COMPANIES

Ferrovial to strengthen presence in the UK by expanding into energy and water services

Flash Eurozone PMI suggests region may be in recession for longer than anticipated

Axa is planning additional cost-cutting measures as the French insurer posts marginal decline in annual profit.

Europe's largest defence contractor's share price leads the FTSE 100 in trading, despite posting a 6% slump in profits

BSkyB and Disney agree to extend a deal that will give the UK pay-TV provider first-run rights to newest Disney films.

Qantas receives A$125m compensation from Boeing for cancellation of 787 Dreamliners.

Air Asia plans to partner with India's Tata Sons and Telestra Tradeplace to launch a new airline in the country.

US judge ruled that BP recovered 810,000 barrels of oil and should therefore be excluded from certain penalties

France's third largest bank posts its worst loss since it went public in 2001

Kloppers becomes the fourth major mining executive to leave within the past six months.

While the public see bankers' bonuses as excessive and unfair, capping the amount could lead to significant trouble in the future

Switzerland to go for referendum on future of huge payouts to executives.

UK regulator fines three Lloyds Group Banking units for systems and controls failures in providing customers compensation

Pendragon's pre-tax profit rises to £37.8m, with a 15 percent increase in car sales volume.

Tesco launches internal investigation and seeks police help on complaints of hacking Clubcard accounts.

European Union seeks to write into law a capped level for bankers' bonuses.

Prime minister does not rule out share giveaway in state-owned lender as bank prepares full-year results.

World's biggest hotel room provider launches 226 new hotels and two new brands as sales approach $2bn

Bridgestone reports robust business in 2012 due to resurgence in Japan's automotive sector.

China Vanke's overseas expansion shows the new trend among Chinese property firms as they look to overcome domestic limitations.

The widely recognised British brand aims to cash in on the lucrative Indian gold market.

Austerity policies and cuts in military expenditure contribute to lower arms sales on the back of global economic crisis .

Prime Minister also looks to secure defence contracts in India

Group led by Manches LLP to file for judicial review against UK regulator.

Osborne's RBS exit plan is aimed to boost the economy and please voters ahead of next general election.

Commerzbank announces 17.2 percent cut in variable pay for 2012 after posting weak 2012 results.

World's biggest platinum producer says shareholder loss hit $1.5bn after earlier writedown of Minas Rio project in Brazi.

Warren Buffett and 3G's Jorge Paulo Lemann are joining hands for the richest deal in the food industry.

Exclusive: Guto Bebb tells IBTimes UK about interest rate swap scandal and bank intimidation.