ThyssenKrupp puts €7bn target on sales
The moves are part of German company’s strategy to hive off assets in order to cut debt and fund investments in less cyclical technology FT.com – European companies…
Belt-tightening reaches heart of Germany
Falling demand in Europe and a slowdown in emerging markets are forcing German companies to find savings and look at capacity utilisation FT.com – European companies…
Kuoni tumbles on disappointing results
Upmarket holiday operator defends ‘asset-light’ strategy after company losses for first half exceed analysts’ expectations, despite improvements FT.com – European companies…
Solid EM results push up Aegis profits
However, the stronger figures are accompanied by Carat, its media agency, lowering its growth expectations for the worldwide ad market FT.com – European companies…
US investigates UniCredit over Iran sanctions
Italy’s largest bank by assets is being investigated by US authorities for possibly breaking sanctions that prohibit doing business with certain countries FT.com – European companies…
Shandong eyes stake in Kion Group
Talks over Goldman and KKR selling 25% stake in forklift truckmaker could pave way for China’s biggest investment in a German company FT.com – European companies…
Madrid to get power to close troubled banks
Spain is working on legislation to toughen the powers of its central bank to comply with Brussels’ demands over its €100bn bailout package FT.com – European companies…
Losses widen at former Anglo Irish Bank
Irish Bank Resolution Corporation warns on effects of eurozone crisis as it reports a pre-tax loss of €743m for the first six months of 2012 FT.com – European companies…
Euro defies gravity – but not for much longer
€3tn to repair the eurozone’s broad money supply FT.com – European companies…
Impairment charges hit ABN Amro profits
Dutch bank expects a further drop in profits in the second half because of rising bankruptcies and the introduction of a new banking tax FT.com – European companies…
