Apr 30, 2013 11:17 AM ET
Carphone Warehouse agreed to acquire the remaining 50% stake in a joint venture held by Best Buy for £471 million. Deutsche Bank first quarter net income rose 19% to €1.65 billion. Lloyds profit for the quarter surged £1.54 billion. UBS profit fell to Sfr 988 million. Unilever invest $5.4 billion.
Apr 30, 2013 8:25 AM ET
European Markets struggled to advance after the inflation declined and unemployment rate surged to 12.1% in March, record high since 1995. Bond yields hovered near record lows for Germany and France as economists speculate a rate cut later this week.
Apr 29, 2013 10:01 AM ET
Aberdeen profit in the first-half surged 52%. Balfour lowered full-year outlook. Lloyds sell its Spanish retail banking to Banco Sabadell. Volkswagen first-quarter profit tumbled 35%.
Apr 29, 2013 9:26 AM ET
Bond yield in Europe declined after Italy appointed Prime Minister Enrico Letta. Italian bond yield fell near 2-year low and economic confidence across the euro zone fell to the lowest since December. Aberdeen Asset Management soared to a 12-year high and VW reiterated its 2013 operating profit.
Apr 26, 2013 11:48 AM ET
European markets eased and pared weekly gains of 3% after Spanish government sought to extend by two years to meet the deficit target set by the European Union. PPR, the French luxury goods maker fell on a revenue miss and Total SA declined on lower revenues.
Apr 25, 2013 10:52 AM ET
Admiral first quarter group turnover dropped 6% to £551 million. Banco Santander first quarter profit plunged 26% to €1.21 billion. Taylor Wimpey said order booked increased 27% to £1.2 billion. Unilever first quarter sales grew 0.2% to €12.2 billion.
Apr 24, 2013 10:30 AM ET
Market indexes across the European Union gained despite for the second day weak economic data. German business confidence declined and UK retail sales dropped. In corporate profits, Daimler AG said operating profit shrank 56% and Credit Suisse reported a surge in net income.
Apr 24, 2013 10:11 AM ET
Barclays underlying first-quarter profit swung to £1.54 billion. Daimler first quarter profit tumbled 60%. DS Smith expects full year revenue to grow to £3.7 billion. Glaxo Profits for the quarter dropped 25%. Volkswagen Profit after-tax plunged 38%.
Apr 23, 2013 10:27 AM ET
Markets in the euro zone surged on the growing speculation that the European Central Bank may be forced to lower benchmark rate. The latest read on manufacturing output showed weakness across the region led by a weakness in Germany.
Apr 23, 2013 10:08 AM ET
ARM Holdings first quarter profit surged 39% and Associated British Foods profit for the period soared 27% to £309 million. Richemont estimated sales for the year to climbed 14 % and net profit to jump 30%. STMicroelectronics net loss widened.