Abu Dhabi fund sells last of Daimler stake
Aabar Investments still has access to voting rights worth 12.75% of the German carmaker’s shares through financial instruments such as call options FT.com – European companies…
Nestlé sets new low for European bond yield
The world’s biggest food company has broken the record for the lowest coupon offered on a four-year bond in Europe, as government bond yields stoke demand for corporate credit FT.com…
WH Smith and Fnac – window shopping
The UK stationery, newsagent and bookselling chain has defied the odds to produce good returns. Is there a lesson for French rival Fnac? FT.com – European companies…
Telenor settles dispute with Indian partner
Move could clear the way for the Norwegian telecoms group to rebuild its troubled local business and participate in upcoming mobile licence auctions FT.com – European companies…
European banks committed to Asian stakes
Big lenders have no plans to sell down their holdings in spite of regulatory changes that increase the cost of keeping such stakes FT.com – European companies…
BAE left to take care of deal fallout
Ian King and Dick Olver, respectively BAE’s chief executive and its chairman, have been tarnished by their inability to persuade shareholders FT.com – European companies…
Low interest rates hurt German insurers
Low interest rates challenging financial strength of life insurance groups, highlighting a side effect of Germany’s status as haven in eurozone crisis FT.com – European companies…
Moody’s downgrades Fiat and Peugeot
Carmakers move into junk territory as credit rating agency says it expects the downward trend in car sales in western Europe to continue FT.com – European companies…
Safran under fire from rebel investor
Hedge fund says in a letter to two executives that the French company’s recent track record on deals outside of civil aerospace was ‘one of failure’ FT.com – European companies…
City watchdog takes a gamble on capital
By loosening rules, FSA is calling the bluff of banks who say overly ambitious regulatory reforms are preventing them from lending to real economy FT.com – European companies…
