Reckitt cuts sales outlook as Lysol and China businesses hit

Group’s European business returned to growth despite ‘challenging’ consumer environment and lower cold and flu incidence

HSBC shares slide as results disappoint

Third-quarter profits and revenues at Europe’s biggest bank narrowly miss expectations

FTAV’s further reading

Society; Tesla; training; business schools; credibility; repo; Civilization

EU’s border agency to boost powers to return irregular migrants

Also in this newsletter: Bloc needs more water for its data centre build-out, warns industry chief

What makes a project ringfence? For Metlen, it’s complicated

So near, and yet solar

FirstFT: What Healey plans for his first UK Budget

Also in today’s newsletter: Israel elections and French finances

Anthropic’s constitutional order

Plus, Lula’s victory

Bank of Japan to remain on quarterly tightening path

Read the BoJ’s October forecast from the FT’s Monetary Policy Radar team

India’s outsourcers defy AI threat

IT services groups now make 10% of revenue from helping companies integrate the new technology

Global equity markets rise as AI trade regains steam

Asia follows Wall Street higher in wake of Anthropic’s long-awaited IPO filing

Anthropic’s big financial reveal

Here are the big takeaways from the start-up’s IPO prospectus

Bank of England orders review of Revolut’s product approval processes

Section 166 order came earlier this year and is focused on risks around rapid launches of new financial products

EU tells countries to make plans to cope with 3C of global warming

Climate commissioner says member states must take ownership of damage caused by floods, heatwaves and fires

UK’s post-Brexit powers hit by landmark test over Chinese diggers

World’s largest maker of construction equipment fights to overturn 18.81% anti-dumping duty imposed by Trade Remedies Authority

Insurers bullish on private markets even as government bond yields rise

Three-quarters of the groups surveyed in a BlackRock poll are looking to increase their allocations to unlisted assets

UK stocks are a haven in a more uncertain world

Valuations of London-listed companies are now the most attractive in the G10

France must appease protesters without extra spending, says finance minister

Roland Lescure says government can come up with creative solutions without widening budget deficit

Labour’s target of building 1.5mn homes ‘effectively dead’

Manifesto pledge to build 1.5mn homes by 2029 has looked increasingly unrealistic

Lula faces a fiscal reckoning after Brazil’s market rout

Concerns about management of economy trigger worst day for currency in more than 25 years

Three Russian diesel tankers steam for US — including one under sanctions

Trump deal with Putin to ease fuel prices exposes companies to legal threats from Congress

Growth in every postcode? What the UK economy really looks like

Interactive maps give a picture of how economic fortunes in Britain have varied wildly over a stagnant decade

Israelis go to the polls in historic election

First vote since October 7 2023 attack pits Benjamin Netanyahu’s far-right coalition against opposition bloc in knife-edge contest

Where auditors can lift their game

Investors hope awards for work on ‘critical audit matters’ can highlight where standards can be raised

The Audacity — Silicon Valley-based drama takes potshots at the billionaire lifestyle

Created by ‘Succession’ writer Jonathan Glatzer, this HBO Max show follows the lives of monstrous tech CEOs