Tata Steel is close to a deal to save its Port Talbot plant despite Britain's vote to leave the EU, as sterling's slump potentially boosts the industry's survival prospects.
Airline stocks plunged on Friday and Aer Lingus-owner IAG said it would no longer meet its profit targets this year after Britain's vote to leave the EU raised concerns over travel demand and flying rights.
Mark Carney is likely to drop out of the European Central Bank's annual summit in Portugal this week. Photograph: Stefan Wermuth/Reuters.
Wall Street and the FTSE 100 both fell sharply in a wild day of trading after the UK voted for Brexit. The London blue-chip index fell 7% in early trading to just over 5,800 points but ended the day 3.15% lower at 6,138.
With institutional uncertainties being added to a global economy beset by fragile growth and artificial finance, the result was a combination of foreign exchange volatility, flight to haven government bonds and a sell-off in stocks led by European banks.