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América Móvil buys into Telekom Austria

América Móvil decision to buy the 21% stake that Austrian investor Ronny Pecik built is welcomed by telecoms group, part-owned by the government FT.com – European companies…

Carrefour and bank pull out of Greece

French retailer pulls out of the austerity-hit country ahead of elections on Sunday as Crédit Agricole transfers Greek subsidiary assets back to France FT.com – European companies…

UK watchdog to look into Irish airlines

Ryanair may be forced to sell its stake in Aer Lingus after a decision by the Office of Fair Trading to refer the matter to the Competition Commission FT.com –…

Putin steps up battle with PM over energy

Vladimir Putin has moved to further weaken his PM’s control over the energy sector, creating a special presidential commission for strategic development of the sector FT.com – European companies…

Banker in F1 case talks with prosecutors

Move by Gerhard Gribkowsky, who is at the centre of bribery charges involving the motor racing group, could lead to a conclusion of the trial FT.com – European companies…

Time running out for Nokia to pull back

Losses are mounting as it becomes even clear that Nokia is losing the mobile phone war to Apple and phones using the Android operating system FT.com – European companies…

Moody’s downgrades Dutch banks

Credit rating agency cites exposure to the Netherlands’ shrinking economy and falling real estate market as main factors for downgrading five lenders FT.com – European companies…

France makes its opening euro bid

Mr Hollande’s stability pact falls far short of the sort of sovereignty-sharing Berlin says its wants. But then, Berlin may want too much FT.com – European companies…

Nokia: wrong numbers

A significant overhaul that changes nothing in terms of overall strategy, and that must remain the overriding concern for investors FT.com – European companies…

Shell extends deadline for Cove bid

The move effectively keeps Shell’s options open for raising its bid for the east African gas explorer after the latter spurned its £1.12bn offer FT.com – European companies…