DAILY BRIEFING: Apple slumps as Trump threatens he could hit Chinese-made iPhones with 10% tariffs
Apple fell after President Trump said he could hit iPhones made in China with 10% tariffs
TRUMP THREAT Shares in Apple fell after President Trump said he could hit iPhones made in China with 10 per cent tariffs.
NO BID Stockbroker Liberum has denied rumours that Australian bank Macquarie has made a £100million bid to buy it.
SHALE QUEST Explorer IGas has started drilling the UK’s third shale gas well, in north Nottinghamshire, hot on the heels of rival Cuadrilla.
STEELY SALES Structural steel firm Severfield said revenue in the first half rose 9 per cent to £149million while profit before tax rose 2 per cent to £13million.
TOUGH TIME Meat supplier Cranswick reported near-flat profit growth of 1 per cent against a tougher background for the market.
MYSTERY MAN Yang Zhihui, chairman of Hong Kong casino builder Landing International Development, has reappeared after vanishing in August. He had allegedly been ‘assisting Chinese authorities with an investigation’.
NEW BOSS Paul Stockton, investment firm Rathbones’ finance director, will become chief executive after Philip Howell retires in May.
MONEY WORRIES The wealthy are worrying more about their financial future than a year ago, Canaccord Genuity Wealth Management said.
GOOD YEAR Flooring firm Victoria posted a 44 per cent rise in revenues to £273.4million in the 26 weeks to September 29 compared with a year earlier. Profits almost halved to £4.6million.
BABY LINK Retailer Next signed a concession deal with mother-and-baby firm Mamas & Papas at its Bristol Cribbs Causeway store.
ASDA MOVE Budget retailer Wilko has appointed Asda’s Andrew Moore as chief commercial officer.
ON RISE Sales at product tester Intertek have risen 3.8 per cent to £968million in the four months to the end of October when compared to last year.
MAGIC MALL Shopping centre owner Westfield welcomed a record 50m visitors to its Stratford City site in London in the past year.
PARK ROW Casino operator Genting Malaysia is launching a legal challenge against 21st Century Fox and Disney for scrapping plans for a theme park in the country.
PEDAL POWER San Francisco-based bike hire firm Lime has launched its services in the UK. Its electric-assisted bikes are available for rent in Milton Keynes.