Barratt Developments Plc, the largest U.K. homebuilder by volume, said full-year revenue rose about 14 percent as the company sold more homes at higher prices.
Russian sales of new cars and light commercial vehicles may recover to a 2008 record if Europe’s financial situation remains stable, according to auto manufacturers.
Russian sales of new cars and light trucks may rise about 18 percent this year as the economy recovers and the government encourages customers with a “cash- for-clunkers” program.
Melrose Resources Plc, a U.K. oil and gas company with assets in Europe and the Middle East, said production rose 23 percent in the first half to 20,200 barrels a day on increased output in Egypt and Bulgaria.
Invensys Plc, the British maker of railway software and washing-machine controls, said efforts to reduce pension liabilities are being hampered by the current slump in equity markets.
Barratt Developments Plc, the U.K.’s largest homebuilder by volume, said it won’t pay an annual dividend after posting its first full-year profit since 2008. The shares fell the most in four months.
Barratt Developments Plc, the U.K.’s largest homebuilder by volume, climbed the most since November 2009 in London trading after first-half earnings rose 40 percent.
Russian new car sales rose 80 percent in November, the most in two years, as the economy rebounded and the government extended its rebate program for used vehicles.
"Further progress on margin improvement and debt reduction is effectively hardwired into the business."
- David Thomas on Sep 12, 2012