Brexit continues to be the main focus for the papers as the pound fell to a new 31-year low against the dollar yesterday (The Independent). And despite Chancellor George Osborne’s attempts to soothe investor fear, the UK was also stripped of its triple-A credit rating by Standard & Poor’s, which warned of the economic, fiscal and constitutional risks the country now faces as a result of the EU referendum result (The Guardian).

Elsewhere, the BHS saga rumbles on with The Financial Times reporting that the UK accounting watchdog has launched an investigation into PwC’s audit of the failed retailer. Former BHS shareholder Richard Caring, who owns London restaurants including The Ivy and Le Caprice, has said he was owed more than £850,000 when the retailer collapsed, as he told MPs looking into the matter that he was unable to attend parliament this week (The Guardian).

Morrisons, Asda and Iceland have been tagged as the grocers who treat their suppliers the worst among the UK’s 10 major chains, according to a report by the industry watchdog (The Guardian).

Nestle has poached the head of Germany’s Fresenius healthcare group to become chief executive as the world’s largest food and drinks group drives further into nutrition and wellness, The FT writes. Ulf Mark Schneider, who will replace Paul Bulcke, is the first outside appointment to the helm of the 150-year old Swiss group since 1922.

Pepsico is reintroducing the controversial sweetener aspartame into Diet Pepsi after a large number of customers abandoned the product following the recipe change less than a year ago, The FT reports.