And in the real world... Nissan, Honda, Debenhams and more

LONDON - Today's round-up of the biggest business stories.

And in the real world... Nissan, Honda, Debenhams and more
And in the real world... Nissan, Honda, Debenhams and more

BP has announced better-than-expected third-quarter results, surprising the market with a profit fall of 50 per cent to $5 billion, which was between 30 and 50 per cent higher than analysts had expected.
The results led to a share price rise of 5 per cent to 597.4 pence per share.
Source: The Financial Times

A survey by CBI has revealed that retail sales in Britain grew at the fastest rate in nearly two years this month, with 41 per cent of respondents reporting a rise in sales volumes, while the US reported a slump in retail confidence.
Source: The Guardian

The largest shareholder in Debenhams, the private equity company Texas Pacific Group, has sold its entire share in the chain for around £97 million. The 9 per cent stake has been bought by one institutional buyer, prompting Debenhams stock to finish up 3.4per cent at 85.5p.
Source: The Guardian

Honda announced yesterday that it was tripling its net profit forecasts for the year to ¥155 billion.
The Japanese carmaker, which uses Wieden & Kennedy for its UK advertising, announced that it expected to increase its year-on-year earnings by 13 per cent for the year ending in March.
Source: The Financial Times

Figures from the Local Data Company have revealed that one in ten of the UK's high street shops has closed down between January and September this year. Out of 251,462 shops, 25,090 closed, with more than 7,500 London retailers shutting their doors.
Source: The Daily Telegraph.

Thanks to the UK scrappage scheme, Nissan has announced it will be increasing production of its Micra model by 40 per cent, after sales of the marque rose 4 per cent in September. Although the Japanese car company was forced to make 1,200 job cuts in January, its fortunes are now improving with its Qashqai model also experiencing a 15 per cent rise in European sales last month.
Source: The Daily Telegraph.

Reckitt Benckiser, which manufactures brands such as Finish, Vanish and Cillit Bang, posted poor third-quarter results, causing its shares to fall 66p to £30.16. While Reckitt enjoyed an overall sales growth of 7 per cent, its revenue in its fabric care and dishwashing divisions fell 4 per cent and 5 per cent respectively.
Source: The Financial Times

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