City&FinanceBriefing in work support On the edge at work? Stressed, anxious, about to fall? Let In Work Support catch you... www.inworksupport.org.uk or call 0207 471 0586 Inbrief More moans about airlines l customer complaints about airlines soared by 11% this year, the Air transport users council said today. It dealt with 12,307 complaints in 2008-9 against 11,077 the previous year. meanwhile, London law firm Hausfeld said that 211,000 BA and Virgin passengers have been refunded over fuel surcharges after a class action. Prices lift house market hopes l Hopes of a recovery in the London housing market gathered momentum today, after figures showed prices rose sharply in prime suburban areas. prices in areas such as Hampstead, richmond, Wandsworth, Wimbledon and Fulham rose by 3.7% in the three months to the end of June, says estate agent Knight Frank. Tamiflu giant looks to a boost l tAmIFLu maker roche today posted a 29% dive in profits despite demand for the swine flu drug. But the swiss giant expects stronger earnings over the next 18 months as swine flu spreads, with double-digit sales growth this year and next. First-half profits fell to swfr4.1 billion (2.3 billion) from swfr5.7 billion a year earlier, on sales up 9% to swfr24 billion. Credit Suisse leaps to 890m l credIt suisse today said second-quarter profits jumped 29% as revenues from trading stocks and bonds doubled. the swiss bank said income increased to swfr1.57 billion (890 million) from swfr1.22 billion in the three-month period. It slashed 5300 jobs in december, and closed unprofitable businesses. Australia Dollars 1.8981 Canada Dollars 1.7208 Denmark Kroner 8.1540 Eurozone Euro 1.0985 Hong Kong Dollars 12.0200 Japan Yen 145.8200 New Zealand Dollars 2.3172 South Africa Rand 11.9400 Sweden Kronor 11.9300 Switzerland Francs 1.6637 UAE Dirham 5.6327 United States Dollars 1.5607 TouriST raTeS DOWN 5.33 at 4488.40 fTSe 100 dow joneS nikkei -$ DOWN 34.68 at 8881.26 UP 69.78 at 9792.94 UP 0.29 at $1.6518 >>for all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. not all stocks are available diY works out well for B&Q B&Q owner Kingfisher cheered the City today as the growing trend for DIY boosted sales. Same-stores sales at B&Q increased by 0.7% in the second quarter -- far better than the 3.5% slump feared by City analysts. Total sales were up 1.5%. Kingfisher put it down to renewed enthusiasm for DIY during the recession. But its bad news for the professional handyman, who is being squeezed out by homeowners doing more work themselves. OFTs new evidence in prize-fixing probe The consumer watchdog today said fresh evidence has emerged in its investigation into Tesco and Morrisons over the alleged price fixing of milk, butter and cheese. The Office of Fair Trading (OFT) made clear it is still pursuing the supermarkets four-and-a-half years after launching an inquiry. Rival supermarkets Asda and Sainsbury have already admitted they were part of a dairy price-fixing group that cost shoppers an 270 million in higher prices. Suppliers such as Dairy Crest and Robert Wiseman Dairies have also settled with the OFT and fines handed by the watchdog down total 116 million. The industry claims prices were set over two years between 2002 and 2003 to help farmers after the outbreak of foot-and-mouth disease with widespread public support and political backing. The companies also insisted they made no extra profit as a result of the price-fixing. Tesco and Morrisons say they were not involved but face fresh scrutiny after new evidence emerged. Tesco executive Lucy Neville- Rolfe said: We are helping the OFT with the next stage of this long-running inquiry. however, we have made it clear that we did not collude with anyone and that remains the position. We will of course look carefully at any new evidence the OFT sends to us. We will however continue to defend our position strongly, she added. Forced to quit: Wiedeking, 16 years in the driving seat at Porsche Porsche chief out as merger with Vw nearsThe boss of Porsche, Wendelin Wiedeking, was today forced to step down from the fast carmaker in a move thats likely to speed up a merger with rival Volkswagen . The Porsche board was in talks throughout the night about its plans for the future. Although the marques owning families -- the Porsche and Piech clans -- have previously resisted selling a stake to an outsider, todays talks suggest a change of mood. The carmaker has amassed huge debts after it tried to buy a 75% stake in VW, which backfired when credit markets turned sour. Porsche still owns a 51% stake in VW, and many now expect its management board to open talks with the German firm. Other plans include the sale of a stake in Porsche to the Gulf state of Qatar. Wiedekings 16 years in the driving seat at the carmaker are to be rewarded with a stag- gering 50 million (43 million) pay-off, while his finance chief holger haerter, who is also leaving, will pick up 12.5 million. Car industry analysts expressed fear for the survival of the iconic Porsche brand if its parent if its parent company is swallowed up by a bigger corporation. BY lucY toBin London Lite Thursday, 23 July 2009 35 index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html