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Sunday 24 September 2017

Core! Apple sets Wall Street record

Apple will buy $850m of power from a new California solar farm to cut its energy bill

Trading in Ormonde Mining's shares was at its highest level in two years the day before a potential takeover offer
Trading in Ormonde Mining's shares was at its highest level in two years the day before a potential takeover offer

Apple has set a record on Wall Street as the first US company to be worth more than 700 billion dollars (£460.5bn) based on the value of its stock at the close of trading - almost twice the value of the next biggest company, oil giant Exxon Mobil.

Apple shares rose nearly 2% last night, closing at 122.02 dollars (£80), which gave the company a market value of more than 710 billion (£467bn).

Apple, which has reported record sales and profit in recent quarters, has crossed the 700-billion line before in the course of daily trading, but yesterday was the first time any US company finished the day above it.

Exxon Mobil saw its shares fall by 0.6% and closed with a value of about 385 billion dollars (£253bn).

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