You are here
Home > Latest News

Lloyds profits up as PPI costs recede

Lloyds Bank has announced pre-tax profits for the third quarter of £1.95bn, a rise of 141% on the same period last year. However, last year's result included a big provision to cover claims for mis-sold payment protection insurance (PPI). Underlying profit for the period was £2.08bn, up 9% on 2016. The bank did

Australia just made its last ever car

The last vehicle made by General Motors' Holden unit rolled off a production line in Australia on Friday, bringing decades of car manufacturing in the country to an end. The red Commodore sedan, produced at a plant in the southern city of Adelaide, capped nearly 70 years of car-making at Holden.

BMW headquarters searched by EU investigators

BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. reported on BBC EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions technology. BMW said EU staff had inspected

Dubai Investments profit declines in Q2

Dubai Investments said yesterday its second-quarter net profit dropped 12.6 percent owing to one-off gains from divestments amounting to Dh186 million in the first half of last year. Net profit attributable to equity owners reached in the three months to the end of June reached Dh190.9m compared with Dh218.3m a

Air Liquide and Al-Futtaim Motors inaugurate the first hydrogen station in Dubai,

Air Liquide and Al-Futtaim Motors inaugurate the first hydrogen station in Dubai, United Arab Emirates Air Liquide and Al-Futtaim Motors jointly inaugurated the first hydrogen station in Dubai, United Arab Emirates. This station, designed and installed by Air Liquide, will support the deployment of zero-emission fuel cell electric vehicles (FCEVs) in

Top