Scottish Daily Mail

THE DAILY BRIEFING

-

IPHONE FEARS the biggest assembler of apple iPhones has warned of sluggish demand, becoming the fifth supplier to raise alarm bells. Foxconn Technology Group is cutting its expenses in half because of the slowdown. the warning comes after iPhone parts makers AMS, lumentum, IQE and Japan Display said demand had weakened.

SORRELL HIRE sir Martin sorrell has hired a former WPP executive Michel de Rijk to run the asia-Pacific arm of his new advertisin­g company S4 Capital.

PLANE PLANS China is mulling tariff cuts for plane parts it imports to build aircraft. It is part of the country’s ‘Made in China’ strategy to boost high-tech manufactur­ing.

AUDIT SWITCH High street lender Lloyds has swapped auditors. It appointed Deloitte to take over from Big Four peer PWC.

EATING APP Israeli billionair­e teddy sagi’s property investment firm Labtech, which owns london’s Camden Market, has launched a new app to allow customers to ‘click and collect’ food from local outlets.

SHARE BUYBACK lender Standard Chartered could launch a share buyback to revive its stock price. the plan would depend on the size of a fine expected from Us regulators over past dealings that may have broken sanctions against Iran.

SALES RISE Pub operator Mitchells & Butlers posted a 1.3pc increase in sales in the 12 months to september 29 compared with a year earlier. Profits fell to £178m from £180m during the previous period.

CHINA OPENINGS legoland and thorpe Park owner Merlin Entertainm­ents has opened three attraction­s in China, including a Peppa Pig World of Play in shanghai.

NEW FACTORY Vaping retailer Vaporized has invested £2m in a factory in edinburgh.

CORNISH FLIGHTS london airport Heathrow will begin running direct flights to and from Newquay in Cornwall from april.

DIY DEAL embattled DIY chain Homebase has secured a £95m refinancin­g with Us bank Wells Fargo.

PRICE CUT elon Musk’s electric car maker Tesla has cut prices of two models in China by 12 to 16pc to counteract tariffs imposed in the trade war with the Us.

Newspapers in English

Newspapers from United Kingdom