Image source, Reuters

Fujitsu says there won't be any job cuts before 2017. The Japanese company also emphasised to the BBC that the decision had nothing to do with the Brexit vote.

Here's Fujitsu's statement:

“Fujitsu is planning a transformation program that will enable it to better support customers in the era of digital transformation. The company today advised its employee representative forum of plans to restructure the organisation in order to provide better service and respond more quickly to customer needs.

“As part of the programme, Fujitsu plans to streamline operations in order to remain competitive in the market. Proposed measures include changes which would result in a reduction of up to 1,800 jobs in the UK. All affected employees will be offered guidance and support and Fujitsu is establishing a consultation process with elected employee representatives.”

Fujitsu is planning a "transformation programme" which will result in a reduction of up to 1,800 jobs in the UK.

The Japanese multinational information technology equipment and services company said it wanted to streamline operations to remain competitive. 

The Unite union said the move was a "hammer blow" for workers who have "given their all" to make the UK subsidiary highly profitable. 

Image source, Airbus

Airbus is furious after Poland handed a $3.5bn helicopter contract to US defence firm Lockheed Martin, according to reports. News agencies are reporting that Airbus chief Tom Enders believes the company has been misled for months.

Bloomberg quotes a statement from Mr Enders: “Never have we been treated by any government customer the way this government has treated us.”

The incident seems to be stirring up a diplomatic row. French president Francois Hollande has postponed a visit to Poland planned for Thursday. French defence sources are apparently suggesting the country should review military pacts with Poland.

But there is disagreement over who actually ended the negotiations, according to the AFP news agency, with Poland on Saturday blaming Airbus for the breakdown in talks.

"I want to make it perfectly clear that it wasn't the Polish side who broke off the talks," Defence Minister Antoni Macierewicz told reporters. 

Image source, Reuters

With the Samsung S8 due in the shops in the first couple of months of 2017, Techradar journalist John McCann tells the BBC that the smartphone maker has little time to re-build trust after the Note 7 battery fire problem.

He says: "Samsung's probably got quite a bit of a way to go to regain the trust of a lot of consumers now, so it's going to have to educate people on how they test phones, and what implementations they're putting in to make future products safe.

"We expect their next flagship device, probably the S8, to arrive in the first quarter of 2017. So they're going to have to do a lot of education about how that device is really safe, and to get consumers on board."

Kamal Ahmed
Economics editor

Have you seen the new pound coin? It's a 50p piece.  

Harold Wilson might have claimed that a devaluation of sterling doesn't affect the pound in your pocket, but it certainly affects the way the economy operates - and therefore all of us.

There are three broad reasons for the sickly state of the pound, which fell again this morning by a precipitate 0.9%.

And if you want to know more about those reasons, read Kamal's blog here.

The FTSE 100 hit an intra-day high today, and is on course to beat its record close of 7,103.98 points, reached on 27 April 2015. Here's analyst Laith Khalaf's take on what's happening

Image source, Getty Images

It may come as a relief to some that sterling is not the only currency under pressure today. The FT reports , externalthat the Swedish krona is down about 1% to 9.73 against the euro - a new six-year low.

So why is it down? Commerzbank's Ulrich Leuchtmann says the selloff “simply does not make sense” given that the central bank's main interest rate is already at minus 0.5%.

Image source, Getty Images

A Bank of England policymaker charged with overseeing the banking sector is concerned about the risk of British banks being hurt by problems among their peers elsewhere in the European Union.

Anil Kashyap, a newly appointed member of the Bank's Financial Policy Committee, told MPs he is "particularly worried about contagion from stress coming from the European banks and whether there might be linkages - perhaps indirect - between them and the largest UK banks".

"The weak condition of some of the large European banks worries me most.... We do not really fully understand all the potential channels of contagion that could arise if a major bank on the continent required recapitalisation." 

Kashyap,  a US academic, said concerns among investors over Deutsche Bank were about its future profitability, not its current capital. While regulators had to enforce rules, he said "it does seem a little bit arbitrary as to how big these fines are and why some firms are being asked to pay this much and others are asked that much".

Business editor Simon Jack tweets:

Image source, Getty Images

Sterling is sitting at $1.2271 and Kathleen Brooks of City Index says sterling is becoming the "comedy currency of the G10 - the joke is always the same: whatever the trading condition sell the pound".

Despite the falls in recent days she says it's interesting that the pound cannot muster much of a recovery.

"It is easy to blame nebulous concepts such as liquidity issues, however, could something else be going on? The continued move lower in the absence of a new driver, ie more negative headlines about the UK’s Brexit negotiations, could also be down to politics. We noted yesterday that the silence coming from Whitehall regarding Friday’s sharp drop in the pound could be a considered action as a weak pound could act as a tonic to the UK’s economic problems, in particular its large deficit," she adds.

Image source, Jacamo

The best performer on the London market today by far is plus-size fashion retailer N Brown, whose shares are 14% higher at just over 200p. 

The owner of brands including SimplyBe and Jacamo said online revenue rose 7.5% percent year-on-year, with total revenue up 1% to £429.4m.

However, the Manchester-based company said adjusted pre-tax profit fell by almost a fifth to £31.6m.

The retailer said the autumn-winter season has started in line with expectations.

Despite today's rise, the shares are still down more than a third this year.

Today Programme
BBC Radio 4

Today Programme
BBC Radio 4

Image source, Getty Images

The FTSE 100 has broken through its intra-day record high - it hit 7,129.21 - that's up 0.45% or 31.68 points. 

Its previous intra-day record was 7,122.74 which it reached on 27 April 2015.

Image source, Getty Images

On the BBC News Channel, technology expert, Tom Cheesewright, says the problems are unlikely to bring down the business.

"Samsung's an enormous business. Smart phones and devices account for about half its profits," he points out.

"And so it's going to survive this - there's no question about that. It's really looking at the sub-brand - the Galaxy brand, the Note brand - which I think are gonna take the brunt of the damage here and perhaps we may see after six iterations of building up this brand around the Note phablet, the Note brand retired," he adds.

BBC World Service

Image source, Getty Images

The World Health Organisation has said backs taxes on sugary drinks, reports BBC World Service. 

In a report released to mark World Obesity Day, the WHO recommended the measures already adopted by some higher income countries.

It said consumption of sugar-sweetened drinks would drop by 20% if prices were put up by 20% through taxation.

It also said improvements in diet could also be brought about if the prices of fresh fruits and vegetables were reduced through public subsidy. 

Image source, Getty Images

As lunchtime approaches, the pound is still at trading at less than $1.23 - a short while ago it was at $1.2272, a fall of 0.73%. 

At the same time, the FTSE 100 isn't enjoying the boost weaker sterling normally gives it. It's at 7,115.47 - a rise of 0.25% or 1786 points.