May 29, 2013
Jaguar Land Rover roars ahead to record £1.67bn profit
Profits at Jaguar Land Rover have roared to an all-time high. Pre-tax annual profits at the Coventry-based vehicle maker rose 11% to £1.67bn and helped temper a 36% fall in profits at the company's parent group, Tata Motors. Total world sales at…
May 22, 2013
Apple’s Tim Cook defends tax strategy in Senate
The technology giant Apple has been defending itself against accusations that it's avoided paying tax on tens of billions of dollars in profits. Chief executive Tim Cook told a US Senate committee Apple paid all the taxes it owed, complying with…
May 22, 2013
British inflation eases by more than expected
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares. The Office for National Statistics said Tuesday that the annual rate fell to 2.4 per cent in April from 2.8 per…
May 22, 2013
Obama opposes bill on Keystone pipeline
The White House says President Barack Obama opposes a House of Representatives bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas. The White House said Tuesday that the bill “seeks to circumvent longstanding…
May 22, 2013
Former Saab Automobile chiefs arrested for accounts fraud
Three former top executives from carmaker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud. The three are "suspected of aggravated attempts to avoid tax controls", according to Swedish prosecutor Olof Sahlgren. Mr…
May 22, 2013
HK Mercantile Exchange in police and regulator probe
Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities. The Securities and Futures Commission initiated an investigation of the two-year old market on 15…
May 22, 2013
Vodafone hit by turmoil in Europe as sales fall
Mobile giant Vodafone's full-year sales have slipped for the first time in eight years after tough economic conditions in Europe hit revenues. Annual revenues fell 4.4% to £44.4bn, after the firm cut prices in Europe in an attempt to retain…
May 22, 2013
Vodafone hit by turmoil in Europe as sales fall (2)
Mobile giant Vodafone's full-year sales have slipped for the first time in eight years after tough economic conditions in Europe hit revenues. Annual revenues fell 4.4% to £44.4bn, after the firm cut prices in Europe in an attempt to retain…
April 30, 2013
Eurozone unemployment at record high as inflation drops
Unemployment in the eurozone has surged to a fresh record high, while inflation has fallen to a three-year low, boosting expectations that the European Central Bank will cut interest rates. Unemployment in the 17 countries using the euro hit 12.1%…
April 30, 2013
BP’s profits edge lower but beat forecasts
Oil giant BP saw profits edge lower in the first three months of the year. Underlying replacement cost profit, which strips out the effect of oil price movements, was $4.2bn (£2.6bn) - down from $4.7bn for the same period a year ago. However, the…