Zara retail chain owner Inditex has reported a 32 per cent surge in profit, fuelled by business in India and China.
Inditex, the world's largest clothes chain, saw annual profit hit 1.73bn euros (£1.5bn).
The Japanese government has stimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at 16-25 trillion yen (£121-£189bn) making it the world's costliest natural disaster.
SAVERS will be looking to chancellor George Osborne to give support to personal investments in the Budget today, after the latest inflation figures showed that UK savings accounts are all losing money in real terms.
HEDGE fund manager Man Group sold its stake in successful rival BlueCrest Capital back to the firm for $633m (£389m) yesterday.
Man, which bought the 25.5 per cent stake in 2003, made about a $250m profit from the sale, it said.
DEUTSCHE Bank has been ordered to fork out €541,000 (£469,000) in compensation to a German paper company after the country’s highest court ruled that the bank had inadequately described the risks of a derivative it sold the firm in 2005.
A BUMPER year for enforcement fines means that financial firms will pay less for the FSA’s upkeep despite a ten per cent rise in its costs, the Authority’s business plan for 2011/2012 revealed yesterday.
ADOBE Systems posted first-quarter profit above Wall Street estimates, but cut its second-quarter revenue expectations by $50m (£30.5m), citing the uncertain business environment in Japan following the earthquake.