And that's it for tonight. Join us again tomorrow bright and early when we'll have results from pub chain JD Wetherspoon, house builder Barratt and fashion house Burberry.
Pound holds ground
ReutersCopyright: Reuters
One final look at the currency markets. The rally, which started yesterday when Theresa May was chosen as the next Prime Minister, has gathered momentum today.
Sterling pulled away from the 31-year lows it hit last week and back above $1.32. It is currently 2% higher on the day against the dollar at $1.3254, and has gained 2% against the euro at €1.1984.
Country living
BBC presenter Victoria Fritz is back from the Great Yorkshire Show - see earlier posts for her reports from the annual agricultural event.
It's official - the Dow Jones and S&P 500 finish the day at record highs.
The Dow rose 121 points, or 0.7%, to 18,347.67; while the S&P gained 15 points to 2,152.14.
The Nasdaq finished 34 points higher at 5,022.82 - the first time it's closed above 5,000 points this year.
"There are no good alternatives, from an income standpoint, to the US equity markets at this point, and that's driving the momentum today," said Bill Northey, chief investment officer at Private Client Group of US Bank.
US earnings season gets underway this week, and Northey said "we need to see some supporting earnings growth to accompany this move".
FT calls time on Osborne
The Financial Times is the latest to report that George Osborne will be replaced as Chancellor when Theresa May moves into Downing Street tomorrow.
It's also leading on the UN tribunal which ruled against China's claims to rights in the South China Sea.
A campaigner who led the legal fight against the EU's former privacy pact with the US believes the new arrangement falls way short of protecting consumers.
Max Schrems tells World Business Report that he thinks the new deal, called Privacy Shield, still doesn't really safeguard personal data.
Video content
Video caption: Campaigners are not convinced a new US-EU data pact offers enough consumer protection.Campaigners are not convinced a new US-EU data pact offers enough consumer protection.
British pensions '£383bn underwater'
Some more details on the extra pressure that British pensions have been put under by the turbulence in the financial markets.
The Telegraph reports that defined benefit funds are now £383.6bn underwater, compared to £294.6bn a month ago, as tumbling UK government bond yields have added to liabilities.
Brent crude has shot up by more than $2 - a 4.5% rise - to $48.34 on the back of greater optimism in the markets.
Analysts said the sharp rise was also a result of investors re-adjusting their trades after many had shorted - or bet heavily against - the oil price.
"The market's gotten really short over the past two weeks with everyone focused on weaker fundamentals and now you're seeing sudden covering," said Scott Shelton, an energy futures broker with Icap.
Brent crude is still off the $50 mark that it was trading at as recently as the start of last week.
Tech City
London is the second most high-tech city in the world, according to Business Insider.
The news site picked the UK capital - which was second only to San Francisco - because of its start-up scene, thousands of IT jobs and, perhaps a little surprisingly, the Crossrail project.
Airbus said it would cut its target for deliveries of the A380 superjumbo to 12 per year from 2018, down sharply from 27 in 2015 and about half of what is projected for this year.
Demand for the world's largest airliner has been falling due to improvements in the largest twin-engined passenger jets, which many airlines find more economical than four-engined ones.
Airbus announced the cutback at the Farnborough Airshow, taking the shine off a $20bn haul of orders for smaller planes.
Brexit blues
Sky News economics editor Ed Conway gives some scary figures on UK commercial property following the referendum result.
Last week seven major UK property funds worth £18bn suspended trading as investors rushed to pull out their money following the Brexit vote.
The company sells stock photos (like the one above) to its customers. It was selected to deliver images across Google advertising products like Adwords and Adsense.
A short while ago Shutterstock shares were trading at $55.37, their highest level in 11 months and valuing the company at nearly $2bn.
Minimum wage Moonshot
Russell Hotten, at the Farnborough Airshow, writes:
Col. Al Worden has been speaking about his Apollo 15 lunar mission in 1971.
On top of his regular pay, Worden got "incidental expensives" of $3 a day. "I got $39 dollars extra for flying to the Moon."
Still, that was more than Buzz Aldrin (pictured), who a couple of years earlier became the second person to walk on the Moon. "He only got $33.10," says Worden.
So, it's perhaps understandable that he tried to make a bit of extra cash.
Worden and the rest of the crew got into a spot of bother after taking commemorative stamps on their Moon trip, selling them to dealers on their return to earth.
But Nasa took a dim view of the incident, and none of the crew flew in space again.
The FTSE 100 finishes at 6,680.69 - still at an 11-month high despite dropping 2 points on the day.
Airlines IAG (owner of British Airways) and Easyjet were two of the biggest winners, rising 5% and 4% respectively.
Dragging the blue-chip index down were gold miners Randgold and Fresnillo, along with private hospital group Mediclinic International after it was downgraded by analysts.
Hold onto your drinks...
And in case you missed this from Airbus earlier, its A350 display took off a little more steeply than you'll see on a normal day at Heathrow.
Live Reporting
Dan Macadam
All times stated are UK
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Latest PostGood night!
And that's it for tonight. Join us again tomorrow bright and early when we'll have results from pub chain JD Wetherspoon, house builder Barratt and fashion house Burberry.
Pound holds ground
One final look at the currency markets. The rally, which started yesterday when Theresa May was chosen as the next Prime Minister, has gathered momentum today.
Sterling pulled away from the 31-year lows it hit last week and back above $1.32. It is currently 2% higher on the day against the dollar at $1.3254, and has gained 2% against the euro at €1.1984.
Country living
BBC presenter Victoria Fritz is back from the Great Yorkshire Show - see earlier posts for her reports from the annual agricultural event.
BreakingDow, S&P 500 close at record highs
It's official - the Dow Jones and S&P 500 finish the day at record highs.
The Dow rose 121 points, or 0.7%, to 18,347.67; while the S&P gained 15 points to 2,152.14.
The Nasdaq finished 34 points higher at 5,022.82 - the first time it's closed above 5,000 points this year.
"There are no good alternatives, from an income standpoint, to the US equity markets at this point, and that's driving the momentum today," said Bill Northey, chief investment officer at Private Client Group of US Bank.
US earnings season gets underway this week, and Northey said "we need to see some supporting earnings growth to accompany this move".
FT calls time on Osborne
The Financial Times is the latest to report that George Osborne will be replaced as Chancellor when Theresa May moves into Downing Street tomorrow.
It's also leading on the UN tribunal which ruled against China's claims to rights in the South China Sea.
Privacy Shield 'falls short'
A campaigner who led the legal fight against the EU's former privacy pact with the US believes the new arrangement falls way short of protecting consumers.
Max Schrems tells World Business Report that he thinks the new deal, called Privacy Shield, still doesn't really safeguard personal data.
Video content
British pensions '£383bn underwater'
Some more details on the extra pressure that British pensions have been put under by the turbulence in the financial markets.
The Telegraph reports that defined benefit funds are now £383.6bn underwater, compared to £294.6bn a month ago, as tumbling UK government bond yields have added to liabilities.
BreakingOil price surges $2 higher
Brent crude has shot up by more than $2 - a 4.5% rise - to $48.34 on the back of greater optimism in the markets.
Analysts said the sharp rise was also a result of investors re-adjusting their trades after many had shorted - or bet heavily against - the oil price.
"The market's gotten really short over the past two weeks with everyone focused on weaker fundamentals and now you're seeing sudden covering," said Scott Shelton, an energy futures broker with Icap.
Brent crude is still off the $50 mark that it was trading at as recently as the start of last week.
Tech City
London is the second most high-tech city in the world, according to Business Insider.
The news site picked the UK capital - which was second only to San Francisco - because of its start-up scene, thousands of IT jobs and, perhaps a little surprisingly, the Crossrail project.
Airbus slashes delivery target
Airbus said it would cut its target for deliveries of the A380 superjumbo to 12 per year from 2018, down sharply from 27 in 2015 and about half of what is projected for this year.
Demand for the world's largest airliner has been falling due to improvements in the largest twin-engined passenger jets, which many airlines find more economical than four-engined ones.
Airbus announced the cutback at the Farnborough Airshow, taking the shine off a $20bn haul of orders for smaller planes.
Brexit blues
Sky News economics editor Ed Conway gives some scary figures on UK commercial property following the referendum result.
Last week seven major UK property funds worth £18bn suspended trading as investors rushed to pull out their money following the Brexit vote.
Pound pushes higher
A short while ago sterling was trading 2.2% higher against the dollar at $1.3289. Against the euro, it was up nearly 2% to €1.1986.
Wall Street at record highs
The Dow Jones Industrial Average - which comprises the 30 largest US stocks - is trading at record highs as Wall Street remains buoyant.
The Dow was up 0.7% to 18,347 a short while ago, above its all-time high of 18,312.
The S&P 500 has also made further gains after setting a new record on Monday. It's gained 0.8% to 2,154.
And the tech-heavy Nasdaq is on course to finish above 5,000 points for the first time this year.
Osborne out of the Treasury?
Robert Peston is tipping Theresa May to start reshuffling her Cabinet tomorrow and bring in a new Chancellor.
He thinks Philip Hammond, currently the Foreign Secretary, is a good bet to take over from George Osborne at Number 11.
Picture perfect
Shares in photo business Shutterstock have shot up 14% after it announced a licensing deal with Google.
The company sells stock photos (like the one above) to its customers. It was selected to deliver images across Google advertising products like Adwords and Adsense.
A short while ago Shutterstock shares were trading at $55.37, their highest level in 11 months and valuing the company at nearly $2bn.
Minimum wage Moonshot
Russell Hotten, at the Farnborough Airshow, writes:
It's lucky astronauts do it for love, not money.
Col. Al Worden has been speaking about his Apollo 15 lunar mission in 1971.
On top of his regular pay, Worden got "incidental expensives" of $3 a day. "I got $39 dollars extra for flying to the Moon."
Still, that was more than Buzz Aldrin (pictured), who a couple of years earlier became the second person to walk on the Moon. "He only got $33.10," says Worden.
So, it's perhaps understandable that he tried to make a bit of extra cash.
Worden and the rest of the crew got into a spot of bother after taking commemorative stamps on their Moon trip, selling them to dealers on their return to earth.
But Nasa took a dim view of the incident, and none of the crew flew in space again.
Farmer Fritz
BreakingFTSE 100 scarcely changed
The FTSE 100 finishes at 6,680.69 - still at an 11-month high despite dropping 2 points on the day.
Airlines IAG (owner of British Airways) and Easyjet were two of the biggest winners, rising 5% and 4% respectively.
Dragging the blue-chip index down were gold miners Randgold and Fresnillo, along with private hospital group Mediclinic International after it was downgraded by analysts.
Hold onto your drinks...
And in case you missed this from Airbus earlier, its A350 display took off a little more steeply than you'll see on a normal day at Heathrow.
Harrier in disguise
Business reporter Theo Leggett tweets from the Farnborough Airshow...