Sources say the BBC and Channel 4 are discussing a merger or broader tie-up than previously disclosed to reduce costs.

U.S. 10-year Treasury auction (Oct 7): percentage awarded at the stop-out yield 57.6%, prior 89.25%.

The Bank of England plans to link more than 100 regulatory thresholds for banks and insurers to UK nominal GDP to avoid firms automatically triggering tougher rules due to nominal size increases, reducing barriers to expansion, the Prudential Regulation Authority (PRA) said. The PRA said 128 existing thresholds trigger additional regulatory requirements, ranging from a total-assets threshold of £320bn that activates more detailed capital reporting to a £7,500 borrowing trigger for individual credit-union members. Under the proposal, thresholds would be automatically uprated in line with UK nominal GDP growth from July 2031 and subject to a formal review and adjustment every five years.