Toyota yesterday recalled 3,238 Lexus vehicles that could be affected by a rare problem with the valve operating system. The carmaker said the valve spring could degrade, causing it to break and make the engine misfire or run rough.
Online clothing retailer my-wardrobe.com has received a $9m (£5.9m) boost from Balderton Capital.
The business was founded just four years ago by Sarah Curran, who will remain the majority shareholder.
JOHN BUTTERWORTH | INSURANCE CONSULTANT
“I don’t think there is a problem with the firm floating. The long-term Waitrose deal is a definite plus point. It’s something different for investors: rewards come from taking a punt.”
SHARES in takeover target Dana Petroleum have rocketed 23 per cent over the past several days in response to confirmation that the Korean National Oil Company (KNOC) is in preliminary talks about acquiring the firm.
DAVID BUIK | BGC PARTNERS
“The most important thing for BP to do right now is provide decent evidence that it can plug the leak. Investment could make a hostile takeover unlikely and BP’s assets are expensive anyway.”
BORIS Johnson yesterday cornered David Cameron in crunch talks over public spending cuts planned for London, arguing that excessively heavy-handed measures would damage the capital’s standing as the economic powerhouse of the UK.
THE UK economy continued to grow in the second quarter of the year, boosted by a strong performance in the manufacturing sector, according to the quarterly survey from the British Chambers of Commerce published today.
EU presidency holder Belgium has intervened in a row about new European financial watchdogs in an attempt to avert a breakdown in talks to set up new supervisors by the start of next year, a senior diplomat said.
AGRICULTURAL Bank of China (AgBank) yesterday said it had attracted subscriptions from big insurers and other major companies for the Shanghai portion of its initial public offering (IPO), helping to ensure that the issuance would not cause disrup