Nike improves as Oracle slides

WALL Street saw a mixed bag of results on one of its final reporting days of the year yesterday, with Nike improving its profits but tech firm Oracle slumping after missing its own earnings targets.

Nike said its quarterly net income rose 2.7 per cent to $469m (£299.5m), slightly ahead of forecasts, thanks to strong sales demand offsetting lower margins.

Oracle shares tumbled eight per cent after hours as it reported new software sales of $2.2bn.