Spain's Banks Get Vocal Support But What They Really Need is Capital
Spain's Economy Minister shoots-down calls for Spanish banks to be bailed out, despite the country’s banking industry teetering on the brink of collapse
Formula One Gets Greenlight for $3 Billion Flotation
Media sources say that motor racing giant Formula One has gained approval for an initial public offering worth nearly $3bn on Singapore's stock exchange
Ryanair Shares Fall Sharply as High Fuel Costs Hit Profits
Budget airline Ryanair warns of a future decline in profits on higher fuel costs, despite beating forecasts with a 2012 profit surge.
Too Little, Too Late: Aviva CEO Andrew Moss Steps Down Despite Improved Results
After Andrew Moss stepped down as CEO of UK insurer Aviva, IBTimes UK asks why they didn't grant him a pay rise in light of recent excellent results
Airlines Hedge Less Than Half of Fuel Costs Against Price Rises
Latest report reveals that a majority of airlines only implement hedging procedures for 21% – 40% of its total fuel for a year, in a bid to guard against rising oil prices.
Carlos Slim's America Movil Offers €2.6bn For KPN Stake, Shares Surge
World's richest man Carlos Slim tries to expand his empire mobile by making a monster bid for troubled Dutch telecom KPN
Airline Fuel Hedging Fails to Help Carriers Slow Soaring Costs
Franco-Dutch airline is the third aviation company this week to report losses stemming from rising fuel costs
HMV Stocks Soar As It Predicts Future Profit Recovery
Shares in HMV rocket, despite the UK retailer posting a decline in profits and sales, after the group pledges a return to profit for 2012 and 2013.
BNP Paribas Shares Dip After First Quarter Profits Release
BNP Paribas reports first quarter profit rise following its stake in Klepierre sale and a a rebound in fixed-income trading revenue.
Aviva Shareholders Revolt Against Executive Pay Packages
Shareholders at British insurer Aviva and Trinity Mirror are the latest in a line of stockholders that vehemently oppose high executive compensation packages
Big Boost for Obama as Economists Predict Unemployment to Fall Below 8% By US Election Day
AP-conducted poll shows economists forecasting US jobs recovery that will boost President Barack Obama's prospects in November's presidential race.
Lufthansa To Axe 3,500 jobs Amid Turbulent Times
Germany's largest airline announces a headcount cull in order to reduce costs and return to profitability, despite a rise in revenue in Q1 2012.
France Telecom Profit Falls Following Tough Competition
The former state-owned monopoly says the future is still bright, despite unveiling a decline in profits, operating margins and net clients, following tough competition from new French mobile operator Iliad.
Diageo Sales Boosted By US and Emerging Markets as Europe Slows
The world's largest spirit maker reveals that emerging markets growth and a recovery in North America sales helped offset falling sales in Europe
UBS Turns a Corner: Future Looks Bright for Swiss Bank
Brighter times lay ahead for the Swiss bank as it continues to shrug off investment banking risk management woes and reclaim investor confidence in the most successful parts of its business, after shares soar on stellar wealth management results for the second quarter in a row.
Standard Chartered Posts Ninth Straight Year Of Record Earnings
Standard Chartered unveils another quarter of income growth, following increased consumer and wholesale banking operations and double digit income growth in Hong Kong, China, Malaysia and Indonesia.
Moody's: Olympics Unlikely to Provide Substantial Boost to UK Economy
A new report from the ratings agency Moody's reveals that the London 2012 Summer Olympic and Paralympic games are unlikely to provide a long term boost to corporates and the UK economy.
BP Profits Fall on Lower Production Following Gulf of Mexico Oil Spill
Lower production following the Gulf of Mexico oil spill pulls down profits despite the rise in oil prices over the last year
UK Businesses Look Abroad To Sue Banks Over Mis-Sold Derivatives
As Barclays' CEO Bob Diamond admits to "mistakes" linked to swap sales, a German law firm with a winning track record in mis-selling cases is courting UK clients
Britain on the Breadline: Middle Class, Hungry and Homeless
Increasingly squeezed middle-class Britain turns to 'foodbanks' as unemployment rises, access to benefits tightens and debt slips out of control.
Anheuser-Busch InBev Profits Surge on Higher US Beer Sales
World's largest beermaker posts core profit boost on higher US beer sales and cites Brazil as future sales driver
Adidas Shares Surge after Solid Earnings, Bullish Outlook
Adidas ups outlook on stronger sales in Asia and "exceptional" growth overall, despite an India probe into "commercial irregularities"
Tottenham Court Road Bomb Scare Siege: Witness Says Ambulance at Scene
Eyewitness from Tottenham Court Road office block says that up to ten ambulances arrive at alleged bomb scare siege as police shut Warren Street tube station.
BASF Profits Energised by Oil and Gas Unit
Germany's BASF's oil and gas unit buoys up profits, after the chemicals business disappoints
Daimler Drives Away with Surprise Profit Gain on Record Car Sales
Shares rise as German automotive group's financial services business boosts stronger than expected earnings
Deutsche Bank Profits Disappoint as Sovereign Debt Crisis Hits Bottom Line
The German investment bank's profit falls well-below analyst expectations, after being hit by litigation and impairment charges.
Logitech Shares Rocket After 9-Fold Jump in Q4 2011 Profit
World's largest computer mouse maker Logitech beats estimates in the fourth quarter 2011 company earnings
Unilever Shares Surge as Sales Beat Forecast On Emerging Market Growth
Consumer group giant cautious on full year outlook as input costs rise, growth slows.





