Family business highlighted by steel sale
Stemcor is now in the spotlight as a result of the sale of the London-based company’s Indian assets European Companies News…
Greek shipowner detained on fraud charges
Victor Restis, who is accused of embezzling €5.8m from a private Greek bank controlled by his family, was considered a flight risk, said the investigating magistrate European Companies News…
Caixabank and Popular bad loans jump
Spanish property bust continues to weigh on country’s banks. Non-performing loans now account for 11.17% of Caixabank’s total book European Companies News…
Deutsche Börse lowers profit forecast
Half-year revenues fall 3% amid softness in trading at its Eurex derivatives venue and the Frankfurt Stock Exchange as investors shy away from market European Companies News…
Activision CEO leads $8.2bn investor buyout
Bobby Kotick is leading an investor group buying most of Vivendi’s controlling stake in the world’s largest video games company. European Companies News…
LVMH raises first-half sales by 6%
Rate of growth remains well down on the heady double-digit expansion it enjoyed until about a year ago before demand in key Asian markets began to ease European Companies News…
Siemens scraps key margin target
Siemens said it no longer expects to raise its operating margin from 9.2% in fiscal 2012 to 12% in 2014, blaming ‘lower market expectations’ European Companies News…
Telefónica continues to trim its debt
Spanish telecoms operator unveils second-quarter results ahead of analysts’ expectations and signals a return to expansion in Europe European Companies News…
Slim seeks better price on KPN deal
Mexican billionaire Carlos Slim is not ‘in principle’ opposed to Telefónica’s bid to buy KPN’s German unit, but believes the €8.1bn offer is too low European Companies News…
Repsol slams Chevron for YPF investment
US oil major lambasted for signing $ 1.24bn agreement to develop assets expropriated from YPF division – notably the Vaca Muerta shale formation European Companies News…
