Market highlights

1 German carmaker BMW clocked up record sales and profits last year. Net profit rose 10 per cent to €6.4 billion (S$9.7 billion). To mark its centenary, BMW planned to pay a bigger dividend of €3.20 a share.

2 Cathay Pacific Airways reported profit that beat estimates as lower oil prices drove down the cost of fuel. Net income nearly doubled, rising 90.5 per cent to HK$6 billion (S$1 billion), Bloomberg said.

3 British banks Barclays, Royal Bank of Scotland and HSBC will have to issue a combined £54 billion (S$106 billion) of new loss-absorbing debt to meet new European Union and Bank of England requirements, Moody's Investors Service said.

4 Singapore-listed CNA Group, an integrated building and facilities management firm, said that its judicial management order will be extended to Sept 12.

5 Property developer Wing Tai has continued to buy back its shares. In its latest purchase, the firm bought back 182,500 shares at $1.628.

A version of this article appeared in the print edition of The Straits Times on March 10, 2016, with the headline '1 2 3 4 5 Market highlights'. Print Edition | Subscribe