Closing Bell: Europe Markets

Fresh delays for A380

Reuters — Tue, 13 May 2008 16:35:48 +0000

European planemaker Airbus announces a three-month delay in delivery of its A380 superjumbo to Air France-KLM.

HSBC posts mixed results

Reuters — Mon, 12 May 2008 16:32:25 +0000

Europe's biggest bank: Q1 profits up from a year ago with Asian growth helping counter $5 billlion in bad debts and writedowns.

Financials and oil weigh on market

Reuters — Fri, 09 May 2008 16:05:10 +0000

Dresdner announces further writedowns putting pressure on parent Allianz to split it up

Best Buy enters Europe with Carphone

Reuters — Thu, 08 May 2008 16:52:38 +0000

U.S. electical goods retailer Best Buy seals Carphone Warehouse deal to take on the European market.

Total profits buoyed by record oil

Reuters — Wed, 07 May 2008 16:09:05 +0000

French oil major Total posted profits of $5 billion as record oil prices offset a fall in refining margins.

UBS axes jobs and sells assets

Reuters — Tue, 06 May 2008 16:46:08 +0000

Swiss-based UBS to cut 5,500 jobs and sell $15 billion portfolio of sub-prime mortgages to U.S. asset manager Blackrock.

Central banks inject liquidity

Reuters — Fri, 02 May 2008 16:38:31 +0000

Major central banks announced larger liquidity injections in a bid to wrestle down market interest rates and jointly tackle stubborn tensions on money markets.

BoE revises credit crunch losses

Reuters — Thu, 01 May 2008 16:24:03 +0000

BoE halved market forecasts of the financial fallout of the credit squeeze estimating actual losses could be closer to $170 billion.

Stocks boosted by U.S. biz data

Reuters — Wed, 30 Apr 2008 16:10:29 +0000

Despite sagging business sentiment in Europe, better than forecast U.S. data boosted European stocks ahead of the Fed rate decision.

HBOS in $7.9 bln rights issue

Reuters — Tue, 29 Apr 2008 16:27:49 +0000

Britain's biggest mortgage lender asks its shareholders for $7.9 billion and cuts dividend as it grapples with toxic assets