europe news

Iberdrola to buy BrazilÔÇÖs Elektro

Spain’s biggest power utility, Iberdrola, is set to acquire Brazil’s Elektro for €2.4 billion in a move designed to expand its presence in growing markets.
Iberdrola to buy BrazilÔÇÖs Elektro

Meggitt to acquire PSA for £428 million

Meggitt, the UK engineering group, has announced it is to buy US-based Pacific Scientific Aerospace (PSA) in a deal worth $685 million (£428 million).
Meggitt to acquire PSA for £428 million

New survey results on global coatings market

The global market for coatings is forecast to reach almost $100 billion by 2015, according to research by Global Industry Analysts, Inc. (GIA).
New survey results on global coatings market

UK and Cuba sign biomass deal

The UK and Cuba have formed a joint venture to build biomass power plants adjacent to sugar mills, it has been announced.
UK and Cuba sign biomass deal

Amazon to create Scottish jobs

Online retail giant Amazon is to create 950 new jobs across two sites in Scotland, it has been announced.
Amazon to create Scottish jobs

Joint venture for IrelandÔÇÖs first tidal farm announced

Bord Gais Energy is to invest €2 million in OpenHydro, an Irish tidal renewable energy firm, in a joint venture to develop a large-scale tidal farm off the coast of Ireland.
Joint venture for IrelandÔÇÖs first tidal farm announced

Airbus wins record order from India

Airbus has won a large order from the Indian budget airline IndiGo for 180 of its A320 jets.
Airbus wins record order from India

Chinese deal secures Grangemouth future

The operator of Scotland’s Grangemouth oil refinery has struck a deal with PetroChina, China's largest oil and gas producer, to safeguard the future of the facility.
Chinese deal secures Grangemouth future

Xstrata could be close to acquiring Drummond

Anglo-Swiss mining giant Xstrata is said to be close to acquiring Drummond, Colombia’s second biggest coal miner, according to a report in UK newspaper the Sunday Times
Xstrata could be close to acquiring Drummond

Shell to drill New Zealand well

Royal Dutch Shell is to begin drilling an exploration well off the New Zealand coast that could extend the life of the Maui gas field.
Shell to drill New Zealand well

Costain makes revised Mouchel bid

UK construction firm Costain has increased its all-share offer for the business services group Mouchel, valuing it at around £150 million.
Costain makes revised Mouchel bid

ACS acquires more than 30 per cent of Hochtief

Spanish construction company ACS has gained a key stake in rival Hochtief, after it announced it now holds more than 30 per cent of shares in the German group.
ACS acquires more than 30 per cent of Hochtief

Iraq gives Shell green light to build dock

Iraq has given the go-ahead for Royal Dutch Shell to build a dock in the Shatt al-Arab waterway, to help move heavy equipment to the Majnoon oilfield.
Iraq gives Shell green light to build dock

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