Akzo Nobel: painting by numbers
The new strategy at the world’s biggest paints company by revenue may not be ambitious enough to get it firing on all cylinders FT.com – European companies…
Crédit Agricole turns page on a bad year
France’s third-largest bank falls €6.5bn into the red in 2012 mainly due to Emporiki, its Greek bank, which it sold last year for a large loss FT.com – European companies…
Lufthansa to suspend dividends
Europe’s largest airline by sales said €524m operating profit had been affected by restructuring charges, adding it would intensify cost savings efforts FT.com – European companies…
Biggest European buyout in four years planned
Appetite for deals revives as move by BC Partners and CVC for Elior looks set to be biggest buyout in continental Europe since Lehman collapse FT.com – European companies…
Novartis scraps chairman’s $78m payout
Mounting anger from shareholders and the general public forces Swiss pharmaceutical group into a U-turn over a ‘golden gag’ for Daniel Vasella FT.com – European companies…
Quest for profit can make banks safer
‘The Bankers’ New Clothes’ and its eminent cheerleaders gloss over the transformation of the industry that is under way, Tom Braithwaite says FT.com – European companies…
Horsemeat scandal draws in Nestlé
Nestlé removes pasta meals in Italy and Spain and suspended deliveries of all processed products containing meat from a JBS subcontractor FT.com – European companies…
TNT results dragged down by €75m writedown
The Dutch delivery company narrowed its losses but still reported €300m in impairment charges, mainly from businesses that it plans to exit FT.com – European companies…
Outgoing Novartis chairman awarded SFr72m
Daniel Vasella will be given ‘golden goodbye’ for agreeing to provide continuing advice and not to offer information to competitors for six years FT.com – European companies…
Sberbank plans action against Volksbank
Russia’s biggest lender by assets may seek redress against the Austrian bank and its auditors over the €500m eastern European network deal FT.com – European companies…
