‘Dr Z’ proves doubters wrong at Daimler
Sales at Mercedes-Benz are improving and the company is shaking off its reputation as an ‘old man’s brand’ and wooing younger drivers European Companies News…
UniCredit sells €700m loans portfolio
The Italian lender’s deal with AnaCap comes as a debate grows over need for a state-sponsored bad bank in Italy, following those set up in Ireland and Spain European Companies…
Cost-cutting in focus at Julius Baer
Profits at the Swiss bank have been dragged down by the cost of integrating the asset management business it bought from Bank of America in 2012 European Companies News…
Merck seals €20m deal to aid cancer fight
Ablynx move will give Merck boost ahead of its rivals in race by pharmaceutical groups to develop their capacity to create immunotherapy treatments European Companies News…
Glencore Xstrata: From darkest Peru
Shareholders like the certainty of cash, but Glencore must demand a good price before selling its Las Bambas mine European Companies News…
Porsche faces €1.8bn lawsuit in Frankfurt
Seven hedge funds accuse founder’s grandsons of misleading the market in the run-up to its disclosure that it was seeking to take control of Volkswagen European Companies News…
Forward guidance can be a backward step
Regular guidance combined with arbitrary quarterly targets only serve to encourage speculators at the expense of buy-and-hold investors European Companies News…
Optimistic BBVA posts rise in net profits
Spanish bank posts €677m net loss for the fourth quarter because of a €2.6bn pre-tax loss on the sale of its stake in a Chinese bank European Companies News…
Regulator maps out European stress tests
European regulators will subject banks to a 5.5% capital test in a ‘comprehensive assessment’ of balance sheets to tackle weaknesses in the sector European Companies News…
