The 10 things to watch in business on Wednesday September 30

JP Morgan will face a London Whale class action suit in the US; Ralph Lauren is stepping down as CEO; Eurozone inflation is coming. 

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The Independent Online

1. The first estimate of Eurozone inflation in September will be out at 10 am UK.
 

2. Japan sees shock fall in manufacturing output for second month running, raising recession risks. Industrial production fell 0.5 per cent in August, an improvement on the 0.8 per cent contraction seen in July but well below expectations for an increase of 1 per cent.
 

3. JP Morgan shareholders win permission to pursue class action over London Whale scandal which caused a $6.2 billion (£4.09 billion) loss.
 

4. British house price growth accelerated in September and there were signs the market in London is heating up again, mortgage lender Nationwide said on Wednesday.
 

5. Transport for London (TfL) is expected to announce a series of proposed measures which could cause a huge problem for Uber and other ride-sharing apps.
 

6. Sainsbury's retail sales fell 1.1 per cent excluding petrol, which was "moderately" better than analysts' forecast of 1.3 per cent. Last quarter the supermarket chain saw sales drop by 2.1 per cent.
 

7.  Ralph Lauren has stepped down from his position as CEO of his own company, The New York Times reports.
 

8. Mining giant Rio Tinto is selling Australian coal mine Bengalla for $606 million.
 

9. Google held its big autumn event last night. It unveiled two new smartphones, a revamped Chromecast streaming device, and the Pixel C Android tablet.
 

10. The note taking app Evernote lays off 47 people and closes 3 offices in effort to build a more focused team.

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