Hermès raises profit and revenue targets
French luxury group reports higher than expected earnings in first-half, thanks to strong demand in China for its high-end accessories FT.com – European companies…
Shandong Heavy buys €738m stake in Kion
Group invests in German forklift truckmaker in the biggest Chinese direct investment in a company in the eurozone’s largest economy FT.com – European companies…
High expectations for Carrefour’s new chief
Georges Plassat, who took over from Lars Olofsson, revealed better than expected first-half results for the hypermarkets group FT.com – European companies…
Strike forces Lufthansa to cancel flights
More than 100 flights set to be affected at Frankfurt airport as cabin crew staff escalate pay dispute by launching industrial action FT.com – European companies…
Axa joins SuMi Trust in Tokyo fund
Both to operate separate funds and invest in mid-sized office buildings and have combined equity of Y10bn but are expected to raise the amount five times FT.com – European companies…
BMG ‘interested’ in securing EMI assets
Hartwig Masuch, chief executive of a bidding music publisher, says the additional ‘master’ recordings could double the revenues of his company FT.com – European companies…
Qatar to oppose Glencore Xstrata merger
Sovereign wealth fund ready to block proposed $ 70bn deal but failure to repeat call for 3.25 share ratio may signal willingness to compromise FT.com – European companies…
Vivendi rules out ‘straight break-up’
Media and telecoms group says it cannot contemplate split because of its €14bn of debt and the need to protect bondholders FT.com – European companies…
Scotiabank to buy ING’s Canadian arm
Bank of Nova Scotia is paying a net C$ 1.9bn and raising C$ 1.5bn of new equity to finance the deal with the Dutch group for its online business FT.com…
EU to probe Ryanair’s tilt at Aer Lingus
Commission announces in-depth investigation into the budget airline’s third proposed takeover of the Irish flag carrier FT.com – European companies…
