Generali seeks exit from US reinsurance
Citigroup is advising the Italian insurer on a sale of its Generali USA Life Reinsurance unit, which could be worth as much as $ 1bn FT.com – European companies…
Julius Baer cuts rights issue by a third
Swiss private bank bows to shareholder ‘feedback’ over plans to finance its purchase of the non-US wealth management operations of Merrill Lynch FT.com – European companies…
Vivendi names Charlier to telecoms post
Jean-Yves Charlier, former head of BT’s European operations, has been recruited to oversee the group’s international telecoms businesses FT.com – European companies…
Shell in US talks to begin Arctic work
Oil group is in negotiations to start work before it obtains final approvals on its summer drilling programme before the ice closes in again FT.com – European companies…
Kingspan profits up 22% in first half
Insulation provider warns that the weakening European economy will hit sales but is optimistic it would hit earnings forecast for the year FT.com – European companies…
Earnings prospects in Europe scaled back
Results in stark contrast to the US where nearly three-quarters of companies beat expectations in the second quarter FT.com – European companies…
US rule set to slash cars’ fuel use
Most carmakers support new standards due to be announced this month, which an official study forecasts will cut fuel use by 18% by 2060 FT.com – European companies…
Santander to sell part of Mexico stake
The Spanish bank will offer up to 24.9 per cent of its subsidiary through a simultaneous sale of shares in Mexico and New York FT.com – European companies…
CME plans Europe derivatives exchange
Exchange operator to file an application with UK regulators for a London-based bourse that would operate with its own management team FT.com – European companies…
ISS backers agree partial stake sale
Private equity owners to sell quarter of Danish outsourcing group to new investors in attempt to pay down debt before third IPO attempt FT.com – European companies…
