Business

Ex-nuclear bosses in legal fight over Magnox

Ex-nuclear bosses in legal fight over Magnox

Sky News has learnt that Stephen Henwood and John Clarke, respectively the former chairman and chief executive of the Nuclear Decommissioning Authority (NDA) are trying to block the publication of criticisms contained in a report by a leading businessman. ‎Steve Holliday, the former chief executive of National Grid, was asked by the Business Secretary Greg Clark to undertake an independent […]

Barrick Gold Mulls Options For Its Acacia Stake In Bid To End Tanzania Tax Dispute

Barrick Gold Mulls Options For Its Acacia Stake In Bid To End Tanzania Tax Dispute

Barrick Gold (GOLD) is exploring its options for its stake in Acacia Mining, including a possible sale, in a bid to end a protracted dispute with Tanzanian tax authorities that has effectively prevented the company from expanding its operations in the country, Reuters reported. The dispute started when the Tanzanian government imposed a $190 billion tax bill on Acacia in […]

Apple First Quarter Sales Guidance Lowered After Greater China Weakness Hits iPhone Sales

Apple First Quarter Sales Guidance Lowered After Greater China Weakness Hits iPhone Sales

Shares of Apple (AAPL), the first company in the world to hit a market capitalization of 1 trillion dollars, fell in early trade on Thursday as the technology firm cut its revenue guidance for the fiscal first quarter late on Wednesday, blaming fewer iPhone upgrades than anticipated in some emerging markets. The Cupertino, California-headquartered firm now expects sales of about […]

Wall Street Leans Back Pre-Bell; Futures Red, Europe Lower

Wall Street Leans Back Pre-Bell; Futures Red, Europe Lower

Wall Street pre-market Thursday is leaning back, with US stock-index futures pointing to an opening bell off perhaps 1.70% from Wednesday’s close, and the tech-centric Nasdaq even lower. European bourses are trading down, and Asian exchanges largely closed lower, although Shanghai was flat and Sydney gained on resource stocks. Tech issues are struggling after Apple (AAPL) cut its Q4 revenue […]

Apple Did Not Foresee Magnitude of Economic Deceleration, Details Weak iPhone Sales

Apple (AAPL) noted in a statement Wednesday night, as part of its disclosure cutting its Q1 revenue outlook, it did not “foresee the magnitude of the economic deceleration, particularly in Greater China. In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and […]

Statement of intent by PM does little to mask chaos in wake of White Paper

The fact the British prime minister felt it necessary to point out she is in charge shows just how chaotic things remain in the UK weeks after the Brexit White Paper was released. In a statement on the last sitting day of parliament before the summer break, Mrs May said: “I will lead the negotiations with the European Union, with […]

Raab sidelined as Theresa May ‘takes control‘ of Brexit

Theresa May is taking personal control of EU withdrawal negotiations, with new Brexit Secretary Dominic Raab “deputising” for her in talks. But senior politicians here remain to be convinced the UK prime minister‘s bid to take back control will yield any real progress. Mrs May announced she would be front and centre of talks with Brussels alongside Olly Robbins, the […]