The 10 biggest business stories on Thursday November 5

It's Super Thursday at the Bank of England; Facebook posts strong revenue growth; Morrisons reports another fall in sales

The Bank of England. The OBR predicts the UK economy will continue to grow (Getty Images)

1. Super Thursday: The Bank of England will publish the minutes of its Monetary Policy Committee at 12pm along with its decisions on interest rates and asset purchases.

2. European retail sales data will be released at 11 am UK time. The sales data by Eurostat covers the month of September and will indicate the state of consumer spending in the 28-member EU bloc.

3. October car sales data will be released at 9 am. It is set to show an 8 per cent fall in Volkswagen sales and the first overall fall in all sales for 44 months.

4. German banking giant Deutsche Bank will pay $258 million in fines for doing business with US-sanctioned countries like Iran and Syria, US regulators said Wednesday.

5.French bank, Credit Agricole posted a 15 per cent jump in third-quarter net profit, helped by its retail bank and its asset management and insurance business. The bank also appointed a new chairman.

6. Facebook quarter revenues beat estimates fuelled by mobile advertising. The social media company reported net income was up 11 per cent to $891 million (£579 million) for the period between July and September compared with $806 million last year. The company, reported it gained 60 million new monthly active users in the third quarter, bringing its global users to 1.55 billion.

7. Adidas sales rose 13 per cent in the nine months to September, compared with the same period last year, to €4.7 billion ($5.17 billion).

8. Morrisons supermarket has reported like-for-like sales were 2.6 per cent lower in the three months to the end of September. An improvement on the same period a year earlier when like-for-like sales were down 6.3 per cent.

9. SuperDry parent company SuperGroup has reported a strong first half, but warned that Christmas could be a challenge with strong comparatives to beat. SuperGroup first half sales were up 22 per cent to £255 million.

10. Better skills is key to resolving UK’s productivity problem according to a report published by the government Education Committee and Business, Innovation and Skills Committee today.