5. Chinese e-commerce giant Alibaba Group said sales for its annual Singles’ Day shopping blitz hit $22.63 billion (158.31 billion yuan) in its first nine hours, up 25% on the same point last year.
4. Thousands of UK workers will enjoy a pre-Christmas pay rise if their employer is a member of the "real living wage" campaign.
Businesses who have signed up to the voluntary scheme will lift their UK hourly rate by 30p to £9.30.
3. A British Airways whistleblower has revealed an industry-wide practice that deliberately adds weight to flights, increasing greenhouse gas emissions.
"Fuel tankering" sees planes filled with extra fuel, usually to avoid paying higher prices for refuelling at their destination airports.
2. British Steel is set to announce a rescue deal with China's Jingye Group, which could safeguard up to 4,000 jobs in the UK.
Jingye Group has agreed in principle to buy British Steel for £70m.
1. Chancellor Sajid Javid said the Labour Party’s “reckless” spending plans would trigger an economic crisis within months if they win the December 12th election, citing a contested dossier published by his Conservative Party.
Labour strongly dismissed the report, which said it would increase spending by 1.2 trillion pounds ($1.5 trillion) over the next five years, calling it fake news.
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SP Angel research note on commodities and miners, featuring: Cora Gold* (CORA LN) 5.8p, Mkt Cap £7.5m – Exploration update Edenville Energy* (EDL LN) 0.04p, Mkt Cap £2.2m – New coal supply contracts signed for up to 9ktpm Magnis Energy Technologies (MNS AU) A$0.096, Mkt cap A$60m – Magnis executes binding EPC contract with China MCC Renascor Resources* (RNU AU) A$0.011, Mkt Cap A$13m – Approval for production for large-scale marketing samples Rio Tinto (RIO LN) 4307.5, Mkt cap £73.0bn – Mongolian Parliament provides greater clarity on Oyu Tolgoi Savannah Resources* (SAV LN) 2.3p, Mkt Cap £29.8m – Second mining licence issued at Mutamba Teranga Gold (TGZ CN) C$6.19, Mkt Cap C$666m – Acquiring the Massawa gold project in Senegal
Lloyds Bank has agreed to restart a compensation scheme it set up for victims of fraud after “serious shortcomings” were found, Advertising mogul Maurice Saatchi has quit the agency which bears his name, days after an accounting error sent shares plunging 45%.