1. UK government could net a windfall from drop in gas prices
A further dip in wholesale prices could also help to bring down energy bills, offering relief to squeezed households and businesses although these benefits may be seen further down the line.
2. Amazon booted out of one-trillion-dollar club as big tech cops a beating
The e-commerce behemoth lowered its fourth-quarter guidance after missing revenue forecasts due to foreign exchange headwinds and US$2.5bn in international operating losses.
3. FTSE 100 closes in the red
Britain's blue-chip index finished down around 42 points on the day, or 0.58%, at 7,144, as traders brace for an expected rate hike from the Fed.
4. Rishi Sunak going to COP27 points to progress on financial statement
After previously saying, “any attendance at COP27 would depend on progress on preparation for that fiscal event, and that work is ongoing,” Sunak’s official spokesman said significant progress was being made on the highly anticipated statement.
5. GSK lifts guidance again as bumper third quarter results top forecasts
The FTSE 100 listed company reported a 9% increase in third-quarter constant currency sales to £7.83bn, ahead of City expectations of £7.32bn, with adjusted earnings per share of 46.9p, above forecasts of 40.1p.