New York Governor Andrew Cuomo said he will raise the minimum wage for state workers to $15 (£9.92) an hour.

China's Alibaba says it made more than $3.9bn (£2.6bn) in sales in the first hour of Singles' Day, the world's biggest online shopping event.

George Osborne should postpone planned reforms to tax credits, says a group of MPs warning that there can be no "magic bullet" to protect low-paid workers.

Supermarket chain Sainsbury's reports a fall in half-year profits, saying the grocery market remains "challenging".

TalkTalk says the cyber-attack it suffered could cost it up to £35m, but it expects full-year results to be in line with market expectations before the hack.

SSE made an adjusted pre tax profit of just under £549m in the six months to the end of September - up 48% on the same period last year.

Anheuser-Busch InBev agrees the terms of its £71bn takeover of rival SABMiller, in a deal that will combine the world's two largest beer makers.

The FTSE 100 rises, with shares in Sainsbury's up despite the supermarket group reporting a fall in profits.