Business Live: Apple launches iPhone 7

Summary

Sony unveils new powerful version of PS4
Apple launches new iPhone 7
Pound ends six-day winning streak against dollar
BoE Governor Mark Carney 'serene' about Brexit warnings
Mike Ashley says he will go if he can't sort things out at Sports Direct
Sports Direct chairman Keith Hellawell says he will step down next year if he loses support

Live Reporting

Bill Wilson

Ashley 'won't dodge questions'published at 11:48 British Summer Time 7 September 2016
BBC business reporter tweets...
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Sports Direct workers' forum system 'not good enough'published at 11:43 British Summer Time 7 September 2016
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Standard Life votes against non-execspublished at 11:43 British Summer Time 7 September 2016
Standard Life, the biggest shareholder in Sports Direct after founder Mike Ashley, has said it has voted against all non-executive appointments and the remuneration report, according to The Guardian's Sean Farrell.
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'No appraisals for casual Sports Direct staff'published at 11:38 British Summer Time 7 September 2016
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Chimney cheeriopublished at 11:37 British Summer Time 7 September 2016
Away from Sports Direct, there's some chimney action
Brexit opportunities?published at 11:37 British Summer Time 7 September 2016
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Questions from the floorpublished at 11:36 British Summer Time 7 September 2016
BBC business reporter tweets...
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Investors 'unhappy with business performance'published at 11:36 British Summer Time 7 September 2016
BBC business reporter tweets...
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Sports Direct 'failing in HR'published at 11:34 British Summer Time 7 September 2016
BBC business producer tweets...
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Sports Direct 'immediately suspends six strikes and out'published at 11:32 British Summer Time 7 September 2016
BBC business correspondent tweets...
That was Sports Direct's policy for dealing with misdemeanours under which staff were given "a strike" for spending too long in the toilet, excessive chatting or taking a day off sick.
Once an employee had six strikes they were automatically dismissed.
More on Sports Direct minimum wage underpaymentpublished at 11:31 British Summer Time 7 September 2016
BBC business correspondent Emma Simpson writes...
Keith Hellawell says the sum paid on August 16th re back payment to workers who were effectively paid less than minimum wage is "much less than the figure reported in the press".
Sports Direct staff 'compensated less than reported' says chairpublished at 11:29 British Summer Time 7 September 2016
BBC business reporter tweets...
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Caveats for questions...published at 11:27 British Summer Time 7 September 2016
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Sports Direct chair 'fully supports workers on board'published at 11:26 British Summer Time 7 September 2016
BBC business producer tweets...
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Any questions?published at 11:24 British Summer Time 7 September 2016
BBC business reporter tweets...
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Mike Ashley 'actually agrees with politicians'published at 11:23 British Summer Time 7 September 2016
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Chairman Keith Hellawell opens the meetingpublished at 11:16 British Summer Time 7 September 2016
BBC business reporter Joe Miller at the scene tweets
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Mike Ashley preparing to speakpublished at 11:14 British Summer Time 7 September 2016
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Sports Direct AGM kicks offpublished at 11:12 British Summer Time 7 September 2016
BBC business correspondent Emma Simpson tweets
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Asia stocks fall as Fed bets fadepublished at 11:11 British Summer Time 7 September 2016
Leisha Chi
Business reporter in Singapore
Meanwhile away from Sports Direct, Asian stocks have ended lower after weak US economic data led to diminished bets that the Federal Reserve will raise interest rates at their meeting this month.
The US ISM non-manufacturing index came in well below expectations and at the lowest level since February 2010.
Mizuho Bank said the data will spur the Fed to remain cautious and a September rate hike is now "off the table".
The probability of a September hike is now 24% compared to 32% last Friday, according to Fed futures.
Japan's benchmark Nikkei 225 index fell 0.4% to close at 17,012.44 while the broader Topix index lost 0.23% to 1,349.53. South Korea's Kospi fell 0.2% to 2,061.88.
Hong Kong's Hang Seng shed 0.2% to 23,741.81 while the Shanghai Composite ended pretty much flat at 3,091.93.