BUSINESS LIVE: Wage growth slows; Metro Bank fined £16.7m; AstraZeneca upgrades guidance

UK wage growth, excluding bonuses, fell in the third quarter to its lowest level in more than two years, fresh data from the Office for National Statistics shows.   

The ONS also said unemployment in September rose to 4.3 per cent, from 4.1 per cent in the previous month, in further signs of a cooling jobs market. 

The FTSE 100 is down 0.4 per cent in early trading. Among the companies with reports and trading updates today are Metro Bank, AstraZeneca, BAE Systems, Vodafone and Drax. Read the Tuesday 12 November Business Live blog below.

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Metro Bank fined £16.7m fine for for financial crime control failures

Metro Bank has been fined almost £16.7million after a City watchdog probe found historic failures in the lender’s money laundering checks.

Between June 2016 and December 2020, Metro ‘failed to have the right systems and controls’ to adequately monitor over 60 million transactions worth more than £51billion, the Financial Conduct Authority said.



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