Elan unveils share $1bn buyback
Drug group will refinance debt and seek fresh acquisitions after receiving $ 3.25bn from a restructuring of its joint venture with Biogen Idec FT.com – European companies…
Air France-KLM losses deepen
Franco-Dutch carrier says it still aims to cut debt this year despite uncertainty about its 2013 earnings because of market volatility in Europe FT.com – European companies…
Maersk downbeat on outlook for Asia trade
Shipping bellwether warns freight rate falls likely to continue and forecasts only a modest increase in global container demand FT.com – European companies…
Brussels turns up pressure over Libor
Banks face fines of up to 30 per cent of revenues as the European Commission warns financial institutions over antitrust issues FT.com – European companies…
Daimler cuts chief’s contract extension
Daimler surprised investors unhappy with its performance by shortening anticipated length of chief executive’s contract extension by two years FT.com – European companies…
Italy’s scandals echo the ‘tangentopoli’
As Italians prepare to vote in parliamentary elections, investors ought to question whether the present crop of business scandals is on the same scale FT.com – European companies…
Swiss Re to pay special dividend
Reinsurer to return to $ 2.8bn to investors on top of dividend after it beat market expectations by reporting a 60 per cent jump in earnings for 2012 FT.com –…
US tyremaker drives over French pride
Maurice Taylor, the head of Titan, paints France as a country struggling with low productivity and being unable to deal with its strong and ‘crazy’ unions FT.com – European companies…
Hurdles in way of a further BAE-EADS push
A more favourable political situation in Berlin would be a prerequisite to talks of creating a European aerospace and defence champion being revived FT.com – European companies…
