Stocks under pressure after Apple downgrade shock – business live

Asian markets fall following phonemaker’s warning of lower revenueApple stocks tumble after company cuts forecasts for key quarter 8.13am GMT Next shares jump by 6%.
The market appears to be pleased with Next’s update, with shares hopping over Marks & Spencer to lead the FTSE 100. 8.04am GMT FTSE falls by 0.5% at the open.Marks & Spencer is the early leader, up by more than 4% in the opening minutes, boosted by the readacross from Next’s results. 8.01am GMT Let’s