Here are the top business, market and economic stories you should be watching today in the UK, Europe and abroad:

Trading updates: Deutsche Bank, TSB and TalkTalk

Deutsche Bank (DBK.DE), TalkTalk (TALK.L) and British bank TSB – which is a subsidiary of Spanish bank Sabadell Group (SAB.MC) – are among the large European companies that posted new trading updates on Friday. Traders aren’t thrilled with the results.

Shares in Deutsche Bank were slipping by about 2% in morning trading after Germany largest lender reported its first annual profit in four years, but this was overshadowed by a bigger-than-expected loss in the fourth quarter and weakness at its investment bank.

The bank has been trying to turn itself around under new leadership, but has faced a series of hurdles, including allegations of money laundering and ratings downgrades.

Rumours had been swirling that the bank was under pressure by the government to merge with another German bank, but CEO Christian Sewing reportedly said he did not feel any pressure on this topic, according to the broadcaster n-tv.

“I do not feel that. And there is no intervention either,” he was quoted as saying.

Shares in TalkTalk are sliding by about 8% in morning trading after the British broadband provider warned that it would miss full-year earnings expectations due to the cost of acquiring new customers and a change in accounting standards.

TSB’s update showed the bank swung to a mammoth annual loss due to an IT meltdown last year that caused chaos for thousands of customers. This contributed to a 54% percent slump in 2018 net profit at Sabadell Group. Sabadell shares were dropping by about 5% in morning trading.

Stock market overview

Despite some poorly received trading results, European stock markets were moving up a bit on the first day of February.

Britain’s FTSE 100 (^FTSE) was leading the way with a gain of roughly 0.5% in morning trading. Germany’s DAX (^GDAXI) and France’s CAC 40 (^FCHI) were also inching up a bit.

This follows some mixed results in Asian markets. China’s benchmark Shanghai Composite (000001.SS) was the best performing index by far with a 1.3% jump on Friday.

US stock futures were mixed, with the Nasdaq (NQ=F) pointing down while the Dow Jones industrial average (YM=F) held steady ahead of the opening bell.

New Brexit warnings from businesses

Brexit has prompted almost a third of British companies to move some operations abroad or at least consider it, according to a newly released survey from the Institute of Directors (IoD).

The report showed 11% of firms – mostly larger companies – had shifted some activities overseas, while another 18% were planning to or actively considering it. On the flip side, 62% said they had no intention of moving because of Brexit.

“It brings no pleasure to reveal these worrying signs, but we can no more ignore the real consequences of delay and confusion than business leaders can ignore the hard choices that they face in protecting their companies,” said Edwin Morgan, the IoD’s interim director general.