Siemens has created 1,000 jobs by ploughing 400 million euros into a wind turbine blade factory on the banks of the River Humber in Hull. The company said the vote to leave the EU would not impact on current investment plans, but UK chief executive Juergen Maier said longer term expansion plans may be affected.
Petrol and diesel prices could rise within days due to the plunge in the value of the pound, according to experts.
Brian Madderson, chairman of the Petrol Retailers Association, said a rise of 2.5p per litre would be expected if the US dollar continues to trade at around 1.35 to the pound.
"I would think certainly by early to middle of next week we'll see prices moving upwards", he added.
In a statement issued on Friday, the AA also predicted an increase in prices: "Assuming that current market conditions persist over the next 10-14 days, the price of petrol at some fuel stations might be expected to rise by 2.25p a litre or £1.25 a tank."
As the stock market tumbled following the UK's decision to leave the EU, predictions about the country's longer term economic prospects from those in the Calendar region varied today.
Katie Oscroft reports.
Jeremy Corbyn has rejected calls for his resignation as he questioned the timing of the vote of no confidence submitted by Dame Margaret Hodge.
The Labour leader said the intervention was inappropriate due to "massive political issues" which need to be dealt with following the Brexit result.
Mr Corbyn confirmed his intention to deal with the aftermath of Britain's exit as party leader.
I'm carrying on. I'm making the case for unity, I'm making the case of what Labour can offer to Britain, of decent housing for people, of good secure jobs for people, of trade with Europe and of course with other parts of the world. Because if we don't get the trade issue right we've got a real problem in this country.
The news of our exit from the EU has been greeted with a mixed reaction across our region - with grim warnings from the financial sector of the impact the decision will have on our living standards.
Others though say that once the political upheaval is over - we'll be much better off. Katie Oscroft has been looking at what happens next.
Kara Terry, a pet sitter and dog walker from Lincoln, says she chose to vote Leave because she wants the UK to be able to "govern its own destiny."
Ultimately I decided to vote out in the EU Referendum, many because I believe by coming out of the EU, Great Britain will be better placed to make its own decisions, and govern its own destiny.
The leader of Hull City Council has released a statement saying the council is focusing on ensuring investment will continue flowing into the city after the country leaves the EU.
Following the referendum result, Hull City Council remains completely focused on safeguarding the huge investments and developments now flowing into the city.
In particular, we want to secure the long-term future of our new, green energy industries and to ensure that Hull is well placed to maximise the potential of its year as UK City of Culture.
As a major international trading port, our relationship with Europe is critical to maximising the prosperity of the city, Yorkshire and the Humber and, indeed, the UK.
Whilst we must wait to see what the timetable and negotiations around the UK’s exit will bring, we are determined, working with our businesses and other stakeholders, to do everything possible to ensure that Hull maintains the momentum of regeneration and job creation that is now happening in the city.
The outcome of the EU referendum has thrown the UK into "difficult and dangerous waters", Labour MP Yvette Cooper has said.
The MP for Normanton, Pontefract and Castleford repeatedly dodged questions she was asked about Jeremy Corbyn's leadership of her party, instead insisting that the priority now was to "put the country first" and to work above party politics to ensure that the UK did not fragment in a "deep and dangerous way".
We have to respect the decision the country took, no matter how disappointed we might feel about it.
Ms Cooper added that trade unions would now need to work with the Government to ensure that "Labour communities are protected". The MP continued that the country was deeply divided over immigration.
We look at the implications of the EU referendum result on various aspects of life in Britain.Read the full story ›