Week in review, October 4
Shareholders claim scalps of Italian chiefs; Unilever’s ‘profit’ warning; Russian companies target listings; and BP secures injunction on spill payouts European Companies News…
Schaeffler chief Geissinger steps down
Owners of the German auto parts maker say in a letter to employees that media speculation drove them to take action earlier than anticipated European Companies News…
Swiss authorities launch FX probe
Switzerland’s financial regulator confirms it is investigating ‘several’ Swiss banks into alleged frontrunning, where institutions trade ahead of customer orders European Companies News…
Welsh and Northern Irish pay quarter less tax than English
HMRC breakdown reveals the English pay the most tax, but Northern Ireland generates the most tobacco duty European Companies News…
Telecom Italia chief quits over strategy
Franco Bernabè’s resignation comes amid differences with a powerful bloc of shareholders over plans to issue stock to help reduce debt European Companies News…
France targets Amazon to aid bookshops
New law bans internet booksellers from offering free delivery in the latest move by France against the market power of big online retailers European Companies News…
UniCredit eyes Poland move with BGZ deal
Italian lender is aiming to boost its share in core European countries even as it sells out of areas where it has a limited presence European Companies News…
Goldman Sachs buys into Dong Energy
US bank joins Danish pension funds ATP and PFA to invest $ 2bn in world’s largest wind-farm operator amid deal that sees Copenhagen’s stake fall to 60% European Companies News…
Tesco’s woes abroad
Slow progress in turning the group around in its domestic waters during the first half has been overshadowed by gloom elsewhere European Companies News…
Air France-KLM pushes for Alitalia review
Shareholder, itself in restructuring, wants to see fewer staff, fewer aircraft and less debt, before any cash injection at the Italian group European Companies News…
