Tesco results live: comment, reaction and analysis

Welcome to our rolling coverage of Tesco's results this morning, with comment and analysis from City and retail experts:.

Front month Brent crude futures down 1.8% at $84.67 per barrel on ICE

Tesco mulling appointment of new Chairman - FT

The University of Ottawa is now in lockdown as police believes there are 'multiple assailants'

Ottawa police have confirmed to CTV news that there were at least three separate shootings. One of the shooters is reported to have been killed inside the parliament building.

Ottawa gunman shot dead inside parliament building, according to Reuters

Canadian parliament in lockdown after soldier is shot at nearby war memorial

The Canadian parliament in Ottawa has been placed on lockdown after a soldier was shot at a nearby war memorial, according to police reports.

Car insurers lead market gains after AA data on premiums

British car insurers were the best of the lot in the London market after motoring group AA reported that Shoparound premiums – an aggregation of the five cheapest premiums available – rose by 1. 2% in the latest quarter to reach £531.

Tesco most-bought UK share by TD Direct clients in three of past four weeks

US CPI remained unchanged in September

US consumer prices remained unchanged in September at a 1. 7% year-on-year rate of change, according to the latest figures available from the Bureau of Labour Statistics.

MPC minutes emphasise lack of inflationary pressures

As anticipated by economists, the minutes of the 7 to 8 October meeting of the Monetary Policy Committee (MPC) revealed that the decision to maintain Bank Rate and the current size of the Bank’s bond purchase programme was taken by a majority of seven votes to two.

GlaxoSmithKline reports sales down 10% to £5.65bn

British pharmaceuticals firm GlaxoSmithKline reported a 1% drop in core operating profits in the three months to September, to reach £1. 887bn at constant exchange rates (CER).

Europe midday: Commission set to rule on French and Italian budgets

The main European equity gauges had slipped into the red come midday amid reports that the European Commission might decide as soon as today whether France and Italy’s budget proposals adhered to EU rules or not.

Metro Bank sees deposits rise by 146% to £1.39bn

MPC voted 7-2 to maintain rates at last meeting, as expected, minutes show

Coene (ECB): Frankfurt has no concrete proposal for bond-buying scheme

In remarks to Belgian daily De Tijd European Central Bank (ECB) governing council member Luc Coene said Frankfurt has no concrete plans to buy corporate bonds.

Brazil elections: Latest Data Folha poll puts Rouseff at 46%, Neves at 43%

Japanese exports grew 6.9% in September, beating forecasts

Japanese exports rose by 6. 9% in September in year-on-year terms according to figures released by the Ministry of Finance.