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5 Things You Need To Know, Today, on Wednesday 19th October 2022
5. The UK's advertising regulator has banned two HSBC advertisements for being "misleading" about the company's work to tackle climate change.
The Advertising Standards Authority (ASA) said the banking giant can no longer run the ads which promoted its plans to reduce harmful emissions.
4. Netflix has stopped losing customers, after struggling to hold on to them in the face of competition and pressures from the rising cost of living.
The streaming giant said it added 2.4 million households to its subscriber base over the July to September period thanks to hits such as 'Stranger Things' and 'Monster: The Jeffrey Dahmer Story'.
3. The British Telecom pension scheme, lost around 11 billion pounds ($12.44 billion) in assets in recent weeks, it said in its annual report, as bond yields soared following the UK government's botched 'mini-budget'.
The BT scheme was a heavy user of liability-driven investments, a derivatives strategy at the heart of pension schemes' dash for cash to cover their positions as bond yields jumped following the UK fiscal statement on Sept. 23.
2. More rail strikes over pay and conditions will take place on 3, 5, and 7 November, after RMT general secretary Mick Lynch accused Network Rail of "dishonesty" in negotiations.
It threatens a week's worth of disruption similar to previous strikes.
1. The rate at which prices rose for the year to September came in at 10.1% more than 10% Forecast and higher than the previous figure to August of 9.9%.
It comes as a survey reveals growing concern about the squeeze on finances with some 85% of people asked saying they are now worried about the rising cost of living, up from 69% in a similar poll in January.