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  • Toyota 'sorry' for crash faults

    Thursday 25 Feb 2010

    Toyota’s president has apologised to the American people for the spate of safety issues that have plagued the carmaker, but insists he only found out about them at the end of 2009.

  • Premium broker tips: Ad recovery looms for ITV

    Thursday 25 Feb 2010

    Investors will be tuning into ITV’s full-year results next week expecting confirmation that the UK TV market is ramping up aggressively.

  • Centrica breaks through £1bn profit barrier

    Thursday 25 Feb 2010

    British Gas owner Centrica bounced back through the billion pound profit barrier and announced a 5% dividend rise.

  • Greek losses hit Credit Agricole

    Thursday 25 Feb 2010

    Credit Agricole posted lower-than-expected quarterly profits after being hit by losses in Greece, but said it has made a good start to 2010.

  • Greek losses hit Credit Agricole

    Thursday 25 Feb 2010

    Credit Agricole posted lower-than-expected quarterly profits after being hit by losses in Greece, but said it has made a good start to 2010.

  • Impairments have peaked, says RBS

    Thursday 25 Feb 2010

    Part-nationalised bank Royal Bank of Scotland saw its net attributable loss narrow markedly in 2009 with fourth quarter impairments 5% lower than the third quarter. A £3.6bn loss was down from £24.3bn in 2008. ‘An £8.3bn profit for 2009 in our core businesses provides evidence that the new RBS can deliver sustainable earnings,’ said boss Stephen Hester

  • Palm oil recovery fuels NBPO optimism

    Wednesday 24 Feb 2010

    Judging by the headline figures, 2009 was a fantastic year for New Britain Palm Oil (NBPO); pre-tax profits soared to £200.01m from £28.8m the previous year.

  • Premium broker tips: Barratt attracts 'buy' rating

    Wednesday 24 Feb 2010

    Barratt Developments kicked off the housebuilder reporting season with a “solid” set of half-year numbers, prompting an upgrade from Panmure Gordon.

  • HSBC to scrap pay rise for CEO

    Wednesday 24 Feb 2010

    HSBC, Britain’s biggest bank, is expected to scrap a pay rise of almost 40% for its chief executive Michael Geoghegan following shareholder protests.

  • Northern Rock loses 100% savings guarantee

    Wednesday 24 Feb 2010

    Northern Rock has confirmed that it will lose the government's guarantee that protects 100% of customers’ savings on their deposits in three months' time.

  • Google faces EU competition probe

    Wednesday 24 Feb 2010

    Google could be facing the first serious challenge to its dominance in the online search engine market after the European Union launched an investigation following complaints that the US giant is abusing its market position. The European Commission has written to Google to question how it operates after complaints from the three rivals

  • Barratt narrows interim losses

    Wednesday 24 Feb 2010

    Housebuilder Barratt Developments has cut half year losses and predicts a “significant” improvement in operating margin in the second half versus the first as it begins selling more houses and fewer flats. A loss before tax and exceptional items of £48.5m for the last six months of 2009 was much less than the £80.6m deficit reported a year ago

  • Wolseley shows the way

    Tuesday 23 Feb 2010

    Investors gave a warm reception to a ‘positive profit warning’ from Wolseley today, but for those concerned with overall economic conditions, the update is not so heartening.

  • Toyota admits slow on safety response

    Tuesday 23 Feb 2010

    Toyota took “too long” to deal with safety issues that resulted in the recall of over 8.5m cars, the company’s US chief admitted Tuesday. James Lentz, who goes before the House Energy and Commerce Committee in Washington today, admitted the Japanese firm “failed to promptly analyse and respond" to information received

  • Japanese government airs Toyota doubts

    Tuesday 23 Feb 2010

    Toyota has come in for criticism from the Japanese government just as president Akio Toyoda prepares to face some tough questions from US investigators tomorrow. "I tend to think there is a great possibility that Toyota didn't share information with the government properly," he told a press conference. The carmaker has recalled more than 8.5m cars so far

  • Mortgage approvals slump in January

    Tuesday 23 Feb 2010

    Last month’s terrible weather and an increase in the stamp duty threshold back to £175,000 at the start of the year have sent mortgage approvals to an eight month low.

  • Lloyds confirms Daniels will waive bonus

    Tuesday 23 Feb 2010

    Lloyds Banking Group has issued a statement confirming that chief executive officer Eric Daniels will waive his right to a bonus for the second year in succession.

  • Premium broker tips: US exposure offers protection

    Tuesday 23 Feb 2010

    Companies covered today include: Experian, AstraZeneca

  • Luminar founder and CEO steps down

    Tuesday 23 Feb 2010

    Stephen Thomas, night club owner Luminar's founder and veteran chief executive, is to hang up his dancing shoes after 22 years.

  • Drax tops expectations

    Tuesday 23 Feb 2010

    Drax, operator of the UK’s largest coal-fired power station, delivered a set of full year results ahead of market expectations, despite poor market conditions. ‘For 2010 and beyond, we are continuing to see narrow dark green spreads driven principally by low forward gas prices compared to those of coal,’ chief executive Dorothy Thompson said.

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