Enel’s profits down on falling demand
The Rome-based utility forecast a fall in economic output in ‘mature’ eurozone markets of 0.3% this year and pointed to ‘persistent uncertainty in subsequent years’ European companies…
National Express eyes German rail tenders
Move follows successful bids earlier this year to operate local and express rail services in the state of North Rhine-Westphalia European companies…
Shareholders back new Lufthansa chairman
Appointment of former chief executive Wolfgang Mayrhuber approved despite calls from inside and outside Germany for it to be blocked European companies…
Alstom shares hit as growth forecasts cut
French industrial bellwether sees net profits boosted by robust orders but underperforms against market forecasts and warns over impact of turbulence European companies…
Bayern Munich chairman has backing of club
Board ‘unanimously decided’ it was in interests of club for Uli Hoeness to stay even though German prosecutors are investigating unpaid tax European companies…
Nearly half of directors aware of irregularities
Some 42% of directors and senior management have seen irregular financial reporting, while one in five employees has witnessed financial manipulation European companies…
Mayrhuber withdraws Lufthansa candidacy
Airline’s former chief executive pulls out of process to become chairman amid concerns from shareholders who were about to vote on the move European companies…
Time to add pensions to the pay arsenal
European bonus limits provide an ideal opportunity to drag banking executives’ pension pots into line with the vogue for performance-related pay European companies…
Forex trades give info edge to banks
Lenders that mimic clients’ portfolios can make windfall profits, raising fresh concerns over transparency in the world’s largest financial market European companies…
Norway oil fund lifts property purchases
Investment vehicle increases pace of growth in property assets by more than 10-fold from the same period a year ago European companies…
