1. Bank of England cuts bank rate to 4.75%
The Bank’s Monetary Policy Committee voted eight to one in favour of cutting rates following a drop in the rate of inflation to 1.7% in September.
2. BT revenues take a hit while Openreach rollout pushes ahead
A half-year dividend was nonetheless increased to 2.4p thanks to strong cash flows.
3. Rolls-Royce shares fall victim of high expectations as guidance held
Shares fell 4.4% to 548p on the back of the third quarter update, where Rolls said it was on course for operating profit of £2.1-£2.3 billion and free cash flow of £2.1-2.2 billion this year.
4. FTSE 100 Live
Stocks yo-yo.
5. Sainsbury’s offsets poor Argos sales with confident grocery take
“Our grocery volume growth has delivered strong profit leverage at Sainsbury's, partially offset by a tough first quarter at Argos,” said chief executive Simon Roberts.
Plus in the small-cap space:
Empire Metals produces rich concentrate from tests at Pitfield