europe news

Vodafone sells stake in China Mobile

UK mobile phone giant Vodafone, the world's biggest mobile operator by revenue, has announced the sale of its 3.2 per cent stake in China Mobile for around £4.3 billion.
Vodafone sells stake in China Mobile

Shell to sell another refinery

Royal Dutch Shell is in exclusive talks with the Finnish fuel distributor St1 to sell the oil major's Swedish refinery, it has been announced.
Shell to sell another refinery

BP to revive Alaskan asset sale

UK oil giant BP has revived the sale of its Alaskan assets after failing to sell them to US oil and gas company Apache in July, according to a report in the Financial Times<
BP to revive Alaskan asset sale

Retailers bid for Carrefour assets

Retailers from Europe and Asia are in an auction battle for the south-east Asian assets of the French supermarket chain Carrefour.
Retailers bid for Carrefour assets

Afren posts strong results

Africa-focused oil company Afren has announced strong interim results on the back of higher oil prices, and looks set to double production this year.
Afren posts strong results

EnCore reports North Sea oil find

UK oil and gas explorer EnCore Oil has announced a new North Sea oil find at its Cladhan field.
EnCore reports North Sea oil find

Denman wins international power contract

Denman Instrumentation Ltd, based in Hull, England, has secured a major contract with French power engineering company Alstom on a €1 billion joint repowering and new constructi
Denman wins international power contract

Emerging markets boost Diageo

Diageo, the world's biggest drinks maker, has reported pre-tax profits of £2.24 billion in the year to the end of June—an increase of 12 per cent.
Emerging markets boost Diageo

Oil hopes for Cairn in Greenland

Edinburgh-based Cairn Energy has said it may have found oil in the untapped waters of western Greenland.
Oil hopes for Cairn in Greenland

Xstrata increases Africa presence

Mining giant Xstrata has agreed to acquire Australian iron ore developer Sphere Minerals for A$428 million (approx. €300 million), it has been announced.
Xstrata increases Africa presence

Telenor awards Ôé¼200 million contract

Chinese telecoms equipment maker ZTE has won a €200 million contract to build a mobile network for Telenor in Hungary, it has been announced.
Telenor awards Ôé¼200 million contract

Dana receives hostile bid from KNOC

Aberdeen-based exploration firm Dana Petroleum has received a £1.87 billion hostile takeover offer from South Korea's state-owned oil company KNOC.
Dana receives hostile bid from KNOC

InmarsatÔÇÖs LightSquared deal activated

UK satellite telecommunications company Inmarsat is to receive almost £218 million over the next 18 months from a co-operation agreement with US communications group LightSquare
InmarsatÔÇÖs LightSquared deal activated

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