Money Minute Wednesday 23 October: Metro Bank, Zuckerberg and Microsoft

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This morning in the UK, troubled challenger bank Metro Bank reports on its third quarter earnings. The bank warned on profits earlier this year due to an accounting error, and now faces the difficult task of restoring investor confidence in the company.

In the US, Facebook founder Mark Zuckerberg will appear in front of US politicians to discuss the social network’s plans for Libra, a form of digital currency. In the face of regulatory hostility, particularly in the eurozone, many of Facebook’s prospective partners on the project – including Visa, MasterCard and Paypal – have already walked away.
Meanwhile, tech giant Microsoft reports on its first quarter earnings. Investors will be paying particular attention to the performance of the all-important cloud business, Azure.  Aerospace group Boeing also issues a third-quarter update. Problems with its 737 MAX aeroplane have battered the group’s reputation. Investors will look to see just how much financial damage that has done so far, and how much more it is likely to do in the longer run.

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