Bad loans rise at BBVA and Caixabank
Spanish banks are still suffering from the after-effects of the country’s property market collapse, while emerging market profits also fall European Companies News…
Volvo and Electrolux plan job cutbacks
Scandinavian industrial groups announce cost-cutting plans as truckmaker and home appliance manufacturer miss third-quarter forecasts European Companies News…
French trader is fined record €14m
UBS banker passed on takeover details in 2008 to his cousin who then purchased €8m worth of shares and options in Geodis just before the bid announcement European Companies News…
Crisis masks Italian success
Companies listing in Milan are setting tone for an age defined less rigidly by the venerable financial and industrial groups of post-1945 Italy European Companies News…
Swedish banks pressed for payouts
Third-quarter results reveal that Nordea, Handelsbanken, SEB and Swedbank have some of the highest capital ratios in Europe or even in the west European Companies News…
Daimler makes up ground with sales rise
Car and truckmaker’s earnings rise 16% to beat analyst expectations as brand shifts image and new models win over younger generation European Companies News…
Chancellor urged against splitting RBS
Shareholders fear crystallising of losses and suggest that the bank’s assets are recovering, saying the idea would destroy value for the bank European Companies News…
Peugeot warns over cost-reduction targets
French carmaker denies that decision to scale back manufacturing alliance with GM has any connection with talks about capital injection by Dongfeng European Companies News…
Heineken hit by emerging market slowdown
Dutch brewer cuts profit forecast amid reduced beer consumption in key developing countries that is also likely to hit its big sector rivals European Companies News…
Hourican to lead Bank of Cyprus
Former accountant who headed UK investment bank from 2008 will face task of executing three-year restructuring of lender severely hit by Greek exposure European Companies News…
