CVC set to buy Italian data company Cerved
Deal agreed at the end of 2011, after private equity owners decided to sell, will value corporate intelligence and rating agency at about €1.13bn FT.com – European companies…
US carmakers try to reclaim luxury market
Lincoln and Cadillac will be revamped after losing ground to foreign brands, but there are concerns this may not have come in time to stop decline FT.com – European companies…
Crisis of faith over Vatican ATMs
Bank of Italy blocks all electronic payments following Vatican City’s failure to fully comply with international anti-money laundering rules FT.com – European companies…
Virgin Megastore France faces insolvency
Retailer will make an official announcement and discuss last-ditch measures to avoid closure after cancelling the lease on its Champs-Elysées site FT.com – European companies…
Carmakers – anywhere but home
European manufacturers need help compensating for depressed local markets, while Chinese and US sales advance FT.com – European companies…
Santander set for Banesto union talks
Spain’s largest bank by assets seeks agreement on job losses, as it declines to comment on Spanish media reports of plans to cut 3,000 workers FT.com – European companies…
Wegelin to close after US guilty plea
Switzerland’s oldest private bank is to cease operations having agreed to pay $ 57.8m over charges it helped Americans to evade paying tax FT.com – European companies…
Tainted reaction masks nuclear procurement
The Temelin saga risks affecting the image of the Czech Republic and making other countries question their desire for nuclear power FT.com – European companies…
Sales of luxury cars in Italy plunge
The nation’s overall car market recorded new registrations of no more than 1.4m vehicles in 2012 – a level that was last seen in 1979 FT.com – European companies…
Container shipping – a long journey
The horizon may be brighter, but the industry’s journey through boom and bust is likely to remain choppy at best FT.com – European companies…
