1. Lloyds and Barclays shares fall as ‘windfall’ tax looms
The new windfall tax threat comes as investors await UK banks reporting on their third quarter performance, starting next week with HSBC Holdings PLC (LSE:HSBA).
2. Fewer new subscribers than Disney+? Netflix doesn’t care
Better than shrinking, Netflix surpassed expectations by adding 2.4mln fresh subscribers in the quarter (after bleeding customers earlier in the year) and posting a year-to-date operating profit of US$5.4bn.
3. Truss says she is 'completely committed’ to pensions triple lock
Normally September's measure of inflation is used as the basis for uprating rises in pensions in the following April under the 'triple lock', as well as for benefits and tax credits.
4. FTSE 100 slips at the close after two days of gains
The UK's blue-chip index finished with a loss of 12 points, or 0.2%, to wrap up Wednesday's trading session at 6,925 points--
5. Labour brings motion to overturn Truss's fracking plans
Tory MPs in constituencies where the controversial oil and gas production methods might be introduced have apparently contacted the Labour Party to form a joint front to block the proposals.