Marks and Spencer sees sales fall; Japan Post share surge on strong debut; San Francisco votes against limiting short-term Airbnb rentals
1. European producer price inflation figures are coming at 10am UK time.
2. Greek banks should be recapitalised by the end of the year, the European Central Bank's chief supervisor said in an interview, cautioning that stricter rules on distributing the losses of failing banks would come next year
3. The UK government is due to propose a new surveillance law that will force internet firms to store details of people's online activity for 12 months.
4. Shares of Japan Post and its banking and insurance units surged on their stock market debut in Tokyo after the triple initial public offering raised $12 billion (£7.7 billion).
5. VW says it has found "irregularities" in carbon dioxide emissions levels, which could affect around 800,000 cars in Europe.
6. The electric car maker Tesla reported a $230-million third-quarter net loss, deeper than a $75-million loss a year earlier. But a strong rise in revenue, coupled with a healthy sales forecast for the current quarter, sent Tesla’s share price up by as much as 9 per cebt after the announcement
7. Sales at Marks and Spencer have fallen for the six months to 26 September. UK like-for-like sales fell by 0.4 per cent for the period. General merchandise, which includes the clothing division, were down by 1.2 per cent.
8. Brewing giants AB InBev and SABMillier have requested the UK Takeover Panel to extend the deadline by when they must formally agree on a takeover deal that would create the world’s largest brewer.
9. San Francisco voters rejected Proposition F, which would place new limits on Airbnb short-term rentals.
10. Salesforce billionaire Marc Benioff says unicorn startups with valuations over a billion dollars are taking too long to go public. He believes public markets are great for CEOs because it forces them to listen and pay attention, he told attendees on Tuesday at the Fortune Global Forum conference taking place in San Francisco.
2. Greek banks should be recapitalised by the end of the year, the European Central Bank's chief supervisor said in an interview, cautioning that stricter rules on distributing the losses of failing banks would come next year
3. The UK government is due to propose a new surveillance law that will force internet firms to store details of people's online activity for 12 months.
4. Shares of Japan Post and its banking and insurance units surged on their stock market debut in Tokyo after the triple initial public offering raised $12 billion (£7.7 billion).
5. VW says it has found "irregularities" in carbon dioxide emissions levels, which could affect around 800,000 cars in Europe.
6. The electric car maker Tesla reported a $230-million third-quarter net loss, deeper than a $75-million loss a year earlier. But a strong rise in revenue, coupled with a healthy sales forecast for the current quarter, sent Tesla’s share price up by as much as 9 per cebt after the announcement
7. Sales at Marks and Spencer have fallen for the six months to 26 September. UK like-for-like sales fell by 0.4 per cent for the period. General merchandise, which includes the clothing division, were down by 1.2 per cent.
8. Brewing giants AB InBev and SABMillier have requested the UK Takeover Panel to extend the deadline by when they must formally agree on a takeover deal that would create the world’s largest brewer.
9. San Francisco voters rejected Proposition F, which would place new limits on Airbnb short-term rentals.
10. Salesforce billionaire Marc Benioff says unicorn startups with valuations over a billion dollars are taking too long to go public. He believes public markets are great for CEOs because it forces them to listen and pay attention, he told attendees on Tuesday at the Fortune Global Forum conference taking place in San Francisco.
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