Liberty plans to offer assets in Kabel bid
Liberty Global is structuring a bid for Germany’s largest cable group that offers assets instead of cash in the hope of overcoming regulatory opposition to its proposed €7.5bn putative bid…
Rise reported in competition for staff
Competition for skilled staff is reported as having increased, a survey of human resources managers has found, underlining fears that recruiting for some categories may become harder as the economy…
Qatar to invest €35m in Solarworld
Solarworld, a fallen star of Germany’s solar sector, could receive a €35m capital injection from Qatar as part of efforts to save the company following a global fall in the…
RHJI wins vote to stop break-up
RHJ International, the owner of Kleinwort Benson, one of the City’s oldest private investment banks, has seen off an activist campaign by hedge funds to oust management and break up…
Alcatel overhaul aims to cut €1bn costs
Alcatel-Lucent will reveal a restructuring plan to cut costs by €1bn and raise €1bn via asset sales to try to reverse the decline of the once mighty French-US telecoms equipment…
EADS leaves door open to BAE tie-up
The head of EADS on Tuesday insisted that the European aerospace and defence group was on course to almost double its profit margin by 2015, as he signalled that it…
A good day for Britain in Europe
After 30 excruciating months of negotiation, EU ambassadors have struck a preliminary deal over the Markets in Financial Instruments Directive (Mifid), a cornerstone in the regulation of financial markets. The…
Royalty Pharma abandons bid for Elan
Royalty Pharma has abandoned its hostile $8bn bid for Elan, leaving the future of the Irish pharmaceutical group unclear after its investors voted against the management’s own proposed acquisition strategy.…
Imtech eyes charges against ex-managers
Dutch infrastructure group Imtech is considering making a criminal complaint against some members of its former management in Germany and Poland after an internal investigation revealed fraud had cost the…
Russian coal miner plans London listing
A Russia coal miner plans a London market listing, in a test of investor sentiment towards natural resources companies. Sibanthracite said on Tuesday it would seek an initial public offering…
European car sales at lowest since 1993
New car sales in the European Union last month fell 5.9 per cent year-on-year to their lowest level for May since 1993, as demand for new vehicles continued to decline…
Danske Bank clashes with regulator
Danske Bank has become embroiled in a fierce dispute with Denmark’s financial regulator over the amount of capital it needs to hold in a clash that some analysts said raises…
Container shipping groups plan alliance
©Bloomberg The world’s three largest container shipping lines are planning to set up an operational alliance on three of the busiest trade routes, in a sign of the tough conditions…
Axa will lend €10bn for infrastructure
Axa plans to lend €10bn to infrastructure projects over the next five years, in a clear sign that insurance companies are rushing to fill the funding gap created by reluctant…
Investors urged to reject Exillon’s plans
Management at Exillon Energy face another battle to win investor support three months after facing down attempts by a dissident shareholder to oust board members of the London-listed Russian oil…