Cartesian takes stake in Moscow exchange
Holding of 2.5% taken in the Moscow Exchange Micex-RTS alongside the Russian Direct Investment Fund ahead of the bourse’s IPO next year FT.com – European companies…
Avio sales soar amid civil aviation boom
Italian aerospace company sees first-half revenue up more than 25% and operating profit up 13% buoyed by robust demand from Asian and western airlines FT.com – European companies…
Nokia shares rise despite continuing losses
Analysts relieved Finnish group’s cash position has stabilised as sales of crucial Lumia smartphones double and network business makes a profit FT.com – European companies…
Credit Suisse acts to tackle capital fears
Lender will cut costs, issue SFr3.8bn of convertible bonds and plans to sell part of its private equity business to placate Swiss central bank FT.com – European companies…
Rate probe turns to big bank quartet
Evidence of links from traders at Agricole, HSBC, Deutsche and SocGen to a Barclays’ former euroswaps trader FT.com – European companies…
Ericsson: here we go again
Telecom group’s earnings are disappointing but the effect of network modernisation on margins should start to fade later this year FT.com – European companies…
Computacenter reassures on German costs
IT services group says it has learnt from its ‘naive mistakes’ in winning contracts and that its spending has stabilised FT.com – European companies…
Crédit Agricole poised to sell Cheuvreux
French bank plans to spin off securities business to independent brokerage Kepler following similar deal between broker and UniCredit FT.com – European companies…
Hollande scraps tax breaks on overtime
Estimated 9m workers took advantage of the measure at an overall cost to the French state of €4.5bn in foregone revenue last year FT.com – European companies…
