City & Business In Brief
Wednesday 18 January 1995
Chrysler record Chrysler, the American car giant, announced net fourth-quarter profits of $1.17bn against $777m in the same quarter last year. It gave the group record profits in 1994 of $3.71bn against a $2.55bn loss in 1993.
Latin campaign A promotion urging companies to step up trade with Latin America was launched yesterday. Michael Heseltine, President of the Board of Trade, said countries with a total population of 400 million people had "boundless potential" for exporters.
Longwall offer At the first closing date of the offer for Longwall, Dobson Park has received acceptances in respect of 11,064,225 Longwall ordinary shares, representing approximately 40.6 per cent of the issued ordinary share capital of Longwall and approximately 53.1 per cent of the voting rights of Longwall.
Sturge optimistic Sturge, the Lloyd's insurance agency, said the outlook for its 1993 and 1994 accounts was good if Lloyd's succeeded in its plans to isolate losses from earlier years. Sturge's chairman, David Coleridge, who is a former chairman of Lloyd's, was announcing the group's underwriting capacity for this year, which will be £633m, against £662m in 1994.
BP buyers BP said it was evaluating a number of bids for its US-based carborundum business, expecting to announce the winner next month. Some analysts believe the business may fetch up to $500m.
Lyonnais loss Credit Lyonnais said its former managing director, Francois Gille, is to resign from his current duties with the bank "for personal reasons".
Flat Kingfisher A Christmas trading statement to be released by Kingfisher today is expected to show overall flat like-for-like sales.
Lira low The Italian lira plunged to a new low of 1,060 to the German mark after the former prime minister, Silvio Berlusconi, said he would not support the new government formed by Lamberto Dini last night.
World Markets New York: Profit-taking after two days of gains had lowered the Dow Jones Average 8.07 to 3,924.27 by early afternoon.
Tokyo: Selling in the wake of the quake lowered the Nikkei Average 89.95 at 19,241.32.
Hong Kong: The Hang Seng index gained 102.27 points to 7,605.52 on nibbling by overseas institutions.
Sydney: The All Ordinaries index rose 1.5 at 1,880.6.
Johannesburg: Determined overseas selling cost the overall index 81.2 at 5,515.
Frankfurt: Ahead of US production figures, the DAX rose just 1.77 to 2,083.87.
Milan: Renewed political worries depressed the Mibtel index 119 at 10,604, Zurich: The SMI index eased 8.8 points at 2,582.8.
Paris: Concern about a rise in US interest rates left the CAC-40 index down 15.87 points at 1,856.94.
London: Report, page 34.
- 1 Games of Thrones actor Lena Headey makes emotional promise to her unborn daughter
- 2 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 4 Female Muay Thai champion hustles coaches to give them a beating
- 5 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
Female Muay Thai champion hustles coaches to give them a beating
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
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