Mar 28, 2013 2:25 PM ET
Cyprus banks reopened nearly after two weeks with stringent capital controls that are likely to be in place for months to come. There was no evidence of panic or bank run on the first day. Central bank estimated 18% deposit withdrawal so far from the euro zone savers.
Mar 28, 2013 10:11 AM ET
D.E Master Blenders said Benckiser offered €12.75 per share and reported second quarter net surged 31%. Tele2 agreed to sell its Russian business to VTB Group for $2.4 billion and said net profit for the year declined 31% to 3.26 billion. Liberty Global buy 12.65% stake in Ziggo.
Mar 27, 2013 10:38 AM ET
Belgian government plans to sell stakes in Belgacom and BNP Paribas to reduced budget deficit. Mediaset said loss for 2012 swung to €287 million. Private equity shareholder NTC Holding sold another 6.8% stake in TDC. Safran completed acquisition of Goodrich Electrical Power Systems for €300 million.
Mar 26, 2013 10:18 AM ET
Bellway said profit for the first half surged 51% and Kazakhmys said loss for the year swung to $2.27 billion. Kingfisher annual profit dropped 12% to £564 million and Resolution said annual loss widened. Wolseley profit for six months dropped 23%.
Mar 25, 2013 11:50 AM ET
Cyprus struck a late night deal in Brussels with European lender that will effectively shrink its banking sector and shift the cost of bailout to larger uninsured depositors and close its second largest banks.
Mar 25, 2013 10:13 AM ET
Centrica agreed to buy natural gas from Cheniere worth £10 billion. Schroders agreed to buy Cazenove for £424 million and said annual profit declined 10.3%. TNT Express targets €220 million in recurring savings by 2015 and sell assets in Brazil and China.
Mar 22, 2013 10:46 AM ET
BP plans to buy back $8 billion in shares and completed 50% stake sale in its Russian venture to Rosneft. Homeserve lowered its outlook. Mulberry said profit before tax for the year is expected to below market expectations. Schroders agree to buy Cazenove Capital.
Mar 21, 2013 10:23 AM ET
Brenntag reported annual net soared 21% to €336 million. Havas net income for the year climbed €135.4 million as revenue soared 8% to €1.78 billion. Lanxess net income for the year rose 2% to €514 million and Rieter profit for the year plunged.
Mar 20, 2013 3:55 PM ET
Cyprus Parliament struck down the proposal to tax depositors and international creditors looked for alternatives to stem the growing debt crisis. Cyprus ministers looked to Russia for emergency help and European regulators debated the fate of bailout as the banking system in Cyprus remains closed.
Mar 20, 2013 10:55 AM ET
Asos said second quarter sales soared 37% to £186.5 million. Deutsche Bank net for the year plunged 93% and for the fourth quarter net swung to €2.53 billion loss. Metro third quarter net plunged 29% to €498 million. Smiths Group net surged 67% to £141.3 million.