Business headlines

ASDA FACES MASS ACTION ON EQUAL PAY
Asda, the UK's second largest retailer, is facing a mass legal action over equal pay by women who work in their stores.

GDP RISES BY 0.7% IN THIRD QUARTER
The economy expanded at a slower pace in in the three months to 30 September following a 0.9% rise in the second quarter, the ONS said.

UK ANGER AT £1.7BN EU CASH DEMAND
UK politicians react angrily to demands for an extra £1.7bn (2.1bn euros) contribution towards the European Union's budget due to the country's better economic performance.

STANDALONE TSB PICKS UP CUSTOMERS
Newly independent bank TSB says it is attracting more new customers than it had expected.

RENTAL COSTS 'UP 1% IN A YEAR'
The cost of renting a home in Britain rose by 1% in the year to September, with the fastest growth seen in London and Scotland, official statistics show.

FORD PROFITS FALL ON NEW TRUCK COSTS
Ford reports a sharp fall in profits, largely due to the cost of developing its new F-150 pickup truck.

SPIRIT PUBS REJECTS OFFER FROM C&C
Spirit Pub Company has rejected a takeover offer from cider maker C&C, days after agreeing to recommend a rival offer from Greene King.

JOB CENTRES TO GET DIGITAL MAKEOVER
Computer workstations, electronic signature pads and free wi-fi are rolling out across UK job centres.

MICROSOFT PROFITS FALL ON NOKIA DEAL
Microsoft reports a fall in profits as a result of the cost of job cuts and its purchase of Nokia's smartphone business earlier this year but rising revenue cheers investors.

QANTAS BACK ON TRACK TO PROFIT
Australia's troubled national carrier Qantas says it is on course to deliver its first pre-tax profits this year in the three months to September.