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The 10 biggest business stories on Friday October 30

Europe reports its inflation and unemployment data; ; Airbus Group Q3 core profit rises; RBS profits hit by restructuring and legal charges

Zlata Rodionova
Friday 30 October 2015 10:32 GMT
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Airbus managed to secure the top sales spot thanks to a surge in orders in December
Airbus managed to secure the top sales spot thanks to a surge in orders in December (Getty)

1. Chancellor George Osborne will launch the National Infrastructure Commission later to oversee £100 billion of spending on UK projects.

2. Europe reports its inflation and unemployment data at 10am today. Eurozone consumer prices are expected to remain unchanged after falling 0.1 per cent in September, while analysts will be hoping the long-term unemployment problem doesn’t appear to be permanent.

3. Royal Bank of Scotland Group has said legal costs could be higher than expected after it recorded a third quarter operating loss of £134 million, down from a profit of £1.1 billion the year before.

4. The European Union agreed to a preliminary deal that gives the 28 regulators members more power to break up the big banks The Financial Times reports.

5. US and Swiss authorities are investigating Credit Suisse Group AG’s relationships with FIFA officials named in a May indictment, the bank said on Friday, Bloomberg reports.

6. SAB Miller bidder AB InBev profits slump from $2.3 billion to $1.7 billion in third quarter.

7. Airbus Group operating profit rose 12 per cent to a better than expected €921 million for the three months to September on revenues 6 per cent higher at €14 billion. It also plans to increase in production of the A320 to 60 planes a month from 2019.

8. Linkedin raises its full year-forecast. The professional social networking site predicted an annual revenue of nearly $3 billion after posting $779.6 million in third-quarter revenue.

9. Martin Lewis the man behind the website MoneySavingExpert.com, which helps you to save money, just picked up a £19.2 million bonus linked to the sale of his website to price comparison websiteMoneysupermarket.com 3 years ago.

10. Starbucks delivered a disappointing profit forecast for the holiday quarter. The world's biggest coffee chain‘s fiscal fourth-quarter net income rose 11 per cent to $652.5 million, matching estimates, on higher US same-store sales. But its Asia sales missed expectations and the company forecast lower-than-expected Christmas earnings, sending its share price down.

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