Julius Baer acquires Bank Leumi unit
Purchase of international private banking assets of Israel’s Bank Leumi is the latest expansionary move by the Swiss private bank European Companies News…
China telecoms spending buoys Huawei
China’s Huawei saw 2014 first half revenues jump almost one-fifth year-on-year, boosted largely by higher global network demand European Companies News…
Sterling’s strength dents UK dividends
Payouts rose 1.2% in the second quarter, one of the slowest growth rates in the past three years, according to data provider Capita Asset Services European Companies News…
Severstal to sell North American plants
Russian steelmaker agrees to sell its North American assets to two US steel groups for .3bn as it sheds its international assets to cut costs European Companies News…
Kashagan woes mar outlook for oil groups
Morgan Stanley has lowered its earnings estimates for Eni, Total and Shell following hold-ups and cost over-runs at the Kashagan oil project European Companies News…
Volvo battles slump in China and Brazil
Swedish group manages to keep revenues up to speed thanks to growth in mature markets of Europe, North America and Japan European Companies News…
Ericsson jumps 8% after bullish results
Swedish telecoms equipment maker posts forecast-beating second-quarter results, driven by strong demand for network capacity from operators European Companies News…
GE to float credit business this month
The US company is refocusing on its industrial activities as it moves to exit consumer finance and absorb parts of France’s Alstom European Companies News…
Espírito Santo parent seeks creditor protection
Luxembourg-based ESI said it had applied to be placed under controlled management to prevent a fire sale of assets European Companies News…
