BNP Paribas closes in on Basel target
French bank reports a 9.6% rise in first-quarter net profits and expects to hit a core tier one capital ratio of 9% by January 2013 FT.com – European companies…
Spain revisits ‘bad bank’ plan
The return to the idea came as the country and its banks suffered a further credit rating downgrade from Standard & Poor’s FT.com – European companies…
Air France-KLM reaffirms cost-cutting stance
Europe’s most indebted large airline warns politicians and unions that it will not back down on its plans to pare its bloated structure FT.com – European companies…
Boards wake up to a shareholder spring
Breakdown in talks with several boards that institutions accuse of rewarding executives for anaemic performance with multimillion-pound bonuses FT.com – European companies…
Hutchison in €2bn offer for Eircom
The Hong Kong conglomerate’s Irish unit submits a fresh bid without conditions for the Irish phone company but subject to due diligence FT.com – European companies…
Nokia shares fall after difficult week
Finnish group has another tough week after a fractious shareholder meeting and news that an investor is suing over the move to Windows smartphones FT.com – European companies…
US firms rule the roost in Europe
But money market funds and other factors, such as Europe acquisitions could be distorting the picture FT.com – European companies…
Tesco taps Adams to lead Turkey arm
Jeff Adams’ move means that a possible successor to Tim Mason, head of US unit Fresh & Easy is no longer with the retailer FT.com – European companies…
