Hot Off The Wires - 31 October 2019

News

• Apple has posted an increase in revenues, shrugging off a record run of declining iPhone sales and the brewing Chinese trade war, as its fast-growing wearable technology unit plugged the gap.

• Facebook’s profits have soared despite a wave of political controversies engulfing the social network.

• Starbucks beat estimates for quarterly same-restaurant sales as a loyalty programme paid off handsomely for the American coffee chain.

• Yum Brands, the owner of Pizza Hut and KFC, lost nearly $3bn in market value yesterday after it marked down its investment in Grubhub.

• Another fund, £253m Income Focus Fund, once run by disgraced manager Neil Woodford could be shut down - putting its investors at risk of huge losses.

Results

• Royal Dutch Shell (RDSA.L) - Q3 Results

• Rio Tinto (RIO.L) - Investor Seminar

• Lloyds Banking Group (LLOY.L) - Q3 Update

• InterContinental Hotels (IHG.L) - Greater China Educational Event

• International Consolidated Airlines (IAG.L) - Q3 Results

• DS Smith (SMDS.L) - Pre-close statement

• Smith & Nephew (SN.L) - Q3 Statement

• Crest Nicholson (CRST.L) - Strategic & Trading Update

• Foxtons (FOXT.L) - Q3 Update

• Codemasters (CDM.L) - Formula 1 contract extension to at least 2025

Trivia

Fifteen Knighthoods have been awarded for Services to Football. Which was the only one given to an active player?

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