Reuters Europe: Closing Bell Audio Podcast

Business Update: Kraft turns hostile

Reuters — 9 Nov 2009 14:21:00 +0000

The bid for British confectioner Cadbury continues after Kraft makes a formal offer but fails to increase its original valuation.

Business Update: BA losses

Reuters — 6 Nov 2009 16:31:08 +0000

Climate treaty unlikely this year concludes Barcelona environment talks as British Finance Minister warns against lifting special economic measures as recovery still fragile.

Business Update: GM slashing jobs

Reuters — 5 Nov 2009 14:31:25 +0000

GM is to slash 10,000 jobs across Europe as it restructures Opel and Vauxhall. The Bank of England extends its quantitative easing programme as the ECB leaves interest rates unchanged.

Business Update: SocGen Q3 profits

Reuters — 4 Nov 2009 15:35:27 +0000

Societe Generale reported a Q3 profit of 426 million euros falling short of forecasts.

Business Update: UK bank shake-up

Reuters — 3 Nov 2009 16:23:45 +0000

Lloyds and RBS raise new capital and agree to sell of businesses in the latest shake up of the UK banking system; UBS suffers fourth straight quarterly loss; EC predicts Europe's economy will rebound next year and accelerate in 2011.

Business Update: EU gas warning

Reuters — 2 Nov 2009 14:02:59 +0000

Russia issues a new gas warning to Europe after Ukraine signals payment problems. Uk to create three new High Street banks. Ryanair issues warning to Boeing over new aircraft order. Ailing American lender CIT Group has filed for bankruptcy protection

Business update: Mercedes invests

Reuters — 30 Oct 2009 15:19:05 +0000

German carmaker begins work on new Hungary plant, creating 2,500 jobs

Business Update: Shell profits slump

Reuters — 29 Oct 2009 14:25:02 +0000

EU leaders meeting in Brussels are urged to resolve the deadlock over funding climate change ahead of the Copenhagen conference in December. Shell reports sharp drop in Q3 profit as Deutsche Bank triples net profit.

Business Update: EU backs bank split

Reuters — 28 Oct 2009 15:35:53 +0000

European Union gives green light to Northern Rock split. German business software specialists SAP trims 2009 software sales outlook. Steel giant ArcelorMittal returns to profit.

Business Update: BP Q3 profit halves

Reuters — 27 Oct 2009 16:54:58 +0000

Oil company BP's third quarter profits more than halved what they were last year. But results exceeded analyst's expectations.

Business Update: Germany confident

Reuters — 25 Sep 2009 15:53:50 +0100

Germany's forward-looking GfK consumer confidence indicator has hit a 16-month high.

Business Update: Opel job cuts

Reuters — 23 Sep 2009 16:43:16 +0100

There may be up to 11,000 job losses with Opel, as Canadian-Austrian parts-maker Magna attempts to restructure the carmaker across its European plants.

Business Update: Santander IPO

Reuters — 22 Sep 2009 16:38:44 +0100

Spain's largest bank Santander is seeking to raise up to 8.6 billion U.S. dollars with an initial public offering of its Brazilian unit.

Business Update: RBS share issue

Reuters — 21 Sep 2009 15:22:43 +0100

The Royal Bank of Scotland is considering a new share issue in an effort to raise 3-4 billion pounds of new equity and limit the government's stake.

Business Update: Bank bonuses

Reuters — 18 Sep 2009 15:55:54 +0100

Europe's leaders agree preliminary rules to rein in banks' bonuses ahead of the G20 summit next week.

Business Update: Geely eyes Opal

Reuters — 17 Sep 2009 15:37:15 +0100

Geely, Magna hold talks over possible alliance that could involve a production partnership and a possible stake.

Business Update: new hedge fund

Reuters — 16 Sep 2009 15:55:25 +0100

Dozens of leading bankers at Societe Generale have left to set up a new hedge fund.

Business Update: Banks' living wills

Reuters — 15 Sep 2009 15:26:32 +0100

Britain's banks are to be forced to make 'living wills' that explain how they will wind themselves up the event of bankruptcy.

Business Update: Eurozone recovery?

Reuters — 14 Sep 2009 15:13:19 +0100

The Eurozone is 'exiting recession' and will return to growth this quarter, says the European Commission.

Business Update: EU targets bonuses

Reuters — 11 Sep 2009 15:43:30 +0100

The European Union will review how bonuses are paid at banks which received state aid after the financial crisis.