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TNT Express chief executive steps down

Marie-Christine Lombard is to leave delivery group to pursue “an external career opportunity” as Brussels probes its planned acquisition by UPS FT.com – European companies…

BAE ready to quit deal if US ties at risk

Defence contractor fears EADS deal could water down special relationship with Pentagon, which allows it to work on US national security projects FT.com – European companies…

Volvo chief’s health forces break from work

Jan Gurander, the company’s chief financial officer, will serve as acting CEO during his absence after mild stroke FT.com – European companies…

Talanx hopes for second time lucky on IPO

A valuation disagreement between investors and advisers forced the German insurer to anbandon its first attempt at flotation earlier this month FT.com – European companies…

Ageas agrees deal for Groupama UK arm

French mutual forced to shore up capital position after losses on Greek sovereign debt and stock market investments FT.com – European companies…

Universal Music – out of tune

Regulators have strong-armed the buyer into selling assets that account for about a third of EMI’s £1bn of sales FT.com – European companies…

Paris and Berlin seek EADS assurances

Deliberations complicated by structure that gives French state 15% of EADS, French media group Lagardère 7.5%, and German carmaker Daimler 22.5% FT.com – European companies…

UBS UK desk ‘less risk adverse’ than US

A former manager gives evidence in the trial of Kweku Adoboli who is accused of ‘fraudulently gambling’ away $ 2.3bn from the Swiss bank FT.com – European companies…

Daredevil of the skies takes aim at America

The EADS chief executive is staking his career on a tie-up with Britain’s BAE Systems in a move to compete with Boeing, writesAndrew Parker FT.com – European companies…

Universal’s £1.2bn bid for EMI approved

The green light ends Universal’s fraught bid for regulatory approval and sounds the death knell on EMI’s 80 years as an independent British company FT.com – European companies…