THE DAILY BRIEFING

US JOBS Unemployment in the US fell to 3.7pc in September – the lowest jobless rate since December 1969 – while the US economy created 134,000 jobs.

EARNINGS UP Profits at Samsung have soared by a fifth to a record high of about £11.8bn, with revenues up 4.8pc as the smartphone maker benefited from a surge in data centres for cloud computing.

SNAP DECISION A controversial redesign of photo messaging app

Snapchat was rushed, boss Evan Spiegel, 28, admitted in a 6,000-word memo to staff, telling them changes had solved some problems but created ‘many others’. BOOZE BID Britain’s biggest wine producers have urged Chancellor Philip Hammond to freeze alcohol duty in his Budget, which is on October 29.

RETAIL RETURN Collapsed retailer BHS, which fell into administration in 2016, will return to the High Street with concessions in department store chain Beales.

GOLF TARGET Sports Direct owner Mike Ashley is eyeing a takeover of golf retailer American Golf.

According to Sky News, the Newcastle United FC owner is among investors which have made an offer for the struggling retailer.

FRACK BOOST Gas explorer Cuadrilla will start fracking in Lancashire within a week and test how much gas flows from its exploration wells before deciding whether to proceed.

NEW SITE Mining groups Rio Tinto and Hancock Prospecting have opened the Baby Hope deposit in Western Australia, which will help sustain capacity at the Hope Downs 1 operation.

DEBT ORDER Stanlow oil refinery’s Indian owner Essar have been ordered by the High Court to pay £313m in unpaid debts to US hedge fund Midtown Acquisitions, paving the way for the Cheshire plant’s potential sale.