Stronger iPhone sales than Wall Street had expected helped Apple to a record quarterly profit last night that beat forecasts and extended a rally in its shares. The iPhone maker also cruised past revenue estimates, sending its stock up after hours to record highs.
Ovo Energy has paid a penalty of £8.9 million for years of billing failures and “reckless” disregard for rules which resulted in many customers being overcharged.
The Scottish soft drinks group behind Irn-Bru said yesterday that it was on target to “reset” the business after last summer’s profit warning. Shares in Barr (A.G.) (BAG) leapt by more than 15 per cent after it said that it expected adjusted pre-tax profits “at the top end of current market expectations” at just over £37 million, albeit still below the £45.2 million reported in 2018.
Shares in Avast Software (AVST) fell again this morning amid reports that the cybersecurity group collected and sold users’ internet search histories. An investigation carried out by PCMag and Vice into the use of data by Jumpshot, Avast’s subsidiary, found that individuals could be identified by companies that had bought chunks of supposedly anonymised data.
Saga (SAGA) has entered calmer waters after reporting progress on customer loyalty and confirming that it will meet its reduced profit guidance for the year to January 31.
Investors trapped in Neil Woodford’s main fund will this week receive just over 74 percent of what is left of their shrunken investments, the administrator of the winding-up said yesterday. An estimated half a million investors in the Equity Income Fund will receive between 46.41p and 58.99p per share in the first tranche of money being paid back, according to Link Fund Solutions, the authorised corporate director.
Airbus is to pay €3.6 billion in fines and penalties to Britain, France and America after settling claims against it of bribery and corruption.
