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Image copyright AFP UK shares have risen for a third day, after Bank of England governor Mark Carney hinted at fresh stimulus measures following the Brexit vote. By lunchtime, the FTSE 100 index was 0.7% higher, while the FTSE 250 was higher by 0.08%. On Thursday, Mr Carney said a deteriorating outlook meant action from the Bank was likely this summer. FTSE 100 and FTSE 250 both end the day up by more than 1% Osborne signals abandonment of Budget surplus target UK government bond yields tumble Shell boss in North Sea rethink Wall Street rose for the third straight day on Thursday, with the Dow Jones closing up 1.33% and S&P 500 up 1.36%. Share prices were further boosted after Chancellor George Osborne said the government would abandon its commitment to achieve a budget surplus by 2020, suggesting as a result that the austerity policies of the last six years might be eased in the wake of the referendum result. The FTSE 250 , which had started the day...

Bank of England Governor Mark Carney said interest rate cuts and a broadening of a bond-buying programme were possibilities as he sought to counter concerns that the BoE might be running low on ammunition to boost Britain's economy if needed. So far, the slowing of the global economy has not had a big impact on British growth which remains stronger than in many other rich economies since 2013. Carney, speaking to lawmakers, stuck to his view that British interest rates were more likely than not to rise from a record low 0.5 percent over the next three years as the economy continues to grow. But as the global outlook darkens, debate among investors has turned to what more governments and central banks globally can do to boost demand. Concerns about Britain's European Union membership referendum might also hurt the country's growth.Carney pointed to intensifying risks in emerging markets and said the BoE could provide more stimulus if needed. "If we were in a pos...