Shares in Arm, which said in a statement that it had a record order book, rose 2.7% in morning trading.

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The record label said in a statement that it would be appealing the High Court judge's decision: "With great respect to the trial judge, we consider he has reached the wrong conclusion, " said Neil Aspinall, manager of Apple Corps in a statement.

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He said he had not intended to say what he appeared to, and promised to issue a statement correcting the record.

CENTERFORSECURITYPOLICY: Correcting the Hayden record