The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Lego gets profits boost from nostalgia and Star Wars - Lego, the Danish family-owned toymaker, said the recession has led to nostalgia for classic toys and that its products based on the Star Wars films have boosted profits.
Lego's first-half profits rose from £60m to £99.5m pre-tax, on net sales 23pc higher at £469m. (full story)
Rio Tinto agrees $2bn asset sale - Rio Tinto has agreed to sell four business units of its Alcan aluminium subsidiary for $2bn (£1.2bn), as it seeks to trim its debt burden further.
The Anglo-Australian mining giant is selling the four packaging businesses to Australian group Amcor. (full story)
Call To Scrap VAT On Green Goods - Business leaders are calling for VAT to be scrapped on energy efficient household goods to boost the economy and save the environment.
The British Retail Consortium said a car scrappage-style scheme for the high street on items such as fridges and cookers would support retail jobs, cut domestic fuel bills and reduce emissions by encouraging people to switch to energy-efficient goods. (full story)
Pendragon H1 profit halves - Car dealer Pendragon (PDG.L) reported a halving of first-half profit but said it had been boosted by the government's 'cash for bangers' scheme and was optimistic about the second half.
The company, which trades as Stratstone, Evans Halshaw and Chatfields, on Tuesday posted a profit before tax of 8.7 million pounds for the six months to the end of June on revenue 36 percent lower at 1.58 billion pounds. (full story)
Petrol 'could hit £1.20 a litre by Christmas' as crude oil costs rise - Petrol prices are set to hit 120p a litre by the end of the year, motorists were warned yesterday. Prices on forecourts have increased by around 20p a litre since the start of 2009, adding £11 to the cost of filling up an average tank.
And if they continue to rise at the present rate of around 1p a week, the average cost is likely to hit 105.5p by the end of August, with another 2.3p in fuel duty added from September 1. (full story)
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