THE DAILY BRIEFING

■ GERMAN FALL Revenues at troubled German lender Deutsche

Bank slipped to £5.5bn in the three months to September 30, down 9pc on a year earlier. Profits dropped 46pc to £447m, largely due to woes at its investment bank. Shares are nearly 42pc down this year.

■ POWER LOSS Almost 100,000 people left Scottish Power in the third quarter as the energy company prepares to switch to fully renewable power. UK customers fell from 4.87m at the end of June to 4.78m.

■ FLYING HIGH Profits at aircraft maker Boeing soared 30pc to £1.9bn in the third quarter after revenues hit £19.4bn. It expects revenues to reach £77bn this year due to a boom in air travel and defence business.

■ CASH CAUTION Investment firm Quilter raked in £500m in the third quarter, down from £1.3bn for the same period last year, as turmoil on the markets made savers cautious.

■ EUROZONE WOE The eurozone economy is growing at its slowest rate for more than two years amid a trade war and looming crisis in Italy.

Research firm IHS Markit said manufacturing and services activity fell. Its index of growth, where anything over 50 means the economy is expanding, was at 52.7 this month, down from 54.1 in September. ■ ON BOARD Ten-pin bowling firm

Ten Entertainment has appointed Pure Gym non- executive director Adam Bellamy to its board.

■ PPI SURGE Complaints about mis-sold PPI have surged since the City watchdog launched an ad campaign featuring Arnold Schwarzenegger. A total of 3.7m complaints were lodged about toxic payment protection insurance in the ten months since the FCA campaign – up 63pc on the previous ten months.

■ REVENUE UP Home entertainment retailer Richer Sounds posted a £1.6m boost in revenues last year to £157.5m. But higher operating costs meant profits fell from £6m to £5.6m in the year to April 28.

■ STAFF CUTS The British Retail Consortium says that 21pc of retailers will cut their staff in the next three months, compared to none a year earlier. ■ AFRICAN DEAL London-listed miner Capital Drilling has won a contract in Ivory Coast to drill for nickel, copper and cobalt. ■ FUND SWOOPS Investment trust UK Commercial Property REIT has sold a High Street property in Exeter for £23.5m to a UK pension fund.