trading was supposed to resume at 2pm but that deadline has passed. 

Singapore Exchange, which is Southeast Asia's biggest bourse, said the suspension was due to "duplicated trade confirmation messages being generated".

Its systems have suffered from at least two malfunctions in the past year.

BBC Breakfast

The FTSE 100 has opened higher ahead of an expected rates cut decision by the Bank of England.

Shortly after opening the share index was 0.82% or 54.77 points higher at 6,725.28.

The FTSE 250 share index, which some see as a more accurate reflection of UK business, was up 0.64% or 108 points at 16,859.

The main share index in Tokyo - the Nikkei - has closed up 0.95% to close at 16,385.89. That's the fourth consecutive daily gain in a row, which means it has now recouped all the losses seen in the wake of the UK vote to leave the EU.

BBC Breakfast

So what's on the top of new Chancellor Philip Hammond's to-do list?

"Well, a series of meetings today with the Governor of the Bank of England and others to make an assessment of where the economy is. I think we have to distinguish the short-term from the medium and longer term. In the short-term, the decision to exit the European Union came as a surprise to the markets, a surprise... to business, and therefore it has rattled confidence, it has caused people to put plans on hold while they wait to see how things clarify. The fact that we've moved quickly to resolve the situation of the leadership of the Conservative Party and get a new Prime Minister installed I think will help to restore business and consumer confidence, and what we've got to do now is show as a team how we're going to take this negotiation with the European Union forward, how we're going to stabilise and support the economy through the coming months in order to help that confidence to be restored as quickly as possible."

Who knew the BBC's economics editor Kamal Ahmed was up to date on music as well as economics?

BBC Breakfast

Philip Hammond, who has taken over from George Osborne's job as Chancellor, says Mr Osborne's sacking was not to do with his policies.

"I don't think it's a policy issue... The new Prime Minister has a difficult job to build a team which re-unites the [Conservative] Party and re-unites the country and sends a signal about how we are going to take forward the decision that the British people made on 23 June, and how we're going to do it in a way that protects Britain's prosperity, and Britain's standing in the world, and by putting her team together in the way she has she is setting out how she intends to go about this task."

Today Programme
BBC Radio 4

Several High Street retailers have updated the market on trading.

Jon Copestake from the Economist Intelligence Unit says that it's too early to see any Brexit effect as they mostly just cover one week after the referendum.

"There are tough times ahead for retail," he says, not just because of Brexit, but because of the shift to online and changes to the way people shop.

And many of them will be hit by the fall in sterling he adds, saying it's "something of a double whammy" for retail firms. On the one hand you have the cost base going up for the company and on the other hand consumers are likely to rein in their spending.

It's going to be a question of brinkmanship, he says.

Image source, PA

Baby goods retailer Mothercare has said that it expects limited impact from Brexit as it reported its first quarter results.

Like-for-like sales rose up 1.2% "with the end-of-season sale brought forward by one week to clear stock following adverse weather in the quarter".

It said international sales had been boosted by the timing of Ramadan, which fell within the quarter.

Chief executive Mark Newton-Jones added: "We have not seen any immediate consumer reaction to the Brexit vote, but it is too early to call as we went into the end-of-season sale early. We hedge both dollar purchases and royalty receipts and we expect limited impact on our financial results this year."

In May Mothercare reported its first profit for five years.

Image source, PA

A raft of trading statements this morning - one from the bicycling retailer Halfords.

Like-for-like revenue has fallen 0.6% in the 13 weeks to July, down in part to a 4% fall in cycling sales.

"We had good sales growth of premium bikes but Cycling sales across the quarter were impacted by both the timing of Easter and poor weather, particularly in April," says chief executive Jill McDonald., external

On Brexit she says: "While the recent decision to leave the EU does create uncertainty, we are well-positioned as a business and focused on delivering sustainable long-term growth".