Roche to buy Genia of US for up to $350m
Swiss pharmaceuticals group moves to bulk up its diagnostics business with initial 5m cash deal and up to 5m more to shareholders European Companies News…
US mortgage applications drop
London home loan values surge, while in the eurozone M3 money supply expands less than 1% but economic sentiment improves European Companies News…
‘Dual economy’ blocks Turkey’s progress
Despite some areas having very modern companies, the country appears caught in a middle-income trap, its prospects clouded by flawed governance European Companies News…
Mini plant armed with future proof robots
The 1,000 robots that build Minis at BMW’s Oxford plant is flexible enough to build models for decades to come, removing the need for costly overhauls European Companies News…
Siemens poised to cut up to 12,000 jobs
The reductions come as the group’s chief executive prepares to fight US conglomerate General Electric for French energy and transport company Alstom European Companies News…
Hillshire bidding war sets up food fight
M&A is on the rise in the food industry as producers seek to win back pricing power from retailers and swallow up brands to gain limited shelf space European Companies…
Gazprom criticises EU over South Stream
Russian gas company Gazprom has accused the EU of trying to block a landmark gas pipeline in a dispute that looks likely to spiral into a legal showdown European Companies…
Samwer brothers eye €3bn Rocket flotation
A mix of an incubator and a venture fund, Rocket’s investments include transport service Easy Taxi and takeaway provider Foodpanda European Companies News…
$10bn fine reports hit BNP Paribas shares
Speculation over size of US penalty for French bank’s alleged sanctions violations prompts concerns that lender will cut dividend to mitigate damage European Companies News…
Total to sell Azerbaijan gasfield stake
The agreement makes the French oil major the second to have sold a stake in the Shah Deniz gasfield in Azerbaijan in less than a year European Companies News…
