http://www.teletext.co.uk/city/city-news/default.aspxen-gbFri, 17 Jul 2009 08:37:55 GMThttp://www.teletext.co.uk/images/Logo64x64.gifhttp://www.teletext.co.ukBritish Airways is planning to raise &#163;600m in emergency cash funding as it battles for survival.<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/0SFC4dQJImY" height="1" width="1"/>
The airline, which also said it expects to report operating losses of about £100m for the quarter to June 30, will raise £300m through a debt issue.

BA added it has agreed new terms with its pension fund, which will release about £330m in banking facilities and will help improve its liquidity.

]]>91fbe716176727556a5ae66cef5b2ccdhttp://feeds.teletext.co.uk/~r/news/finance/city-news/~3/0SFC4dQJImY/BA+seeks+crisis+funding.aspxhttp://www.teletext.co.uk/city/city-news/91fbe716176727556a5ae66cef5b2ccd/BA+seeks+crisis+funding.aspxhttp://www.teletext.co.uk/city/city-news/91fbe716176727556a5ae66cef5b2ccd/BA+seeks+crisis+funding.aspxInternet giant Google has announced record quarterly profits although has raised concern over slowing revenues.<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/SsghWJ8yBT0" height="1" width="1"/>
The US group said second-quarter profits rose 19% to $1.48bn (£900m) after carrying out its first ever job cuts and slashing company investment.

However, shares in the firm fell in after-hours trading in New York amid confirmation of a slowdown in sales due to the global recession.

]]>f6e1c11864258c299fa838a547b4e93bhttp://feeds.teletext.co.uk/~r/news/finance/city-news/~3/SsghWJ8yBT0/Google+profits+surge.aspxhttp://www.teletext.co.uk/city/city-news/f6e1c11864258c299fa838a547b4e93b/Google+profits+surge.aspxhttp://www.teletext.co.uk/city/city-news/f6e1c11864258c299fa838a547b4e93b/Google+profits+surge.aspxToyota has confirmed it is to start production of hybrid cars in the UK as part of its growth in green technology.<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/vtxfnLE97ns" height="1" width="1"/>
Toyota will produce a new gas-electric hybrid version of its Auris hatchback at its Burnaston plant in Derbyshire from the middle of next year.

The news is a boost for employment after the company announced plans in March to cut production at its UK factories as a move to reduce costs.

]]>c4bb5803881e841c281d7fcf15db9e01http://feeds.teletext.co.uk/~r/news/finance/city-news/~3/vtxfnLE97ns/Toyota's+UK+hybrid+plan.aspxhttp://www.teletext.co.uk/city/city-news/c4bb5803881e841c281d7fcf15db9e01/Toyota's+UK+hybrid+plan.aspxhttp://www.teletext.co.uk/city/city-news/c4bb5803881e841c281d7fcf15db9e01/Toyota's+UK+hybrid+plan.aspxTelecoms group Cable &amp; Wireless has said it expects adjusted full-year profit to hit &#163;1.025bn.<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/-_8D-j7_mB0" height="1" width="1"/>
C&W said cost reduction programmes and the contribution from acquisition Thus are compensating for a decline in "traditional voice-minute volumes".

The update came ahead of the firm's annual meeting which is expected to see investors voice concerns over changes to C&W's long-term incentive plan.

]]>cf926e139964cebfd951c40423181f36http://feeds.teletext.co.uk/~r/news/finance/city-news/~3/-_8D-j7_mB0/Cost+cuts+boost+Camp;W.aspxhttp://www.teletext.co.uk/city/city-news/cf926e139964cebfd951c40423181f36/Cost+cuts+boost+Camp;W.aspxhttp://www.teletext.co.uk/city/city-news/cf926e139964cebfd951c40423181f36/Cost+cuts+boost+Camp;W.aspxUS technology giant <b>IBM</b> has upgraded its annual earnings forecast after a better-than-expected 12% rise in quarterly profit to $3.1bn (&#163;1.9bn).<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/l_SbdgPlek0" height="1" width="1"/>IBM has upgraded its annual earnings forecast after a better-than-expected 12% rise in quarterly profit to $3.1bn (£1.9bn).

Nightclub owner Luminar has reported a 3.3% drop in same-outlet sales for the 18 weeks to July 2 and said conditions are expected to remain difficult.

The International Monetary Fund has called on the UK Government to cut public debt quicker than planned.

Electrical parts supplier Electrocomponents has seen group revenue fall by 17% with its gross margin remaining stable at about 49.1%.

Mining group Vedanta Resources is planning to expand into steel manufacturing in India, reports say.

Technology firm Invensys said first-quarter order intake rose 17%, boosted by currency markets, and it expects an improvement in full-year performance.

]]>0df27e4d618ba831e448a5bf0c659316http://feeds.teletext.co.uk/~r/news/finance/city-news/~3/l_SbdgPlek0/More+of+the+day's+top+business+news.aspxhttp://www.teletext.co.uk/city/city-news/0df27e4d618ba831e448a5bf0c659316/More+of+the+day's+top+business+news.aspxhttp://www.teletext.co.uk/city/city-news/0df27e4d618ba831e448a5bf0c659316/More+of+the+day's+top+business+news.aspxDo <b>YOU</b> want to probe a company&#39;s recent accounts and activities before making an investment, or check the performance of firms in your current portfolio?<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/w3hL8ivzWnA" height="1" width="1"/>YOU want to probe a company's recent accounts and activities before making an investment, or check the performance of firms in your current portfolio?

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]]>a14801ccdba03ea5dc58e8fd40b02622http://feeds.teletext.co.uk/~r/news/finance/city-news/~3/w3hL8ivzWnA/Order+FREE+annual+reports.aspxhttp://www.teletext.co.uk/city/city-news/a14801ccdba03ea5dc58e8fd40b02622/Order+FREE+annual+reports.aspxhttp://www.teletext.co.uk/city/city-news/a14801ccdba03ea5dc58e8fd40b02622/Order+FREE+annual+reports.aspx<b>Singer:</b> Says solid final results at Sports Direct International will lead to upgrades. Has 85p target price.<img src="http://feeds.feedburner.com/~r/news/finance/city-news/~4/XUNWIRwqyJE" height="1" width="1"/>Singer: Says solid final results at Sports Direct International will lead to upgrades. Has 85p target price.

Hargreaves Lansdown: Points to Mothercare as an international growth story within a difficult sector. Says market consensus is favourable.

Numis: Ups Dairy Crest to buy and says stock looks cheap with an attractive yield. Expects performance in dairies arm to improve. Has 375p target price.

]]>8bf7740ac91ac03e8b146f4306892f4dhttp://feeds.teletext.co.uk/~r/news/finance/city-news/~3/XUNWIRwqyJE/Latest+broker+reports.aspxhttp://www.teletext.co.uk/city/city-news/8bf7740ac91ac03e8b146f4306892f4d/Latest+broker+reports.aspxhttp://www.teletext.co.uk/city/city-news/8bf7740ac91ac03e8b146f4306892f4d/Latest+broker+reports.aspx