Nissan profits slump on high yen

Nissan reports a 41% fall in half-year profits after it is hit by the high value of the yen and the "severe decline" in the US car market.

Euro and pound down on the dollar

The pound falls to $1.621 and the euro falls to $1.272 following the release of better-than-expected US economic data.

BT shares slump on profit warning

BT issues a profit warning, saying it would miss its earnings for the second quarter, sending its shares down around 20%.

Barclays secures Middle East cash

British bank Barclays unveils a proposal to raise up to £7.3bn, most of which will come from Middle Eastern investors.

Centrica in £2.2bn rights issue

British Gas owner Centrica launches a £2.2bn rights issue to fund plans to buy a 25% stake in British Energy.

Fire fear sparks battery recall

Laptop-makers including Hewlett-Packard and Toshiba are recalling 100,000 Sony batteries over fears they may catch fire.

Employers predict redundancy rise

Employers predict a sharp rise in redundancies, particularly among older people, as the financial crisis hits the job market.

Bank of Japan makes rare rate cut

The Bank of Japan cuts its main interest rate from 0.5% to 0.3% - its first reduction for seven years, but shares still fall.

Oligarchs’ woes

Russia's oligarchs look to handouts from the Kremlin

In Short

A round-up of today's other stories in brief...