European groups write off record €350m
Amount of losses increases 7% in the past year and is the highest level recorded although Nordic countries represent small bright spot European companies…
Top hedge funds bet on Greek banks
Groups prove eager to participate in the recapitalisation of the country’s banks, with many expecting far better returns than from other wagers on recovery European companies…
Terra Firma eyes sale or IPO for cinemas
Options being explored for a disposal that Guy Hands hopes will give Odeon an enterprise value of more than £1bn to help him return cash to backers European companies…
Losses deepen at owner of BA and Iberia
Parent company of the two national flag carriers falls short of analysts’ expectations owing to restructuring costs at its struggling Spanish unit European companies…
SPD chairman makes speed limit gaffe
Sigmar Gabriel, national chairman of the opposition Social Democratic party, unguardedly calls for a national speed limit on Germany’s autobahns European companies…
ArcelorMittal: flexible friends
Steelmaker has size on its side, which allows it the flexibility to shut plants to improve utilisation rates, but it has some way to go European companies…
ENRC’s Zambian assets deal in spotlight
FTSE 100 miner paid $ 300m in cash – 46 times what founding shareholders paid for them seven years earlier – for Netherlands-based Enya Holdings European companies…
Week in review, May 11
Tom Mockridge switches over to Virgin Media; Diageo’s new chief to target western Europe; JPMorgan faces more legal challenges; and more European companies…
Actavis in talks to buy Warner Chilcott
Generic drugmaker’s early talks with pharmaceuticals company sent its share price soaring by 20 per cent, adding $ 800m to its market value European companies…
Credit bubble needs Eurovision for banks
John Dizard wonders whether song contest organisers could help drum up support for recapitalisation European companies…
