Tui Travel boosted by early bookings
Tour operator reports 8% growth in underlying annual pre-tax profits and a rush to book for summer 2013 as northern Europeans seek sunshine FT.com – European companies…
BP weighs on flat London market
Group loses 1.4% as recovery plan in the wake of the US oil spill fails to inspire, while Tullow oil drops 5.8% after appraisal well fails to find oil FT.com…
Intersnack hungry for KP Snacks deal
German group closes in on UK foodmaker, which could pave the way for the sale of the rest of owner United Biscuits’ brands FT.com – European companies…
Russian court move seen as power grab
Provisions in some contracts that previously protected foreign companies from being sued in Russian courts have been annulled FT.com – European companies…
Dexia in talks over asset management arm
The Belgo-French lender, which has been bailed out three times, is in talks with China-based GCS Capital over a deal that could be worth €500m FT.com – European companies…
Repsol seeks $10.5bn from Argentina
Spanish company files suit over the expropriation in April of YPF, arguing it violated a bilateral investment protection treaty dating back to 1991 FT.com – European companies…
EDF plant cost rises damp nuclear hopes
Budget for the French utility’s Normandy power station triples amid delays and cost overruns, raising fears for its planned UK site FT.com – European companies…
UBS in global talks over Libor settlement
Bank hopes to come to an agreement with Swiss, British and US authorities before year-end, putting it on course for a fine of more than $ 450m FT.com – European…
Ad groups cut 2013 growth outlook
Publicis’ ZenithOptimedia expects global ad spending will increase 4.1% to $ 518bn, with growth in developing markets offsetting declines in the eurozone FT.com – European companies…
