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Evening Standard
Evening Standard
Business
Graeme Evans

FTSE 100 live: Amazon and Apple revenues disappoint, NatWest posts Q3 profit as mortgage bills rise

Updates from Amazon and Apple have set a downbeat tone for European markets after the tech giants highlighted the impact of supply chain pressures.

Their figures were released after Wall Street's closing bell and offset what had been another record-breaking session for the S&P 500 and Nasdaq.

In London, NatWest reported a jump in third quarter profits to £1.1 billion, with boss Alison Rose pleased with recent trends: “Growth is good, unemployment is low and there are limited signs of default across our book,” she said.

Borrowing costs for NatWest customers will be in focus, however, after several UK lenders raised their mortgage rates yesterday in anticipation of next week's forecast Bank of England interest rate hike.

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