1. UK inflation rebounds higher than expected
The consumer prices index (CPI) increased 2.3% annually in October, surpassing the forecasted 2.2% and marking a significant rise from September’s 1.7%.
2. Sage Group surges to all-time high as profit margins expand on cloud software sales
In the year to 30 September, revenue grew 7% to £2.3 billion, with underlying revenue up 9.3% and organic recurring revenue growing 11%, which were all in line with the City analyst consensus.
3. FTSE 100 Live
Housebuilders weigh on index
4. Ford to axe 800 roles in UK as thousands cut across Europe
Ford’s parts distribution site in Daventry and its Dunton research centre are among six sites which could be hit, with the carmaker employing 5,300 people in the UK.
5. Severn Trent fails to hit water-safety standards as profits nearly triple
The FTSE 100-listed water firm saw a huge swing in interim profits despite acknowledging that it will miss certain water-safety performance metrics this financial year.