Cukurova reclaims Turkcell controlling stake
Turkish conglomerate’s .6bn deal ends seven-year battle with Russia’s Alfa European Companies News…
Banco Espírito Santo: Holey credit
After announcing losses that were much worse than whispered, it seems the Portuguese bank needs lessons in how to handle a PR crisis European Companies News…
Ex-Banco Espírito Santo board faces legal threat
Portuguese central bank orders fresh capital raising for lender after first-half losses and warns that compliance and capital requirements compromised European Companies News…
Banco Espirito Santo posts loss of €3.58bn
Record loss wipes out Potuguese lender’s existing capital buffer of €2.1bn and implies that it will have to raise fresh capital European Companies News…
Luxury group Kering beats forecasts
Growth of Bottega Veneta and Saint Laurent brands outpaced Gucci flagship as it buys Swiss watchmaker Ulysse Nardin European Companies News…
Unilever says locals are biggest rivals
Biggest competition is from local companies, says the head of the Anglo-Dutch group, in a sign of the challenge to multinational consumer groups European Companies News…
Total suspends Russian share purchases
Total froze its programme of buying stock to raise 18% stake in Russia’s Novatek on the day Flight MH17 was shot down over Ukraine European Companies News…
Klépierre to take over Corio in mall deal
Combined company will have 182 shopping centres and a development pipeline of €3bn as it seeks to consolidate listed property sector European Companies News…
Sanctions a ‘big concern’ for European business
BP becomes the first European multinational company to warn of the impact of sanctions on Russia could have on its business European Companies News…
Companies fear Russian sanctions impact
BP and Renault become the first major European groups to warn of the potential negative effect on their businesses from EU and US actions European Companies News…
