European Apple Suppliers Advance After Stellar iPhone Sales Results

Imagination Technologies and other European suppliers to Apple rallied early Wednesday after the U.S. tech giant reported better-than-expected earnings backed by stellar iPhone sales. Chip designer Imagination jumped 3% to change hands a three-week high of 243 pence each by 08:30 GMT in London, while chip maker STMicroelectronics rose 2.2% in Paris to a 12.47 each, just a few cents shy of its all-time high of a 12.50 each.