Tecass25 Oct 2018 08:37
Early morning round up
EARLY MORNING HEADLINES ROUND-UP: UBS, ABB, ORANGE (LSE: 0OQV.L - news) , NORWEGIAN AIR (0552 GMT)
It's looking like a stronger day for bank earnings with UBS, Switzerland's biggest bank, reporting stronger than expected net Q3 profit which the lender put down to global growth prospects and monetary policy normalisation.
An industrial bellwether for Europe, engineering company ABB also reported slightly stronger than expected Q3 profit, saying its growth was improving around the world.
Bad news for the airlines sector, though, with Norwegian Air saying its unit cost has increased due to higher fuel prices, reporting Q3 results lagging forecasts.