RSA to sell European units for £300m
New chief Stephen Hester is set to undertake a cost-cutting drive and disposals of several assets as the insurer focuses on ‘core businesses’ European Companies News…
SAP earnings hurt by strong euro
First-quarter operating profit rises but misses analysts’ estimates and the company warns that exchange rates will continue to be a burden European Companies News…
Fitzpatrick relief as court ordeal ends
As the former Anglo Irish Bank chief is cleared of making illegal loans, the Irish government faces calls for an inquiry into the banking collapse European Companies News…
Juncker backs loosening of telecoms rules
Candidate for EC president urges a rethink of competition rules for the digital sector to allow dealmaking to occur more freely across the bloc European Companies News…
Metso rejects Weir’s merger approach
Talks end between the two engineering groups over a potential £8.5bn combination, with Finland’s Metso preferring to pursue a standalone strategy European Companies News…
Investment bank weighs on Credit Suisse
Net profits fall by a third in the first quarter, missing analysts’ expectations, partly due to a marked decline in revenues from debt trading European Companies News…
Monte Paschi shares suspended
Shares in Monte dei Paschi di Siena drop 10% on reports that the bank is considering doubling a proposed capital increase to at least €5bn European Companies News…
Renzi shakes up Italian business model
Corporate leaders say PM’s appointments were not isolated event. Cash-strapped companies have had to improve governance to attract foreign capital European Companies News…
Oil veteran nominated to top job at Eni
Claudio Descalzi helped steer the Italian group’s transformation into a successful oil and gas explorer with a series of spectacular discoveries European Companies News…
Renzi forces sweeping change at state companies
The prime minister’s nominations shake-up top positions at Italy’s largest multinationals including Eni, Enel and Poste Italiane European Companies News…
