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UK mortgage approvals drop over Brexit fears

Bloomberg UK mortgage approvals dipped to a seven-month low in November and unsecured credit rose at its slowest annual pace for almost four years, the Bank of England (BOE) said. The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, ...

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Broadcom profit estimates defy share drop on Apple sales outlook warning

Bloomberg Earnings estimates for suppliers to Apple Inc have fallen along with their share prices since October las year, but estimates for at least one notable name are holding on: Broadcom Inc. Unlike other companies with a lot of exposure to the iPhone maker, which lowered its sales outlook, Broadcom’s earnings estimates have actually risen. Currently, the semiconductor maker is ...

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Volvo Trucks to take $780mn charge over emissions flaw

Bloomberg Volvo AB, the world’s second-largest truckmaker, will set aside 7 billion kronor ($780 million) to address a faulty emissions-control component that’s worn out more quickly than expected. The charge will eat into operating income in the just-finished fourth quarter, while the drag on cash-flow will impact the coming years, the Gothenburg, Sweden-based manufacturer said in a statement issued after ...

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