Tina Green brings forward £50m payment to Arcadia pension scheme – Telegraph.co.uk

2) Landlord tells Mike Ashley to pay his rent on Sports Direct shops: Ben Habib of First Property Group says Frasers tycoon owes hundreds of thousands in unpaid rent despite offering £50m lifeline to Arcadia.

3) Activist investors go back on the attack after pandemic slump: Recent attacks by fund activists signal a roaring return to activist activity following a prolonged silence during the pandemic.  

4) TalkTalk faces Openreach legal claim over unpaid millions: TalkTalk faces accusations in the High Court of being months and millions of pounds – understood as about £16m – in arrears to Openreach.

5) Salesforce buys $28bn Slack – with $750m for British co-founder: Salesforce is buying office messaging app Slack for $27.7bn (£20.6bn) in one of the world’s largest ever software deals, using cash and shares.

What happened overnight 

Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional US economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.27pc, but was still trading below last week’s all-time high. Australian stocks rose 0.12pc.

Shares in China recovered from early losses and rose 0.12pc.

Tokyo stocks were little changed after setting a new 29-year high. Softbank Group shares fell 0.66pc after Bloomberg News said the tech investor is winding down its options trades on companies including Amazon.com Inc and Facebook Inc.

Meanwhile, Australia has exited its first recession in almost 30 years, after official figures on Wednesday showed the economy grew 3.3pc in July-September compared with the coronavirus-hit previous quarter.

With local transmission of Covid-19 largely under control, official data showed businesses have begun to rebound and consumer spending has surged.

The Australian Bureau of Statistics said household spending largely drove the economic bounce, rising 7.9pc compared with the previous quarter.

Coming up today

Corporate: Augmentum Fintech, Loungers (Interim results); Avon Rubber, Ixico, Residential Secure Inc, Stock Spirits (Full year)

Economics: Unemployment (eurozone); ADP payrolls change (US)