Poor cash handling takes €800bn toll on European groups
Almost €800bn was wasted last year as a result of inefficient cash management, a study suggests FT.com – European companies…
Spanish banks’ tale of woe to drag on
More needs to be done, and done more quickly, to restore confidence so that lending to businesses can be revived and a crippling recession ended FT.com – European companies…
Clock ticking for the euro’s leaders
Next week’s summit is the most significant yet. For the first time a large eurozone country’s lockout from financial markets is a real possibility FT.com – European companies…
Vestas scraps Kent turbine factory plans
Danish manufacturer’s move dashes hopes for 2,000 jobs around Sheerness as analysts point to uncertainty over cuts to government subsidies FT.com – European companies…
Credit Suisse rejects calls on capital ratios
Board of Swiss group backs chief executive Brady Dougan as it rebuffs calls by the Swiss National Bank for it to build up capital faster FT.com – European companies…
Carnival ‘catching up’ after disaster, says chief
Booking volumes for brands other than Costa, the brand whose ship capsized in the Concordia accident, were up 8 per cent over the previous year in the last seven weeks…
Advertising deal talk centres on LBi
After WPP’s $ 540m deal for AKQA, Amsterdam-based LBi is emerging as the industry’s next likely acquisition target, according to people familiar with the matter FT.com – European companies…
Former IRA commander agrees to meet Queen
McGuinness, deputy first minister of Northern Ireland, paves way for historic handshake between a Sinn Féin representative and the monarch FT.com – European companies…
Cyprus eyes EU option to shore up banks
Finance minister says EFSF loan is his preferred option for assistance as time runs out for Cyprus’s second-biggest lender to meet capitalisation rules FT.com – European companies…
