Samsung slashes profit forecast over Galaxy Note 7 crisis
Samsung Electronics cuts its quarterly profit forecast by a third due to the scrapping of its Galaxy Note 7 smartphone. BBC News – Business
Samsung Electronics cuts its quarterly profit forecast by a third due to the scrapping of its Galaxy Note 7 smartphone. BBC News – Business
Samsung stops all sales of its Galaxy Note 7 smartphone and tells owners to power down the device, after reports of replaced devices catching fire. BBC News – Business
UK companies will not be told to list or name foreign workers they employ, the government says – as Labour accuses it of “disarray”. BBC News – Business
Chancellor Philip Hammond warns of market turbulence but insists the UK economy is strong after the pound’s sudden though brief 6% fall on Friday. BBC News – Business
Deutsche Bank announces that 1,000 jobs will be cut in Germany, amid worries over the company’s financial situation. BBC News – Business
The recovery in Tesco continues as it reports a rise in the first half sales and says it is on track to make full-year operating profits of £1.2bn. BBC News – Business