In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.
Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test
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U.S. crude oil falls below $95 per barrel as market hopes for diplomatic resolution to Iran war
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Poundland owner Gordon Brothers accused of ‘predatory capitalism’ as 12,000 jobs hang in balance – business live
Accusation comes from local MP, while government says it is meeting with Gordon Brothers to ‘press our concerns’ Dearden responded to Snell’s question: It is deeply concerning to see the uncertainty about Poundland’s future. That’s why I, the Secretary of State and the Prime Minister, have been keeping a close eye on what is an extremely worrying situation for the staff, their families and communities up and down the country. We’ve been demanding to know what is happening, particularly for Gordon Brothers to explain why they haven’t accepted any offer to keep the company going. We continue to establish the facts. Continue reading...
Baked by Melissa enters Target with first at-home cupcake mix
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Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans
Bank to make ‘early settlement’ offers before outcome of legal battle, with those who accept likely to get money before Christmas Business live – latest updates Barclays will this month start offering compensation to tens of thousands of people who claim they were mis-sold car loans, with some of those who accept likely to see the money land in their account before Christmas. Amid an ongoing legal battle over an industry-wide compensation scheme for victims of the UK’s car finance scandal, Barclays has become the first big UK lender to break cover and begin offering payouts to some customers who have complained. Continue reading...
Midterm elections could jolt stocks if Democrats sweep Congress
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