Thursday 22 June 2017

Ford US sales soar 25pc in January

CARS

Ford's US sales jumped 25pc in January while Nissan posted a 16pc increase as Toyota's recall of faulty cars put some of its most-popular models off-limits. Ford was among several car makers adding incentives for Toyota owners following the Japanese company's sales freeze.

Retail sales rise 0.8pc in Germany

ECONOMY

Retail sales in Germany increased in December as the improving economic outlook bolstered Christmas spending. Sales, adjusted for inflation and seasonal swings, rose 0.8pc from November, the Federal Statistics Office said yesterday.

Petroceltic tests wells in Algeria

OIL

Petroceltic, the Irish oil and gas company focused on North Africa, said it tested four Algerian structures at potentially commercial rates. The wells are in Algeria and are jointly owned by Petroceltic and the Algerian government.

UK doubles gold coin production

output

The UK's Royal Mint more than doubled gold coin production last year as investors sought to diversify their assets and hedge against a weaker dollar and accelerating inflation. Output rose to 125,469 ounces from 46,315 ounces a year before, according to data obtained by Bloomberg News under a Freedom of Information Act request.

EU factory-gate prices fall again

PRoducers

European producer prices dropped on an annual basis for a twelfth month in December, the longest stretch of declines in a decade, after the economic slump prompted companies to cut costs and eliminate jobs. Factory-gate prices in the euro region fell 2.9pc from a year earlier after a 4.4pc drop in November, the European Union's statistics office in Luxembourg said.

Davy is 'top equity research team'

STOCKBROKING

Davy Research was voted the top equity research team in Ireland for a second year in 'Institutional Investor' magazine's All-Europe Research Team 2010 survey. UBS won the award at European level for the ninth year in a row.

Irish Independent

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