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Big business - with a few exceptions - tended to be in favour of Britain staying in the EU because it makes it easier for them to move money, people and products around the world. Given the crucial role of London as a financial centre, there's interest in how many jobs may be lost to other hubs in the EU. Four of the biggest US banks have committed to helping maintain the City's position. But HSBC will move up to 1,000 jobs to Paris, the BBC understands. Some UK exporters say they've had increased orders or enquiries because of the fall in the value of the pound. Pest control firm Rentokil Initial says it could make 15m extra this year thanks to a weaker currency. Others are less optimistic. Hilary Jones, a director at UK cosmetics firm Lush said the company was "terrified" about the economic impact. She added that while the firm's Dorset factory would continue to produce goods for the UK market, products for the European market may be made at its new plant in Germany.

The number of malls in the U.S. grew more than twice as fast as the population between 1970 and 2015, according to Cowen Research. By one measure of consumerist plentitudeshopping center gross leasable areathe U.S. has 40 percent more shopping space per capita than Canada, five times more the the U.K., and 10 times more than Germany. So its no surprise that the Great Recession provided such a devastating blow: Mall visits declined 50 percent between 2010 and 2013, according to the real-estate research firm Cushman and Wakefield, and they've kept falling every year since. Shopping Space per Person, by Country View photos Cowen Research More In a long and detailed paper this week on the demise of stores, Cowen Research analysts offered several reasons for the structural decay of malls following the Great Recession. First, they said that stagnating wages and rising health-care costs squeezed consumer spending on fun stuff, like clothes. Second, the recession permanently hurt logo-driven brands, like Hollister and Abercrombie, that thrived during the 1990s and 2000s, when coolness in high-school hallways was defined by the size of the logo emblazoned on a polo shirt. Third, as consumers became bargain-hunters, discounters, fast-fashion outlets, and club stores took market share from department stores, like Macys and Sears. Finally, malls are retail bundles, and when bundles unravel, the collateral damage is massive.

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