- HSBC, the bank, fell 7% as investors looked past a 32% rise in third-quarter profit to focus on a revenue miss blamed on its wealth division and Beijing's tightening grip on Chinese money moving overseas.
- Reckitt, the consumer goods group behind Dettol and Durex, dropped 6% after cutting its full-year sales growth guidance following supply problems, with Jefferies describing the third-quarter update as "not a good" one and consumers in the West trading down to own-brand alternatives.
- The FTSE 100 fell sharply, left at the foot of European markets by the HSBC and Reckitt declines, though US futures pointed higher as investors braced for Alphabet and Microsoft results and digested the Anthropic IPO filing from Monday.
- Deutsche Bank downgraded Sainsbury's to 'hold' as the bank said a softening volume outlook had reduced the upside case for the supermarket group.
- Prediction market traders are giving Google a 48% chance of releasing Gemini 4 Carbon, the next version of its flagship AI model, by mid-November, with internal testing said to be well advanced though the company has yet to confirm the product or a launch date.
That's your five for Tuesday
