Consumer-focused stocks took a major hit as experts scrambled to try to understand how confidence will be impacted in the aftermath of the UK's decision to leave the EU.
Bicycle retailer Halfords (HFD) dropped 22 per cent in early trading whlie Restaurant Group (RTN), a stock which had already been under pressure, fell up to 30 per cent before regaining some ground.
In terms of the airlines, Easyjet (EZJ) is down 17 per cent and Ryanair (RYA) has dropped 10 per cent on fears the pound's large drop could put some holidaymakers off. British Airways owner International Consolidated Airlines (IAG) has also said this morning the vote to leave means it expects the pace of profit growth to slow this year. The shares are down 20 per cent at the time of writing.