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  • Toyota set for new recall on brake concerns

    Sunday 07 Feb 2010

    Japanese car giant Toyota’s woes look set to worsen with the group poised to recall 300,000 Prius hybrid models because of concern over the brakes. Toyota already faces a $2bn bill for the recall of over 8m cars worldwide due to problems with accelerators sticking, but this latest setback to its flagship ‘green technology’ model will be another major blow to its diminishing credibility.

  • ICAP defends CEO share sale after warning

    Friday 05 Feb 2010

    Shares in ICAP slumped after the inter-dealer broker issued a profit warning less than a month after founder and chief executive Michael Spencer's family trust sold over £45m worth of shares.

  • Greek tragedy makes markets shudder

    Friday 05 Feb 2010

    Greece’s fiscal tragedy rocked global markets this week and in true classic style there was no shortage of drama, pathos and bathos.

  • European debt fears rattle global markets

    Friday 05 Feb 2010

    The world’s stock markets continued to dive on Friday as the ongoing sovereign debt crisis in Europe caused a stampede out of equities into safer investments. The Dow dropped below the 10,000 mark as investors considered the possibility of debt defaults by Greece, Spain and Portugal. In the UK, the market’s slide capped the fourth week in a row

  • Long-term outlook looks good for BG

    Friday 05 Feb 2010

    There were no surprises in the sharp fall in profits in BG Group’s results today, but investors were disappointed with the oil and gas explorer and producer’s prediction that it would only see slight output volume growth in 2010.

  • Toyota Recall - the apology

    Friday 05 Feb 2010

    Toyota’s president and grandson of the company’s founder, Akio Toyoda, today apologised to the drivers affected by the recall of over 8m of its cars.

  • Premium broker tips: Shell clams up

    Friday 05 Feb 2010

    City analysts have been poring over yesterday’s fourth quarter numbers from oil giant Shell, with most taking a dim view of a 75% slump in earnings.

  • European debt fears rattle global markets

    Friday 05 Feb 2010

    The world’s stock markets continued to dive this morning as the ongoing sovereign debt crisis in Europe causes a stampede out of equities into safer investments.

  • ICAP flags profit miss

    Friday 05 Feb 2010

    Interdealer broker ICAP says third quarter revenue was ‘slightly’ higher than the year before, but a rebound in overall activity levels at the start of 2010 has been a little weaker than last year.

  • Global sell off strikes Far East

    Friday 05 Feb 2010

    The world’s stock markets continued to dive this morning as the ongoing sovereign debt crisis in Europe causes a stampede out of equities into safer investments.

  • Raised guidance bodes well for Vodafone

    Thursday 04 Feb 2010

    Vodafone has been dogged by fears that weak trading recently has not just been due to the economic downturn but a more permanent decline as competition takes effect, so it is reassuring that the company has lifted its full year profit guidance.

  • British Airways heading for 'record loss'

    Thursday 04 Feb 2010

    Struggling airline British Airways will make 'record losses' this year even though it posted its first quarterly operating profits for over a year. The carrier posted a third quarter operating profit of £25m (loss £51m), though its pre-tax loss still came in at £50m, down from £122m last time. For the nine months so far this year, BA has made an operating loss of £86m and a pre-tax loss of £342m

  • Premium broker tips: BP gets mixed response

    Thursday 04 Feb 2010

    Companies mentioned: BP

  • British Gas cuts bills by 7% for 8m homes

    Thursday 04 Feb 2010

    Millions of families in the UK will see their energy bills cut this year after British Gas announced it is slashing gas bills for 8 million households.

  • Vodafone ups guidance

    Thursday 04 Feb 2010

    Vodafone marginally topped revenue expectations in the final quarter of 2009 prompting an upgrade to its full year operating profit guidance.

  • Shell suffers slump in Q4 earnings

    Thursday 04 Feb 2010

    Anglo-Dutch oil giant Royal Dutch Shell blamed a 75% slump in fourth quarter earnings compared with a year ago on sharply lower gas prices and refining margins.

  • Copper underpins Antofagasta's fortunes

    Wednesday 03 Feb 2010

    Unlike many of the big mining companies, Antofagasta’s activities can be pretty much summed up in one short sentence: it produces copper from three mines in Chile.

  • US jobless up least since Feb '08

    Wednesday 03 Feb 2010

    The number of Americans losing their jobs in the private sector increased by the smallest amount in almost two years last month, figures revealed today.

  • Premium broker tips: Xstrata the ‘resource entrepreneur’

    Wednesday 03 Feb 2010

    Companies covered today include: Xstrata, Rio Tinto, BHP Billiton, ENRC, Vedanta, Antofagasta, Anglo American

  • Regulator proposes central energy buyer

    Tuesday 02 Feb 2010

    Energy regulator Ofgem has suggested creating a central energy buyer to fund the UK’s energy needs in a series of proposals that would see government take much firmer control over UK energy supplies.

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