Warm weather chills Zara owner Inditex & UK’s Superdry

Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage. As Pascale Davies reports, Britain's Superdry was also hit by better weather - its shares fell by a third after a second profit warning in three months

UK: markets rally amid Brexit turmoil

UK blue-chip shares were slightly higher on Wednesday on gains in British American Tobacco, Rolls Royce and companies with international earnings, as political chaos deepened following a leadership challenge to the Prime Minister. As David Pollard reports, sterling also regained lost ground after a senior minister said Britain would need to delay its exit from the EU if Theresa May loses a vote of confidence.