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EUROPEAN BUSINESS NEWS

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EUROPEAN BUSINESS NEWS:  WALL SREET JOURNAL COVERAGE

 


RSS Feed: http://online.wsj.com/xml/rss/3_7012.xml

WSJ.com: What's News Europe
What's News Europe
1. Hollande, Sarkozy Square Off
French voters took to the polls to select their next president, in a closely watched election that could influence the euro zone's response to its protracted sovereign-debt crisis.
2. Anti-Putin Protest Grips Moscow
Tens of thousands of protestors marched in Moscow on Sunday chanting, "Russia without Putin," on the eve of Vladimir Putin's inauguration for a third term as president.
3. Labour Gains in U.K. Local Elections
British Prime Minister David Cameron's Conservative Party suffered heavy losses in local elections around the country, adding pressure on a coalition government that has had a series of policy mishaps over the past month.
4. Ad Steps Into Falklands Dispute
A nationalistic television ad on the disputed Falkland Islands by the Argentine office of Y&R Advertising has triggered a diplomatic flap and prompted a sharp condemnation from the agency's corporate parent.
5. Banks, Insurers Await Pay Row
Executives at several European banks and insurers will be watching anxiously for signs of investor discontent at upcoming annual meetings, as a wave of "no" votes on pay gathers momentum in the financial-services sector.
6. German Party Seeks Comeback
State elections in Germany this month will be an early test of whether Chancellor Angela Merkel's center-right coalition can survive in office beyond 2013.
7. Greeks Fear Instability After Election
Greece's election is expected to usher in such political instability that officials from the country's major parties are planning another possible election within months.
8. Swiss Re Reflects Rebound
A protracted dry spell appears to be coming to an end for the reinsurance industry, after Swiss Re and a German rival said they were able to push through price increases and attract new business during the first quarter.
9. Jailed Ukraine Leader to Seek Treatment
Ailing ex-Prime Minister Yulia Tymoshenko tentatively agreed to have her back condition treated at a local hospital, a step that will ease tensions with European officials who consider her a political prisoner.
10. Draghi Puts Onus on Politicians
The ECB resisted pressure to shore up Europe's flagging economy with more rate cuts and easy lending, saying it is up to governments to foster growth through "decisive" overhauls.
11. French Discontent Imperils Sarkozy
Nicolas Sarkozy, lagging behind François Hollande in polls, could join the long list of leaders swept aside by Europe's crisis or by unpopular austerity measures.
12. EU, Russia Loom Over Serbian Polls
Serbia's national elections are turning into a referendum on the country's future, with voters asked to choose between a strategy of ever-deeper ties with the EU or a policy of forging closer relations with Russia.
13. Euro-Zone Picture Darkens
Private sector economic activity in the euro-zone declined at a faster pace than expected in April, according to surveys of purchasing managers at manufacturers and service providers.
14. Frenchman Dies After Attack in India
Police say a French citizen has died a week after being beaten unconscious on a train in northern India, allegedly by a conductor.
15. Air France-KLM's Fuel Bill to Weigh on Results
Air France-KLM warned that an expected rise in fuel costs will continue to pressure earnings and offset a rebound in passenger traffic, as the airline reported a better-than-expected first-quarter net loss, unchanged from a year earlier.
16. Moscow Warns on Europe Missile Plan
Russia's defense establishment rolled out computer-generated images of hypothetical warfare to illustrate its fear of a planned Europe-based missile-defense shield and warned of a possible a pre-emptive strike on elements of the system.
17. Aviva Shareholders Revolt
Investors in U.K. insurer Aviva rejected its pay report, only the fourth time that has happened to a FTSE 100 company. At a separate shareholder meeting, a sizable minority opposed UBS's pay plan.
18. EU Bank-Capital Rules Clearer
The shape of future rules on bank capital and liquidity requirements in the European Union became clearer after a marathon meeting of the bloc's finance ministers—though a final agreement eluded them.
19. Chinese Food Company Eats Weetabix
Bright Food Group of China agreed to acquire a majority stake in U.K.-based cereal maker Weetabix in a deal that shifts an iconic British breakfast brand to a state-owned Chinese business.
20. U.K. Economy Losing Momentum
The U.K.'s dominant services sector grew at the slowest rate in five months in April, reflecting other data published this week that suggest the economy continued to lose momentum at the start of the second quarter.
21. SocGen Hit by Restructuring
Société Générale said that first-quarter earnings at its investment bank rebounded from the tough previous quarter but fell from the year-earlier period, pressured by a restructuring plan.
22. European Bank Stocks Fall
European bank stocks fell after ECB President Draghi offered no hints of further monetary easing for the troubled euro zone.
23. Renault-Nissan Buy Into Russia's Aged Auto Giant
Renault and Nissan agreed to spend $750 million combined to acquire a controlling stake in OAO AvtoVAZ, the struggling Russian auto giant, in a bet the country's economic growth will allow them to leapfrog rivals.
24. GM Revival Slows Down
General Motors posted a lackluster first quarter, showing some improved profitability but weakness overseas and continued losses to rival Ford Motor in North America, its strongest market.
25. BMW, Porsche Rev Up Profits
BMW and Porsche's sports-car unit reported robust profit gains in the first quarter from a year ago, reassuring investors that rising costs are so far doing little to offset the impact of strong global demand for luxury cars.
26. Hermès Sales Rise on Asia Demand
Hermès reported a double-digit increase in first-quarter sales on brisk demand in Asia, but said growth will likely be slower this year.
27. European Airline Crisis Deepens
Lufthansa said it would cut 3,500 jobs and SAS posted a wider loss as high fuel prices, rising taxes and slack growth continued to take their toll. Small Danish airline Cimber was declared bankrupt.
28. France Telecom Caught in Price War
A telephone price war amid a sputtering economy is shaking the French telecommunications market, squeezing earnings at market leader France Telecom and also pushing smaller rivals to adjust their strategies.
29. Raising the Opera Curtain
From seeing a statue of Apollo close-up to walking through secret passageways, a behind the scenes tour of Paris's Palais Garnier, ahead of the European Opera Days festival May 12, when parts of the opera house will be on view to the public.
30. The Playboy Patron of Pop Art
Pieces from the formidable art and design collection of 20th-century golden boy Gunther Sachs will be auctioned at Sotheby's in London, with major works by Andy Warhol leading the sale.
31. Marc Jacobs: Intelligent Design
The Louis Vuitton designer on craftsmanship, the meaning of sexy and why fashion is about a journey he wants to take you on.

 

 

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EUROPEAN BUSINESS NEWS:  TOP FINANCIAL STORIES

 


RSS Feed: http://p.feeddirect.com/page?c=European%20business%20news&o=rss002&wiz=2390245

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EUROPEAN BUSINESS NEWS:  FINANCIAL TIMES OF LONDON COVERAGE

 


RSS Feed: http://www.ft.com/rss/home/europe

Financial Times - Europe homepage
Financial Times - Europe homepage
1. Strong showing for Greek far left
Exit polls shortly after the polls closed indicate strong gains for Syriza, a radical leftwing party that rejects the bailout programme
2. France votes in presidential election
Voters choose between a socialist promising higher taxes or a centre-right incumbent vowing lower social charges and spending cuts
3. Schäuble backs wage rises for Germans
‘Europe and the G20 are relying on us remaining an engine of growth’ finance minster tells magazine. ‘Wage increases ... reduce imbalances within Europe’
4. Chancellor promises focus on UK economy
George Osborne has promised a “100 per cent focus” on sorting out the economy following his party’s poor showing in last week’s local elections
5. Obama launches re-election campaign
Ohio speech marks the start of a campaign that will criss-cross the nation until election day in November
6. Buffett frets over health of Europe’s banks
For the first time, analysts mingle with the thousands of shareholders at the annual Berkshire meeting
7. Pharma rushes to avoid falling off ‘patent cliff’
Industry is seeing a flurry of licensing deals and acquisitions as companies try to offset a raft of looming patent expiries
8. Netanyahu expected to call early election
Israel’s leader is expected to call an early election in an attempt after strong recent polls and to secure a mandate as conflict looms with Iran
9. Bahrain arrests human rights leader
Nabeel Rajab of the Bahrain Centre for Human Rights has been arrested and could join the centre’s co-founder Abdulhadi al-Khawaja in prison
10. Egypt’s transition confuses and frustrates
The drafting of the new constitution is deadlocked, parliament was shut last week, and the military council-appointed government is paralysed


 

 

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EUROPEAN BUSINESS NEWS:  FINANCIAL TIMES COVERAGE OF THE U.K.

 


RSS Feed: http://www.ft.com/rss/world/uk/business

Financial Times
Financial Times
1. Hutchison in €2bn offer for Eircom
The Hong Kong conglomerate’s Irish unit submits a fresh bid without conditions for the Irish phone company but subject to due diligence
2. Boards wake up to a shareholder spring
Breakdown in talks with several boards that institutions accuse of rewarding executives for anaemic performance with multimillion-pound bonuses
3. How the PM can steer out of stormy waters
David Cameron has to draw up a coherent strategy, explain it to colleagues and then restructure in a resolute manner, writes Luke Johnson
4. Rolls-Royce forecasts year of growth
Group copes better than rivals with squeeze on defence budgets and is buoyed by series of contract wins
5. Private buyers return to UK car market
New car registrations rise a better than forecast 3.3% in April due to a ‘steady increase in consumer confidence’, according to the industry group SMMT
6. House prices take sharp fall, says Halifax
April data confirm softer tone in UK housing market after a high volume of sales in the first quarter attributed to the tax holiday for first-time buyers
7. Commercial property recession hurts banks
Average value of offices, shops and industrial warehouses has fallen for a second consecutive quarter, underscoring the impact of the eurozone crisis
8. Labour incredulous at timing of King criticism
Bank governor endorses George Osborne on day when voters across the country go to polls
9. Boom left low-income groups in debt for ever
The National Institute for Economic and Social Research found that income inequality between the top and lowest quintiles has increased sharply since the 1980s
10. Birmingham banks on mayor to spur revival
Birmingham is one of 10 English cities holding referendums on whether to adopt London’s leadership model and polls indicate it is likely to vote Yes
11. US businessman is preferred Rangers bidder
Administrators say Bill Miller would retain Rangers FC plc and shelter the business and assets of the club in a newly created company
12. Heathrow passport control misses target
Immigration officials at Heathrow missed their performance target in April for dealing with passengers who live outside the EU
13. Recruitment Diary: May 3 2012
Debate on redundancy says poor recruiting is partly to blame
14. Nationwide reports 0.2% fall in house prices
Nationwide registers the fourth monthly decline inprices as the UK housing market languishes amid squeezed wages and strict lending criteria
15. London universities seek leaders
University College London and Imperial College, two of Europe’s biggest and most important research universities, are looking for vice-chancellors
16. Academics warn of £1bn superfast shortfall
The London School of Economics says the government’s aim to provide the best internet infrastructure in Europe faces a broadband funding gap
17. Bad managers seen as threat to growth
Many do not realise how bad they are at managing people, says a report warning that poor leadership skills could hold back the economy
18. UK in furious rejection of EU bank plan
Britain’s poisonous relations with Brussels erupted as George Osborne refused to defend watered-down EU bank rules that would make him ‘look like an idiot’
19. Rising cost of bank funds curtails business lending
Data from the Bank of England showed that lending to private, non-financial companies fell £1.7bn in March
20. Olympics chief calls for Heathrow fix
Head of London’s Olympic committee calls for a permanent fix to the chaos that has engulfed airport, rather than temporary measures to appease the flood of visitors


 

 

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EUROPEAN BUSINESS NEWS:  FINANCIAL TIMES COVERAGE OF FRANCE

 


RSS Feed: http://www.ft.com/rss/france

Financial Times - Europe
Financial Times
1. Strong showing for Greek far left
Exit polls shortly after the polls closed indicate strong gains for Syriza, a radical leftwing party that rejects the bailout programme
2. Schäuble backs wage rises for Germans
‘Europe and the G20 are relying on us remaining an engine of growth’ finance minster tells magazine. ‘Wage increases ... reduce imbalances within Europe’
3. France votes in presidential election
Voters choose between a socialist promising higher taxes or a centre-right incumbent vowing lower social charges and spending cuts
4. Latvia: what goes up
Standard & Poor’s decision to raise its rating was a welcome reminder that such assessments can still move in two directions
5. Brussels signals easing of fiscal rules
Rehn calls for additional spending for large-scale infrastructure projects, arguing there is not sufficient private-sector demand to create jobs
6. Former Cern scientist jailed over terror plot
Nuclear physicist found guilty of providing logistical advice to militant for al-Qaeda, using encrypted messages sent via the internet
7. Cohesion of French left set to reap dividends
A striking feature about conversations with many French voters is how often discussions about Mr Hollande turn into a litany of complaints about Mr Sarkozy
8. Gallic expats find home comforts in London
Access to all things French, together with the UK’s business culture, have attracted an influx of cross-Channel neighbours
9. Hutchison in €2bn offer for Eircom
The Hong Kong conglomerate’s Irish unit submits a fresh bid without conditions for the Irish phone company but subject to due diligence
10. Sarkozy’s strange reluctance to play crisis card
Supporters cannot bear to contemplate defeat of president and put their faith in ‘silent majority’ to turn up at the ballot box on Sunday
11. A pact for growth is vital for Europe
The real question is not who wins in these two countries, but how to get the continent growing again
12. My father’s message to Putin from a prison camp
It takes a remarkable leader to understand when to walk in step with the times. Vladimir Putin is not that man, writes Pavel Khodorkovsky
13. Hollande and Sarkozy make final pitch
The latest opinion poll ahead of France’s Sunday election put François Hollande on 52% of the vote, and Nicolas Sarkozy on 48%
14. Greeks concerned as far-right party gains ground
Greece has seen support for marginal groups rise sharply, with opinion polls showing voters intend to punish the mainstream conservative and socialist parties
15. Wealthy French eye move across the Channel
The ‘soak the rich’ rhetoric in the presidential election has prompted a sharp rise in the numbers weighing a move to London
16. British Institutions: London Underground
The Tube is more confident now than at any time in memory. What is going on? Matthew Engel investigates
17. Germany urged to pay more on defence
The House of Lords EU committee wants the bloc to spend more on its armed forces, saying the US focus on Asia-Pacific should act as a ‘wake-up call’
18. Hollande warns supporters of task ahead
The socialist candidate warned a crowd of thousands in Toulouse against complacency and said fixing France’s financial woes would not be easy
19. Italians expected to deliver protest vote
Local elections, the first polls since Mario Monti took over, have Italian officials worried that parties supporting him could suffer serious setbacks
20. Mandelson to call for referendum on EU
Lord Mandelson to argue that once the eurozone’s structural flaws are fixed, Britain will be excluded from a tighter economic union

 

 

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EUROPEAN BUSINESS NEWS:  FINANCIAL TIMES COVERAGE OF GERMANY

 


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EUROPEAN BUSINESS NEWS:  FINANCIAL TIMES COVERAGE OF RUSSIA

 


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