Saudi Ikea: now you see her, now you don’t
Incident raises questions about retailer’s ability to keep its culture intact as it announces a review of the way it produced its annual catalogue FT.com – European companies…
Ethanol plant to boost biofuel output
Capacity from the Hull site, soon to start production, and the Teesside factory, recently reopened, will help UK get closer to green energy targets FT.com – European companies…
Crédit Agricole to sell Emporiki for €1
Shares in the French bank rise on the news that it is to inject €550m into its lossmaking Greek subsidiary and sell it to Alpha Bank FT.com – European companies…
Eurozone crisis hits advertising spending
ZenithOptimedia cuts its global forecast as advertising spending across the eurozone is expected to fall 3.1%, with a possible 33% fall in Greece alone FT.com – European companies…
Aldi poised to double UK stores
German discounter will invest £181m to open supermarkets by the end of 2013, as cash strapped middle class customers drive a sharp jump in earnings FT.com – European companies…
Deutsche Bank faces $37m damages lawsuit
Arco Capital files a lawsuit in which it claims the German lender dumped ‘poorly-underwritten, toxic or distressed’ assets in a structured product FT.com – European companies…
JPMorgan snaps up Europe mortgage bonds
Investment bank’s purchase of €565m of notes in a CMBS heralds the return of a vital source of funding for cash-starved commercial property market FT.com – European companies…
China’s Wuhan to buy ThyssenKrupp unit
Tailored Blanks disposal part of move to shed €10bn in assets as another Chinese company captures German industrial know-how FT.com – European companies…
Total speaks out against Arctic oil
French group’s chief says risk of a spill is too high as rival comes under scrutiny over plan to drill off coast of Alaska FT.com – European companies…
Spain’s banks need €60bn, says report
Spanish banks will need €59bn in new capital, according to the results of an independently conducted stress test of the country’s 14 largest lenders FT.com – European companies…
