europe news

Ferrovial to sell 10 per cent stake in BAA

Spain’s Ferrovial plans to sell a 10 per cent stake in BAA, the owner of London’s Heathrow airport, to pay off debt and fund other projects.
Ferrovial to sell 10 per cent stake in BAA

Xstrata approves R4.9 billion ferrochrome expansion

Mining giant Xstrata has said it will spend R4.9 billion (€510 million) to boost capacity of ferrochrome production and cut costs with a more energy-efficient smelter in South A
Xstrata approves R4.9 billion ferrochrome expansion

Max Petroleum announces Kazakh oil find

UK oil explorer Max Petroleum has announced the discovery of a zone of oil in a well in Kazakhstan, sending its shares soaring.
Max Petroleum announces Kazakh oil find

Joint venture formed to develop City skyscraper

Land Securities and Canary Wharf Group have agreed a £500 million joint venture to develop London’s next large skyscraper.
Joint venture formed to develop City skyscraper

Allianz to make Channel Tunnel bid

The German insurance giant Allianz is set to make a £2 billion bid for the Channel Tunnel rail link, it has been reported.
Allianz to make Channel Tunnel bid

Sirius announces Nigeria acquisition

London-based Sirius Petroleum has entered a conditional agreement to purchase a 40 per cent participating interest in Nigeria’s Ke oil field and the surrounding Ke farmout area.
Sirius announces Nigeria acquisition

BAA forced to sell airports

UK airport operator BAA will have to sell two of its airports after the Court of Appeal rejected its claim of regulatory bias during an investigation by the Competition Commissi
BAA forced to sell airports

Shell donates $25 million to MIT Energy Initiative

Global energy giant Royal Dutch Shell is to give the Massachusetts Institute of Technology (MIT) $25 million to research and develop high value, sustainable technologies to driv
Shell donates $25 million to MIT Energy Initiative

Wood Group wins £100 million power contract

Aberdeen-based energy services company John Wood Group has won a £100 million power station contract in California.
Wood Group wins £100 million power contract

Poland shortlisting Enea bidders

The Czech Republic's Energeticky a Prymuslovy Holding (EPH) and France's GdF Suez are said to have made the shortlist for a 51 per cent stake in Poland's Enea.
Poland shortlisting Enea bidders

Eurostar awards £700 million train contract

Eurostar International has announced the award of a £700 million contract for 10 new trains to German manufacturer Siemens.
Eurostar awards £700 million train contract

BP signs deal in Azerbaijan

Bob Dudley, the new chief executive of UK oil giant BP, has signed a deal to develop a major natural gas field in Azerbaijan.
BP signs deal in Azerbaijan

International growth drives higher Tesco profits

Strong international trading in the second quarter of this year has helped to boost half-year profits at UK supermarket giant Tesco.
International growth drives higher Tesco profits

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