China’s Fosun adds Caruso to portfolio
Sale of 35% stake to Chinese conglomerate is the latest example of an Italian group being snapped up by foreign investors European Companies News…
Deutsche Bank moves to retain co-CEO
Fitschen’s contract set to be extended after a supervisory board recommendation, in a move believed to be designed to ward off succession fears European Companies News…
Hammond rejects defence procurement plan
Mr Hammond said extending the commission’s hitherto minimal role on defence, was not in the best interest of the UK industry European Companies News…
Protests as Bank of Cyprus board elected
Six Russian and Ukrainians who held large deposits in BoC were elected to the 16-member board, which has to be approved by the island’s central bank European Companies News…
Banco Sabadell: papering over cracks
Spain’s banks are getting the message, one recapitalisation at a time as the sector comes to terms with its relatively weak capital base European Companies News…
Volvo looks to small cars for US revival
Håkan Samuelsson says the Swedish carmaker made a mistake when it abandoned a segment of the US market that is growing in popularity European Companies News…
S Korea probes foreign investment banks
Financial Supervisory Services, South Korea’s watchdog, is investigating whether Goldman Sachs, Credit Suisse and RBS violated domestic regulations European Companies News…
Utilities warn EU over energy policy
Gérard Mestrallet, chief of GDF Suez, will present proposals on behalf of nine major companies pushing for reforms of the region’s energy policies European Companies News…
Monte dei Paschi: going in circles
The threat of nationalisation looms for world’s oldest bank as it looks for another €2.5bn to shore up its balance sheet European Companies News…
CFO exit adds to concerns over KPN
Eric Hageman’s sudden departure due to unspecified personal reasons comes as Carlos Slim battles to take over Dutch telecoms group European Companies News…
