European Equties



Money, Economy, Finance, Fiscal Matters, Mutual Funds



BAE flying high as defence cutbacks look less ominous
Bid speculation helps London shares stay positive and to extend winning streak

Strong earnings drive Europe's carmakers
European equities had their biggest weekly gain for eight weeks as the region's carmakers led the way with a strong performance against the backdrop of improving sentiment from more positive global economic data

ABB chief plugs into the developing world
Joe Hogan, chief executive of the Swiss-Swedish electrical engineering group, assesses its differing markets, from US-Europe sluggishness to Asian exuberance

Tycoon moves closer to Karstadt takeover
German department store chain Karstadt is set to emerge from insolvency after investor Nicolas Berggruen struck a deal with the retailer's biggest landlord and a court approved the restructuring plan

Italian betting shop operator targets rival
Italy's €48bn gambling market could be poised for consolidation after Snai, the country's biggest betting shop operator, received a takeover approach from its rival Sisal

Roche to cut jobs after setbacks for drugs
Roche confirmed speculation about significant job cuts to tailor its spending to tougher market conditions, but said it would not give details until later this year

Swatch suit ratchets up UBS dispute
Swiss watchmaker files for SFr30m compensation from the country's biggest bank over an unspecified investment in a UBS absolute return fund made in 2009

Norske Skog calls for newsprint capacity cuts
The world's second-biggest newsprint producer warns that Europe risks falling behind North America in efforts to restructure its paper industry if more radical action is not taken

Lenders shunned on stress tests doubts
Leading UK and continental European companies eschewing banks from Spain, Italy and even Germany because they do not believe the Europe-wide assessments gave a true picture of their financial health

ECB lifts eurozone growth forecasts
The European Central Bank forecast that the eurozone would expand this year and in 2011 much more strongly than previously expected, ruling out a double dip back into recession

EADS rises as Paris reassures on A400M
European equities held levels attained during the previous session's strong advance on Thursday, with carmakers able to extend their recent strong run

Getco to hire head of NYSE Arca Europe
Virginie Saade is set to head sales for Getco Execution Services, a type of 'dark pool' share trading platform that the US-based market-making and high-frequency trading firm launched in June

Takeover talk raises Footsie's tone
C&W Worldwide led the London market higher as takeover speculation helped the FTSE 100 to its sharpest gain since early July

Banks, mining and energy groups lifted
European stocks soared on Wednesday as better data than forecast from the manufacturing sector in the US and China improved

Inditex puts Zara products online
Spanish retailer makes its second foray into web-based selling, giving Zara customers across Europe the opportunity to buy garments from the popular fashion brand online