Click to follow
Volkswagen, the German car company, more than doubled net earnings in 1996 to DM687m (pounds 251m), from DM336m in the previous year. Turnover climbed by 11 per cent to DM100bn. Sales of cars rose by 10.7 per cent to 3.99 million.

French consumer prices rose 0.3 per cent in January after a 0.2 per cent rise in December. The year-on-year inflation rate was 1.8 per cent in January compared with 1.7 per cent the month before.

Capita, the outsourcing and support services group, boosted profits in 1996 by 31 per cent to pounds 12.3m. Turnover climbed from pounds 87m to pounds 112m. The total dividend is being raised by 23 per cent to 4.8p, and is accompanied by a two-for-one bonus issue of shares.