Moral dilemma for Ireland’s bank chiefs
After AIB’s Eugene Sheehy bowed to pressure and agreed to cut his annual pension, attention is focused on other former heads of the country’s banks FT.com – European companies…
Maersk heralds container shipping turnround
Danish conglomerate raises profit guidance for second consecutive quarter as its container shipping unit continues to rebound from last year’s lows FT.com – European companies…
Dromeus Capital eyes Greek opportunities
New hedge fund, which is to invest in Greek equities and bonds, started raising money this week and is expected to end up with €200m FT.com – European companies…
Finmeccanica sees hurdles as profits rise
Italian group reports ‘encouraging’ third-quarter results and says it is confident with targets while highlighting US defence spending uncertainty FT.com – European companies…
Russia tightens bearhug on oil and gas
It strains credibility that Vladimir Putin would allow Russia’s national oil champion to spend $ 55bn simply to help a foreign investor FT.com – European companies…
DSM acquires US food group for €495m
Dutch chemicals group continues its spending spree within its nutrition division with the €495m acquisition of the US food ingredients company Fortitech FT.com – European companies…
IAG targets full control of Vueling
Group’s move to raise 46% stake in budget carrier to 100% is seen by analysts as attempt to improve competitiveness at its troubled Spanish arm Iberia FT.com – European companies…
Exxon looks to quit Iraq oilfield
Move to sell stake in Basra project contrasts with enthusiasm for deals in Kurdistan, underscoring tensions between Baghdad and the northern region FT.com – European companies…
French business leaders question tax breaks
‘Grands patrons’ of Alstom and Axa – Patrick Kron and Henri de Castries – doubt benefits of €20bn move aimed at lowering employers’ welfare charges FT.com – European companies…
Activist investor Peltz to take on Danone
The activist investor with a history of shaking up stodgy food manufacturers has taken his fight to France, accumulating a 1 per cent stake in Danone worth about €300m FT.com…
