Nokia to shed further 10,000 staff
Shares fall 8% as Finnish handset maker warns that second-quarter losses from its mobile phone business would be larger than expected FT.com – European companies…
Nokia poised to sell Vertu line
The Finnish handset maker is shedding Vertu, which adorns Nokia phones with jewellery, as part of a wider effort to restructure the business FT.com – European companies…
China’s industries in Mittelstand-off
FT series: Can world-renowned German industrial brainpower win in its latest battle against Chinese counterparts pushing to expand globally? FT.com – European companies…
Stability is key says German manager
Freudenberg chief advocates continuity and scorns the tendency in the UK and US for the shareholders behind private companies to sell out FT.com – European companies…
Inditex shrugs off European woes
The Galician owner of the Zara clothing chain increases net profits 30% in the first quarter, a period in which it opened 91 new stores FT.com – European companies…
ING to pay $619m to settle sanctions case
The US alleged the bank violated US sanctions by helping Iranian and Cuban companies move billions of dollars through the US financial system FT.com – European companies…
Investor quits Sulake after sex claim
Balderton has dumped its 13.5% stake in the Finnish group after allegations that one of its sites was playing host to sexually explicit content FT.com – European companies…
Pope’s ex-banker ‘fears for his life’
Ettore Gotti Tedeschi is depicted as an ‘erratic’ manager, pathologically disturbed, or the victim of an internal power struggle FT.com – European companies…
TomTom signs maps deal with Apple
Dutch navigation group’s shares rise 12% after it announces deal to replace Google as the provider of maps for the iOS operating system FT.com – European companies…
Insurers shift from guarantee business
Move comes as premiums from traditional life assurance products fell an average 10% in 2011 while premiums from unit-linked life insurance rose 3% FT.com – European companies…
