News Column

EchoBusiness

February 11, 2014

Barclays reveals day-early figures BARCLAYS has revealed a profits haul of [pounds]5.2bn for 2013 after the banking group took the unusual step of announcing its headline figures a day early. The stock market disclosure came after a report in yesterday's Financial Times that the bank was set to announce a one-third fall in operating profits to [pounds]5.17bn, alongside a trebling in bottom- line profits to [pounds]2.86bn. Barclays, which is due to present its results at 7am today, confirmed that the figures were set to be [pounds]5.2bn and [pounds]2.9bn respectively. The results are expected to fuel anger over City bonuses after it was reported that Barclays plans to lift its total bonus pot to between [pounds]2.3bn and [pounds]2.4bn from [pounds]2.17bn for 2013.

COMPANY ACCOLADE:

TCIndustries of Europe, a manufacturer of cutting edges for earth moving equipment based near Saltburn, east Cleveland, has been named runner-up of the national EEF/ENER-G Environmental Efficiency Award at the EEF Future Manufacturing Awards 2013.

The judges praised its project, which allowed the company to reduce the energy content of its products by more than of 30 per cent.

DENTAL MOVE:

Bupa has stepped up the expansion of its dentistry service with the acquisition of Barbican Dental Care, a business with nine central London dental centres and more than 50,000 patient appointments a year.

The deal brings the number of dental centres that Bupa now operates to 31 across the country.

MAC SALES:

Fast food chain McDonald's said its US sales performance last month was hit by bad weather as sales fell 3.3 per cent on a like- forlike basis. Its global sales figure rose 1.2 per cent, helped by trading improvements in Europe and in the region covering Asia, the Middle-East and Africa.

NEW ORDER:

Google has overtaken Exxon to become the second largest company in the US by market value.

According to a report, Google is wort about [pounds]241bn, just ahead of the oil company but still behind Apple's [pounds]282.8bn.

END OF ROAD:

Toyota is to end its vehicle and engine production in Australia by the end of 2017, effectively marking the end of the country's carmaking industry. The company said it might scale down the operations of its development and technical centre in Australia as well.

Last year, Ford and General Motors' Holden unit also announced plans to cease production of cars in Australia.


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Source: Northern Echo (England)


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