Wilbur Ross is unlikely to pursue a takeover of Tata Steel's UK business in the wake of the EU referendum, Sky News learns. 15:02, UK, Saturday 25 June 2016.
The UK has had its credit rating outlook cut to "negative" by the ratings agency Moody's after the country voted to leave the EU.
Only time will reveal the economic backlash of the U.K.'s vote to leave the European Union, but predictions are leaving many worried while others dismiss misgivings as scare-mongering.
17.01: The FTSE 100 closed down 3 per cent or 199.41 points at 6138.69 after a tumultuous day on markets following the UK vote to leave the EU.
Hedge funds betting that Britain would leave the EU were rewarded with bumper payouts after stock markets fell sharply on the back of the Brexit decision.