Moody’s downgrades end uncertainty
Announcement is the culmination of a four-month review, and an even longer period of contemplation of what it means to be a large trading-oriented bank FT.com – European companies…
Pressure on Vivendi to show its hand
Strategy will be discussed at a Corsica meeting this weekend, which brings together the board and division heads for key discussions FT.com – European companies…
Italy’s north fights for shaky recovery
Quake-damaged region struggles to keep its economy afloat as citizens make do in tents and improvised offices while long-term debts remain unpaid FT.com – European companies…
Dixons profits dragged down by Europe
A pick-up in recent trading failed to boost annual profits at the electrical retailer which was hit by its exposure to southern Europe FT.com – European companies…
Commerzbank looks to overturn ruling
The German lender launches second appeal and says that no binding contractual commitment was made to the former Dresdner Kleinwort bankers FT.com – European companies…
Tycoon seeks backers over TNK-BP stake
Russian billionaire Mikhail Fridman, former chief executive of the joint venture, plans to acquire half of the UK oil group’s holding FT.com – European companies…
Aer Lingus urges shareholders take no action
Aer Lingus tells its shareholders to take no action after Ryanair launched its third offer for the Irish flag carrier in six years FT.com – European companies…
H&M reports jump in pre-tax profits
Swedish retailer says higher cotton prices have been ‘more or less neutralised’ while its new collections are selling well despite tough conditions FT.com – European companies…
Greece’s ailing economy grinds to a halt
Greek business leaders say they can no longer obtain the most basic credit – and to make matter worse, the government has stopped paying its bills FT.com – European companies…
Italian companies focus on survival
Groups compromise on growth amid high interest rates that shot up following investor fear that Italy would not be able to pay €1.9tn debts FT.com – European companies…
