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Apple shares are down 0.24% in after hours trading after reporting slower than expected sales growth.

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Apple has reported lower-than-expected iPhone sales in the latest quarter, its slowest-ever growth in shipments, as the company began to feel the effects of economic softness in the critical Chinese market.

Apple said on Tuesday it sold 74.8 million iPhones in the three months ended Dec. 26, the first full quarter of sales of the iPhone 6S and 6S Plus.

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Weight Watchers stock rose as much as 22% after investor Oprah Winfrey said it had helped her lose weight, Bloomberg Business reports, external.

Ms Winfrey owned nearly 15% of Weight Watchers' stock in late October, the news agency says.

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Ray Dalio's Bridgewater Associates has overtaken George Soros' Quantum Endowment Fund as the hedge fund that has made most money for investors, Bloomberg Business reports, external.

The Bridgewater Pure Alpha fund has made $45bn since 1975, topping the Quantum Endowment Fund's $42.8bn since 1973.

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Figures published for the first time by the Association of British Insurers show that more than one in five home insurance claims are unsuccessful.

Confusion about what is covered by insurance policies is one of the reasons that policyholders fail to receive a payout.  

Wall Street has closed sharply higher, driven by a surge in oil prices and strong results from multinationals 3M, Johnson & Johnson and Procter & Gamble.

The Dow rose 1.78% to 16,167 points, the S&P 500 was up 1.41% at 1,903 points and the tech heavy Nasdaq rose 1.09% to 4,567.

Crude prices rose around 3.8% on hopes that Opec and non-Opec producers would move to restrict production.

Jim Harra, the head of business tax at HMRC, earlier told BBC Radio 4's World at One that he understood public concern about multinationals' tax affairs:

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The value of euro banknotes in circulation in 2015 was almost double the value of ten years ago, raising a question mark over whether electronic forms of money are replacing banknotes, says Bloomberg Business, external.

Lack of liquidity in markets is not necessarily the fault of regulators, Oeyvind Schanke, chief investment officer of asset strategies at Norway’s $790bn wealth fund, tells Bloomberg Business, external.

Blaming tougher capital rules is "an excuse for something else," he says.

Charities are being given a "last chance" to regulate their fundraising before legal controls are used. 

Cabinet Office Minister Matt Hancock said their techniques to raise money had already reduced trust in them. If they didn't put their house in order the government would soon have powers to intervene through the Charities (Protection and Social Investment) Bill which cleared the Commons unopposed tonight. 

The new legislation is aimed at protecting vulnerable people who have been targeted by charities. Britain's longest-serving poppy seller, Olive Cooke, had received up to 267 letters a month asking for donations before her death.

Zurich Insurance has a new boss. Mario Greco, currently the chief executive of rival insurer Generali, will take the helm from the beginning of May.

Mr Greco previously ran Zurich's main insurance business before moving to Generali just over three years ago. 

Travel expert Simon Calder says travellers to Latin America will be put off by the Zika virus.

Latin America's largest airline Grupo LATAM has said it will waive cancellation or flight change fees for pregnant women who want to cancel flights to countries which have the Zika virus. 

We already know that the report will not criticise [bad bank] Nama, the agency set up to takeover toxic assets and get some money back for the state.

Nama has been criticised for allegedly selling off assets too cheaply.

We also know the Central Bank of Ireland will be heavily criticised, alongside the financial regulator, the ECB and the former Fianna Fail-led government.

Up to 40 recommendations have been made, including making the advice of a minister for finance to the cabinet accessible through Freedom of Information law.

Two members of the committee that carried out the Inquiry have refused to sign off on the final report: Sinn Fein’s Pearse Doherty and Socialist Joe Higgins.

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Tesco shareholders are set to launch legal action against the supermarket, claiming they lost tens of millions of pounds after the retailer's accounting problems in 2014.

Group litigation fund Bentham Europe said law firm Stewarts Law will shortly be writing to Tesco on behalf of a "substantial" number of institutional investors.

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Apple is expected to report a 1.3% increase in iPhone sales in the October to December quarter, its slowest ever, the Reuters news agency reports.

Apple sold 75.5 million iPhones in the quarter, according to research firm FactSet StreetAccount, 1 million more than in the same period a year earlier.

Irrespective of anticipated iPhone sales, Wall Street expects Apple to report its biggest ever profit and revenue in the first quarter.

Analysts on average expect Apple to report a profit of $18.14bn (£12.6bn) in the first quarter and revenue of $76.59bn.

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Environmental campaign group Greenpeace has said an EDF board meeting to decide whether to invest in Hinkley Point nuclear power plant has been postponed, which "could well signal curtains for Hinkley".

EDF declined to comment.