That's it from us for today. We'll be back with more business news from 06:00 tomorrow. See you then.
- Deutsche Bank reports large loss due to Libor fines
- US central bank expected to end QE stimulus
- Pilots' strike costs Air France €400m
- The morning's main business programmes are available on the Live Coverage tab
The Independent is one of several papers licking their lips at the prospect that British fruit farms will still be picking strawberries in December for the first time, after the long summer and mild autumn produced a record crop. The British Summer Fruits Association said ideal growing conditions had produced sweet fruit for longer than usual, and this year the season could last for nearly 40 weeks.
BBC News understands thatUS company Maximus has been awarded a 3.5 year contract to carry out the government's "fit-for-work" benefit checks. It will replace ATOS, after the French firm left its contract following a series of complaints and mistakes. The new agreement has not been formally confirmed.
The Serious Fraud Office won't confirm reports that it is about to launch a formal investigation into Tesco, but says "obviously we are aware and are following developments with interest".
blogs: "As the Fed Reserve ends quantitative easing, those who prophesied that these trillions of dollars of debt purchases would spark uncontrollable inflation have been proved wrong. But QE could still prove toxic."
Sky News Newsdesk
The creator of the famous game Operation has turned to crowd funding to raise money for his own operation.The Verge reports that John Spinello, 77, doesn't get royalties from the sales of the game, and needs $25,000 for oral surgery.
A London-based NFL teamcould be worth more than £100m a year to the UK, according to a Deloitte study. It says the two American Football games at Wembley in 2013 brought an extra £32m to London. The US franchise is hoping to bring four games to the capital each year by 2016, and is aiming for a full-time London team by 2022.
"Interest rates in the UK may not ever go up from the near-zero level of the last few years," claimsMatthew Lynn over at MarketWatch. He draws similarities with Japan, which "cut its rates to those levels more than two decades ago and it is no closer to a rate rise now than it was in the mid-1990s". Ominous.
Tens of thousands of protesters havemarched through the Hungarian capital Budapest against plans to tax internet use. The government has drafted a law which would levy a fee on each gigabyte of data transferred.
Peter Spiegel, Brussels bureau chief for the Financial Times
French oil company Total has reported a2% fall in profits in its latest financial results. It also confirmed the appointment of Patrick Pouyanne as its new chief executive. He was given the job after the death of the previous boss, Christophe de Margerie, in a plane crash in Moscow last week.
BBC World News
Can the patient live without the life support of the US Fed's QE programme? That's the question for the US economy saysWorld Business Report. The BBC's Samira Hussain says its clear the next move for the Fed will have to be a rate hike, but getting the timing right will be tough, and it's a decision that has global implications.
Companies including Unilever, Proctor & Gamble and Coca-Cola are bringing in auditors to check the books of their UK divisions,the Telegraph reports, following the accounting scandal at Tesco. "There are questions in the industry about how a black hole of that scale could emerge in Britain's biggest retailer, whether there are financial repercussions for suppliers," writes Graham Ruddick.
Are you bored of your passport? Want to get a new one? The tiny Caribbean state of St Kitts & Nevis has published this glossy brochure in this morning's FT, advertising its "Citizenship by Investment" programme. For an investment of just $400,000 in the islands you can become a proud St Kitts & Nevis passport holder and enjoy the golf courses and favourable tax arrangements.
This graph from the Insolvency Service shows which sectors suffered the most liquidations in the past year. In the 12 months to the end of September 2014, one in 186 companies went into liquidation, the service adds.
The number of people declaring personal bankruptcyhas fallen by almost 19%, according to the Insolvency Service. In the third quarter of this year, 4,886 orders were recorded in England and Wales, compared with 6,009 in the same period last year. The number of company insolvencies also decreased - by 11.7%.
BBC News Channel
"Retailers love to blame the weather, but this time it's actually quite justified," says Natalie Berg from Planet Retail, talking about Next's lower profit forecasts for the year. "It was the driest September in a 100 years, October is looking like one of the warmest on record... when its 19 degrees out people aren't thinking about buying cashmere jumpers and winter coats."
Business correspondent, BBC News Channel
UK mortgage approvals are at the lowest level since July 2013, according to figures from the Bank of England. 61,247 were given the go-ahead in September, down from 64,054 in August.
Japanese conglomerate Hitachi has reported a strong rise in pre-tax profits for the six months to end of September. The firm pulled in 209.51 yen (£1.2bn), up 54.6% on the same period last year.
BBC Radio 4
The UK economy's productivity has suffered because companies have hired too many people, according to a report by PwC. Anthony Bruce from the group says businesses need to start using things like big data analytics to work out what their future demand is going to be and managing their workforces appropriately.
Steph McGovern is spending the morning in Frankfurt for Breakfast, talking about Lidl and Aldi's growth in the UK. A German retail analyst tells her that the budget chains have pretty much reached a peak in Germany, while the are still expected to see significant growth in the UK.
Britain's biggest trade union, Unison, has accused councils of failing to ensure that care workers are paid the national minimum wage. Responses to a Freedom of Information (FOI) request show that only 6% of local authorities insist that homecare providers pay carers for time spent travelling between clients. Unison says travelling can take up 30% of a carer's shift.
Sales of LG mobiles have driven the company's net profits up by 87% in the third quarter of this year. The firm's handset unit shifted 16.8 million smartphones during that period.
Business Insider highlights details of WhatsApp's financial performance in Facebook's results, released last night. The messaging service, bought by Facebook for about $22bn earlier this year, made a net loss of $138 million in 2013, bringing in just $10.2 in revenues.
BBC Radio 4
John Holland-Kaye, chief executive of Heathrow, is onToday. He says the drop in pre-tax profits is "entirely driven by some one-off adjustments" and re-financing, which, he claims, is the "nature of modern business". Mr Holland-Kaye adds that shopping is a big part of Heathrow's income, but although it "helps to keep passenger charges down," it is "not what we are here for".
Next says it now expects to make between £750m to £790m in pre-tax profits this year, 3% lower than the guidance it previously gave.
Andrew Clark, deputy business editor of The Times
Nintendo has just reported a $2m profit for the three months to September, raising hopes that it could soon record its first annual profit in four years. All eyes are now on the crucial Christmas period, with new games for its 3DS and Wii U consoles set for release.
Pre-tax profits at Heathrow have fallen to £58m in the nine months to end of September, down from £266m in the same period last year. The revamp of Terminal 2 makes up part of the shortfall, as does re-financing. Heathrow's traffic rose 1.5% to 55.7 million passengers.
Next has reported a5.4% rise in sales for the third quarter - much less than the 10% it had previously hoped for. It has also downgraded its profit and sales forecasts for the year thanks to the unseasonably warm weather that has continued into October.
Air France is feeling the effect of the two-week long pilots' strike that took place last month. It's third quarter operating profit more than halved, falling to €247m from €641m in the same period last year. The airline estimates the strike reduced revenues by more than €400m.