BMI charges and fuel costs take toll on IAG
The group created by the merger of British Airways and Iberia says that it may only break even this year because of high fuel costs and a weak Europe FT.com…
Enel falters on weak electricity demand
Italian power company sees 1.4% drop in group net income from last year while revenues improved 8.5% FT.com – European companies…
Moody’s issues capital warning to global banks
Rating agency says tendency of banks to avoid new capital requirements and load up on debt will put pressure on creditworthiness FT.com – European companies…
Chevron and Shell near Ukraine gas deals
Ukraine hopes multibillion-dollar projects will lure other big foreign direct investment and help reduce dependence on Russian gas imports FT.com – European companies…
Mittal sounds cautiously optimistic note
Head of world’s largest steelmaker says he sees more confidence in number of key markets and upturn in North America FT.com – European companies…
CRH to build on stake in China
The Irish building materials group is pushing into emerging markets as bad weather in Europe and volatility from the eurozone crisis dent earnings FT.com – European companies…
Vulture funds eye longer timescale
Despite the ECB emergency funding, European banks will still have to shrink, and this will inevitably provide plenty of dealmaking opportunities FT.com – European companies…
Spain finalises bank recapitalisation plan
Madrid prepares to force Spain’s banks to set aside more than €30bn to recapitalise the country’s lenders as the struggle with property problematic loans FT.com – European companies…
Commerzbank passes stress test
German bank meets European bank stress test requirements early by plugging a €5.3bn capital gap identified by EBA last year FT.com – European companies…
Telefónica launches own smartphone chat app
Carrier’s TU Me service aims to win back customers from free instant messaging apps such as Viber that have eaten into text revenues FT.com – European companies…
