European corporate buybacks hit lows
The total amount of announced buybacks across the continent in the 12 months to the end of October stood at $ 590m – near the 2009 lows FT.com – European…
Legion of dishonour
Dismayed by the level of claims and the high proportion that are either bogus or duplicate, António Horta-Osório regrets nothing over PPI charge FT.com – European companies…
Shell profits hit by lower oil prices
Group suffers from glut of US natural gas caused by ‘fracking’ boom FT.com – European companies…
BBVA profits hit by €2bn writedown
Spanish lender’s third-quarter net income falls 82% in a decline that mirrors the effects of bad property assets on the country’s other banks FT.com – European companies…
UBS cull claims scalp of fixed income head
Roberto Hoornweg is poised to leave as the bank pushes ahead with 10,000 job cuts that is sending shockwaves through the investment banking community FT.com – European companies…
Cost cuts pay off for European airlines
Lufthansa and Air France-KLM shares rise after the German flag carrier and French operator’s interim results beat consensus forecasts FT.com – European companies…
Rusal receives covenant reprieve
The extended holiday until the end of 2013 gives the aluminium producer temporary relief as it strives to pay back a $ 4.8bn syndicated loan FT.com – European companies…
Adoboli tells court of market pressures
The accused trader said he was ‘devastated’ at the losses caused to UBS and claimed they were not the result of dishonesty or fraudulent behaviour FT.com – European companies…
BP raises dividend after Russian deal
Oil group raises shareholder payout to 9 cents per share just days after signing $ 27bn deal with Russian state champion Rosneft FT.com – European companies…
