Summary

  • Wall Street rebounds sharply as oil rises 3%

  • European markets rally after a rocky start

  • HMRC defends Google tax settlement

  • Tesco 'knowingly delayed payments' to suppliers

Live Reporting

Tom Espiner

  1. Apple results: problems on the horizon?

    BBC Radio 5 Live

    Tim CookGetty Images

    Apple reports figures later, and there is talk that a bit of the shine might come off the tech company. Tom Stevenson, investment director at Fidelity Worldwide, tells Wake up to Money that there are potential problems on the horizon. "There's a looming gap in the Apple product supply chain. The iPad is fading, everyone who wants an iPhone has one, and [big take up of] Apple TV and Apple Watch is still a long way away."

  2. Good morning. Stay tuned for news later about a Groceries Code Adjudicator report into Tesco, and some trading figures from Carpetright, Dixons Carphone, and Easyjet.