euronews

Kraft bid for Cadbury unchanged

Mon, 09 Nov 2009 21:33:59 +0100

Kraft Foods has launched a hostile takeover bid for the British confectionery group Cadbury. The US food giant keep the same terms as its…

EADS loses South African A400M order

Thu, 05 Nov 2009 19:52:23 +0100

EADS's troubled Airbus A400M military transport project has suffered another blow. The South African government has dropped plans to buy eight…

Toyota's profit surprises

Thu, 05 Nov 2009 19:52:23 +0100

Toyota has reported an unexpected quarterly net profit of 162 million euros and slashed its forecast for annual losses by more than half. The…

Disney's Shanghai adventure gets Beijing backing

Wed, 04 Nov 2009 21:15:29 +0100

The Disney company has got the green light from the Chinese government to build a theme park in Shangai. It comes after years of delicate…

Merck and Schering-Plough begin joint operations

Wed, 04 Nov 2009 21:15:30 +0100

US pharmaceuticals giants Merck and Schering Plough have begun their first day of combined operations following the completion of their merger. The…

UBS reports third quarter losses

Tue, 03 Nov 2009 21:12:59 +0100

The Swiss bank UBS has posted a 373 million loss in the third quarter. Shares in the company fell four percent as the bank said it did not expect a…

Deal on UK banking shake-up

Tue, 03 Nov 2009 21:12:59 +0100

Britain's RBS and Lloyds banks have agreed to a massive shake-up of the UK banking sector, which will see both sell hundreds of branches and key…

Ford surprises with quarterly profit

Mon, 02 Nov 2009 21:15:50 +0100

The only major US automaker that avoided bankruptcy this year has surprised Wall Street with a quarterly profit. Ford has also raised its…

Faurecia to buy US firm EMCON

Mon, 02 Nov 2009 21:15:49 +0100

The French car parts group Faurecia has struck a deal to buy the US firm EMCON technologies. Faurecia says it will fund the deal by issuing 20.9…

RBS faces forced sales

Mon, 02 Nov 2009 21:15:49 +0100

The Royal Bank of Scotland is facing more forced sales in a UK bank shake-up. The bank says a deal with EU regulators and the British government…

Hugo Boss gives gloomy outlook

Mon, 02 Nov 2009 21:15:49 +0100

Shares in the German fashion company Hugo Boss fell slightly this morning after it gave a gloomy outlook for the rest of the year. Its third…

Air France gets hold of its first airbus

Fri, 30 Oct 2009 19:23:34 +0100

Air France has become the first European airline to get its hands on an Airbus A380. The French company was presented with the giant passenger…

Swine flu gives Sanofi a shot in the arm

Fri, 30 Oct 2009 19:23:34 +0100

French drugmaker Sanofi-Aventis has swine flu to thank for an improved outlook for 2009. The group said it expected H1N1 vaccines to add around 337…

Electronics industry gets pre-Christmas boost

Fri, 30 Oct 2009 19:23:34 +0100

The electronics industry has been boosted by some encouraging financial results as it looks forward to the Christmas shopping season. Samsung,…

ArcelorMittal profits up

Wed, 28 Oct 2009 19:11:32 +0100

Steel giant ArcelorMittal has reported a profit for the July to September quarter, ending a run of three consecutive quarterly losses. The…

Heineken raises profit forecast despite selling less beer

Wed, 28 Oct 2009 19:11:32 +0100

Heineken has raised its 2009 forecast despite selling less beer in the third quarter. In the recession, drinkers are opting for cheaper…

Santander's UK profits up

Wed, 28 Oct 2009 19:11:32 +0100

Spanish banking giant Santander profits at its UK banks have risen by more than third during the first nine months of the year. Santander owns…

Bayer's operating earnings beat forecasts

Tue, 27 Oct 2009 18:06:20 +0100

Germany's largest drugmaker Bayer has beaten forecasts with their operating earnings. Profits were helped by a continued recovery of their…

BP reports third-quarter profits above expectations

Tue, 27 Oct 2009 18:06:21 +0100

Oil giant BP has reported third-quarter profits well above expectations, sending its share price up 5%. BP's results were boosted after it made…

Electrolux, the second biggest home appliances maker doubles profit

Mon, 26 Oct 2009 18:18:27 +0100

Electrolux, the world's second biggest home appliances maker has doubled its operating profit. Net profit for between July and September was…

Dutch financial services group ING

Mon, 26 Oct 2009 18:17:34 +0100

Dutch financial services group ING has announced that it will divide itself into separate companies, splitting its banking and insurance businesses.…

Danone's dairy sales rebound

Fri, 23 Oct 2009 21:06:20 +0200

French food group Danone has said price cuts and increased advertising helped to speed up a recovery in fresh dairy products, which are its biggest…

JAL's liabilities vastly outweigh assets

Fri, 23 Oct 2009 21:06:20 +0200

Debt-laden Japan Airlines reportedly has liabilities that exceed its assets by as much as 5.8 billion euros. A source has told Reuters that…

Volvo's losses slow

Fri, 23 Oct 2009 21:06:20 +0200

Swedish lorry maker Volvo has announced a smaller third-quarter loss than expected at 322 million euros. That eased fears it would need to ask…

Vital OS launch for Microsoft

Thu, 22 Oct 2009 20:56:04 +0200

Microsoft has launched its latest personal computer operating system - Windows 7. It is a vital release for the world's biggest software…

Falling Eurocopter orders prompt cuts

Thu, 22 Oct 2009 20:56:04 +0200

The world's biggest civil helicopter maker, Eurocopter, has said falling orders mean it will have to cut costs. The financial crisis has caused…

Ericsson's profit drops

Thu, 22 Oct 2009 20:56:04 +0200

It seems the economic downturn has finally caught up with the world's biggest mobile phone network equipment maker Ericsson. It announced a…

Nestle to speed up share buyback

Thu, 22 Oct 2009 20:56:04 +0200

Nestle is to use some of its large cash reserves to buy back shares quicker than originally planned. The world's biggest food group is likely…

Quarterly loss for Boeing

Wed, 21 Oct 2009 21:02:44 +0200

The US planemaker Boeing has posted a larger-than-expected quarterly loss of just over one billion euros. It blamed costs related to its…

Ferrovial sells Gatwick

Wed, 21 Oct 2009 21:02:44 +0200

Spain's Grupo Ferrovial has agreed to sell London's second-busiest airport Gatwick for a loss. It is getting a smaller-than-expected 1.67…

Cadbury posts strong sales

Wed, 21 Oct 2009 21:02:44 +0200

British confectionery group Cadbury saw its sales rise seven percent in the third-quarter. That was better than even the optimistic…

Quelle to close

Tue, 20 Oct 2009 21:05:28 +0200

German mail-order and catalogue business Quelle is being closed down by the administrator appointed to sort out its owner, the insolvent retailer…

Eurotunnel sales down

Tue, 20 Oct 2009 21:01:04 +0200

Eurotunnel's revenue fell eight percent in the third quarter to 162.4 million euros. Compared with the same period last year more than a third…

Coke hit by weak economy

Tue, 20 Oct 2009 21:05:28 +0200

Not enough fizz was the financial world's verdict on Coca-Cola's quarterly revenue. It came in lower than expected, hurt by declines across…

Qatar's Barclays sale sparks Sainsbury speculation

Tue, 20 Oct 2009 21:01:05 +0200

Qatar's sovereign wealth fund is to sell a 1.4 billion euro stake in British bank Barclays. It will make 660 million euro profit and remain…

Germany issues Opel assurance

Mon, 19 Oct 2009 20:09:01 +0200

With still no date fixed for the signing of the deal for GM to sell Opel and Vauxhall, the German government has issued an assurance that its offer…

DSB made bankrupt

Mon, 19 Oct 2009 20:09:01 +0200

A Dutch court has declared the troubled lender DSB bankrupt after attempts over the weekend to sell or rescue it failed. Other Dutch banks are…

ABB cuts fine provisions boosting profit

Mon, 19 Oct 2009 20:09:01 +0200

Swiss engineering group ABB has said it expects its third-quarter net income to be boosted to around 670 million euros. That is because it…

Norilsk profits slump

Mon, 19 Oct 2009 20:09:01 +0200

Russia's Norilsk has announced sharply lower profits for the last six months, but the world's largest miner of nickel and palladium performed better…

VW to sell new shares

Fri, 16 Oct 2009 20:26:03 +0200

Volkswagen is to seek between eight and 10 billion euros from its investors through the sale of new preferred shares. Europe's biggest carmaker…

Pfizer completes Wyeth takeover

Fri, 16 Oct 2009 20:26:03 +0200

Pfizer has completed its takeover of rival Wyeth making the world's largest drugmaker even bigger. US and Canadian competition regulators…

Sony Ericsson losses not as bad as feared

Fri, 16 Oct 2009 20:26:03 +0200

Mobile phone maker Sony Ericsson has posted a smaller than expected quarterly loss thanks to big cost cuts. But the joint venture between…

Mattel's sales decline

Fri, 16 Oct 2009 20:26:04 +0200

Tough times continue in the toy world. Mattel, the world's biggest toymaker,said its latest quarterly profit declined as recession hit…

Renault under pressure to help AvtoVAZ

Thu, 15 Oct 2009 20:32:07 +0200

The Russian government is increasing pressure on Renault to help debt-laden carmaker AvtoVAZ. The French company has a 25 percent stake in…

Opel sale imminent

Thu, 15 Oct 2009 20:32:07 +0200

After months of delays, US carmaker General Motors is reportedly very close to signing a deal to sell a majority stake in its European arm to…

Surprise loss by Nokia

Thu, 15 Oct 2009 20:32:07 +0200

Nokia, the world's number one mobile phone maker, said it made a loss for the quarter from July to September, the first time that has happened since…

Tamiflu boosts Roche's sales

Thu, 15 Oct 2009 20:32:07 +0200

Swiss pharmaceutical company Roche enjoyed an almost 10 percent rise in third-quarter sales thanks to better than expected demand for Tamiflu which…