1630: Close The FTSE ended the final session of the week modestly higher, hitting fresh five-month highs and led by RBS as investors took steps to prevent Osborne going ahead with a 'good bank-bad bank' split, and ARM, whose technology has been licensed by IBM. In macro news, it was today revealed that UK economic output rose in line with market expectations between July and September, while the recovery in the UK housing market pushed down rents in the last three months. Elsewhere, the BoE's Carney announced major changes to the way in which the central bank provides cash to Britain's financial system, while PM Cameron called on European leaders to relax regulation that he says is hampering small businesses. The FTSE closed up 8.16 points at 6,721.34.
1555: The University of Michigan's final reading on consumer confidence for the month of October has printed at 73.2, versus 75.2 for the month before (Consensus: 75.0). The largest fall was seen in the current conditions gauge, which fell back to the 89.9 point level, after a reading of 92.8 in the month before.
1413: Shares of Serco hit technical resistance and 200-day moving average at 583p and then fall back.
1330: US durable goods orders shot up by 3.7 per cent month-on-month in September, following an 0.2 per cent rise in the month before (Consensus: 2.3 per cent). However, the figures appear to have been distorted by civilian aircraft orders, which rose by 57.5 per cent.
1015: Security company G4S has replaced its UK Chief Executive Richard Morris in an effort to repair its fragile relationship with the government in the wake of allegations that it overcharged on contracts for the electronic tagging of offenders.
0930: UK third quarter GDP expanded at an 0.8 per cent quarter-on-quarter pace, just as was expected. "Looking ahead, falling real pay, the fiscal squeeze and the dormant state of the euro-zone economy seem likely to prevent the UK's economic recovery from gathering much more pace. But with employment growing, confidence returning and productivity still well below its potential, it seems unlikely that the recovery will fade significantly either", Capital Economics says.
0900: The IFO Institute's German business confidence index for the month of October slipped slightly, to 107.4 points from 107.7 last month (Consensus: 108.0). The move lower was due mainly to a fall in the expectations sub-index to 103.6 from 104.2 (Consensus: 104.5).
0846: Heavy losses were seen overnight in Asian bourses. Concern about a potential cash crunch returned as China's seven-day repurchase rate surged by 154 basis points this week, to 5.03 per cent, the biggest rise since June. Today it increased by another 24 basis points.
0845: UK stocks have begun the session slightly down despite the positive tone seen overnight on Wall Street. That comes ahead of this morning's release of the IFO institute's German business confidence survey and the ONS's preliminary estimate of third quarter gross domestic product (GDP), which will be published at 09:30 (Consensus: 0.8 per cent). To be taken into account, shares
of Microsoft rose sharply last night in the States following its latest quarterly results. Shares of RBS are in the lead now on the Footsie after Mark Carney last night unveiled easier access to funds for Britain's struggling lenders. British Land and Hammerson are also trading higher, while IAG and easyJet are moving lower. FTSE 100 down 6 points to 6,707.