Air France-KLM suffers €895m net loss
Franco-Dutch airline reports further losses in the three months to June but says cost cutting will help improve its second-half performance FT.com – European companies…
German banks cut back periphery lending
Cross border lending to weaker EU partners has dropped by nearly a fifth since January to the lowest level since 2005, according to central bank data FT.com – European companies…
Pension Corp frees up £300m in Munich Re deal
Backers say the arrangement would free up capital and leave the specialist insurer better placed to reach deals with larger pension schemes FT.com – European companies…
Norway’s force in the oil world
Helge Lund, the head of the Norwegian oil group Statoil, hides a fierce ambition behind his reserved exterior, writes Guy Chazan FT.com – European companies…
AIB suffers €1.1bn loss and warns on loans
Ireland’s second-largest bank by assets said that arrears in its customer loan book are continuing to rise due to the weak economic climate in its home market FT.com – European…
European cars – not turning yet
The lowest European automotive demand in almost two decades has forced some manufacturers to act, but there is much more work to be done FT.com – European companies…
BP to appeal against $3bn Russia ruling
Russian court rules in favour of a small shareholder in TNK-BP who claimed damages over the UK oil group’s abortive alliance with Rosneft FT.com – European companies…
Draghi turns back the tide – for now
ECB may have to mull options, like larger-scale asset purchases, its president had hoped would stay locked away in Frankfurt filing cabinets FT.com – European companies…
BP case a red flag for foreign investors
Ruling in which a TNK-BP shareholder won a $ 3.1bn suit in Russia highlights how a weak judicial system is used as a weapon in business disputes FT.com – European…
Debt crisis punishes European industrials
Renault, Lafarge and Saint-Gobain provide evidence of the damage being inflicted on industrials by the continent’s sovereign debt crisis FT.com – European companies…
