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 Woman 'suffocates newborn baby in plastic bag and puts it in her desk minutes after giving birth'
- 2 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
- 5 Chinese student carries disabled friend to school every day for three years
Nepal earthquake in pictures: Photos show devastation caused by 7.8 magnitude earthquake
Royal baby: Live updates as superbug closes ward at St Mary's Hospital in London where Duchess of Cambridge is due to give birth
Nepal earthquake: Rescuers forced to dig with their bare hands in search for survivors as images show damage to historic buildings
Ed Miliband and Boris Johnson in angry clash live on BBC's Andrew Marr Show
Bali Nine executions: British grandmother on death row in Indonesia Lindsay Sandiford says she 'just wants to get it over with'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
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