Telefónica to sell German division
Spanish telecoms group could also spin off Latin American assets as it struggles to cut its €57.1bn debt, which forced a dividend cut last year FT.com – European companies…
German soccer beats England on profits
The country’s leading football clubs have enjoyed substantially higher growth than their rivals in the Premiership despite lower revenues FT.com – European companies…
France to cap executive pay in state groups
Government cracks down on excessive corporate pay and wants salaries of chief executives capped at 20 times that of their lowest paid worker FT.com – European companies…
Booker buys Metro’s British operations
£140m deal gives German group 10% stake in UK food wholesaler that will take over struggling Makro cash and carry chain FT.com – European companies…
Mercedes lays off 10% of Brazil workforce
The move to cut 1500 staff follows concern in the government over the health of Brazil’s auto industry and a downturn in the bus and truck markets FT.com – European…
Spain central bank governor quits early
‘Mafo’ had come under increasing attack from politicians for failing to prevent €19bn nationalisation of Bankia, a fusion of seven savings banks FT.com – European companies…
FCO steers into trouble over car purchases
The ministry’s own guidance to buy British-made vehicles for major embassies ‘where local factors permit’ is often not being followed FT.com – European companies…
Inditex to be Spain’s most valuable group
Galicia-based retailer set to topple Telefónica from the summit of the Ibex 35 as the country reports its worst monthly retail sales data FT.com – European companies…
Moody’s warns on LBO debt defaults
Rating agency says a quarter of the continent’s 254 unrated private equity deals with debts worth €133bn will face refinancing challenges by 2015 FT.com – European companies…
Cameron in eurozone contingency talks
Home secretary has not ruled out some kind of suspension of the EU’s free movement rules if a crisis spreads across the eurozone triggering large-scale migration FT.com – European companies…
