Shares bounce back, HQ moves and holiday rip-offs

After a number of dicey days on the markets, UK shares are regaining some of the ground lost in the wake of the Brexit vote. The BBC reports that after increasing 2.6 per cent on Tuesday, the FTSE 100 share index opened up 1.6 per cent at 6,240.31. The FTSE 250 index rose 1.6 per cent in early trade. After rising on Tuesday, the pound was little changed against the dollar at $1.3341. Sterling had risen as high as $1.50 before the referendum. Brexit and businesses

Vodafone has warned it could move its headquarters from the UK depending on the outcome of Britain’s negotiations to leave the European Union. In an email statement, the telecoms company said it was important to retain access to the EU’s free ‘movement of people, capital and goods’.

It was too early to ‘draw any firm conclusions regarding the long-term location for the headquarters’. But Vodafone said that it would ‘take whatever decisions are appropriate’.