Wednesday, 29 October 2014

Toyota eyes 10 million car mark as sales rise

The car in front of you is probably a Toyota: the world’s largest car maker today plotted a course to becoming the first manufacturer to sell 10 million vehicles in a year.

The Japanese giant said it sold 7.6 million cars in the first nine months of 2014 and has a target of 10.2 million in its sights, after selling just under 10 million last year.

Swedish central bank cuts main interest rate to zero

The cut of 0.25% was bigger than analysts had expected, and led to a fall in the kronor against the dollar and the euro.

Prices are currently falling in Sweden and the central bank wants to get back to its 2% inflation target.

"The Swedish economy is relatively strong... But inflation is too low," the bank said.

Source: BBC News

Bankruptcy to fall to lowest level in 14 years

The number of individuals going bust is expected to fall to its lowest level for 14 years while companies are also in better health, official figures are expected to show today.

Data from Baker Tilly suggests that the Insolvency Service data will today show that just over 5,000 bankruptcy orders took place across England and Wales in the third quarter of 2014, which would be the lowest number seen since the fourth quarter of 2000.

Source:  London Evening Standard

Facebook shares fall as investment plans are revealed

Facebook shares have fallen around 10% after it warned it is to dramatically increase its spending in 2015 and it projected a slowdown in revenue growth this quarter.

The hefty spending plans exposed the first signs of stress in the rock-solid support that investors have accorded the social networking company over the past year.

 Source:  London Evening Standard

Lloyds to axe branches as 'last in town' pledge expires

The banking industry suffered a bruising as Lloyds added £900m to payment protection insurance mis-selling provisions and unveiled plans to axe 9,000 jobs.

Source: The Independent