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  • German factory orders slump as investor confidence hits six-year low – business live | Business0

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The slowdown fears that gripped markets last week are intensifying this morning, as the slump across Germany’s manufacturing base deepens. German factory orders slumped by 6.7% year-on-year in August, new figures from Destatis reveal, extending the

  • Samsung estimates a 56 per cent slump in profits

    Samsung estimates a 56 per cent slump in profits0

    There will be much Seoul searching at Samsung’s head office BAD NEWS FOR those of you with investments in Samsung. The world’s biggest smartphone manufacturer has issued guidance for investors and said investors should brace for bad news. True, complaining about profits of 6.5tn won (around £4.4bn) does feel a bit ‘my diamond shoes are

  • Shopping centre owner Intu hit by store slump

    Shopping centre owner Intu hit by store slump0

    Image copyright Intu The owner of the Lakeside and Trafford Centre shopping centres, Intu, has cut its forecast for rental income, blaming the retail downturn. Intu said 2019 would be “challenging” due to a rise in rescue deals, as stores struggle to pay rent. It added that retailers were also delaying signing new leases due