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Starbucks profit tops analysts’ estimates as US sales gain

  Bloomberg Starbucks Corp. posted earnings that topped analysts’ estimates as new menu items and digital efforts like mobile ordering helped its US business defy a restaurant-industry slowdown. Profit rose to 56 cents a share, excluding some items, in the most recent quarter. That topped analysts’ average prediction of 55 cents. The world’s largest coffee-shop operator has been fueling sales ...

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UK factory output surges as Brexit’s pound impact downplayed

  Bloomberg UK manufacturing surged the most in five months in September, led by repair and maintenance of transport equipment including ships and machinery. The advance of 0.6%, exceeding forecasts for a 0.4% increase, indicates some strength in factories at the end of the third quarter. Still, weakness at the start of the period meant that manufacturing dropped 0.9 percent ...

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Egypt hits 8-year high on FX euphoria

CAIRO / Reuters Egypt’s stock market surged to an eight-year high on Tuesday because of hopes for foreign fund inflows after the currency was floated last week, while a plan by Saudi Arabia’s government to pay debts to the private sector boosted that market. The Egyptian blue chip stock index jumped 2.5 percent to 10,097 points, its loftiest finish since ...

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