BUSINESS LIVE: Royal Mail weighs job losses; Revolution CEO steps away

BUSINESS LIVE: Kwasi sacked as Chancellor while gilts rally on expectations of a mini-budget U-turn on tax but will this steady the ship

Gilts have rallied into this afternoon as investors welcome rumours that key pledges from September’s mini-budget will be scrapped, following the sacking of Chancellor Kwasi Kwarteng. The FTSE 100 is up 0.8 per cent in afternoon trading. Among UK companies with reports and updates are Royal Mail, Revolution Beauty, Ashmore, Rio Tinto, Vistry and Mondi. Read the Friday 14 October Business Live blog below.

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