BHP Billiton and Vale are fined a further 1bn reais (£171m, $260m) for the mining disaster that killed 11 people in Brazil earlier this month.

Asian shares open higher on Tuesday, recovering from Monday's losses, as Wall Street's positive close boosts investor confidence.

Easyjet reports another year of record profits, boosted by what the airline says are "favourable economic and consumer trends".

UK inflation as measured by the Consumer Prices Index remained at -0.1% in October, figures show.

Discount supermarkets Aldi and Lidl have seen their joint share of the groceries market double to 10% in just three years, industry figures show.

House prices in the UK rose by 6.1% in the year to September, according to the Office for National Statistics.

The London market rises strongly, with Smiths Group leading the way after striking a deal to cut pension contributions.

Ian Duncan Smith's work and pensions department is one of seven more to have reached a spending deal with the Treasury, George Osborne has said.