Currency volatility dents Philips profits
Sounding a cautious note for 2014, chief Frans van Houten points to a weak Chinese construction sector affecting the group’s lighting business European Companies News…
Novartis buys GSK arm in asset swap deal
Pharma groups will combine consumer operations in venture controlled by the UK company and Novartis will sell animal health business to Eli Lilly for .4bn European Companies News…
Big pharma deals are back in the mix
Speculation over a potential 0bn bid by Pfizer for AstraZeneca suggests it may have been too soon to call an end to industry’s consolidation European Companies News…
Italy’s big banks in US link on bad loans
UniCredit and Intesa Sanpaolo are expected to announce they have signed a preliminary agreement with Kohlberg Kravis Roberts and Alvarez & Marsa European Companies News…
Campari toasts US cocktail’s renaissance
The Italian spirits company is well placed to benefit from the growing interest in bitters and liqueurs among mixologists and consumers in America European Companies News…
JLR’s China factory to rival UK quality
Bob Grace, head of Chinese production line, says the nearly completed factory will have a level of automation on par with those in western Europe European Companies News…
Digital push takes root amid shake-up
Pietro Scott Jovane, chief of RCS Mediagroup, faces opposition from boardroom and staff over cutting costs and bonus payouts to top managers European Companies News…
Europe’s banks: dividend doubts
Lenders are promising healthy payouts, but investors might have to look north European Companies News…
China crackdown hits cognac industry
Anti-corruption clampdown poses serious threat as Beijing shuts karaoke and hostess bars, where cognac companies make big chunk of mainland profits European Companies News…
