Second Irish Reit is launched
The Hibernia real estate investment trust aims to focus on office properties, although it will consider other opportunities as well European Companies News…
Legal objection hits plans for EU data law
‘One-stop-shop’ rule would allow companies to deal with single regulator rather than 28 national ones, but would undermine human rights, says official European Companies News…
Banks fret over Volcker rule’s reach
Foreign lenders fear activities banned under rule, on which US regulators are set to vote on December 10, will include those made anywhere overseas European Companies News…
Nestlé: sweet wrappings
After planing a sale of its 10% stake in fragrance maker Givaudan, Nestlé has good reasons for a disposal of L’Oréal when a lock-up expires next April European Companies News…
Call to account: FT probe of Vatican Bank
Sweeping clampdown, the first in the institution’s 71-year history, follows months of increased regulatory pressure on banks over relationships with Holy See European Companies News…
US banks: Volcker rule
If the final Volcker rule attempts to say definitively what is acceptable in the new world of banking and what is not, it is doomed to fail European Companies News…
Week in Review, December 7
Featuring EADS insider trading case; China Mobile’s 4G licence; Tesco resists price war call; banks charge over rate cartel and bankers’ pay cuts European Companies News…
Nestlé to sell stake in Swiss scentmaker
Sale of entire stake in Givaudan, the scents and flavourings maker, revives questions about what the food group plans to do with its stake in L’Oréal European Companies News…
KKR faces €500m loss on Germany’s ATU
Private equity group KKR has lost control of German auto-repair company ATU after a restructuring led by distressed debt investor Centerbridge European Companies News…
Shell ditches plans for US gas plant
Oil group has faced pressure from investors to show more capital discipline, after spending a record $ 45bn this year, $ 5bn more than it planned European Companies News…
