City news: Odeon, Apple, mortgages and Hotel Chocolat

City news: Odeon, Apple, mortgages and Hotel Chocolat
 

Shares in the FTSE 250 wireless communications technologies group plunged 150p to 158½p as it flagged up annual profits of about £50million, well below analysts’ forecasts of about £77million.
Component suppliers’ margins have been squeezed as smartphone makers have pushed for lower prices as sales growth slows.
Chief executive Tony Quinlan said: “We are very disappointed by these adverse developments.”
THE competition watchdog has launched a preliminary investigation into US cinema chain AMC Entertainment and its £921million acquisition of Odeon and UCI.
The deal with private equity firm... read more

 
19 October 2016 in Business, Views: 38
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