Allied Irish Bank narrows loan losses
Allied Irish Banks says its strategy to stabilise its business is working as it returns to an operating profit during the first half of the year European Companies News…
Invensys faces £3.4bn Schneider takeover
Engineering group once styled itself as ‘biggest company you’ve never heard of’. Cash-and-stock offer set to end two centuries of British ownership European Companies News…
Influential industrialist personified Germany’s postwar recovery
Head of Krupp was instrumental in rebuilding the group from the ruins of the second world war, but later seen as a barrier to its ability to raise capital European…
Tom Enders drives strategy change at EADS
Group to undergo reshaping of corporate structure – reducing to three core units, though a radical shake-up and rebranding of its defence businesses European Companies News…
EADS to be renamed Airbus in shake-up
EADS will merge sensitive defence units and rebrand itself as Airbus to gain a stronger public profile, as it battles main rival Boeing European Companies News…
Liechtenstein bank settles US tax case
Liechtenstein’s oldest bank will forfeit $ 16.3m in revenues made managing accounts and $ 7.5m in taxes its US clients failed to pay under a non-prosecution deal European Companies News…
Genel increases Kurdistan gas estimate
Oil explorer’s new assessment is based on readouts from appraisal wells drilled recently at Bina Bawi that were ‘spectacularly successful’ European Companies News…
Santander profits leap 29%
Lender benefits from cut in volume of writedowns and bad loan provisions, but growth strategy is hit by falling earnings from Brazil and Latin America European Companies News…
Jenkins v Jain – rivals face similar struggles
The rival CEOs of Barclays and Deutsche Bank are moving to address one of the most pressing problems for them both: high debt loads European Companies News…
Sale of Luton airport due to arrive
A deal could be announced as early as Tuesday, although final details were still being thrashed out on Monday evening European Companies News…
