Several bidders for Tata Steel's British operations are close to abandoning talks with their Indian owner as the outcome of the EU referendum threatens to deepen the crisis enveloping the UK's biggest steel producer.
Australian shares fell sharply on Friday following the unexpected result of the EU referendum in the UK. Photograph: Don Arnold/Getty Images.
British people have woken up to the news that their country has voted to leave the European Union. Along with this, there has been turmoil in financial markets - the pound has hit a 30-year low and the FTSE dropped more than 8%.
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.
Taking flight? Currency exchange rates, flight prices and visa requirements are concerns for travellers following the Brexit decision.