Bupa is healthy despite UK hit March 9, 2010 PRIVATE health insurance company Bupa said yesterday group profits remained healthy despite losing UK?customers in the recession. For the full year ending in December, revenues at Bupa rose 17 per cent to £6.9bn, while pre-tax profit jumped 117 per cent to £417m. Stripping out impairments caused by revaluations and losses, pre-tax profit grew four per [...]
Another Toyota to be recalled March 9, 2010 Embattled Toyota’s misery mounted yesterday when it admitted one of its Prius cars involved in a high-speed accelerator malfunction will be recalled. It will join hundreds of thousands of other Prius hybrid cars sold between 2004 and 2009 that will be brought back to the factory to prevent floor mats pinning down the accelerator. The [...]
FELIX DENNIS OFFERS UP A LESSON IN THE WAYS TO GET RICH QUICK March 9, 2010 WHOOMPH. On The Capitalist’s desk lands a blood-red copy of the latest money-getting guide from eccentric publishing magnate Felix Dennis, “88: The Narrow Road”. Many readers will be familiar with the book’s predecessor, “How to Get Rich”, which flew off the shelves after its release a couple of years ago. Dennis – who, as co-editor [...]
Eurotunnel’s profits slump March 9, 2010 EUROTUNNEL’S profits for last year were hit by snow disruption to services, the company said yesterday. The Channel Tunnel operator posted a net profit of €1.4m (£1.36m) for 2009, down from €40m in 2008. The company has seen services through the tunnel blighted by a number of factors. Eurostar train services timetable was badly hit [...]
EADS reports losses after its plane deals run into trouble March 9, 2010 EADS, the owner of planemaker Airbus, has ditched its dividend after reporting a loss of €763 m (£693m). The figures for 2009 were dragged down after its A400 military plane project overran. EADS is the world’s second-biggest aerospace company after Boeing. Its revenues fell to €42.8bn from €43.3bn. The loss followed EADS and its partner [...]
EADS reports losses after its plane deals run into trouble March 9, 2010 AER Lingus yesterday announced that its operating losses quadrupled to €81m (£73.5m) last year. The Irish carrier, whose chief executive is Christoph Mueller (inset), saw revenue plummet 11 per cent to €1.2bn. The airline plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of large-scale restructuring plans.
Lookers doubles its profit as car dealers see healthy trade pick-up March 9, 2010 CAR dealership Lookers doubled its annual profit in 2009, reporting pre-tax profits of a record £28.3m. The company, which sells cars from manufacturers like Peugeot, Ford and Volvo, saw its pre-tax profit , goodwill and one-off items jump 102 per cent from 2008. It also benefited from the government scrappage scheme, due to end on [...]
AER LINGUS PROFITS NOSEDIVE March 9, 2010 AER Lingus yesterday announced that its operating losses quadrupled to €81m (£73.5m) last year. The Irish carrier, whose chief executive is Christoph Mueller (inset), saw revenue plummet 11 per cent to €1.2bn. The airline plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of large-scale restructuring plans.
Use Fibonacci analysis to identify key levels March 9, 2010 STERLING’S dramatic drop against the dollar last week hit headlines across the world as traders feared that the pound would hit parity against the euro and fall to new lows against the greenback. But for some, the move was simply an extension of an ongoing drop. Traders who pay attention to Fibonacci levels were prepared [...]
NEW RULES TO STABILISE EUROZONE March 9, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT The euro is a currency without a country and that has always been its weakness. Its members share a common monetary plan but practise disparate fiscal policies – a structure which has been sorely tested by the Greek crisis. But after Greece agreed to austerity measures, the immediate [...]
