SAS plans cost cuts amid more losses
Struggling Scandinavian airline, which warned of a weak start to 2012 after reporting its fourth consecutive full-year net loss, announces 300 job cuts FT.com – European companies…
Regulator orders Airbus A380 wing checks
European Aviation Safety Agency says all 68 of the superjumbo passenger jets in operation will have to be inspected for possible cracks FT.com – European companies…
Vestas CFO leaves as profits fall sharply
Surprise €60m loss for the full year forces CFO and chairman out at the world’s largest wind turbine manufacturer by market share FT.com – European companies…
Lagardère faces €900m writedown
French conglomerate suffers from its struggling sports business, but general managing partner still believes division could be successful FT.com – European companies…
Sprint and Orange announce M2M deal
US mobile group’s roaming agreement with France Telecom’s OBS arm offers multinational corporate customers global machine-to-machine data services FT.com – European companies…
GSK empties accounts to limit euro exposure
UK pharmaceutical group conducts ‘daily sweep’ to remove all cash from most eurozone countries FT.com – European companies…
UBS issues gloomy outlook for 2012
Downbeat forecast for Swiss group which warns of more structural changes as earnings fall from SFr1.66bn to SFr393m year-on-year FT.com – European companies…
BAE considers cut to Typhoon price
UK defence group’s chief says it needed to talk to partners in Germany, Italy and Spain, but that all options were open FT.com – European companies…
Europe’s flag-carriers take a dive
Amid the sovereign debt crisis, consumers and business people are saving money when travelling inside the EU by flying with budget airlines FT.com – European companies…
TNT Express feud with shareholders widens
Dutch express mail company rejects appointment of three new directors it accused activist investors of paying themselves FT.com – European companies…
