And in the real world... Cadbury Dairy Milk, Phorm, BT, BSkyB, Apple and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

Wm Morrison sought to counter concerns that recent sales growth had come at the expense of profits, by announcing that profits would beat expectations. Its shares rose 8 per cent on the news. Source: Financial Times

BSkyB believes restricting competition for broadcast rights could put "increased pressure" on sporting bodies investing in the elite and grassroots, in a last-minute submission to the independent body reviewing which events should remain freely available to the public. Source: The Independent

After spending recent months fighting off questions about the health of its chief executive, Steve Jobs, iPod maker Apple today shrugged off its critics by announcing some of the best financial results in its history. Source: The Guardian

Cadbury's Dairy Milk, Britain's bestselling chocolate bar, is to bear the Fairtrade mark. Source: The Times

Nationwide is the latest major company to pull the plug on Phorm, following BT and Carphone Warehouse's TalkTalk earlier this month. Source: The Telegraph

Ryanair, Europe's biggest low-cost carrier, plans to cut services at London Stansted and Dublin, its two largest bases, this winter as it pares loss-making routes and moves aircraft to airports in continental Europe to benefit from lower charges. Source: Financial Times