More From Martin Baccardax
Santander Profits Plunge After €18.8bn Spanish Property Writedown
Spain's biggest lender sees profits fall by 59 percent as the country's housing market collapse hits hard.
Jan 31, 2013
Spain's Deficit Targets at Risk as Recession Deepens
Prime Minister Mariano Rajoy to unveil new stimulus measures but vows to stick to budget cut pledges.
Jan 30, 2013
Imperial Tobacco Profits Slow as Black Market Cigarette Trade Hits Sales
Shares fall in London after Europe's second-largest tobacco group says illicit trade hit key markets in Europe and Russia
Jan 30, 2013
BP to Pay Record $4bn Fine for Fatal Gulf Disaster after US Judge Accepts Guilty Plea
Record fine and five years' probation adds to multibillion cost for worst environmental disaster in US history.
Jan 29, 2013
RBS Shares Slump Amid Reports of Criminal Charges Linked to Libor
Shares fall the most in at least six months as Libor scandal nears its expensive conclusion for state-owned lender
Jan 29, 2013
ECB's Mario Draghi Meets Italy's Finance Minister as Role in Monte dei Paschi Scandal Questioned
European Central Bank President headed Bank of Italy when lender was said to have hid millions in derivative losses.
Jan 29, 2013
Anglo American Takes $4bn Writedown on Minas Rio Project in Brazil
World's largest platinum producer raises cost base at key Brazil mine for sixth time.
Jan 29, 2013
UK Stock Surge Continues as Pound Bears Brunt of 'Triple Dip' Concern
FTSE 100 passes 6,300 mark for the first time since May of 2008 as pound falls to 14-month low against the euro.
Jan 28, 2013
Italian Regulators Call Emergency Meeting Amid Growing Monte dei Paschi Scandal
The world's oldest bank is accused of hiding millions in losses as it made pleas for a €4bn state rescue that involves Italy's political elite
Jan 28, 2013
Iceland Cleared of Breaking Depositor Protection Rules in Landsbanki Collapse
European Free Trade Association Court Says Iceland's plan to gradually repay savers is within EU law.
Jan 28, 2013
Ryanair Lifts Profit Forecast as Passenger Numbers Rise
Europe's biggest discount carrier nears €1bn in quarterly revenue as three-month traffic passes 17m
Jan 28, 2013
European Shares Extend Gains as Investor Sentiment Builds Bullish Case
European banks repay nearly a third of emergency ECB loans after German business sentiment rises for a third consecutive month
Jan 25, 2013
UK Economy: A Three-Way Bet to Avoid a Triple Dip
David Cameron, George Osborne and Mervyn King have placed an all-in bet on Britain's economic future, says IBTimes Business Editor Martin Baccardax.
Jan 25, 2013
German Business Confidence Rises for Third Straight Month
Ifo's key Business Climate Index rises 2 points as prospects for Europe's largest economy improve.
Jan 25, 2013
UK Stocks Test 5 Year Highs on Vodafone Sale Talk, China Economic Data
European share gains limited as investors parse mixed economic data around the single currency area.
Jan 24, 2013
Germany's Comeback Highlights '3-Speed' Europe as Markit PMI Data Points to Deeper Recession
Record unemployment in Spain and three-year low for manufacturing in France indicate growing divergence in eurozone.
Jan 24, 2013
Cameron EU Referendum Pledge: Don't Be Sure of all this 'Uncertainty'
David Cameron's vision for Britain and Europe ignores how closely the economy ties both of their futures.
Jan 23, 2013
Unilever Shares Hit Record High After Profits Rise and Sales Pass €50bn
Emerging market sales now more than half of total revenues for second-largest consumer brands group
Jan 23, 2013
European Shares Dip After Bank of Japan Delay, EU Tax Proposal
Stock markets post modest declines as bond and currency traders prepare for David Cameron's key EU speech in London
Jan 22, 2013
Ocado Shares Surge After Group Names Former M&S Boss Stuart Rose Chairman [VIDEO]
Rose will replace outgoing chairman Michael Grade.
Jan 22, 2013
European Shares Nudge Higher Ahead of Bank of Japan Decision, Key UK Data
US markets closed for Martin Luther King holiday keep traders on the sidelines as investors await Bank of Japan policy decision.
Jan 21, 2013
Tennis Anyone? Britain's Tax Debate Needs a 'Hawk-Eye' Replay
Britain's tax code is both hopelessly complicated and deeply subjective. Clearer rules - not "public mood" - are the best way ensure fairness for everyone.
Jan 21, 2013
Britain's Financial Firms Fear Staff Shortages Will Hurt Business - CBI
A joint Confederation of British Industry and PricewaterhouseCoopers survey says financial sector the most optimistic since global crisis
Jan 21, 2013
UK Economy Set for Sharp Fourth Quarter Slump After Limp December Retail Sales
Consumer demand remains elusive as investors turn on sterling amid bets of a new round of support from the Bank of England.
Jan 18, 2013
Rio Tinto CEO Tom Albanese Sacked After Shock $14bn Writedown
Chairman says he's 'deeply disappointed' with news of $14bn impairment of two of group's key mining assets.
Jan 17, 2013
AB Foods Sees Higher Profits on Primark Christmas Surge
George Weston-controlled group sees 25 percent sales gain at Primark
Jan 17, 2013
Germany's Economy Hit by Rising Euro as Government Trims 2013 Forecast
Europe's biggest economy will grow by only 0.4 percent this year, the Economy Ministry said, as slowing trade takes its toll on German exports.
Jan 16, 2013
Progress at a Price: HMV Group the Latest Victim of Britain's 'High Street' Evolution
The sad end of an iconic British retailer should not mask the tremendous benefits of the online revolution.
Jan 16, 2013
Burberry Shares Surge After Solid Quarterly Sales in 'Challenging' Global Luxury Market
Britain's iconic luxury retailer notches a 9 percent increase in quarterly sales and cautions investors on difficult market conditions.
Jan 15, 2013
European Shares Slide as Currency Markets Take Centre Stage
Yen continues to decline amid bets the BoJ will add deeper stimulus while euro gains on cautious economic optimism.
Jan 14, 2013
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