BP profits undershoot expectations
The oil group reports weaker than expected profits of $ 4.8bn for the first quarter as it continues to feel the impact of the Gulf of Mexico oil spill FT.com…
Finance and fraud: Serious shortcomings
The high-profile investigation of the Tchenguiz brothers crystallises concern about the UK’s leading anti-fraud body. By Ed Hammond and Caroline Binham FT.com – European companies…
INM rejects director’s claims in court
Case is latest chapter of bitter boardroom battle between biggest shareholder Denis O’Brien and the O’Reilly family FT.com – European companies…
Eurozone inflation falls to 2.6% in April
Data on growth and bank lending strengthen expectation that ECB council will make no immediate interest-rate policy changes FT.com – European companies…
RenCap sets up Nigerian finance business
The move by the Russian bank aims to tap the fast-growing economy’s rising middle class and diversify further from investment banking FT.com – European companies…
Spain in talks over ‘bad bank’ scheme
The plan to segregate problematic property loans into one or more asset management companies seeks to relieve the burden on struggling lenders FT.com – European companies…
Daimler to complain over rules confusion
The German car and truckmaker is to complain to Bafin, the country’s regulator, over new reporting requirements for financial options FT.com – European companies…
Vulnerable banks under the spotlight
Spain’s foreign minister likens Europe to the Titanic and his country to a seriously ill patient undergoing critical surgery FT.com – European companies…
Kerviel launches further case against SocGen
Former rogue trader issuing one-time employer for alleged forgery and manipulation of evidence FT.com – European companies…
New chairman for Monte dei Paschi
Shareholders force a change in management at Italy’s third largest bank by assets with a vote to appoint Alessandro Profumo to the post FT.com – European companies…
