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Summary

  1. Sony unveils new powerful version of PS4
  2. Apple launches new iPhone 7
  3. Pound ends six-day winning streak against dollar
  4. BoE Governor Mark Carney 'serene' about Brexit warnings
  5. Mike Ashley says he will go if he can't sort things out at Sports Direct
  6. Sports Direct chairman Keith Hellawell says he will step down next year if he loses support

Live Reporting

By Bill Wilson

All times stated are UK

Get involved

Goodnight

That is all from us on this busy day of business news. Join us again at 6am on Thursday.

More on new Sony PS4

BBC business correspondent Michelle Fleury tweets....

US stocks close little changed

US shares were virtually unchanged on Wednesday. 

The Dow Jones fell 12 points to 18,526.14, the S&P 500 lost 0.33 points to 2,186.15.

Meanwhile the Nasdaq added 8 points, to 5,283.93, another new record for it. 

Sony counts on better TVs

BBC business correspondent Michelle Fleury tweets...

Sony reveals PS4 Pro with 4K graphics

Sony PS4 Pro
Getty Images

Sony has announced a more powerful version of its PlayStation 4 console at an event in New York City.

The PS4 Pro will be able to render games with ultra high definition 4K graphics.

A cosmetically redesigned, slimmer PlayStation 4 was also announced and will become the standard device.

Cost in translation

How the exchange rate will affect UK AirPod price

iPhone 7 accessories on sale

iPhone 7 cases on sale
Amazon

Some canny vendors have been quick of the mark to get cases for the new iPhone 7 onto the market...

Simply the best?

The BBC's technology editor Rory Cellan-Jones tweets...

Jacking it in...

Apple users react to headphones change

Apple's iPhone 7 ditches traditional headphone socket

Apple's chief executive Tim Cook introduced the iPhone 7 at the California launch
APPLE
Apple's chief executive Tim Cook introduced the iPhone 7 at the California launch

The iPhone 7 will not have a traditional headphone socket, Apple has confirmed.

The US company unveiled its latest handset at an event in San Francisco.

The device also lets the home button detect how firmly it is being pressed and provide vibration-based feedback, and adds a two-lens camera to the Plus model's rear.

The 3.5mm headphone jack was made popular by Sony's Walkman cassette players, but was first introduced in one of the Japanese company's transistor radios in 1964.

Not all about Apple

Sony launches new Playstation 4 consoles in NY...

New, not dusty

The BBC's Dave Lee tweets

iPhone 7

The BBC's Zoe Kleinman tweets:

Dream on...

The BBC's technology editor Rory Cellan-Jones tweets:

First look at iPhone 7

The BBC's Dave Lee tweets:

The Stephen Fry clap-o-meter

The BBC's Dave Lee tweets:

1 billion iPhones sold...

IDC's Francisco Jeronimo tweets:

iPhone time...

The BBC's Zoe Kleinman tweets:

Watch out Fitbit!

Bloomberg news tweets:

Low battery warning...

Bloomberg's Peter Hoskins tweets:

Enough to reverse declining sales?

Francisco Jeronimo, IDC research director tweets:

'Just fitness'

Steve Kovach from Business Insider tweets:

Huge audience?

BBC technology editor Rory Cellan-Jones tweets:

Deleted tweets?

BBC technology editor Rory Cellan-Jones tweets:

'Second only to Rolex'

The BBC's Dave Lee tweets:

Confirming the rumours...

BBC's Dave Lee tweets:

'Quite a rabbit'

The BBC's technology editor Rory Cellan-Jones tweets:

Super Mario

The BBC's Dave Lee tweets:

'Serious about mobile'

Geoff Blaber, tech analyst for CCS Insight tweets:

Carpool karaoke

The BBC's Dave Lee tweets:

Apple fan Stephen Fry ready for new launch

BBC North America Technology Reporter Dave Lee tweets...

Best foot forward for Apple...?

Will the launch of its new phone ring the changes?

Blunt words from Ryanair's O'Leary

Airline boss on Brexit, as BBC Scotland's Douglas Fraser reveals..

'No favouritism for Apple'

Republic of Ireland defends deal with US giant

Critics of Ireland's tax regime are drawing outdated and unfair caricatures, the Republic's Finance Minister Michael Noonan has said.

The Irish parliament has been recalled early to debate the European Commission's ruling that the country granted undue tax benefits of up to €13bn (£11bn) to Apple.

It follows the decision by the Irish government to appeal against the ruling.

Mr Noonan said Apple had not been shown favouritism.

His 'sereneness' Mark Carney

Mark Carney: 'I'm absolutely serene about the comments made'

FTSE closes up 20 points

The FTSE 100 index was up by 20.53, or 0.3%, at 6846.58 at close in London.

After a successful day on Tuesday, housebuilders led the fallers, with Berekley Group, Barratt, Taylor Wimpey and Persimmon among the biggest losers.