The 10 biggest business stories on Tuesday November 3

Internet executives gather in Dublin; Standard Chartered to cut 15,000 jobs; King Digital, Candy Crush developer, bought by Call of Duty owner Activision Blizzard for $5.9bn

1. The UK's construction PMI data is coming at 9:30 UK time and shows business conditions in the construction industry.

2. Internet executives gather in Dublin. More than 40,000 people, including senior executives from Amazon, Google, Facebook, and Slack, are attending the annual Web Summit.

3. Asia-focused British bank Standard Chartered is cutting 15,000 jobs as part of a major restructuring that will cost around $3 billion (£1.9 billion).

4. Associated British Foods posted a 2 per cent fall in annual earnings, as growth at its Primark fashion chain was more than offset by a slump in its sugar operation and currency moves. Group revenue fell 1 per cent to £12.8 billion, while adjusted profit before tax fell 6 per cent to 1.034 billion pounds. The dividend was increased 3 per cent to 35 pence.

5. UBS, Switzerland's biggest bank, on Tuesday posted a bigger-than-expected year-on-year rise in third-quarter net profit. Net profit for the three months to end-September was 2.1 billion Swiss francs (1.38 billion pounds), up from 762 million francs a year earlier and ahead of a forecast for 1.758 billion francs in a Reuters poll of four analysts.

6. The US Environmental Protection Agency is expanding the VW investigation to its Porsche, Audi and other cars from model years 2014 to 2016.

7. Videogame giant Activision Blizzard, which built an empire on videogames for consoles and PCs, is purchasing King Digital, the makers of popular game Candy Crush, for a total equity value of $5.9 billion.

8. German fashion house Hugo Boss said on Tuesday it expects sales and earnings to recover in the fourth quarter after a slowdown in China and more hesitant tourist shoppers in the United States hurt its third-quarter results. Hugo Boss last month cut its 2015 sales and profit outlook due to weakness in China. It reiterated that outlook on Tuesday, saying it expects sales and core profit to each rise by between 3 and 5 per cent on a currency-adjusted basis.

9. Maker of wearable bracelet Fitbit tripled its third quarter sales - the company brought in $409.3 million (£265.5 million) in the third quarter compared to $152.9 million in the same period the year before.

10. Imperial Tobacco, behind popular cigarette brands such as Gauloises and Davidoff, profits are up despite a drop in cigarette sales. Imperial Tobacco reported full year profits of £3.05 billion, up 2.4 per cent from £2.98 billion last year.