1. HSBC launches $3bn buyback as revenue soars
Noel Quinn, group chief executive, said: "We have had three consecutive quarters of strong financial performance and are on track to achieve our mid-teens return on tangible equity target for 2023."
2. FTSE 100 closes up 36 points
At the close, London's blue-chip index was up 36.11 points, 0.5%, at 7,327.39
3. Frasers offloads Missguided brand and IP to Shein
Frasers, owned by Mike Ashley, said it will retain Missguided’s real estate and employees, which have been integrated into Frasers’ fashion division.
4. UK supermarkets slammed for overcharging on petrol
Motor group RAC has called on the UK’s ‘big four’ supermarkets to offer some clarity following findings that forecourt petrol prices are at least 5p per litre too high.
5. UK mortgage approvals at nine-month low
Net mortgage approvals for house purchases fell to 43,300 in September from 45,447 in August, the data showed, while approvals for remortgaging fell to 20,600 in September, the lowest level since January 1999.