europe news

Vedanta profits soar 83 per cent

London-listed mining group Vedanta Resources has reported an 83 per cent jump in its first-half profits, aided by higher metals prices.
Vedanta profits soar 83 per cent

Cable&Wireless Worldwide wins £10 million government contract

Cable&Wireless Worldwide (CWW) has won a £10.3 million contract with the UK’s Department for International Development (DFID).
Cable&Wireless Worldwide wins £10 million government contract

Vodafone to sell Softbank interests for £3.1 billion

UK mobile telecoms giant Vodafone has continued with its drive to sell off minority assets, with the sale of its stake in Japanese telecoms group Softbank for £3.1 billion.
Vodafone to sell Softbank interests for £3.1 billion

CarrÔÇÖs Milling reports profits rise

Carr’s Milling, the UK-based animal feed and agricultural machinery group, has reported a strong growth in profits during the year ending August 2010.
CarrÔÇÖs Milling reports profits rise

E.ON in talks to sell UK electricity distribution network

Germany’s E.ON is in talks to sell its UK electricity distribution network for between £3.5 billion and £4 billion.
E.ON in talks to sell UK electricity distribution network

Pirelli reveals growth plans

Italian tyre maker Pirelli has announced plans to invest €1.9 billion over the next five years in its core tyre business, with a focus on its premium range as well as emerging m
Pirelli reveals growth plans

Piaggio to launch new city car

Italian automaker Piaggio, the maker of Vespa scooters, is planning to launch an eco-friendly mini-car in India that will rival the Tata Nano.
Piaggio to launch new city car

Xstrata ups offer for Sphere

Anglo Swiss mining giant Xstrata has raised its cash offer to buy Australia’s Sphere Minerals by 20 per cent to A$514 million (approximately €365 million).
Xstrata ups offer for Sphere

BG Group approves ÔÇ£milestoneÔÇØ investment

The UK’s BG Group has approved its biggest ever investment, a £9.3 billion liquefied natural gas (LNG) development in north-east Australia.
BG Group approves ÔÇ£milestoneÔÇØ investment

Kulczyk Holding selected for Enea stake

Poland’s Kulczyk Holding has been selected for exclusive talks to buy the state’s 51 per cent in Enea, the country’s third largest power generator.
Kulczyk Holding selected for Enea stake

Shell profits up in third quarter

Oil giant Royal Dutch Shell has posted a 6.5 per cent rise in third quarter net profits on the back of higher oil and gas prices.
Shell profits up in third quarter

Profits rise 48 per cent at ArcelorMittal

ArcelorMittal, the world's biggest steel company, has reported a profits rise of 48 per cent in the three months to the end of September compared with the same period a year ear
Profits rise 48 per cent at ArcelorMittal

IMI to acquire Zimmermann & Jansen

Birmingham, UK-based engineering group IMI is to spend €135 million (£120 million) to acquire German industrial valve maker Zimmermann & Jansen.
IMI to acquire Zimmermann & Jansen

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